With job intact, Nissan's CEO pins Renault alliance on mutual respect, flags inequality risk

With job intact, Nissan's CEO pins Renault alliance on mutual respect, flags inequality riskNissan Motor Co Ltd on Tuesday threw cold water on hopes for a quick fix to strained relations with France's Renault SA, saying inequality between the partners could unravel their two-decade-old automaking alliance. Speaking at Nissan's annual general meeting in Yokohama, Chief Executive Hiroto Saikawa said he wanted to preserve the spirit of equality - in an alliance whose shareholding structure Nissan has long seen as lopsided. During a three-hour affair peppered with heckling, shareholders returned Saikawa to the automaker's board as widely expected and in defiance of opposition from proxy advisors.




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