© Reuters. FILE Picture: The logos of car or truck companies Nissan and Renault are pictured at a dealership Kyiv, Ukraine June 25, 2020. REUTERS/Valentyn Ogirenko
TOKYO (Reuters) – The relationship amongst Japan’s Nissan (OTC:) Motor Co and best shareholder Renault SA (OTC:) should be “a lot more equal”, the newspaper quoted the French automaker’s chief executive as stating.
“This is not a single side losing and the other aspect profitable,” the newspaper quoted Luca de Meo as saying in an interview, which took put in France on Monday.
“Every single corporation demands to do what is very best,” he told the Nikkei, adding that that was the spirit of their alliance.
Renault (EPA:) is Nissan’s premier shareholder with 43% whilst the Japanese automaker owns 15% in its partner.
The two companies stated past 7 days they had been in talks about a new stage in their partnership that could incorporate Nissan investing in a new electric vehicle undertaking Renault strategies to carve out from its small business.
These a change could mean the most significant reset in their romantic relationship since the 2018 arrest of longtime govt Carlos Ghosn. Talks so far have involved consideration of Renault offering some of its Nissan stake, Reuters has previously reported.
For Nissan, that could indicate a chance to change a framework that numerous executives at the Japanese business have seen as unbalanced.