Mitsubishi

    • Renault, Nissan, Mitsubishi deepen cooperation to survive

      Renault, Nissan, Mitsubishi deepen cooperation to survive

      Renault SA, Nissan Motor and Mitsubishi Motors announced on Wednesday details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group, news wires reported. The reworked alliance will focus on more systematic divisions of labour, with one partner leading for a particular type of vehicle and geography while the others follow.

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    • Nissan chairman accused of significant acts of misconduct

      Nissan chairman accused of significant acts of misconduct

      Nissan Chairman Carlos Ghosn, who became one of the auto industry’s most powerful executives by engineering a turnaround at the Japanese manufacturer, was arrested Monday and will be fired for allegedly under-reporting his income and misusing company funds for personal gain. Along with him, another senior executive, Representative Director Greg Kelly, was also arrested and accused of offences involving millions of dollars that were discovered during a months-long investigation set off by a whistleblower.

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