Deals
Nissan Extends Olive Branch to Renault as Relations Hit New Low
- Nissan must “make our peace” with Renault, Saikawa tells FT
- Hostilities threaten the companies’ decades-old alliance
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Nissan Motor Co. Chief Executive Officer Hiroto Saikawa extended an olive branch to Renault SA after an acrimonious spat over proposed governance changes at the Japanese automaker.
In an interview with the Financial Times, Saikawa said Nissan must “make our peace” with the French carmaker. The companies need to “stabilize and reinforce” their partnership, he told the newspaper. “This is the most important thing.”