Renault has told Nissan it will block the Japanese company’s plan to overhaul its troubled corporate governance, further inflaming the fraught relationship between the two alliance partners. Mr Senard had looked to restart merger talks with Nissan shortly after taking over as head of Renault in an effort to stabilise the relationship. After Mr Ghosn’s arrest, Nissan assembled a special panel to analyse governance failings and propose improvements. The full Nissan board, which included Mr Senard, gave the idea its unanimous approval on May 15th. Nissan and Renault declined to comment.

Source: The Irish Times June 09, 2019 18:22 UTC