Renault and Nissan to Remain Allies, Not Go for Joint Holding...

… at least, until further notice. Ever since the early hours on Thursday, the international media has been reporting about the possibility of Nissan and Renault to ditch the long lasting partnership which has tied them together for years now in favor of a new organization, a joint venture holding which would be in charge with the business of both the manufacturers.

The story broke on Nikkei, after the head of both Nissan and Renault, Carlos Ghosn, said in an interview that Nissan and Renault would become one at a corporate level within two or three years. The new organization, Nikkei said, was supposed to engulf all the brands owned by Renault: AvtoVaz, Dacia and Renault Samsung Motors. All would have been done with the best interest of the investors in mind.

It didn't take Nissan long to issue an official denial of what was reported by the Nikkei daily. In the response, Nissan says Ghosn was misquoted and that, although all avenues are open, the president of the two auto makers never said a joint venture holding was in the making. You can read Nissan's reply below.

“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."