Keyword: alliance

French minister says Renault could reduce Nissan stake to save alliance

French carmaker Renault, partly state-owned, could reduce its stake in its Japanese counterpart Nissan in an effort to save the strained commercial alliance between the two marques, said France's economy and finance minister Bruno Le Maire, adding that French plans for a merger between the two, resisted by Nissan, could be abandoned.

Renault boss Ghosn re-arrested in Japan

Carlos Ghosn, chairman and CEO of French carmaker Renault, and former chairman of Nissan, has been re-arrested in Japan over new allegations of financial misconduct, ending his hopes of a release from custody today after his arrested last month on suspicion of tax fraud.

Centrist Bayrou forms presidential election alliance with Macron

Veteran French centre-right politician François Bayrou, who has stood in three previous presidential elections, announced on Wednesday he was backing the candidacy of maverick centrist Emmanuel Macron, one of the frontrunners in the elections this spring, a move which the latter described as 'a turning point in the campaign'.

Nicolas Sarkozy rules out alliance with socialists to defeat far-right

The ex-president and now conservative opposition leader said no joint deals will be made to bar Front National from wins in regional elections.

French state seeks to grab 20% of Renault-Nissan

The French government has reportedly irked Nissan and caught Renault board by surprise in move to double its stake and clout in the carmaker.

French centrist rivals announce electoral alliance

Former fierce rivals François Bayrou and Jean-Louis Borloo create 'L'Alternative' movement to fight municipal and European elections next year.