Wednesday , September 28 2022

France does not want to change the distribution of power "kleinezeitung.at



[ad_1]

After the fall of Carlos Ghosn, the carmaker in Japan, France is dealing with the distribution of power in the car alliance between Renault and Nissan.

23:22, November 27, 2018

© (c) APA / AFP / KAZUHIRO NOGI (KAZUHIRO NOGI)

"The Renault general manager must remain President of the Alliance," the Minister of Economy and Finance asked Bruno Le Maire Tuesday in the LCI transmitter. "I do not want to be a change of power balance between Renault and Nissan," Le Maire said. His word has a share in Paris, because the French state holds a 15% stake in Renault.

Ghosn was arrested in Tokyo on November 19 for violating Japan's stock market regulations. On Thursday, 64, he was dismissed by Nissan as chairman of the board of directors, followed Monday after being fired at Mitsubishi Motors.

Commissary leadership

Renault is involved in 43.4% of Nissan, and the Japanese in turn to 34% of Mitsubishi. Nissan, in turn, holds a 15% stake in the French car company, but has no voting rights.

Renault has already given provisional leadership last week. Le Maire had said that Ghosn was not able to run the company at present. Top manager Thierry Bolloré is temporarily CEO, but Ghosn has officially remained president and CEO. However, the native Brazilian is unlikely to be on Renault's long-term peak, if the charges against him should prove true.


[ad_2]
Source link