RNLSY - Renault SA

Other OTC - Other OTC Delayed Price. Currency in USD
12.60
-0.13 (-1.06%)
At close: 3:46PM EDT
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Previous Close12.73
Open12.64
Bid0.00 x 0
Ask0.00 x 0
Day's Range12.57 - 12.67
52 Week Range11.03 - 18.45
Volume35,562
Avg. Volume78,435
Market Cap16.685B
Beta (3Y Monthly)1.20
PE Ratio (TTM)3.16
EPS (TTM)3.98
Earnings DateN/A
Forward Dividend & Yield0.80 (6.44%)
Ex-Dividend Date2019-06-14
1y Target EstN/A
Trade prices are not sourced from all markets
  • Financial Times45 minutes ago

    Nissan AGM turns spotlight on unresolved alliance strains

    Nissan shareholders laid bare the unresolved crisis between their company and its French partner Renault on Tuesday, forcing the head of the Japanese carmaker to admit the need for critical talks on the capital structure and future of the alliance. The remarks by Nissan chief executive Hiroto Saikawa punctuated a full-throated annual general shareholders’ meeting that was the first the company has held since the arrest in November of its former chairman, Carlos Ghosn, on financial misconduct charges. High in the minds of many Nissan investors was the last-minute crisis created two weeks ago when Jean-Dominique Senard, Renault’s chairman, threatened that the French company would abstain in the pivotal vote that would create a new governance structure converting Nissan to a three-committee board system.

  • Bloomberg4 hours ago

    Nissan Vows to Mend Renault Alliance as New Board Is Voted In

    (Bloomberg) -- Nissan Motor Co. pledged to put more focus on mending its troubled two-decade alliance with Renault SA as the Japanese carmaker’s shareholders voted to give the French partner more say over its future.At Nissan’s annual meeting in Yokohama, shareholders approved a governance structure designed to boost oversight and prevent the concentration of corporate power in one individual, seeking to address the lapses that led to the arrest of former chairman Carlos Ghosn. Renault, which owns 43% of Nissan, got a bigger representation in key board committees.Chief Executive Officer Hiroto Saikawa, who got his position reaffirmed though he hinted at a potential exit in the future, emphasized the Renault alliance’s value and signaled that Nissan will speed up talks to strengthen it. That’s a change of stance from the past few months, when Nissan insisted that getting its own internal business in order was a top priority.“Postponing the talks could result in speculation and undermine the alliance’s day-to-day operations and affect Nissan’s recovery efforts,” Saikawa said. “It is critical to create opportunities with Renault to discuss our future relationship while we continue to improve our performance.”Ghosn’s arrest late last year fractured the carmakers’ partnership, and Nissan’s failure to support a proposed merger between Renault and Fiat Chrysler Automobiles NV this month put more strain on the pact. Saikawa reiterated that he isn’t in favor of a merger between Nissan and Renault, and said an “imbalance” in the companies’ cross-shareholdings needs to be addressed -- Nissan only owns 15% of its French partner.“Having an alliance definitely increases our competitiveness, and the challenge is how to define the alliance,” Saikawa said.New OversightShareholders approved creating three board committees: nomination, audit and compensation. Renault CEO Thierry Bollore will be on the audit committee and Renault Chairman Jean-Dominique Senard on the nomination committee -- key positions at the heart of decision-making. The nomination committee will be overseen by Masakazu Toyoda, the lead, independent outside director.A majority of the new board isn’t affiliated with Nissan, with new directors including the chairman of Nihon Michelin Tire Co. and the former head of Sony Interactive Entertainment. Yasushi Kimura, an adviser to oil company JXTG Holdings Inc., will be chairman and Senard will be vice chairman. Outgoing directors include Nissan veteran Toshiyuki Shiga, who once was Ghosn’s right-hand man.With fewer Nissan insiders, the new board potentially could take a more benign view on any attempt by Renault to resume deal talks with Fiat. The European carmakers’ talks ended in early June after a last-minute intervention by the French government, which suggested the deal was being rushed and that more time was needed to gain Nissan’s approval.Senard, speaking at the Nissan shareholder meeting, said a deal between Fiat and Renault would also have been beneficial for Nissan. There was “no aggression against Nissan,” he said.Saikawa, Ghosn’s protege-turned-accuser, held on to his job thanks to Renault’s support. He faced shareholder criticism for not reacting to Ghosn’s alleged wrongdoing early on, with some calling for his resignation at Tuesday’s event.The 65-year-old CEO said he isn’t in a position to say when a successor will be named for him, but wants the nomination committee to speed up a search for one.\--With assistance from Kae Inoue.To contact the reporters on this story: Ma Jie in Tokyo at jma124@bloomberg.net;Grace Huang in Tokyo at xhuang66@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Ville Heiskanen, Ken McCallumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters8 hours ago

