French carmaker Renault has said that it was in talks with its Japanese partners Nissan and Mitsubishi Motor over a new alliance body for the three companies.
“In response to recent press reports, Renault confirms that it is in discussions with its Alliance partners Nissan Motor Co, Ltd and Mitsubishi Motor Co, Ltd regarding the establishment of a new Alliance body in order to enhance and ensure further collaboration,” Renault said in a statement on Monday.
“The proposed arrangement will have no impact on the existence of the RAMA (Restated Alliance Master Agreement), and the cross-shareholding structure, which will both remain in place,” added Renault, Reuters reported.
