Nissan CEO hints at intention to review alliance with Renault

Nissan Motor Co. CEO Hiroto Saikawa on Monday hinted at his intention to review the alliance with Renault SA, following the arrest of the Japanese company’s former chairman, Carlos Ghosn.

The relationship is “not equal,” Saikawa was quoted as saying during a meeting with company employees intended to explain about the arrest of Ghosn, who remains chairman of Renault, according to a company source.

In the alliance that also involves Mitsubishi Motors Corp., Renault owns a 43.4 percent stake in Nissan, which holds a 15 percent stake in its French peer but with no voting rights and 34 percent in Mitsubishi Motors.

Ghosn, who was arrested over an alleged understatement of his remuneration in securities reports, has reportedly denied the charge.

The ousted chairman has not commented publicly on the matter since his arrest last Monday by Tokyo prosecutors on suspicion of underreporting his pay package by around ¥5 billion ($44 million) for five years through fiscal 2014. He received nearly ¥10 billion during that period.

Two BeiDou-3 satellites are lifted off via a single carrier rocket at the Xichang Satellite Launch Center, Sichuan province, China, Nov. 19.George and Brenda Davis look at his nerve stimulator and medical documents at their home in Milton, Florida, in October. George Davis had three Medtronic spinal-cord implants between 2003 and 2007 after a car accident mangled his back. They temporarily reduced some of his pain, but he said the non-rechargeable batteries that were supposed to last for years never did and he tired of multiple surgical removals.A forest warden walks in front of a billboard that promotes the conservation of primates in forest reserves on Nov. 5. Environmental campaigners want Ghana President Nana Akufo-Addo and his government to abandon plans to mine bauxite in the Atewa Range Forest Reserve, in the country's Eastern Region, arguing it will destroy the habitat of rare plants and animals.

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