- FRENCH President Emmanuel Macron said “nothing justifies” changing the cross-shareholding structure between Renault SA and Nissan Motor Co, underscoring the difficulty the Japanese carmaker has had in its efforts to reduce its partner’s influence over their global car alliance.
- The French state is Renault’s most powerful shareholder and its presence on the board has long created friction with Nissan.
- Renault chairman Jean-Dominique Senard, who is travelling with Mr Macron, has pushed for a merger with Nissan.