    UPDATE 5-With job intact, Nissan's CEO pins Renault alliance on mutual respect, flags inequality risk

    Nissan Motor Co Ltd on Tuesday threw cold water on hopes for a quick fix to strained relations with France's Renault SA, saying inequality between the partners could unravel their two-decade-old automaking alliance. Speaking at Nissan's annual general meeting in Yokohama, Chief Executive Hiroto Saikawa said he wanted to preserve the spirit of equality - in an alliance whose shareholding structure Nissan has long seen as lopsided. During a three-hour affair peppered with heckling, shareholders returned Saikawa to the automaker's board as widely expected and in defiance of opposition from proxy advisors.

  • What to Watch for at Nissan Post-Ghosn Annual Meeting
    Bloomberg9 hours ago

    What to Watch for at Nissan Post-Ghosn Annual Meeting

    (Bloomberg) -- Nissan Motor Co. shareholders will vote in a new board and director committees Tuesday, decisions that will shape the company’s troubled relationship with Renault SA and impact whether the French company revives its deal with Fiat Chrysler Automobiles NV.The Japanese carmaker’s proposed new governance structure is designed to boost oversight and prevent the concentration of corporate power in one individual, seeking to address the lapses that led to the arrest of former chairman Carlos Ghosn for financial crimes while at the company.Ghosn’s downfall triggered tumult at Nissan. The company reported its lowest profit in a decade last month and has lost a quarter of its market value. Ties with its ally of more than two decades have been strained after Nissan kept the investigation into Ghosn from Renault until his arrest. The alliance has been further tested by Nissan’s reluctance to support a merger between the French company and Fiat.Here are the key points to watch out for at Tuesday’s annual shareholders’ meeting:Committee Musical ChairsThe central task for the meeting, being held at a hotel in Yokohama, is to approve the creation of three board committees: nomination, audit and compensation. The structure is based on recommendations made in March by a governance panel empowered by Nissan to put forth board changes.The proposal was thrown into doubt this month, when Renault Chairman Jean-Dominique Senard threatened to withhold support for the reforms unless Renault secured more representation within the committees. Renault’s 43% stake in Nissan gives it a lot of say because decisions such as board appointments require a simple majority to pass.Nissan acquiesced and agreed to give Renault more seats, offering Renault Chief Executive Officer Thierry Bollore a place on the audit committee and Senard a position on the nomination committee -- key positions at the heart of decision making. The nomination committee will be chaired by Masakazu Toyoda, the lead independent outside director.New Faces on the BoardShareholders will also decide on the new board lineup. In line with the panel’s recommendation, a majority of the nominees are not affiliated with Nissan, including the former head of Sony Interactive Entertainment and the chairman of Nihon Michelin Tire Co.Yasushi Kimura, an adviser to oil company JXTG Holdings Inc., will chair the board and Senard will become the vice-chair. Outgoing directors include Nissan veteran Toshiyuki Shiga, who was once Ghosn’s right-hand man.A board with fewer Nissan insiders could potentially take a more benign view on any attempt by Renault to resume deal talks with Fiat. The European carmakers’ talks ended in early June after a last-minute intervention by the French government, which suggested the deal was being rushed and that more time was needed to gain Nissan’s approval.CEO Saikawa’s FutureNissan CEO Hiroto Saikawa, Ghosn’s protege-turned-accuser, will face criticism and scrutiny by the board and shareholders, yet he’s likely to hold on to his job thanks to Renault’s support. Under an alliance agreement revised in 2015, Renault is obliged to stand by Nissan in management decisions, including board nominations.Saikawa has had to face questions about why he didn’t spot Ghosn’s alleged wrongdoing early on, and in April stockholders asked why he wasn’t stepping down to take responsibility for Nissan’s poor governance. On Monday, Saikawa was due to be questioned by the board about allegations by a former senior executive that he broke company rules to pay for a house in Tokyo.The Nissan governance panel decided to recommend that Saikawa stay on mainly because the company needs a certain level of management consistency, according to Keiko Ihara, an external Nissan board director and a member of the panel. Saikawa has also agreed to cut his compensation by half to take responsibility for the Ghosn scandal.(Corrects the amount of votes needed for decisions in sixth paragraph.)To contact the reporter on this story: Ma Jie in Tokyo at jma124@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Reed Stevenson, Ville HeiskanenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Nissan shareholders set to back CEO Saikawa amid fraying ties with Renault
    Reutersyesterday

