23 Articles
Dec 2, 2019 Report
Nissan CEO Makoto Uchida rules out closer capital ties with Renault

Renault holds a 43.4% stake in Nissan after it saved the Japanese company from financial ruin 20 years ago

Nissan Motor Co is committed to its automaking alliance with Renault SA but will not look to deepen its capital ties with the French automaker any time soon, its new CEO said on Monday. On his first day in the new position, chief executive Makoto Uchida also pledged to repair profitability at Japan's No. 2 automaker and said setting realistic targets would be key toward that goal, as it tries to make a clean break from the leadership of former chairman Carlos Ghosn. "Closer

Reuters
Prev
/ 3
Next
Share This Photo X