Interesting developments in the automotive sector – Nissan wants to revise the agreement with Renault: the Alliance "is not peer to peer" – Sources



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Nissan Motor Executive Director Hiroto Saikawa announced on Monday his intention to revise his current alliance with Renault, according to sources from the Japanese company, quoted by local media, according to EFE, according to agerpres.ro.

This intention was announced by Saikawa, CEO of Nissan Motor, at a meeting with the automaker's employees, according to the Japanese Kyodo News Agency, citing company sources.

Kyodo mentions that Saikawa believes that the current alliance with Renault is "not peer-to-peer".

Nissan's ability to revise this alliance was suggested at a meeting with employees, some of whom were videoconferences, according to NHK Television.

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The announcement came a week after Nissan and Renault President Carlos Ghosn were arrested in Tokyo for alleged irregularities in reporting their income.

Ghosn, 64, from Nissan at Nissan, is the main architect of the alliance that has united Nissan and Renault for about two decades. Mitsubishi then joined when Nissan became the largest shareholder.

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At present, Renault controls 43% of Nissan Motor shares, compared to 15% in Japan. Renault has the right to vote on the Nissan Motor Board, but the Japanese company does not have French.

Saikawa was named after Nissan after the arrest of Ghosn and the subsequent dismissal of Nissan Motor's president last Thursday.

In this context, Saikawa claimed that the arrest of Ghosn should not affect the alliance with Renault.

"The Alliance will not be affected," said Saikawa a week ago.

On Thursday, the Nissan Motor Board decided to maintain the "bet" on this alliance and reiterated the need to "minimize the potential impact" of Ghosn's arrest.

This week, a meeting of senior Nissan, Renault and Mitsubishi officials is scheduled in Amsterdam to look into the future of the alliance.

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