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Nissan may review alliance with Renault

Nissan may review alliance with Renault

Baku. 26 November. REPORT.AZ/ Nissan Motor Co. CEO Hiroto Saikawa on Monday hinted at his intention to review the alliance with Renault SA during a meeting with company employees to explain about the arrest of the carmaker's former chairman Carlos Ghosn last week, according to company sources, Report informs citing Kyodo.

The relationship is "not equal," Saikawa was quoted as saying, while also apologizing to the employees for undermining their trust in the company, the sources said.

Renault owns a 43.4 percent stake in Nissan, which holds a 15 percent stake in its French peer but with no voting rights and 34 percent in Mitsubishi Motors.

Notably, Ghosn was arrested for alleged underreporting his remuneration by around 5 billion yen ($44 million) for five years through fiscal 2014. He received nearly 10 billion yen during that period.

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