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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: 2) by arslan on Monday January 21 2019, @04:39AM (1 child)
Given Renault owns a majority stake in Nissan, answering that question is probably not the driver for Renault; the question would be more like "What's in it for Renault?"
This is an interesting move, makes the conspiracy theory of the arrest a signal from the Japs to the Frenchies to back-off seems more realistic. Now the Frenchies are calling their raise.
(Score: 0) by Anonymous Coward on Monday January 21 2019, @04:57AM
Maybe they're just really annoyed with Frenchies making a mess in Japan. MtGOX's chief Mark Karpelès is out on bail in Japan, still waiting to be tried himself.