Nissan's senior executives are reportedly accelerating a plan for a potential split from Renault, a plan that apparently existed ever since former Chairman Carlos Ghosn was arrested in Tokyo accused of under-reporting his earnings.More news: Barcelona Sack Ernesto Valverde & Appoint Quique Setien as New Manager
The French newspaper Le Figaro on Monday reported an interview with Ghosn, who is now in Lebanon after skipping bail in Japan. According to the media outlet, Nissan is planning to end the cooperation in the manufacturing and engineering sectors, as well as bring changes to the company's board. There have been recent efforts made to improve relations on both sides, but the Financial Times reports that the partnership - which produces 10 million cars annually - has soured.
Terminating the more than 20-year alliance could be painful for both Nissan and Renault amid falling sales. It would come at the worst time, with new alliances already underway, forming lucrative relationships - such as Fiat Chrysler (with whom Renault unsuccessfully attempted a merger last year) and PSA; and Volkswagen and Ford.More news: Player quits Australian Open qualifier after suffering coughing fit in thick smoke
Nissan said on Tuesday it was "in no way" considering dissolving its alliance with Renault and Mitsubishi Motors and that the alliance was the source of Nissan's competitiveness.
Ghosn is widely credited for saving Nissan from collapse when the company was on the verge of bankruptcy almost two decades ago, and stood behind the creation of the Nissan-Renault-Mitsubishi alliance.More news: Stephen Colbert Goes Off On Trump Administration For Shifting Stories On Iran
The Renault-Nissan Alliance was first created in 1999, after the French carmaker purchased shares in Nissan.
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