Renault’s chairman to meet Nissan’s CEO in Japan later this week

The planned meeting is aimed at renewing and strengthening the bonds of the alliance.

On Tuesday, Japanese automaker Nissan stated, Renault’s chairman is slated to meet its CEO later this week in Japan. The development comes as both automakers are looking for ways to cement their partnership after the ouster of Carlos Ghosn.

Renault’s new chairman, Jean-Dominique Senard, will be visiting Nissan’s headquarters in Yokohama, Japan, to meet the company’s executives and become better acquainted with its Japanese partner.

“Nissan CEO Hiroto Saikawa is eager to familiarize Senard with Nissan and Alliance operations to optimize their work together,” said Nissan in a statement.

Earlier today, Saikawa told the Japanese media that he was keen to smoothen Nissan-Renault ties.

“First of all, we have to restore trust and stabilize the relationship,” reported the Nikkei quoting Saikawa as saying. “We want him to know more about Nissan’s (management) team.”

As per a report from Kyodo, Senard is scheduled for a 2-day visit to visit Japan starting from February 14.

The development comes following investor speculation on the future capital structure of the Renault-Nissan partnership which has been rife ever since Ghosn’s arrest.

The alliance has been underpinned by Renault’s 43.4% stake in Nissan, which in turn has a 15% non-voting stake in Renault.

The French government owns a 15% stake in Renault.

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