The two main partners in the Renault-Nissan-Mitsubishi Alliance joined together nearly 24 years ago when Renault invested a then-astronomical US$5 billion in the Japanese automaker and sent its top executive to Japan to fix it. Today, the two are mere shadows of what they were as recently as 2017 and 2018, ahead of Carlos Ghosn's ouster. Production, sales, market share, share price and market capitalization are all down sharply while the companies have lost several stars from their management bench. How did they get to where they are? And who's responsible? By now the suspicion is shared by much of the world that the only winners – apart from the firms' competitors – are the old-guard nationalists, characterized by some as the "old Nissan tribe," who engineered the November 19, 2018, arrest and downfall of the larger-than-life builder and leader of the alliance. That suspicion can now be turned into certitude.