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Explainer: The Ghosn affair and Renault-Nissan's uneasy relationship

Business Finance

Reuters  |  PARIS 

PARIS (Reuters) - Nissan's board ousted Chairman Carlos Ghosn on Thursday following the auto industry star's arrest in Japan over financial misconduct allegations, ushering in a period of uncertainty for its 19-year alliance with Renault.Ghosn was the architect of an alliance that has become one of the world's leading automotive groups. But his ouster has laid bare tensions that run deep in France and Japan. Here's why the relationship has not been an easy one: HOW WAS RENAULT-NISSAN FORMED?In 1999, Nissan was near bankruptcy. Renault bought a 36.8 percent stake in the Japanese carmaker for 5 ...

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First Published: Thu, November 22 2018. 22:44 IST