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A week after the arrest in Japan of Carlos Ghosn, Bruno Le Maire opposed, Tuesday, November 27, any change in the governance of the alliance Renault-Nissan-Mitsubishi and "In balance" powers. In particular, he considers that the Chief Executive Officer of Renault "Must remain the president of the alliance" Renault-Nissan-Mitsubishi.
"In the governance, it is expected that the CEO of Renault is the president of the alliance. This rule must not change »said the minister on LCI, in response to a question about a possible upheaval in the balance Renault-Nissan-Mitsubishi after the arrest of the CEO of Renault for suspicion of financial malfeasance. "The General Manager of Renault [actuellement Thierry Bolloré, directeur exécutif par intérim depuis l’interpellation de M. Ghosn] must remain the president of the alliance »The Mayor said, while Mr Ghosn was stripped of his duties as president of Nissan and Mitsubishi.
"Good balance"
Asked about the division of power within the alliance and possible use by the Japanese suspicions weighing on Mr. Ghosn to rebalance in their favor within the alliance, Mr. Mayor has taken a firm stance.
"There is today a sharing that seems good to me, there is a balance that is good. There are cross-shareholdings between Renault and Nissan that must not change ", did he declare. Renault owns just over 43% of Nissan, which owns 15% of the French manufacturer. The French State holds the same amount of capital, about 15% of the capital of the diamond firm. "I do not want any change in the balance of power between Renault and Nissan, levels of cross-shareholdings"insisted the minister.
Meeting in Amsterdam
According to Mitsuishi Mitsuishi, Mitsubishi Executive Vice President Mitsuhiko Yamashita, the alliance between Renault, Nissan and Mitsubishi Motors can survive the Ghosn affair, because whatever its form in the future, the three car groups will continue to benefit from their cooperation to develop new technologies.
Alliance officials will gather this week in Amsterdam – starting Wednesday according to sources – to see how to protect their joint activities from the repercussions of this issue, while a struggle of influence is looming between Nissan and Renault. The future of Carlos Ghosn at the head of the alliance will also be discussed, said a source at Nissan.
In custody in Tokyo since November 19, Carlos Ghosn has been dismissed as president of Nissan and Mitsubishi but is still CEO of Renault – where a tandem was chosen to act as interim – than the alliance .
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