“New Start” confirmed for Renault-Nissan-Mitsubishi Alliance

In a move to make a “New Start” since the departure of Carlos Ghosn, the chief executive officers of Renault, Nissan, and Mitsubishi and the Renault chairman are creating a new operating board for the Alliance.

The new operating board will be the sole body overseeing the operations and governance in the Alliance among Renault, Nissan and Mitsubishi.

It will be the face and primary driver of the Alliance’s “New Start” for the operational cooperation between Nissan, Renault and Mitsubishi Motors and it will look for new ways to generate value for its respective shareholders and employees.

Renault chairman Jean-Dominique Senard will chair the Alliance operating board and he will be joined by Renault boss Thierry Bollore, Nissan boss Hiroto Saikawa, and Mitsubishi boss Osamu Masako.

The operating decisions taken by the Alliance Board will be consensus-based, furthering the Alliance’s “win-win” approach.

The definitive agreements will be signed in conjunction with the anniversary of the Alliance.

The new board intends to meet every month in Paris or Tokyo and will regularly update stakeholders on its key value initiatives and achievements. The Alliance operating board will ask for the creation of specific projects to make recommendations for and drive the execution of new ways to create incremental value of the three auto companies.

It says through the commitment and loyalty of the employees of Nissan, Renault and Mitsubishi Motors, and a highly constructive cooperation with Daimler and Dongfeng, the Alliance operating board will look to continue delivering total win-win for all those involved.

Groupe Renault, Nissan Motor Co., Ltd. and Mitsubishi Motors represent the world’s largest automotive alliance. It is the longest-lasting and most productive cross-cultural partnership in the auto industry. Together, the partners sold more than 10.7 million vehicles in nearly 200 countries in 2018.