Cyrus Mistry unlikely to take up board position at Tata Sons. The Nissan-Renault alliance has begun to crack.
Update: Days after he was reinstated as Executive Chairman of Tata Sons and three other group companies, it is being reported that Cyrus Mistry won't take up a board position at any of these companies. He will likely appoint nominee directors to the board. More details here.
Coalition of the Unwilling: Two of the world's biggest auto makers had endured a business alliance for two decades. Then Carlos Ghosn was arrested in November 2018. In the year since, the Nissan-Renault alliance has frayed and begun to crack.
And this has hurt both companies' fortunes. Their share prices have dropped by a third since last November; they have sold half-a-million fewer cars in 2019 than they did in the previous year; and both are losing money rapidly. WSJ
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