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Nissan's Ghosn crisis

Renault, Nissan and Mitsubishi affirm 'decisions-by-committee'

Leaders meet in Netherlands and vow to uphold alliance

Renault's electric vehicle experience center in Berlin. The company's new leadership confirmed its commitment to the alliance Thursday in their first meeting with Nissan and Mitsubishi leaders.  (Photo courtesy of Renault)

TOKYO -- Executives from Renault, Nissan Motor and Mitsubishi Motors held a regular alliance meeting Thursday in the Netherlands, where they agreed to continue the committee decision-making system instituted after the arrest of former shot-caller Carlos Ghosn.

New Renault CEO Thierry Bollore and Hiroto Saikawa, Nissan's president and CEO, met in person in Amsterdam, where Renault-Nissan BV, the joint venture that coordinates the alliance, is based. Mitsubishi Chairman and CEO Osamu Masuko joined through a video call.

The chiefs reaffirmed their intent to uphold and continue advancing the alliance, in the first meeting since Renault appointed Bollore and new Chairman Jean-Dominique Senard to replace Ghosn last week.

They reportedly did not discuss appointing a new alliance leader to succeed Ghosn, who has been held in Japanese detention since his November arrest on allegations of misreporting his pay as Nissan's chairman.

Senard did not participate in the talks, though he appears to have spoken with Masuko by telephone and separately with Saikawa.

Meanwhile, sources close to the matter said Thursday that Nissan and Renault agreed to jointly investigate Renault-Nissan BV for possible opaque practices surrounding executive pay or misappropriation of funds.

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