Renault S.A. Chairman Jean-Dominique Senard (pictured) told investors on Wednesday that the French carmaker's alliance with Nissan has been "damaged" by its former Chairman Carlos Ghosn's arrest over alleged financial fraud, but insisted the alliance with Nissan and Mitsubishi should be preserved as it is vital for Renault's success.
"There will be no success of Renault without the success of the Alliance," Senard stated. He stressed it is important for everyone to take action in an effort to repair and rebuild the alliance between the three carmakers.
Earlier this year, Renault, Nissan and Mitsubishi announced the "restart of the alliance" following the change in management as a result of Ghosn's arrest and named Senard as the new head of the alliance.
