Paris informs Tokyo it wants Renault and Nissan to integrate: Nikkei

The delegation, which included French government-designated Renault director Martin Vial, also said that it wanted to name Nissan`s next chairman, according to the report.

A French government delegation has informed Tokyo that it would seek an integration of Renault and Nissan, Image source: Reuters

A French government delegation has informed Tokyo that it would seek an integration of Renault and Nissan, most likely under the umbrella of a single holding company, the Nikkei reported on Sunday.

The delegation, which included French government-designated Renault director Martin Vial, also said that it wanted to name Nissan`s next chairman, according to the report. Nissan was not immediately available for comment.

Nissan ex-chairman Carlos Ghosn, arrested and detained in Tokyo since Nov. 19, has been indicted in Japan on charges of under-reporting his salary for eight years through March 2018, and temporarily transferring personal investment losses to Nissan during the global financial crisis. Ghosn has denied all charges.

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The French government has requested Renault hold a board meeting in coming days to replace Ghosn. Finance Minister Bruno Le Maire said in a newspaper interview published on Sunday that Michelin Chief Executive Jean-Dominique Senard could be a good choice to head Renault.

"The French state, as shareholder, will have its say. What I can tell you, is that Jean-Dominique Senard has a renowned competence with regards to the automobile industry," Le Maire told France`s Journal du Dimanche newspaper.

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