Renault, Nissan say alliance not headed for break-up
It's an alliance under pressure - but French carmaker Renault and Japanese partner Nissan are standing strong
insisting there is no danger of the partnership being dissolved.
The group, which also includes Japan's Mitsubishi, responded to a media report of a potential breakup.
The chairman of Renault, Jean-Philippe Senard, told a Belgian newspaper that the alliance was "solid and robust".
While Nissan said it was "in no way considering dissolving the alliance."
Renault shares hit six-year lows on Monday
as investors worried the French group's 20-year cost-sharing alliance with Nissan was headed for a break-up without Carlos Ghosn to hold it together.
Long-standing tensions in the Franco-Japanese partnership have been heightened since former boss Ghosn's arrest in in 2018
on allegations of financial misconduct, which he denies.
He remains in Lebanon after fleeing the Japanese justice system while awaiting his trial.
A Financial Times report on Monday that Nissan executives are making contingency plans for a split appeared to accelerate a sell-off in Renault shares.
Nissan shares tumbled to their lowest in 8-1/2 years on Tuesday in Tokyo.
