ARREST OF EXECUTIVE
Nissan seeks more sway in Renault alliance as governments urge stability
France seeks evidence from industry partner to support misconduct allegations after the arrest of chairman Carlos Ghosn
Paris/Tokyo — France stood by embattled Renault boss Carlos Ghosn on Wednesday, saying it wants evidence from industry partner Nissan to support misconduct allegations against him, and added that both Paris and Tokyo want a stable car-making alliance. While Japan took a similar line, saying it is keen for stability in the Nissan-Renault partnership following Ghosn’s arrest, a Nissan executive said the Japanese car maker is seeking ways to weaken the influence of its French partner. The 19-year alliance, enlarged in 2016 to include Japan’s Mitsubishi Motors, has been rattled to its core by Ghosn’s shock arrest in Japan on Monday, with the 64-year-old group chairman and industry star accused of financial misconduct. Ghosn, a Brazilian, Lebanese and French citizen, has personally shaped the alliance and pledged to consolidate it with a deeper tie-up, one not all parties were convinced by.
“We need to return to the original idea of a win-win relationship,” a long-time Nissan execu...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.