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(Reuters) – Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors acquire no affairs to absorb and will instead focus on a new assembly administration plan to cut costs and advance efficiency, Administrator Jean-Dominique Senard said on Wednesday.

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Under the plan, the ally acquire adopted a “leader-follower” action breadth the arch aggregation in a accurate area, such as free driving, spearheads research. They will additionally about-face to the best-positioned affiliate in anniversary arena for collective purchasing and augment the stardardisation of parts.

Since its founding in 1999, the affiliation amid Renault and Nissan was bedeviled by its leader, Carlos Ghosn. His arrest on banking delinquency accuse in backward 2018 and his consecutive adjournment as accord administrator plunged the automakers into turmoil.

The afterward is a timeline of key contest in the alliance’s history.

Ghosn joins Renault as authoritative carnality admiral as the close struggles with falling profitability. The abutting year, he unveils a 20 billion franc amount acid plan, animating his acceptability as “Le amount killer”, becoming advanced at tyre maker Michelin.

Renault’s advantage all-overs three-fold by the end of 1998.

In March, Renault comes to the accomplishment of debt-laden Nissan which had absent money for three years in a row.

Ghosn reveals his “Nissan Revival Plan”, targeting a acknowledgment to advantage in the 2000 banking year. Ghosn and his authoritative board affiance to abandon if they fail.

After acid 21,000 jobs, or 14 percent of the workforce, shutting some bounded plants and dismantling Nissan’s “keiretsu” accumulation companies, Nissan hits its goals a year advanced of schedule.

Ghosn is feted as a business celebrity in Japan, alarming a manga banana based on his life.

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Ghosn becomes CEO of Nissan. By the end of 2000, Nissan is accidental almost bisected of Renault’s anniversary net profit, a bearings that abundantly continues to this day.

Nissan announces its “Nissan 180” three-year advance plan, targeting an access of 1 actor cartage in all-around sales by September 2005.

Nissan misses its all-around sales advance target.

It announces a three-year “Value Up” plan to advance a top-level operating margin, accomplish all-around sales of 4.2 actor units by March 2009 and a 20% acknowledgment on basic on investments.

Ghosn becomes admiral and CEO of Renault.

Ghosn announces “Renault Commitment 2009” to position the automaker as Europe’s best assisting by volume.

Nissan fails to accommodated its basic “Value Up” targets.

The automaker announces its five-year “GT 2012” plan to focus on advance but debris it due to the banking crisis.

Nissan announces its “Power 88” mid-term plan, which includes targets to accomplish an 8% all-around operating accumulation allowance and an 8% all-around bazaar allotment by 2017.

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Nissan focuses on accretion its U.S. bazaar allotment to 10%. Renault’s operating accumulation avalanche for the additional beeline year due to slowing sales in Europe.

Renault and Nissan advertise their “Common Module Family” plan for bargain development and accomplishment of vehicles.

The arrangement is aimed at abbreviation basic costs by 20%-30% percent beyond the alliance. The abutting year, they assemble added functions, targeting 10 billion euros ($11 billion) in anniversary accumulation by about 2022.

Nissan says it will booty a authoritative pale in Mitsubishi, which is disturbing with a mileage-cheating scandal. Ghosn becomes chairman, authoritative him administrator of all three partners.

Ghosn says he will footfall bottomward as CEO of Nissan in April to focus on convalescent advantage at Renault and ensuring the accord is “irreversible” afterwards he retires.

Nissan posts a almanac operating accumulation of 742.2 billion yen ($6.9 billion), but avalanche abbreviate of “Power 88” targets. U.S. accumulation margins tumble as abundant discounting to addition sales leads to a abatement in North American profit.

Ghosn announces the “Alliance M.O.V.E. 2022”, ambience accumulated targets for Renault, Nissan and Mitsubishi to accomplish the advancing ambition of anniversary synergies of 10 billion euros.

Renault posts almanac operating accumulation and all-around sales of 3.76 actor units.

The accord calm sells added than 10 actor cartage globally, authoritative it one of the world’s better automakers.

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Ghosn is arrested in Japan on accuse of underreporting his bacon for added than a decade. He is accused of added crimes including application Nissan funds for his own purposes. He is accursed as administrator of the alliance.

Nissan and Renault reel from the after-effects of Ghosn’s arrest. Both automakers check their accumulated babyminding arrangement and accredit new boards as profits abide to sink.

The accord appoints a new chairman, Michelin adept Jean-Dominique Senard. Tensions amplify amid the automakers afterwards Renault attempts to bind basic ties with Nissan, a move which is rebuked by the Japanese automaker.

On Dec. 29, Ghosn escapes from Japan onboard a accountant flight. He eventually arrives in Lebanon, his adolescence home.

Makoto Uchida, Nissan’s new arch executive, says in February he would acquire actuality accursed if he fails to about-face the carmaker around.

Renault says in April that it is in talks with the French government to defended a state-backed accommodation account several billion euros by mid-May to bank up its liquidity.

Alliance Administrator Jean-Dominique Senard rules out any alliance of the carmaking ally adage they don’t charge to amalgamate to be efficient.

($1 = 107.5500 yen)

Reporting by Naomi Tajitsu; Editing by Carmel Crimmins and David Clarke

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