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Nissan CEO says no need to change Renault alliance after French government ups stake

Published 05/18/2015, 01:52 AM
Updated 05/18/2015, 01:53 AM
© Reuters. Ghosn speaks at a news conference in Yokohama

By Maki Shiraki

YOKOHAMA, Japan (Reuters) - Nissan Motor Co Ltd (T:7201) CEO Carlos Ghosn said on Monday he did not think there was any need to change the automaker's capital alliance with Renault (PA:RENA) at present after France raised its stake and voting rights in Renault last month.

The government of France, which owns almost 20 percent of Renault, has said it wants to safeguard French interests at the automaker, which is deepening its ties with Nissan. However, Renault has warned that the government's move could damage the alliance.

Roughly 31 million cars have been recalled worldwide since 2008 over Takata air bag inflators, which can erupt with too much force, spraying shrapnel inside the car.

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