Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Nissan says CEO did not mention need to review alliance equity structure

November 26, 2018 7:19 AM
101 0

TOKYO (Reuters) - Nissan Motor Co said Chief Executive Officer Hiroto Saikawa did not mention a need to review the automaker’s equity partnership with French partner Renault SA at a town hall meeting he held with staff on Monday morning.

Nissan made the comment after the Nikkei business daily quoted Saikawa as telling employees that Nissan’s “tie-up relationship with Renault was not on an equal basis”, noting that Renault owns 43 percent of Nissan, while the Japanese firm holds a non-voting 15 percent in Renault.

Read more

Share in social networks:

Comments - 0