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from the we-should-get-together-some-time dept.
Paris informs Tokyo it wants Renault and Nissan to integrate[*]
A French government delegation has informed Tokyo that it would seek an integration of Renault and Nissan, most likely under the umbrella of a single holding company, the Nikkei reported on Sunday.
The delegation, which included French government-designated Renault director Martin Vial, also said that it wanted to name Nissan's next chairman, according to the report. Nissan was not immediately available for comment.
Nissan ex-chairman Carlos Ghosn, arrested and detained in Tokyo since Nov. 19, has been indicted in Japan on charges of under-reporting his salary for eight years through March 2018, and temporarily transferring personal investment losses to Nissan during the global financial crisis. Ghosn has denied all charges.
[*] Noscript caused issues for me; same story can be found at U.S. News & World Report.
Previously: Nissan Motor Chairman and Others Set to be Indicted
(Score: 1) by khallow on Monday January 21 2019, @01:58PM
There's always conflict of interest unless the major stakeholder is the only stakeholder and doesn't have any obligations, like say, governing France, that would conflict with the company's goals (I'm not too concerned about the company being compromised in that situation, but rather the other obligation, France being compromised for Renault's benefit, for a current example, by using some of France's diplomatic capital for a petty business maneuver). These sorts of games is a big part of the reason why I don't think government should own part of the private world. Renault's poor reputation (mentioned earlier) is also probably in part due to ongoing government interference. That's another reason.