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Nissan denies reports of potential split from Renault

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Nissan denies reports of potential split from Renault

Nissan Motor Co. Ltd. on Jan. 14 denied media reports that the automaker is accelerating plans to possibly end its alliance with Renault SA and Mitsubishi Motors Corp.

"Recently, there have been speculative international media reports on Nissan's stance towards the Alliance. Contrary to the assertions in the articles, Nissan is in no way considering dissolving the Alliance," the Japanese automaker said in a statement.

London's Financial Times on Jan. 13 reported that senior Nissan executives have ramped up plans for a potential separation from Renault after former alliance Chairman Carlos Ghosn fled to Lebanon.

Nissan on Jan. 14 said the alliance is the source of its "competitiveness."

Renault Chairman Jean-Philippe Senard said the alliance is "solid, robust, everything but dead," Reuters reported, citing Belgian newspaper L'Echo.