Renault Nissan Mitsubishi Alliance agree to new management structure

The heads of Renault, Nissan and Mitsubishi Motors have agreed to form of a new board of management for the three-headed automaking alliance. As part of the deal agreed to in Tokyo, the chairman of the "New Start" board will be Jean-Dominique Senard, chairman of Renault. The other members of the board will be Thierry Bollore, CEO of Renault; Hiroto Saikawa, CEO of Nissan; and Osamu Masuko, CEO of Mitsubishi Motors.