Bad timing: COVID compounds woes of Renault-Nissan alliance – ZAWYA

Bad timing: COVID compounds woes of Renault-Nissan alliance – ZAWYA

Bad timing: COVID compounds woes of Renault-Nissan alliance For both companies, the losses were their biggest on record    The logos of car manufacturers Renault and Nissan are seen in front of a common dealership of the companies in Saint-Avold, France, January 15, 2019.PARIS/TOKYO - Record losses reported this week first by Nissan then its alliance partner Renault confirmed a harsh reality - automakers that already had weaknesses are having them mercilessly exposed by the COVID-19 epidemic.All the world's car companies have been in crisis at one time or another in the past few years, but it so happens that the virus hit just as the Renault-Nissan alliance faced its own reckoning after the messy ouster of its architect Carlos Ghosn.That leaves Renault and partners Nissan and Mitsubishi vulnerable to what Carlos Tavares, boss of rival PSA , described as a "totally Darwinian period" in global automaking.All the world's car companies have been in crisis at one time or another in the past few years, but it so happens that the virus hit just as the Renault-Nissan alliance faced its own reckoning after the messy ouster of its architect Carlos Ghosn.PARIS/TOKYO - Record losses reported this week first by Nissan