Auto Industry: Carlos Ghosn and Platforms Engines

auto industry: Nissan and Renault are jointly working on developing platforms and engines, and purchasing of parts under the alliance at present, according to The Japan Times. The three carmakers look to step up joint operations as the global auto industry faces a rapid shift in customer demand to connected, autonomous, shared and electric vehicles. The sources said Sunday the alliance wants to bolster cooperation after its leader, Carlos Ghosn, was ousted. ; Engineers from the three automakers will focus on studying artificial intelligence and other key technologies at the new company, and its operation scale and other details will be announced by the end of January, the sources said. The shift in the business environment is requiring automakers to boost investment in technology. Nissan launched a new management team Sunday led by newly appointed Chief Executive Makoto Uchida, who stepped in for Hiroto Saikawa after he admitted receiving overpayment of remuneration. The new company is aimed at helping the Franco-Japanese auto group to share hefty development costs and speed up development, as the three partners have launched few new projects since Ghosn was discharged following his arrest in November last year. (news.financializer.com). As reported in the news.