Renault-Nissan Alliance came just short of matching General Motors and joining the ranks of the three biggest automakers by global sales, after CEO Carlos Ghosn rescued a Japanese peer last year. Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. combined delivered 9.96 million vehicles last year. The three automakers chaired by Ghosn finished fewer than 4,000 cars and trucks short of GM’s deliveries in 2016 and within about 350,000 units of new worldwide leader VolkswagenAG. Ghosn emphasized the scale Renault and Nissan would add by coming to the aid of Japanese peer Mitsubishi Motors last year, following a fuel-economy scandal that dates back decades.
The alliance is including Mitsubishi Motors in its sales tally despite Nissan owning only about 34 percent of the company. After taking over as Nissan’s president in 1999, Ghosn restored the struggling company to profitability by breaking up its keiretsu network of suppliers, shutting plants and leveraging the alliance with Renault. Mitsubishi Motors added 934,013 vehicle sales to the alliance’s total for 2016. Deliveries fell 13 percent last year, driven by sagging confidence in the brand in Japan and weaker demand from Brazil, Russia and the Middle East. Read more
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