Posted 2025-11-11 00:00:00 +0000 UTC
(photo source: Renault official website) according to foreign media reports, Jean Dominique senard, chairman of Renault's board of directors, said on October 22 that he was determined to put the alliance between Renault and Japanese automakers back on track within next year. He also talked about other things, such as the potential merger with Fiat Chrysler (FCA), which is not the most important thing now. The cooperation between Renault and Nissan has been seriously affected by the arrest of Carlos Ghosn, the former head of the alliance. In November, Mr. Ghosn was arrested in Tokyo on charges of financial impropriety, a charge he himself denied. The two automakers are still trying to fix the relationship, including recent management reforms. The two sides hope to achieve cost reduction through alliance and jointly invest in new technologies. Last week Renault issued a profit warning, which also raised some pressing issues. "My goal is to make the alliance work again by 2020," senard told French media. If we fail to tap all the potential of this alliance by 2020, I will regard it as a failure, both for me and for our team. " Senard did not give further details. He also talked about other matters, such as the resumption of merger talks with the FCA, which were abandoned in June this year. Senard said the merger talks with the FCA were a minor issue compared to the Renault Nissan Alliance. "It's not on the table today," senard said of the FCA deal Senard said that reducing Renault's 43.3% stake in Nissan could help repair the relationship, but it is not the first thing to be resolved. "No possibility can be ruled out right now, but this is not what we are focusing on right now," senard said At the beginning of 2019, senard flew from manufacturer Michelin to Renault, whose mission is to stabilize Renault. The French government owns 15% of Renault. Earlier this month, Thierry bollore, the company's CEO, stepped down. He used to be a right-hand man of Ghosn, but his relationship with Nissan was tense. Meanwhile, Renault hoped to wipe out its past grudges with Nissan. "I find the league is worse than I thought," senard said This situation will take time to fix. " Renault said last week it was reviewing some of its mid-term targets and expects to release more details about its third quarter results on October 25.
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