The French government has asked Japan to accept a possible merger between Renault SA and Nissan Motor Co. after the arrest of Carlos Ghosn, who ruled the Union of Car Manufacturers, sources close to the issue, said on Sunday
which came during the talks between French and Japanese representatives in Tokyo, reflects the desire of President Emanuel Macron, the source said. A delegation, including Martin Vial, director of Renault, appointed by the French government, visited the Japanese officials to discuss the plans.
The French government is Renault's biggest stakeholder.
Last month, Macron held talks with Prime Minister Shinzo Abe, in which they only agreed to secure a stable relationship within a tripartite alliance that includes Japanese Mitsubishi Motors Corp.
Nissan is believed to hope to diminish the influence of the French partner on his government and to review the union. Ghosn was arrested in November and accused of claiming he did not declare his indemnity in Nissan's financial statements, along with other charges. as President, while saying that he did not have enough checks on his authority during his two-decade reign. Two months after Gosn's arrest, the Japanese automaker judged the abolition of the role of chairman as he accelerated reforms to restore his government.
Gosn planned a merger between two carmakers before detaining him.
The tension between Nissan and Renault is increasing. their respective powers within the meeting rooms of others. Thanks to the complex cross-share, Renault owns 43% of Nissan, which in turn owns 1
Renault announced last month that it plans to appoint a new Nissan board director and protect the power in their union. 19659002] "Renault wants to exercise its ability to name its directors and this will be done at a shareholders meeting," he said in an interview with BFM Business Vial, who is also the head of the agency that holds the French government's affair. 19659002] Earlier, Nissan Chief Executive Officer Hiroto Saikawa rejected the French automaker's request for a meeting of all shareholders to discuss Nissan's management, something he should do to change his boarding.