Nissan Willing To Budge To Make Renault Happy Moving Forward

Nissan is considering appeasing its Alliance partner Renault by offering the French carmaker multiple seats on planned oversight committees after the latter expressed discontent with a proposed governance reform.

The Renault-Nissan alliance has been going through some rough patches lately, especially after Renault demanded to have a greater say in Nissan’s new governance system. Now, the latter is considering having the French brand’s executives as members of its nomination, audit and compensation committees, reports Autonews Europe.

“Nissan will have to make concessions for our governance reform,” said a person with direct knowledge. “Whether two or three seats, we still don’t know how many committees we will be giving to Renault, but we are in talks with Renault to give some seats to someone recommended by Renault.”

Earlier this week, Renault boss Jean-Dominique Senard said that he was confident that his company and Nissan would reach an agreement on the composition of the Japanese automaker’s main board committees. He also said that he would support Nissan’s governance reform if they allowed Renault to have two representatives on the board.

Also Read: Renault Boss Promises To Patch Up Relations With Partner Nissan

Initially, Nissan had only offered to let Senard sit on the committees, with Renault demanding that its CEO Thierry Bollore would also be given a role.

“There is still a gap … both sides need to make concessions. The question is whether they can narrow [that gap],” said another source familiar with what’s happening.

Meanwhile, it’s also being reported that Nissan has recommended that JXTG (a leading fuel distributor) adviser Yasushi Kimura should become chairman of its board of directors.

  • charlotteharry57

    After being away on vacation, I guess I missed something. Why, Nissan? Last I heard, Nissan and Mitsubishi were about to walk away…

    • Mr. EP9

      The merger talks with Renault and FCA fell through. Nissan refused to support it and the French were asking for too much.

  • Giannis Antypas

    Nissan Willing To Be A Bit Less Aggressive In Demands
    As Bait To Make Renault Happy Moving Forward

  • Sovereignty

    Nissan playing nicely now that a full merger with Renault is off the cards. The Japanese are good at playing dirty, even if it means incriminating people for their own personal gain.

Hyundai’s Pickup Could Get A Ranger Raptor-Rivaling Variant

A Hyundai pickup with the i30 N’s 2.0-liter turbo four-cylinder and close to 300 HP could be very fun indeed.

This Chevy Camaro Has Turned To The Dark Side, Sith Lords Don’t Approve

Underneath this badly executed body kit, which comes bundled with all sorts of unusual add-ons, lies a sixth-gen Camaro.

V8-Powered Ford Fusion With 450 HP And RWD Is The Closest Thing To A Mustang Sedan

Not content with the stock 325 HP twin-turbo V6, the owner of this saloon fitted a tuned Coyote engine and a 2007 ‘Stang GT500 transmission.

Kevin Hart’s Plymouth Barracuda Crash Investigated By Californian Authorities

The California Highway Patrol may recommend modified cars like Hart’s are fitted with five-point safety harnesses.

2020 Genesis G90 Vs. 2019 Mercedes S-Class: Underdog Takes On Top Dog

The 2020 G90 is fantastic value for money, but is it good enough to take on the luxury segment’s benchmark?.

Here’s a Close Look At The ID.3, Volkswagen’s Most Important New Car In Many Decades

The all-new compact electric hatchback is available in three different battery and electric motor configurations.

Mercedes SL 73 AMG: Rarer Than A Pagani Zonda And The Coolest R129 Of Them All

If you like 1990s AMGs, this SL 73 is the pick of the decade, packing a healthy 525 HP and being made in no more than 50 examples .

What Is BMW Testing With This M8 Prototype At The Nurburgring?

One possibility is that it’s an even more hardcore variant of the Competition, and another that the rear wing is going to be offered as an M Performance part.

Bugatti CEO Reveals More Track-Focused Chiron Variants Are Coming

Now that it has made a point about its hypercar’s top speed with the 300+, Bugatti will turn its attention to other aspects like power-to-weight ratio and ultimate handling.

Check Out This Frosted Glass Blue Audi R8 Coupe With A Dual-Tone Interior

Adding an Audi Exclusive color to your R8 V10 Coupe will cost you nearly $4k in the States for a matte finish – otherwise, you’re looking at close to $7k.