Renault and Nissan

Renault and Nissan - According to Japanese media France is pushing for a merger between Renault and Nissan, following the arrest of the former Nissan chairman, Carlos Ghosn, whom Paris also wants replaced as Renault CEO. 64-year-old Ghosn headed the powerful Nissan-Mitsubishi-Renault alliance before his arrest in November on charges of financial misconduct. News reported on Sunday that a delegation including Martin Vial – a Renault director designated by the French government – made the merger request at talks with Japanese officials in Tokyo. The French government is the biggest shareholder in Renault with a stake of more than 15 percent, while Renault owns 43.4 percent of the Japanese carmaker Nissan with voting rights.

Renault and Nissan - According to Japanese media France is pushing for a merger between Renault and Nissan, following the arrest of the former Nissan chairman, Carlos Ghosn, whom Paris also wants replaced as Renault CEO. 64-year-old Ghosn headed the powerful Nissan-Mitsubishi-Renault alliance before his arrest in November on charges of financial misconduct. News reported on Sunday that a delegation including Martin Vial – a Renault director designated by the French government – made the merger request at talks with Japanese officials in Tokyo. The French government is the biggest shareholder in Renault with a stake of more than 15 percent, while Renault owns 43.4 percent of the Japanese carmaker Nissan with voting rights.

Last local news

Monaco Updates - 22nd April

This week, find out more about the Historic Monaco Grand Prix.  Monaco Updates - 22nd April Read More

22/04/2021

Several products recalled by French supermarkets

Several French supermarkets have recalled several pasta, rice, prawns and couscous products for health reasons.... Several products recalled by French supermarkets Read More

22/04/2021

French and Riviera News Thursday 22nd April 2021

French Prime Minister Jean Castex is to hold a press conference this evening at 6pm to outline the gradual lifting of restrictions as planned by the g... French and Riviera News Thursday 22nd April 2021 Read More

22/04/2021

Evening Update Wednesday 21st April 2021

With just over two weeks left of confinement, plans are being put in place to slowly re-open the Cote d’Azur and the country as a whole. From the begi... Evening Update Wednesday 21st April 2021 Read More

21/04/2021