Renault in talks over new alliance body with Nissan and Mitsubishi

French carmaker Renault said on March 11 that it was in talks with its Japanese partners Nissan and Mitsubishi Motor over a new alliance body for the three companies.

"In response to recent press reports, Renault confirms that it is in discussions with its Alliance partners Nissan Motor Co., Ltd. and Mitsubishi Motor Co., Ltd. regarding the establishment of a new Alliance body in order to enhance and ensure further collaboration," Renault said in a statement.

"The proposed arrangement will have no impact on the existence of the RAMA (Restated Alliance Master Agreement),and the cross-shareholding structure, which will both remain in place," added Renault.