    Nissan shareholders set to back CEO Saikawa amid fraying ties with Renault

    Nissan Motor shareholders are widely expected to back Chief Executive Hiroto Saikawa at an annual general meeting on Tuesday, extending his tumultuous tenure at an automaker shaken by scandal and the loss of trust with alliance partner Renault. Japan's second-largest carmaker on Tuesday will hold its first annual shareholders meeting since the ouster of former Chairman Carlos Ghosn last year, and just days after Saikawa resolved a highly publicized tussle with top shareholder Renault over Nissan's corporate governance reforms. The partnership hit a new low this month when Renault demanded that its chairman and chief executive be appointed to newly formed governance committees at Nissan.

  • Waymo Just Partnered With Renault and Nissan to Research Driverless Mobility Services
    Motley Fool3 days ago

    Waymo Just Partnered With Renault and Nissan to Research Driverless Mobility Services

    Waymo's latest move is a first step toward releasing its driverless-vehicle tech abroad.

  • Japan Played a Hidden Role in Breakdown of Fiat-Renault Deal
    Bloomberg4 days ago

    Japan Played a Hidden Role in Breakdown of Fiat-Renault Deal

    (Bloomberg) -- The Japanese government played a role in the breakdown of merger talks between Renault SA and Fiat Chrysler Automobiles NV earlier this month, weighing in with concerns the combination could harm Nissan Motor Co., people familiar with the matter said.Japan signaled its misgivings over the deal to the French government, said the people, asking not to be identified speaking about the negotiations. France -- Renault’s most powerful shareholder -- then sought a pause in the talks for more time to win Nissan’s support, provoking Fiat to withdraw its offer.Details on Japan’s role, only emerging now, highlight the obstacles to a quick resumption in merger negotiations between Renault and its Italo-American rival. They also show that France and Japan can find common ground to protect their carmakers and the two-decade Renault-Nissan alliance.A spokesman for Japan’s ministry of economy, trade and industry declined to comment, as did a spokesman for the French finance ministry. Representatives for Renault and Nissan also declined to comment.Renault and the French state are now focusing on repairing the relationship with Nissan, under strain since the November arrest of Carlos Ghosn, who oversaw both companies and their partnership. Tensions escalated further when Renault’s new chairman, Jean-Dominique Senard, pressed Nissan for a merger it didn’t want, then pursued the Fiat deal without telling the Japanese company.Relations touched a new low earlier this month when Senard threatened to block Nissan’s new governance plan at its annual shareholders meeting. An accord Thursday put an end to the spat over boardroom powers, easing tensions for now.Heading into the pivotal June 5 Renault board meeting, Senard and Fiat Chairman John Elkann were pushing for quick approval of the French-Italian tie-up.Nissan had been cool to the Fiat-Renault deal since it first learned of the talks, people familiar with the matter said. But rather than come out against it openly, the Japanese company’s representatives on Renault’s board choose to signal their opposition with an abstention, the people said. Dialogue with Japanese officials helped their French counterparts understand Nissan’s position, prompting France to put the brakes on the deal.While CEO Hiroto Saikawa had pledged to protect Nissan’s interests, the company didn’t ask METI to intervene with the French government, according to a person familiar with the matter. French Finance Minister Bruno Le Maire has said that Nissan’s plan to abstain on the Renault-Fiat vote drove his decision to seek a delay.The last-minute move by Le Maire to pause the Renault-Fiat talks won him praise from some Nissan insiders. The Fiat proposal was seen by some at Nissan as a way of getting control of the company and its key technologies and to benefit from its presence in the U.S. and China -- all on the cheap. Renault owns 43% of Nissan and their operations are so intertwined that the deal would have had deep implications for the Japanese partner, the insiders said.\--With assistance from Ma Jie and Emi Nobuhiro.To contact the reporters on this story: Ania Nussbaum in Paris at anussbaum5@bloomberg.net;Kae Inoue in Tokyo at kinoue@bloomberg.net;Geraldine Amiel in Paris at gamiel@bloomberg.netTo contact the editors responsible for this story: Tara Patel at tpatel2@bloomberg.net, ;Anthony Palazzo at apalazzo@bloomberg.net, Frank ConnellyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Renault and Partner Nissan Reach Accord Over Board Dispute
