Nissan Denies Alliance Exit Rumors

Nissan has issued a statement denying it is planning to exit its alliance with fellow automakers Renault and Mitsubishi.

According to a statement released by the Japanese automaker, there has been no consideration of ending the alliance it has been a member of since 1999. The trio established an Alliance Operating Board (AOB) early in 2019, which the group said will help them continue to improve. The AOB has met each month since then and is currently the only body overseeing the operations of the group.

The alliance has been in turmoil since the ouster of former chairman Carlos Ghosn, who has been accused of financial misconduct. He was awaiting trial in Japan when he fled to Lebanon early in January. He has since given a press conference where he maintained innocence and accused “a handful of individuals” at Nissan of plotting against him.