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Renault-Nissan announce plan to deepen cooperation to ensure group's survival

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/Files

TOKYO (Reuters) - Renault SA RENA.PA, Nissan Motor Co 7201.T and Mitsubishi Motors Corp 7211.T on Wednesday announced details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group.

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

The reworked alliance will focus on more systematic divisions of labour, with one partner leading for a particular type of vehicle and geography while the others follow.

Reporting by Naomi Tajitsu; editing by Jason Neely

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