New Renault CEO Luca de Meo says he is confident his company’s troubled alliance with Japanese partners Nissan and Mitsubishi will demonstrate its value for all three companies.
De Meo, speaking in a week when both Renault and Nissan announced record net losses, said: “With these results, the first priority is for both companies to focus and fix their miseries internally”. He added that contacts between the French and Japanese parts of the alliance had taken on a new tone in the past few months.
“I think we are finding a good setup and we are trying to focus on four or five key projects where we can really prove to each that by working together it’s going to bring a benefit,” he said on a conference call with analysts.
“We will see in the next months and years the result of that very operational and pragmatic work. I am confident we can give a lot to one another.”