    Bloomberg5 days ago

    Renault and Partner Nissan Reach Accord Over Board Dispute

    (Bloomberg) -- Renault SA welcomed a decision by partner Nissan Motor Co. granting the French carmaker a seat on its board committees, signaling an end to a dispute that has poisoned the world’s largest auto alliance.The accord could help mend relations, which plumbed to new depths after Renault Chairman Jean-Dominique Senard threatened to abstain from voting on a governance plan at Nissan’s annual meeting next week. His demand for more committee representation came shortly after Nissan failed to support a merger between Renault and Fiat Chrysler Automobiles NV.The Japanese company will give Renault CEO Thierry Bollore a seat on the board’s audit committee and Senard a position on the nomination committee — key positions at the heart of decision making, Nissan said in a statement Friday. Renault now expects to support Nissan’s resolutions during the investor meeting on June 25, people familiar with the matter said, asking not to be identified discussing the negotiations.“The agreement reached on Renault’s presence in Nissan’s new governance confirms the spirit of dialogue and mutual respect that exists within the alliance,” Renault said in a statement.Yasushi Kimura, an adviser to oil company JXTG Holdings Inc. will chair the board and Senard will become the vice-chair. The nomination committee will be chaired by Masakazu Toyoda, the lead independent outside director.The concessions from Nissan to let Renault’s CEO on the audit committee came with strings attached. The Japanese automaker is placing restrictions on Bollore’s role in areas where the two companies might have a conflict of interest, people familiar with the matter said.No ChoiceWhile tensions between the partners have never been higher, both sides have indicated they have little choice but to patch up their two-decade alliance. The partnership has proven one of the most successful among automakers, generating 5.7 billion euros ($6.4 billion) in savings from manufacturing, purchasing and engineering in the 2017 financial year, the companies estimate.Yet the alliance has grown increasingly fractious since the November arrest of former leader Carlos Ghosn on accusations of financial misconduct, which he has denied. Nissan’s governance overhaul was largely geared toward improving oversight following the scandal.In the aftermath, a joint audit by the two companies also found transparency breaches and a lack of adequate financial controls at RNBV, the Amsterdam-based company that managed the alliance. Since then, RNBV has been shrunk, its executives re-assigned to their respective companies and common services, such as communications and legal, appear to be dormant.Waymo DealStill, common projects continue to emerge. The three-way alliance, which includes smaller member Mitsubishi Motors Corp., unveiled a partnership on Thursday to explore driverless services in France and Japan with Waymo LLC, the autonomous-vehicle unit of Google parent Alphabet Inc.The lopsided shareholding arrangement between Renault and Nissan has been a long-running source of friction: Renault’s 43% stake in Nissan comes with voting rights, while Nissan’s 15% holding in Renault does not. The role of France, Renault’s most powerful shareholder, has also irked Nissan.Following the abrupt collapse of the merger discussions with Fiat, both Renault and the French state pledged to repair the alliance with Nissan before contemplating a resumption of talks with the Italo-American carmaker. France in particular views securing Nissan’s explicit backing as crucial for the success of a Fiat-Renault combination. Nissan representatives on Renault’s board abstained in an informal vote on the deal last week, leading France to seek a delay.Despite the finger-pointing that followed the failed talks, Renault, Fiat and France left the door ajar for a possible deal as they brace for the costly changes sweeping the industry, such as developing electric and autonomous vehicles.(Updates with company announcement in third graph.)To contact the reporters on this story: Ania Nussbaum in Paris at anussbaum5@bloomberg.net;Ma Jie in Tokyo at jma124@bloomberg.net;Kae Inoue in Tokyo at kinoue@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, ;Kenneth Wong at kwong11@bloomberg.net, Reed StevensonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Why Waymo Just Signed Up With Nissan and Renault
    Motley Fool5 days ago

