TOKYO - Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to set up a joint board meeting structure to discuss issues related to their alliance in a step toward integration of operations, TV Tokyo reported on Sunday.
Citing multiple sources involved in the matter, the broadcaster said the heads of the three automakers - Nissan Chief Executive Hiroto Saikawa, Mitsubishi Motors Chairman Osamu Masuko, and Renault Chairman Jean-Dominique Senard - are preparing to announce the plan for the joint meeting soon. Carlos Ghosn, who served as chairman at all three companies, before his arrest in November, had been pushing for a deeper tie-up between Nissan and Renault, including possiby a full merger, despite Nissan reservations.
Ghosn, released on $9 million bail last week, faces charges of aggravated breach of trust and under-reporting his salary by about $82 million at Nissan for nearly a decade. He denies the charges.
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