Nissan, Renault Need Alliance More Than Ever to Survive Pandemic
- With factories and showrooms shut, auto industry is struggling
- Especially vulnerable partners seek revamp, turnaround
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The coronavirus pandemic buffeting the auto industry may prove to be a watershed moment for the alliance between Renault SA and Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. as they prepare deep cost cuts to survive.
The car-making trio is set to unveil on May 27 a series of measures aimed at closer operational integration. These were promised at the start of the year and have been made more urgent by the steep drop in sales and unprecedented production halts rocking the sector.