Nissan: Alliance with Renault ‘unchanged’ after Ghosn ouster

Published: Updated:
Read Mode
100% Font Size
1 min read

Japanese car giant Nissan stressed Thursday that its alliance with French sister company Renault “remained unchanged” after its board voted unanimously to remove Carlos Ghosn as its chairman.

Nissan said its “long-standing... partnership with Renault remains unchanged” and that “the mission is to minimise the potential impact and confusion on the day-to-day cooperation” between the firms, according to AFP.

Earlier on Thursday, Nissan's board announced that it will meet later in the day to decide whether to dismiss its chairman Carlos Ghosn following his arrest on suspicion of underreporting his income, according to the Associated Press.

At the beginning of this week, alliance partner Renault voted to keep him as its chief executive but appointed an interim chief.

Nissan Motor Co. Chief Executive Hiroto Saikawa appears determined to oust Ghosn, who is suspected of under-reporting $44.6 million in income from 2011 to 2015.

Nissan's board consists of nine members, including Ghosn and a representative director named Greg Kelly, who also was arrested Monday on suspicion he collaborated with Ghosn in false financial reporting.

Ghosn is being held at a detention center in Tokyo. Prosecutors sought permission Wednesday to detain him for at least 10 more days as they investigate his case.

With Agencies

Top Content Trending