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  • Mon. Dec 23rd, 2024

Renault and Nissan deepen cooperation in bid for survival

Renault and Nissan deepen cooperation in bid for survival

FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Reims, France, July 9, 2019. REUTERS/Christian Hartmann

PARIS/TOKYO (Reuters) – Renault (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) said on Wednesday they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive.

The three carmakers are reeling from the coronavirus pandemic which engulfed them just as they were trying to rework their alliance after the arrest in 2018 and subsequent ousting of its chairman and chief architect, Carlos Ghosn.

The auto makers are aimi

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