Deals
Renault Names Bollore Interim CEO as Nissan Tension Deepens
- While Renault stands by CEO, Nissan to vote on ousting Ghosn
- Architect of the three-way alliance being detained in Japan
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Tensions between Nissan Motor Co. and Renault SA over the future of their car-making partnership have exploded into the open as the downfall of Chairman Carlos Ghosn roils the automotive industry and his top lieutenant, Hiroto Saikawa, moves to consolidate power in his absence.
The two companies, which are connected via a complex structure of cross-shareholdings and joint manufacturing, have drastically differed in their reactions to Ghosn’s arrest in Japan on suspicion of financial offenses.