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Nissan's Ghosn crisis

Nissan, Renault, Mitsubishi launch post-Ghosn era with new board

New alliance structure may still leave scope for power struggle

From left, Renault Chairman Jean-Dominique Senard, Nissan CEO Hiroto Saikawa and Mitsubishi Motors Chairman and CEO Osamu Masuko attend a news conference in Yokohama, Japan on March 12. (Photo by Yuki Nakao)

TOKYO -- Nissan Motor, Renault and Mitsubishi Motors on Tuesday sought to end months of turmoil over the future of their automotive alliance with the creation of a new decision-making board to replace the structure that left ousted chairman Carlos Ghosn holding virtually unchecked power.

The new alliance management was hailed by the three companies as a "new start" for their partnership. Unveiled at Nissan headquarters in Yokohama after the Japanese company's board meeting, the companies said the new board "will be the sole body overseeing the operations and governance in the Alliance among Renault, Nissan and Mitsubishi."

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