The Traderszone Network

Published in TZ Latest News 17 May, 2015 by The TZ Newswire Staff

Nissan CEO says no need to change Renault alliance after French government ups stake

Nissan Motor Co Ltd CEO Carlos Ghosn said on Monday he did not think there was any need to change the automaker’s capital alliance with Renault (RENA.PA) at present after France raised its stake and voting rights in Renault last month. The government of France, which owns almost 20 percent of Renault, has said it wants to safeguard French interests at the automaker, which is deepening its ties with Nissan.