Alliance underlines commitment with new framework

The Renault-Nissan-Mitsubishi Alliance has moved to quash rumours of a split by outlining a new framework to reinforce its business model and strengthen its management structure.

All three companies have also reiterated that the Alliance is essential for strategic growth and enhancing competitiveness for each company.

The new framework was ratified at a meeting of the Alliance Operating Board (AOB) in Yokohama, Japan, and is intended to further member-company strengths.

It was decided that each of the three companies will be the reference company for a dedicated region: Nissan for China, Renault for Europe, Mitsubishi for South East Asia.

Further, the engineering will work on a leader/follower model, expanding this scheme to platforms, powertrains and key technologies. Thus, one company will take the lead in the Alliance for the development of each key technology, which will then be spread among Alliance partners.

The AOB also decided to pool the three companies CAFE credit in Europe as early as 2020.

Further, on LCV, Renault will develop and manufacture the Mitsubishi van based on Renault Traffic platform to be sold in the Oceania region.

Strategic mid-term plans of the three companies will be disclosed simultaneously around May 2020, integrating the major consequences of the Alliance Operating Board decisions.