Renault's recent push to block a governance overhaul at Nissan Motor Co has...
FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of a common dealership of the companies in Saint-Avold, France, Jan. 15, 2019. REUTERS/Christian Hartmann/File Photo
TOKYO - Renault’s recent push to block a governance overhaul at Nissan Motor Co has put the Franco-Japanese automaking alliance in jeopardy, a person familiar with Nissan’s thinking told Reuters. The two-decade-old partnership of Renault SA and Nissan was plunged into fresh crisis this week after Renault signaled it would block its partner from adopting planned governance reforms unless the French automaker received more say in the new system. Nissan has publicly called that demand “most regrettable”.
“I have to say that they are endangering the alliance. They have to be very careful not to antagonize Japanese people, shareholders,” the person said, referring to Renault. “Renault has been saying the alliance is important and irreversible but what they are trying to do is to break the alliance,” the person said, declining to be identified because of the sensitivity of the issue.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Proxy adviser ISS urges shareholders to vote against Nissan CEO reappointmentLeading proxy advisory firm ISS has urged shareholders of Nissan Motor Co Ltd to...
Read more »
France has a strategy for Renault-Nissan alliance, finance minister saysFrench Finance and Economy Minister Bruno Le Maire has said the country has a strategy to reinforce a fragile alliance between Renault and Nissan.
Read more »
Back-Seat Driving Nissan Won’t Help RenaultHeard on the Street: Without a deal with Fiat Chrysler, Renault needs to make its alliance with Nissan work. But its latest move could be counterproductive.
Read more »
France has a strategy for Renault-Nissan alliance, finance minister saysFrench Finance and Economy Minister Bruno Le Maire has said the country has a strategy to reinforce a fragile alliance between Renault and Nissan.
Read more »
Back-Seat Driving Nissan Won’t Help RenaultHeard on the Street: Without a deal with Fiat Chrysler, Renault needs to make its alliance with Nissan work. But its latest move could be counterproductive.
Read more »