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After the fall of the director of the car Carlos Ghosn in Japan, France is attached to the distribution of the power in the automobile alliance between Renault and Nissan.
23h22, 27th November 2018
"The General Manager of Renault must remain President of the Alliance", asked the Minister of Economy and Finance Bruno Le Maire Tuesday in the LCI transmitter. "I do not want any change in the balance of power between Renault and Nissan," said Le Maire. His word has its weight in Paris because the French State holds 15% of the capital of Renault.
Ghosn was arrested in Tokyo on November 19 for breaking the rules of the Japanese stock market. On Thursday, the US president dismissed Nissan 's 64 – year – old chairman of the board of directors, followed by his dismissal Monday at Mitsubishi Motors.
Commissioners' Directorate
Renault participates for 43.4% of Nissan, the Japanese for 34% for Mitsubishi. Nissan in turn holds a 15% stake in the French automaker, but does not have any voting rights.
Renault had already given provisional leadership last week. The Mayor had said Ghosn was currently unable to run the company. General Manager Thierry Bolloré is temporarily acting as Chief Executive Officer, but Ghosn remains officially Chairman and Chief Executive Officer. However, the Brazilian will probably not be long term at the Renault summit if the allegations concerning him prove to be justified.
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