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Nissan 's board vote to dismiss Ghosn as president on Thursday marked a firm line of conduct under his leadership of the nearly two – decade – old alliance.
"I will be careful to ensure our stability and remain focused on our missions in order to preserve Renault's interests and the sustainability of the alliance," said Thierry Bollore, Ghosn substitute at Renault after the arrest of the company. Japanese industrial star in Japan. a video to the shareholders.
The ownership structure of Renault, Nissan and Mitsubishi, which was incorporated into the alliance in 2016, has become a source of tension alongside the withdrawal of Ghosn. Nissan is unhappy with what it considers to be a junior partner status.
Renault holds a 43.4% stake in Nissan, while Nissan holds only 15% of Renault's non-voting shares. Yet, Nissan sales are 60% larger than those of the French manufacturer.
The relationship is further complicated by the role of the French State, which holds 15% of Renault's capital and enjoys double voting rights.
Ghosn and former representative of Nissan's representative, Greg Kelly, are under investigation for alleged conspiracy to underestimate Ghosn's compensation over five years from the date Fiscal year 2010 of about half of 9.998 billion yen ($ 88.9 million).
On Friday, the Asahi newspaper announced that Japanese prosecutors would start a new criminal case against Ghosn for underestimating his compensation of 3 billion yen ($ 27.0 million) over three years from fiscal year 2015 .
Following the spectacular fall of Ghosn, French and Japanese ministers reaffirmed their support for the Renault-Nissan alliance, extended to Mitsubishi in 2016.
"Our group is perfectly organized to ensure the continuity of the company's business," said Bollore.
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