Renault: discussions regarding new Alliance body
(CercleFinance.com) - In a press release this morning Renault confirms that it is in discussions regarding a new Alliance body.
"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," management said.
“The proposed arrangement will have no impact on the existence of the RAMA and the cross-shareholding structure, which will both remain in place. These discussions have not yet led to a definitive agreement. Any agreement shall be submitted for prior approval to the Board of Directors of Renault,” it added.
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"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," management said.
“The proposed arrangement will have no impact on the existence of the RAMA and the cross-shareholding structure, which will both remain in place. These discussions have not yet led to a definitive agreement. Any agreement shall be submitted for prior approval to the Board of Directors of Renault,” it added.
Copyright (c) 2019 CercleFinance.com. All rights reserved.