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Paris informs Tokyo that it wants Renault and Nissan to integrate: Nikkei



Logos of car manufacturers Renault and Nissan are seen in front of the general dealer of Saint-Avold, France, January 1

5, 2019 Reuters / Christian Hartman

TOKYO (Reuters) – A delegation of the French government informs Tokyo that it will seek to integrate Renault RENA.PA ) and Nissan ( 7201.T ), most likely under the auspices of a holding company, Nikkei announced on Sunday . The delegation, which includes Renault's Renault director Martin Vial, also said he wants to name the next Nissan chairman, according to the report. Nissan was not immediately available for comment.

Former Nissan President Carlos Gosn, arrested and detained in Tokyo on November 19th, was charged in Japan on charges of inadequate reporting of his salary for eight years to March 2018, and a temporary transfer of personal investment losses to Nissan during a global financial crisis. Ghosn denied all charges.

The French government asked Renault to hold a council meeting in the coming days to replace Ghosn. Finance Minister Bruno Le Mourne said in a newspaper interview published on Sunday that Chief Executive Jean-Dominique Surard might be a good choice to head Reno (19459017) MICP.PA .

"The French State, as a shareholder, will have the word. What I can tell you is that Jean-Dominique Surard has some competence in the automotive industry, "Le Maire told the Journal du Dimanche.

Reporting by Takashi Umekava; Editing by Michael Perry

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