A senior Renault-Nissan executive has quit the troubled carmaking alliance to jo...
PARIS - A senior Renault-Nissan executive has quit the troubled carmaking alliance to join Peugeot maker PSA Group , blaming Renault boss Thierry Bollore for forcing his exit.
Deboeuf’s departure underscores deep tensions threatening to subsume the Renault-Nissan alliance in the wake of the November 2018 arrest of former Chairman Carlos Ghosn, now awaiting trial in Japan on financial misconduct charges he denies. “Thierry Bollore told me no one wanted to work with me ... and that I could not go to work at Nissan either,” Deboeuf said in a farewell email to colleagues seen by Reuters.Since FCA deal talks collapsed in June, Nissan has pressed Renault to cut its 43.4% stake in the Japanese carmaker as the price of its support for a revived FCA tie-up.
Shares in Nissan, hit by a sales slump since Ghosn’s exit, are trading 35% below their value before his Nov. 19 arrest. The stock rose 1.3% on Tuesday, with Renault advancing 1% on reports that the alliance talks were progressing.
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