Renault and Nissan partnership won't break - Carfoni

Mobile Menu

Top Ads

More News

logoblog

Renault and Nissan partnership won't break

Tuesday, January 14, 2020

French carmaker Renault and its Japanese partner Nissan have denied the press reports that companies whose shares have fallen to the lowest level in recent years will disrupt their partnership.

Renault Chairman Jean-Philippe Senard, Belgium's newspaper L'Echo, Mitsubishi, including the partnership about the "solid, strong and extremely good condition," he said.

In response to "speculative international media," Nissan said in a statement, "there is no way to end the partnership in any way."

"This partnership is the source of Nissan's competitiveness. Nissan will continue to grow sustainably and profitably with this partnership and will continue to win-win cooperation with all its partners," Nissan said in a statement.

After shares of Carlos Ghosn, thought to hold Nissan and Renault together, Renault shares were down to a six-year low due to concerns that companies would end their cost-sharing partnership for 20 years.

Carlos Ghosn, the former CEO of Nissan, was arrested for alleged corruption and fled to Lebanon after bail, saying he would not be a "prisoner" of the Japanese justice system.

No comments:

Post a Comment