    Why Waymo Just Signed Up With Nissan and Renault

    The driverless-car leader is going global.

  • Nissan grants Renault execs boardroom seats, ending dispute
    Reuters5 days ago

    Nissan grants Renault execs boardroom seats, ending dispute

    TOKYO/PARIS (Reuters) - Japan's Nissan said on Friday it would grant alliance member Renault's representatives seats on key committees of its board, ending a dispute between the two automakers. Nissan said it will give Renault Chief Executive Thierry Bollore a seat on its board's audit committee and Renault Chairman Jean-Dominique Senard a seat on its nomination committee. The move comes after demands by Senard for representation on the committees in return for approving Nissan's overhauled governance structure plunged the two-decade-old partnership into crisis.

  • Waymo is developing driverless services with Renault and Nissan
    Engadget5 days ago

    Waymo is developing driverless services with Renault and Nissan

    Waymo might make its way to the top of the automotive world with the help of industry giants that chose to team up with the company. The Alphabet subsidiary has just inked a deal with Renault and Nissan to explore the development of driverless mobility services. None of the companies involved revealed details about the project other than the products they do come up with will transport people and deliver goods in France and Japan. According to Reuters , though, the partnership will also explore the development of self-driving cars for the regions. Who knows -- it might even give Waymo the chance to get in on the Tokyo 2020 Olympics robotaxi action.

  • Renault, Nissan join Waymo in exploring driverless services in France, Japan
    Reuters5 days ago

    Renault, Nissan join Waymo in exploring driverless services in France, Japan

    DETROIT/PARIS (Reuters) - French automaker Renault SA, its Japanese partner Nissan Motor Co and tech giant Alphabet Inc's Waymo are exploring a partnership to develop and use self-driving vehicles to transport people and goods in France and Japan, the companies said on Thursday. In Japan, a potential competitor to a Renault-Nissan-Waymo venture would be Monet Technologies, a self-driving project involving Toyota Motor Corp and Honda Motor Co and backed by SoftBank Group Corp. SoftBank and Honda also have invested in General Motors Co's Cruise self-driving car unit.

