Nissan would have plans to sell its substantial share in Mitsubishi, but according to Nissan COO Aswhani Gupta, none of that is true.
The Renault-Nissan-Mitsubishi alliance is going through a turbulent period. Since the resignation of former CEO Carlos Ghosn, the alliance has been closely scrutinized. A new conclusion that would have been drawn from this is that Nissan would want to get rid of its 34 percent interest in Mitsubishi. None of this is true, according to Gupta Reuters. “There is no discussion or contemplation of changing the financial structure at our partner companies,” said the COO. Gupta indicates that everything will continue as planned.
Those plans were presented last spring. The roles of the three brands in the alliance have changed. Renault will be the driving force here in Europe, Nissan will focus more on the home market, China and the US, Mitsubishi will have the largest role in South East Asia and Oceania. With this more streamlined approach, they naturally hope to save costs and become a less unwieldy company. For the Netherlands, it means that Mitsubishi will be thinned out in the coming years and that there may not even be news in the long run.