Nissan Alliance Will be Back on Track in 2020: Renault Chairman
Renault Chairman Jean-Dominique Senard is determined to get the carmaker’s alliance with Japan’s Nissan back on track next year, he said on Tuesday, adding other matters such as a potential tie-up with Fiat Chrysler were less of a priority.
The Renault-Nissan partnership was rocked by former alliance boss Carlos Ghosn’s arrest in Tokyo almost a year ago on financial misconduct charges, which he denies.
The two firms are still trying to repair relations, including through recent management overhauls, to focus again on combined efforts to cut costs and invest in new technologies – among the pressing issues thrown into sharp relief by a Renault profit warning last week.
“My obsession is for the alliance to take off in 2020,” Senard told France Inter radio.
“If, by 2020, we don’t manage to start extracting … all the potential of this alliance, I’ll consider it to be a failure, on a personal level and by our teams.”
Renault, which said last week it was reviewing some mid-term targets, is due to release more details about its third quarter performance on Oct. 25.
Meeta develops credible content about various markets based on deep research, opinions from experts and inputs from industry leaders. As the managing editor at Smart Market News, she assures that every piece of news and article adds to the knowledge of decision makers. An avid bike rider, Meeta, is a postgraduate from Indian Institute of Journalism and New Media (IIJNM) Bangalore, where her specialization was Business Journalism. She carries experience from mainstream print media including The Times Group and Sakal Media Group.