The Traderszone Network

Published in TZ Latest News 6 December, 2015 by The TZ Newswire Staff

Renault and France at loggerheads as board clash looms

Renault is drawing up proposals to relinquish some power over alliance partner Nissan, sources said, and will on Monday begin shoring up boardroom support in the final days before a likely clash with the French government. Renault remains on collision course with France, its biggest shareholder, in a dispute that erupted in April when Economy Minister Emmanuel Macron raised the government’s stake in the carmaker to secure double voting rights.

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