NISSAN said yesterday it was "in no way" considering dissolving its alliance with France's Renault, and that the alliance was the source of Nissan's competitiveness.

"Through the alliance, to achieve sustainable and profitable growth, Nissan will look to continue delivering win-win results for all member companies," the Japanese car maker said in a statement.

Growing concerns about the state of the 20-year old French-Japanese alliance, forged by former boss Carlos Ghosn, had sent Renault and Nissan shares skidding to multi-year lows on Monday.

The alliance, which also includes Japan's Mitsubishi, is "solid, robust, everything but dead," the chairman of Renault, Jean-Philippe Senard, told Belgian newspaper.

Nissan, in response to "speculative international media reports," said it was "in no way considering dissolving the alliance".

"Through the alliance, to achieve sustainable and profitable growth, Nissan will look to continue delivering win-win results for all member companies," it added.

Renault said yesterday it will appoint a new chief executive within the next few days.

Reuters

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