French carmaker Renault said on March 11 that it was in talks with its Japanese partners Nissan and Mitsubishi Motor over a new alliance body for the three companies.
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“In response to recent press reports, Renault confirms that it is in discussions with its Alliance partners Nissan Motor Co., Ltd. and Mitsubishi Motor Co., Ltd. regarding the establishment of a new Alliance body in order to enhance and ensure further collaboration,” Renault said in a statement.
“The proposed arrangement will have no impact on the existence of the RAMA (Restated Alliance Master Agreement),and the cross-shareholding structure, which will both remain in place,” added Renault.
