Nissan, Renault, M'bishi to set up advanced tech development company english.kyodonews.net

Nissan and Renault are jointly working on development of platforms and engines and purchasing of parts under the alliance at present.
Nissan launched a new management team on Sunday led by newly appointed chief executive Makoto Uchida who replaced Hiroto Saikawa after he admitted to receiving overpayment of remuneration.
The Yokohama-based company will discontinue production of the inexpensive vehicles in Indonesia and Russia and halt their sales in some markets due to fierce price competition.
Nissan resuscitated the Datsun brand in 2014 as a pillar of a strategy to tap into booming markets under top executive Ghosn at that time.
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