Renault-Nissan-Mitsubishi Alliance to Be Led Jointly by CEOs

The Alliance Board meeting in Amsterdam addressed leadership roles and diffused immediate tensions. Carlos Cone remains chairman, with Hirota Saikawa as vice chairman. Despite concerns about an inequitable partnership, no changes were made to the capital structure. Mitsubishi's CEO emphasized restoring normalcy, focusing on operations rather than personnel changes. The leaders of Nissan, Mitsubishi, and Renault are aligned on the alliance's direction, with no immediate governance changes, but future developments are anticipated.

What was the main focus of the Alliance Board meeting in Amsterdam?

• Announcing a new chairman

• Discussing personnel appointments

• Planning a new capital structure

• Addressing immediate leadership tensions

Who is the vice chairman of the alliance mentioned in the meeting?

• Terry Bowler

• Hirota Saikawa

• Osama Moscow

• Carlos Cone

What did Mitsubishi CEO Osama Moscow emphasize during the meeting?

• Expanding the alliance

• The need for a new capital structure

• Appointing new personnel

• Restoring a sense of normalcy

What was the primary topic of discussion during the board meeting?

• Personnel appointments

• Capital restructuring

• Governance changes

• Operations

What did Renault state about its position in the alliance?

• It will lead the alliance

• It will reduce its stake

• It remains committed to the alliance

• It plans to exit the alliance