Strengthening Renault-Nissan alliance is crucial: French minister By Reuters

Strengthening Renault-Nissan alliance is crucial: French minister

Stock Markets Oct 10, 2019 02:46AM ET

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Strengthening Renault-Nissan alliance is crucial: French minister

PARIS (Reuters) - Strengthening the alliance between car makers Renault (PA:RENA) and Nissan (T:7201) is crucial, said French junior economy minister Agnes Pannier-Runacher on Thursday, amid signs of a possible management shake-up at Renault.

"We must deal with the issues at Nissan and strengthen the alliance," Pannier-Runacher told BFM Business.

Renault, like its alliance partner Nissan, is still reeling from the arrest last year of former boss Carlos Ghosn on allegations of financial misconduct. Ghosn denies any wrongdoing.

The French state has a 15% stake in Renault, which in turn has a 43.3% stake in Nissan.

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