Home » Economy » Nissan and Renault are trying to form a small alliance with a rebalancing agreement

Nissan and Renault are trying to form a small alliance with a rebalancing agreement

2023-07-18 07:38:00

He said: The judicial system in Lebanon is sovereign, like its counterpart in Japan

Tokyo – Archyde.com

Posted on: July 18, 2023: 11:38 AM GST Last updated: July 18, 2023: 11:59 AM GST

Former CEO of Nissan Motor Co., Carlos Ghosn, said today, Tuesday, that the Japanese company and Renault are trying to cooperate on a “very small and limited” scale with a new agreement aimed at repairing their long-term alliance.

“With the latest agreement, they are trying to form a small alliance with a very limited scope of cooperation,” Ghosn told reporters in Tokyo via video link.

Nissan and Renault are holding discussions on a final agreement to reform their alliance, following announcing in January that the deal would see Renault reduce its stake in Nissan to 15% from regarding 43% to put the two companies on equal footing.

Regarding his trial, Ghosn said, “I did not have any opportunity for a fair trial in Japan, and I do not regret leaving it,” adding that the judicial system in Lebanon is sovereign like its counterpart in Japan, and witnesses will be summoned.

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