Daily News

6. Nissan CEO not told of integration idea

The president of Nissan Motor says he hasn't heard that the French government hopes to integrate Nissan and Renault.

Hiroto Saikawa said on Monday that he was unaware of the idea. Earlier reports claimed French officials told the Japanese government that they want to integrate the companies.

The French government is Renault's top shareholder, while Renault is a major holder in Nissan.

A proposal for integration is unlikely to be well-received within the Japanese automaker. There have been calls from within the company for greater independence by reviewing the partnership with Renault.

However, Saikawa said things have not yet reached the stage where the two firms can talk about reviewing their capital relationship.

He said, "In order for board members of both companies to move discussions forward, Renault must come up with new leadership. Then if both companies can talk on an equal basis, that would be a step in the right direction."