Le Maire to brief on Renault as Ghosn detention deepens alliance crisis

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Nyakundi Report

Newsroom 1 min read

Paris — On 21 November 2018, French finance minister Bruno Le Maire was due to hold a briefing on Renault after the arrest of Carlos Ghosn in Japan sent shockwaves through the carmaker’s leadership and its alliance with Nissan.

A spokesman for the French economy ministry said Le Maire had already been in contact with Renault’s acting deputy chief executive Thierry Bollore and interim chairman Philippe Lagayette. The ministry was preparing to address the fallout from Ghosn’s detention, which came at the start of the week in Tokyo.

Earlier on Wednesday, Kyodo News reported that the Tokyo District Court had decided that Nissan Motor Chairman Carlos Ghosn and Representative Director Greg Kelly would be detained for 10 days.

The developments added to uncertainty around the Renault-Nissan alliance, which has been hit by Ghosn’s arrest and the widening legal trouble surrounding the company’s top figures.

Reporting by Laurence Frost; Editing by Sudip Kar-Gupta and Mathieu Rosemain

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