Press reports on the potential collapse of the Renault – Nissan – Mitsubishi alliance, triggering a fall in Renault and Nissan shares to multi-year lows, turned out to be unreliable. In an official statement from Nissan’s press service, the information about the preparation by the company’s management of a secret plan to leave the alliance with Renault was called not true, but the alliance itself was a “source of competitiveness,” “sustainable and profitable growth.” In turn, Renault Chairman of the Board Jean-Philippe Senard, in an interview with the Belgian newspaper L’Echo, called the alliance strong and strong. According to French Finance Minister Bruno Le Mer, reports of the collapse of the alliance were “malicious.”
On Monday, January 13, after the publication of the Financial Times and Bloomberg on the preparations for Nissan’s exit from the Renault – Nissan – Mitsubishi alliance, Renault shares reached a six-year low, and on Tuesday, Nissan shares on the Tokyo Stock Exchange reached their minimum value over the past eight and a half years.
One of the reasons for the fall in the shares of manufacturers is the escape of the ex-head of the alliance Carlos Ghosn from house arrest in Japan, and, as it turned out, untruthful reports of Nissan’s forthcoming exit added fuel to the fire.