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France Backs Ghosn's Renewal as CEO of Renault

  • The government is attaching conditions to its support
  • Official says it wants Nissan integration, succession plan
Carlos Ghosn
Carlos GhosnPhotographer: Marlene Awaad/Bloomberg
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France is ready to back the renewal of Carlos Ghosn as chief executive officer of carmaker Renault SA -- but with some strings attached.

The government wants Ghosn to prepare a road map by June on how to better integrate an alliance with longtime partner Nissan Motor Co. as well as coming up with a progressive succession plan, said an economy ministry official, who asked not to be identified in line with policy. France holds a 15 percent stake in Renault.