At the informal meeting, senior officials gathered for the first time as the Global Alliance Committee to decide on ways forward for the two companies. A Nissan spokesman said: 'GAC was set up to define the common strategy of profitable growth of the new entity and promote all possible synergies between the two groups. It is the senior management body of the Nissan/Renault partnership.'
The committee comprises five senior executives from both companies and is co-chaired by Louis Schweitzer, Renault chairman and chief executive officer, and Yoshikazu Hanawa, Nissan president and chief executive officer. It is to meet on a monthly basis, alternately in Paris and Tokyo or by video-conferencing.