Ghosn seeks retirement benefit from Renault

Marco Green
January 14, 2020

Nissan is reportedly pushing through a secret plan to split itself from Alliance partner Renault as the fallout from Carlos Ghosn's downfall continues.

The French newspaper Le Figaro on Monday reported an interview with Ghosn, who is now in Lebanon after skipping bail in Japan. According to the media outlet, Nissan is planning to end the cooperation in the manufacturing and engineering sectors, as well as bring changes to the company's board.

The potential split would become the latest indicator of the growing tension within the 20-year-old alliance.

Ghosn referred to his stepping down as chairman and CEO of Renault in January previous year while being detained in Japan. Ghosn claimed that he was paid 7.8 billion yen in salary from 2010 to 2018, but prosecutors allege that he was in fact paid 17 billion yen.

The plans were ramped up since the fallen executive, who was arrested in Japan in November 2018 and charged with financial misdeeds, fled for Lebanon at the end of previous year.

Renault chairman Jean-Dominique Senard is said to be revealing several combined projects in coming weeks to show that the Alliance is still on good terms, but people within Nissan claim his efforts to present unification badly misread the general mood of workers.

Ghosn is widely credited for saving Nissan from collapse when the company was on the verge of bankruptcy almost two decades ago, and stood behind the creation of the Nissan-Renault-Mitsubishi alliance.

Other reports by Click Lancashire

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