  • Bloomberg5 days ago

    Waymo to Study Driverless Services With Renault-Nissan Alliance

    (Bloomberg) -- Waymo LLC agreed to explore driverless services with Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp., pairing a leader in self-driving technology with the world’s largest automotive alliance.The three carmakers and Alphabet Inc.’s autonomous-vehicle unit will study market opportunities and research legal and safety issues related to driverless transportation services in France and Japan, the companies said in a statement Thursday. The deal doesn’t extend to cooperation producing robo-vehicles.“We’re convinced that with this added expertise, we’ll be able to position ourselves for autonomous services that are viable for customers,” Hadi Zablit, senior vice president for business development at the Renault-Nissan-Mitsubishi alliance, told reporters in Paris. When it comes to implementation, the three automakers won’t necessarily offer services in common with Waymo, he said.The French-Japanese alliance produced more than 10 million vehicles last year — on a par with the biggest carmakers: Volkswagen AG and Toyota Motor Corp. Unlike Waymo’s previously announced deals with Fiat Chrysler Automobiles NV and Tata Motors Ltd.’s Jaguar Land Rover, the partnership with Renault-Nissan-Mitsubishi doesn’t include supplying any cars.Waymo’s parent company, Alphabet, struck a separate deal with the three-way partnership last September, giving its Google Android operating system access to their vehicle dashboards starting in 2021.The new agreement marks a first step toward developing long-term, profitable driverless-vehicle services for passengers and deliveries, the companies said. While the analysis will take place first in France and Japan, they said it may expand to other markets — excluding China — in the future.Zablit sees deployment of the new mobility services in less than 10 years.For Renault and Nissan, working with Waymo brings expertise as the race to develop autonomous vehicles heats up. It also shows the French and Japanese manufacturers continue to collaborate on key strategic matters, even after their two-decade partnership was shaken by the arrest in November of former leader Carlos Ghosn in Japan over alleged financial improprieties.Tensions escalated after Renault pursued a combination with Fiat without initially telling its Japanese partners. Those merger talks have since ended.To contact the reporter on this story: Ania Nussbaum in Paris at anussbaum5@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Frank Connelly, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters5 days ago

    RPT-Renault CEO Bollore has no plans to reduce Nissan stake

    Cutting its stake in alliance partner Nissan is not on Renault's agenda, the French carmaker's chief executive Thierry Bollore said on Wednesday after a global vehicle launch in New Delhi. Renault and Fiat Chrysler (FCA) are looking for ways to resuscitate a failed merger plan and secure Nissan's approval, Reuters reported this month. As part of the fallout of the collapse of talks, Nissan is poised to urge Renault to significantly cut its 43.4% stake in the Japanese carmaker, two people told Reuters.

  • Renault CEO Bollore has no plans to reduce Nissan stake
    Reuters6 days ago

    Renault CEO Bollore has no plans to reduce Nissan stake

    Cutting its stake in alliance partner Nissan is not on Renault's agenda, the French carmaker's chief executive Thierry Bollore said on Wednesday after a global vehicle launch in New Delhi. Renault and Fiat Chrysler (FCA) are looking for ways to resuscitate a failed merger plan and secure Nissan's approval, Reuters reported this month. As part of the fallout of the collapse of talks, Nissan is poised to urge Renault to significantly cut its 43.4% stake in the Japanese carmaker, two people told Reuters.

  • Financial Times6 days ago

    Nissan agrees truce with Renault to settle governance spat

    Nissan and Renault are calling a truce in their governance dispute ahead of the Japanese carmaker’s pivotal shareholder meeting next week as the carmakers take the first steps towards repairing their fractious relationship. After a 10-day stand-off that some Nissan executives said privately was tantamount to “blackmail”, the Japanese group told its French alliance partner that it would offer several board committee seats to Renault’s chief executive, Thierry Bolloré, as part of a boardroom overhaul, according to people briefed on the talks.

  • Financial Times6 days ago

    Renault-Nissan alliance crumbles with Carlos Ghosn gone

    Several of Renault and Nissan’s joint business functions are being quietly unwound, as the carmakers’ alliance crumbles in the absence of Carlos Ghosn, according to multiple current and former employees. Some departments overseeing joint functions within the Renault-Nissan-Mitsubishi Alliance are being axed, while others have received no new work in months. , as chairman of Nissan and chief executive of Renault, had pressed for their alliance to be made “irreversible”.

