Skip to content
Wednesday 2 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,754.99
-0.32%
DAX
25,830.49
-0.54%
CAC 40
8,277.14
-0.30%
STOXX 50
6,357.55
-0.18%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Thursday 29 November 2018 3:53 pm  |  Updated:  Monday 03 June 2019 3:10 am

Renault, Nissan and Mitsubishi meet to discuss future of alliance amid Ghosn scandal

By: James Warrington

Add as a preferred source on Google

Car manufacturers Renault, Nissan and Mitsubishi have restated their commitment to each other following the arrest of chairman Carlos Ghosn.

Executives from the three companies, which operate as an alliance, were seen arriving for a meeting in Amsterdam early this morning, according to Reuters.

It is the first time representatives for the alliance have met since Ghosn was arrested last week for alleged financial misconduct.

Managers from the three firms were seen entering alliance offices via an underground car park.

The companies issued a joint statement ahead of the meeting saying the board of directors “emphatically reiterated” their commitment to the alliance.

“The alliance has achieved unparalleled success in the past two decades,” the companies said.

But Carlos Ghosn’s arrest and subsequent dismissal has ruffled feathers among the alliance’s leadership.

Nissan chief executive Hiroto Saikawa said last week that Ghosn had been granted too much power within the alliance.

On Monday Saikawa told employees that the relationship between Nissan and Renault is “not equal” and needs to be reviewed, according to local media reports.

Ghosn has been in detention in Japan since his arrest on 19 November. But Japanese prosecutors are seeking court approval to hold the former chairman for a further 10 days before deciding whether to charge him, according to reports in Japan’s Kyodo news agency.

Former Nissan representative director Greg Kelly, who was dismissed alongside Ghosn, today denied the allegations of financial misconduct.

“All Ghosn received in compensation was included in Nissan’s annual financial statements,” Kelly's lawyer, Yoichi Kitamura, told Reuters.

Nissan and Mitsubishi have both ousted Ghosn from his role as chairman. However, he remains chairman and chief executive of Renault and head of the alliance.

 

 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

Related Topics

Trending Articles

  • Vodafone and Deliveroo look to patch up Reform ties after Yusuf prison threats

  • Trio of firms poised to quit London Stock Exchange as exodus gathers pace

  • Jaguar reveals the Type 01’s screen-free interior

  • Easyjet’s over-60s recruitment push is economically necessary

  • Jim O’Neill: Capital gains tax hike ‘looms’ as top option for Burnham

More from Morning Wire

  • London Sports Festival Extends Padel at Hay’s Galleria Following Continued Demand

    Sponsored
    Overhead view of a blue padel court and people playing inside Londons Hays Galleria, under a glass and steel roof.
  • Commonwealth Gold Medallists Return to the Court That Helped Inspire London

    Partner
    Team England athletes and dignitaries celebrate the Kings Baton Relay for Glasgow 2026 at a London sports festival.
  • London Sports Festival moves from 3×3 basketball success to pickleball at Canada Corporation’s Guildhall Yard

    Sponsored
    London Sports Festival at Guildhall Yard with temporary blue tennis courts and city skyline
  • Tesco and M&S warn Burnham against Budget tax raid on retailers

    Retail
    Andy Burnham, Mayor of Greater Manchester, in a suit, holding a red folder, walking past railings
  • SCP Standard Capital Partners AG Completes Its Strategic Shift Towards Defence Technology Through the Acquisition of Vanea Technologies GmbH and Nocturne Technologies GmbH – Plans to Change Its Name to VANEA AG

    Business Wire
  • UK debt ‘hits £3 trillion’ milestone

    Economics
    Houses of Parliament in Westminster showcasing historic architecture under a clear sky, central to UK government and politics
  • What’s on in London August

    Sponsored
    Collage of London attractions: Tower Bridge, outdoor dining, rock climbing, museum, afternoon tea, and spa.
  • Civil service reform? Burnham is rearranging deck chairs

    Opinion
    Andy Burnham in a dark suit and glasses, standing before a 10 NORTH graphic display.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook