Nissan Faces Likely Decrease in Influence over Renault
Tokyo, May 20 (Jiji Press)--Nissan Motor Co. <7201> faces a likely decrease in its influence over its French partner, Renault SA, due to its deteriorating performance.
The Japanese automaker is working out a new business strategy to replace the expansionary policy of ousted Chairman Carlos Ghosn, six months after his first arrest.
Renault, watching carefully for an opportunity to integrate its management with Nissan, is likely to step up its pressure on the partner.
"We couldn't focus on business, including our partnership with Renault, because the scandal happened suddenly last year," Nissan President Hiroto Saikawa told a press conference Tuesday, stressing the impact of the alleged financial misconduct by Ghosn.
Just after the arrest of Ghosn, who was the top leader in the alliance, Nissan and Renault confronted each other for leadership.
[Copyright The Jiji Press, Ltd.]