Nissan Motor Co. is in no way considering the dissolution of its alliance with Renault SA, the Japanese automaker said, pushing back against reports that its executives have looked at the possibility of breaking with the global carmaking group.
“The alliance is the source of Nissan’s competitiveness," the Yokohama-based company said in a statement Tuesday. “Through the alliance, to achieve sustainable and profitable growth, Nissan will look to continue delivering win-win results for all member companies."
The future of the alliance, created two decades ago when Renault took a stake in a near-bankrupt Nissan and which added Mitsubishi Motors Corp. in 2016, was thrown into question over the past year after the arrest of its former chairman Carlos Ghosn. The auto executive, who was detained in November 2018 and fled at the end of December to escape trial in Japan on charges of financial crimes, played a pivotal role in keeping the alliance together.