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March 31, 2011
Statement regarding article on
Renault-Nissan Alliance Eyeing Joint Holding Company

On March 31, Nikkei published reports in Japan announcing that the Renault-Nissan Alliance is eyeing Joint Holding Company. The Nikkei report is based on speculation.

Carlos Ghosn has frequently stated to the media, investors and others that the corporate structure of the Renault-Nissan Alliance would continue to evolve -- as it has for the past 12 years. However, there are currently no plans to form a single holding company for both Renault and Nissan. An article published Thursday in Nikkei was a misinterpretation of a wide-ranging interview in which Mr. Ghosn said that the corporate structure of the Renault-Nissan Alliance would remain dynamic. Again, there are no plans to create a holding company, and in fact Mr. Ghosn did not say that Renault and Nissan are "leaning toward establishing a holding company."
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