Carlos Ghosn, the chief executive officer of Nissan Motor Co. and Renault SA, said there’s no immediate need to change the structure of the two carmakers’ alliance, after the French government raised its voting rights in Renault.
“You need to have a strong reason, a strong strategic reason or a strong operational reason, to make the change,” Ghosn said Monday in Yokohama, Japan.
Ghosn last month lost a clash with French Economy Minister Emmanuel Macron, failing to block a French law that provides double-voting rights for long-term shareholders. Ghosn has previously said there’s concern that the law could affect the balance of the 16-year-old Renault-Nissan alliance.
The alliance is “very stable,” and the two companies are “extremely cautious” to make sure operations aren’t affected by the changes, Ghosn said.
The French government and Nissan each owns 15 percent of Renault. While the government’s share comes with voting rights, Nissan holds no voting rights in its French partner.