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French Government Seeks Integration of Renault and Nissan Automakers

Accepted submission by takyon at 2019-01-20 19:06:27
Business

Paris informs Tokyo it wants Renault and Nissan to integrate [cnbc.com]

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.

Previously: Nissan Motor Chairman and Others Set to be Indicted [soylentnews.org]


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