Japan’s Nissan and France’s Renault have agreed to strategically retool the alliance so as to put themselves on a more equal footing.
In an interview to Le Figaro, Renault’s chairman Jean-Dominique Senard drew attention to the fact that Renault and Nissan must streamline decision-making; he also mentioned that boosting the companies’ cross-shareholding is not currently in their plans.
Last week, Nissan Motor and Renault along with junior partner Mitsubishi Motors agreed that they would retool the alliance so as to put themselves on a more equal footing.
“I’ve concluded that we need to considerably simplify our decision processes in the alliance,” said Jean-Dominique Senard. “I want it to be tight and made up of those people who have power to take decisions in each company”.
The removal of Carlos Ghosn, who was instrumental in rescuing Nissan from near-bankruptcy in 1999, as the head of the alliance, has raised a cloud of uncertainty about its future.