Deals
Renault-Nissan Ties Get Even Shakier
- France hints at lowering Renault stake, Nissan wants full exit
- Renault may not vote for governance changes planned by Nissan
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Renault SA’s alliance with Nissan Motor Co., already stressed by the Carlos Ghosn affair and a failed merger proposal by Fiat Chrysler Automobiles NV, lurched toward a new crisis after developments over the weekend highlighted the deep divide between the two-decade partners.
The government of France -- Renault’s most powerful shareholder -- extended an apparent olive branch on Saturday when Finance Minister Bruno Le Maire said during his G-20 trip to Fukuoka, Japan, that the state is willing to reduce its 15% stake in the French automaker if such a move would strengthen the alliance.