Nissan, Renault and Mitsubishi to announce joint program on May 27

Nissan, Renault and Mitsubishi to announce joint program on May 27

The alliance formed between Nissan, Renault and Mitsubishi will announce on May 27 a joint medium-term program to deal with the crisis in the sector stemming from the coronavirus pandemic, the financial daily Nikkei reported.Nissan had already announced last week that it was preparing its own medium-term program to deal with the drastic drop in demand for vehicles, and that it would announce it when it released its financial results on May 28.

According to Nikkei, the joint program of the three firms that make up the alliance initially formed two decades ago by Renault and Nissan will be the first they defined in the post- Carlos Ghosn era , now a fugitive from Japanese justice. Although the newspaper assures that the three firms are preparing their own program separately, there will be a joint plan to show cohesion of their operations among the members of the alliance.

The financial newspaper points out that this medium-term program may focus on the reorganization of the production system between the three companies and measures for the development of new generation vehicles, such as electric ones. Nikkei had previously reported on May 14 that as part of the medium-term program that Nissan Motor was designing, there was a 20% reduction in its production capacity, to cope with the decrease in demand. Those plans involved the closure of its factory in Barcelona, ​​among other measures, but a company spokeswoman called that information a ” conjecture, ” and insisted that the program that Nissan is preparing will be released on May 28. On that date, Nissan Motor is expected to announce the results of its fiscal year of 2019. Nissan already reported on April 28 that it will close that year with losses of close to US $ 900 million.