Auto

Nissan-Renault-Mitsubishi alliance won't appoint interim chairman

Updated : November 29, 2018 08:47 PM IST

Mitsubishi Motors' Chief Executive Osamu Masuko said on Thursday that the company's three-way alliance with Nissan and Renault would not appoint an interim chairman and would shift instead to a system where the group would be led by the three CEOs.

Masuko, speaking to reporters in Tokyo, said changes to the alliance's capital structure were not discussed at a meeting in Amsterdam on Thursday of Renault and Nissan senior managers.

The gathering, held 10 days after the arrest of Chairman Carlos Ghosn on suspicion of financial misconduct, lasted less than an hour, he said.

The top executives agreed to meet more often, for example on the sidelines of international auto shows, Masuko said.

Renault and Nissan "emphatically reiterated" their commitment to one another at the meeting, he said.

Have you signed up for Primo, our daily newsletter?

It has all the stories and data on the market, business, economy and tech that you need to know.

To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more