PARIS: Nissan Motor has drawn up proposals to exit Renault control by purchasing a larger stake in its French parent, sources told Reuters, amid an escalating power struggle between Renault-Nissan alliance boss Carlos Ghosn and the French state, Renault’s biggest shareholder.
In a three-page document passed to the French government, the Japanese carmaker calls for deep changes to the 16-year-old alliance, giving the companies equal weight in joint decisions and “better balanced” cross-shareholdings of 25-35 per cent, government and company sources said.
