Renault Rift with Nissan Widens
June 10, 2019âRenault on Monday signaled it would block Nissan from formally adopting an overhauled governance structure at a June 25 shareholder meeting - unless Renault received representation on new Nissan committees, reported Reuters.
Nissan responded by calling the demand âmost regrettableâ.
The rift illustrates the deep strain between the two automakers, whose alliance has been under pressure since the arrest of former chairman Carlos Ghosn in November. Whatâs at stake now may be even bigger than their vast alliance, which includes Mitsubishi Motors.
Renault and Fiat Chrysler Automobiles (FCA) are looking for ways to resuscitate their collapsed merger plan and secure Nissanâs approval for that deal, Reuters reported.
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