  • Nissan considers seats for top two Renault execs in new committees - Nikkei
    Reuters7 days ago

    Nissan considers seats for top two Renault execs in new committees - Nikkei

    Reuters had reported last week that Nissan was considering having Renault executives as members of nomination, audit and compensation committees, after the French firm expressed discontent with Nissan's envisioned governance reform. Nissan is proposing an additional board committee possibly named "strategy committee", the Nikkei said https://asia.nikkei.com/Business/Nissan-s-Ghosn-crisis/Nissan-offers-seats-to-Renault-s-top-2-in-new-governance-plan. The 20-year-old partnership was plunged into a crisis earlier this month, as the French automaker's demand for a greater say in Nissan's new governance system drew rare public censure by the Japanese firm.

  • Nissan considers seats for Renault chairman, CEO in new committees: Nikkei
    Reuters7 days ago

    Nissan considers seats for Renault chairman, CEO in new committees: Nikkei

    Reuters reported last week that Nissan was considering having Renault executives as members of nomination, audit and compensation committees, after the French automaker expressed discontent with Nissan's envisioned governance reform. Nissan is proposing an additional board committee possibly named "strategy committee", the Nikkei said https://asia.nikkei.com/Business/Nissan-s-Ghosn-crisis/Nissan-offers-seats-to-Renault-s-top-2-in-new-governance-plan. The 20-year-old partnership has been strained since former leader Carlos Ghosn was arrested for suspected financial misconduct in November.

  • Motley Fool9 days ago

    Why The Fiat-Renault Merger Stalled

    Both companies seemed eager to join forces, and then the situation became much more complicated.

  • Nissan considers giving Renault some seats on oversight committees: source
    Reuters10 days ago

    Nissan considers giving Renault some seats on oversight committees: source

    Nissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform, a source said. The two-decade-old partnership of Nissan and Renault was plunged into a crisis earlier this week, as the French automaker' s demand for a greater say in Nissan's new governance system drew rare public censure by the Japanese firm. Renault, which owns 43.4% of the Japanese firm, signalled it would block Nissan from formally adopting an overhauled governance structure at a June 25 shareholder meeting - unless Renault received representation on new Nissan committees.

  • Nissan considers giving Renault some seats on oversight committees - source
    Reuters10 days ago

    Nissan considers giving Renault some seats on oversight committees - source

    Nissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform, a source said. The two-decade-old partnership of Nissan and Renault was plunged into a crisis earlier this week, as the French automaker's demand for a greater say in Nissan's new governance system drew rare public censure by the Japanese firm. Renault, which owns 43.4% of the Japanese firm, signaled it would block Nissan from formally adopting an overhauled governance structure at a June 25 shareholder meeting - unless Renault received representation on new Nissan committees.

  • Barrons.com11 days ago

    How Renault Got Run Over by a Shareholder Called the French Government

    The proposed tie-up between the French car maker and Fiat Chrysler had been discussed for weeks. Its collapse stemmed from the government’s reversion to its old habit of political posturing.

  • Reuters12 days ago

    UPDATE 1-France's Le Maire to meet Renault chairman, says Nissan alliance priority

    French Finance Minister Bruno Le Maire said on Thursday a Fiat Chrysler-Renault merger remained an "interesting opportunity" but added he would tell the French carmaker's chairman that strengthening the Renault-Nissan alliance was the priority. The French state is Renault's biggest shareholder and sources have said chairman Jean-Dominique Senard is furious over the government's interference at the carmaker after Fiat Chrysler (FCA) withdrew its offer for a 35 billion euro ($40 billion) merger with Renault. Le Maire said he would meet Senard later on Thursday, with the chairman's position seen weakened by the deal's collapse and the ensuing fallout with President Emmanuel Macron's government.