Nissan CEO hints at intention to review alliance with Renault

Nissan Motor Co. CEO Hiroto Saikawa on Monday hinted at his intention to review the alliance with Renault SA, following the arrest of the Japanese company’s former chairman Carlos Ghosn.

The relationship is «not equal,» Saikawa was quoted as saying at a meeting with company employees to explain about the arrest of Ghosn, who remains chairman of Renault, according to a company source.

Ex-Nissan chairman Ghosn denies understating salary

Ghosn’s understated remuneration may reach 12 bil. yen: sources

Nissan’s Ghosn suspected of using firm’s overseas houses for free

In the alliance that also involves Mitsubishi Motors Corp., Renault owns a 43.4 percent stake in Nissan, which holds a 15 percent stake in its French peer but with no voting rights and 34 percent in Mitsubishi Motors.

All — Kyodo News+

Leave a Comment