just-auto.com

Renault urges Nissan shareholder meeting

By Graeme Roberts | 17 December 2018

Renault has sent a letter to its alliance partner Nissan Motor, urging the Japanese carmaker to call a meeting of its shareholders "as promptly as practicable", the Wall Street Journal reported at the weekend, according to Reuters.

Renault deputy chief executive officer Thierry Bollore sent a letter dated 14 December to Nissan CEO Hiroto Saikawa, saying the indictment of Nissan had created "significant risks" to the French carmaker and the Renault-Nissan alliance, the Journal reported, according to the news agency.

"We believe a shareholder forum would be the best manner of addressing these matters in an open and transparent fashion", the WSJ quoted Bollore as saying in the letter, Reuters reported.

Prosecutors last week indicted Nissan for filing false financial statements as they officially charged ousted chairman Carlos Ghosn for under-reporting his income.

Renault owns 43.4% of Nissan which in turn holds a 15% stake in its parent company but without voting rights.

Renault spokesman Frederic Texier declined to comment to Reuters on the WSJ report while Nissan wasn't immediately available.