© Reuters. FILE Image: The logos of car or truck brands Nissan and Renault are pictured at a dealership Kyiv, Ukraine June 25, 2020. REUTERS/Valentyn Ogirenko
TOKYO (Reuters) – The romance among Japan’s Nissan (OTC:) Motor Co and prime shareholder Renault SA (OTC:) must be “more equivalent”, the newspaper quoted the French automaker’s chief government as saying.
“This is not a person aspect shedding and the other side successful,” the newspaper quoted Luca de Meo as indicating in an job interview, which took area in France on Monday.
“Each individual corporation desires to do what is finest,” he told the Nikkei, including that that was the spirit of their alliance.
Renault (EPA:) is Nissan’s greatest shareholder with 43% whilst the Japanese automaker owns 15% in its partner.
The two companies claimed very last 7 days they had been in talks about a new period in their partnership that could include things like Nissan investing in a new electric powered auto enterprise Renault designs to carve out from its enterprise.
These types of a change could imply the major reset in their relationship since the 2018 arrest of longtime govt Carlos Ghosn. Talks so far have integrated thing to consider of Renault offering some of its Nissan stake, Reuters has beforehand reported.
For Nissan, that could mean a probability to alter a composition that lots of executives at the Japanese company have viewed as unbalanced.