YOKOHAMA, Japan — The chief executives of Renault, Nissan and Mitsubishi have announced a new board to oversee the French-Japanese auto alliance, seeking a “new start” for the partnership after the arrest and dismissal of Nissan’s former chairman, Carlos Ghosn. “This is a very special day for the alliance,” Renault SA’s chairman, Jean-Dominique Senard, told reporters after a meeting at Nissan’s Yokohama headquarters. Senard will be chairman of the new alliance board and hopes to become vice chairman at Nissan, he said. The Japanese automaker was on the verge of bankruptcy 20 years ago, when Renault sent Ghosn to help lead its turnaround. “As an elected member of the board, Mr. Ghosn stands ready to fulfil his professional duties to the shareholders who elected him,” it said.

Source: National Post March 12, 2019 08:34 UTC