Renault-Nissan Marriage Is in Jeopardy After Ghosn’s Escape

Renault-Nissan Marriage Is in Jeopardy After Ghosn’s Escape

In the last few months of 2019, the companies gave themselves a second chance to mend the shattered relationship.. Ghosn accused Nissan executives of colluding with Japanese prosecutors against him out of spite over losing power to Renault in the alliance.. The alliance is the source of Nissan's competitiveness," the Yokohama-based company said in a statement on Jan. 14. ". The French carmaker owns 43% of Nissan, with full voting rights, while the Japanese company holds only a 15% stake in Renault and lacks the ability to vote its shares.. Prime Minister Shinzo Abe and President Emmanuel Macron discussed ties between the companies last year, and the French government worked behind the scenes to help repair relations, using diplomatic channels and handing Renault's Senard the responsibility to get the alliance back on track.. Nissan dividends contributed €233 million to Renault's third-quarter earnings, less than the €384 million contribution a year ago, the French carmaker said in a statement in November..