Saturday , December 4 2021

Interim Renault: I will protect our interests in the Nissan Alliance


PARIS (Reuters) – Renault's (RENA.PA) interim deputy chief assertion that he protects the carmaker's interests in its alliance with Nissan Motor Co (7201.T), following the rebellion of Carlos Ghosn as president of Nissan on financial misconduct ratings.

Renault's chief manager Thierry Bollore discusses a new conferences on the situation with Renault, in the Bercy Finance Ministry in Paris, France, November 21, 2018. REUTERS / Christian Hartmann / File Photo

The state of Nissan State to Ghosn as chairman on Thursday stood a fixed line under his stewardship of # 39; about two-year-old allies.

"I will ensure that we maintain our stability and stay focused on our mission to preserve the interests of Renault and the sustainability of the alliance, Thierry Bollore, known as Ghosn's stand-in Renault After the arrest in India in Japan, said in a video to shareholders.

The participant structure under Renault, Nissan and Mitsubishi, launched in 2016 in the alliance, is a source of tension, along with deleting Ghosn, with Nissan unhappy with what it looks like as a junior junior partner.

Renault has 43.4 percent of Nissan, while Nissan has only a 15 percent non-target in Renault. However, Nissan is 60% larger than the French automaker by selling.

The relationship is still complicated by the role of French state, which holds 15 percent of Renault and has double rights.

Ghosn and former director Nissan director Greg Kelly has been surveyed on a continuous approach to earning the compensation of Ghosn more than five years from fiscal 2010 by almost half of # The actual 9,998 billion yen ($ 88.9 million).

On Friday, the Asahi newspaper reported that Japanese entrepreneurs as soon as possible to build a new criminal case against Ghosn to compensate for its compensation by 3 billion yen ($ 27.0 million) over three years of fiscal 2015.

In Ghosn's spectacular factions, French and Japanese government services support the Renault Nissan Alliance, which is expanding in 2016 to teach Mitsubishi.

"Our group is perfectly organized to ensure the continuity of the company," said Bollore.

Report of Richard Lough; Editing by Luke Baker

Our Standards:Thomson Reuters Trust Principles.
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