By on November 13, 2015

Renault Fluence Z.E. and Nissan Leaf Circa 2013

The battle between Nissan and the French government over the former’s voting stake in the Renault-Nissan Alliance continues on.

This month, after temporarily raising its stake to 19.7 percent, the French government cut back its stake to around 15 percent, which is still enough voting power under the Florange Law to block anything it didn’t like from Nissan and its allies during shareholder meetings.

However, second-in-command at Nissan, Chief Competitive Officer Hiroto Saikawa, expressed it wasn’t enough to go back to “the situation of seven months ago,” desiring “a better balance between the two companies,” a source told Reuters.

Instead, Nissan responded to the draw-down with a proposal establishing a “better-balanced” 25-percent/35-percent crossed shareholding, with Nissan finally having a say after 16 years of merely owning a piece of the company which rescued it from death back in 1999.

(Read More…)

Recent Comments

  • CaptainObvious: I well remember the days of replacing stock radios and speakers. The choice of coaxial, triaxial, or...
  • MiataReallyIsTheAnswer: I had three of them, all LSC’s. Wonderful cars!
  • Luke42: @Inside Looking Out: “So American made means both USA and Canada? If yes why Mexico is not...
  • Luke42: It’s a global business. People still seem surprised by this.
  • slavuta: krhodes1, nice try. Let me tell you -tool calibration. I wouldn’t trust …

New Car Research

Get a Free Dealer Quote

Who We Are

  • Matthew Guy
  • Timothy Cain
  • Adam Tonge
  • Bozi Tatarevic
  • Chris Tonn
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber