AUTONEWS

Renault's actions recede with new concerns about the possible separation of Nissan 

Renault's shares reached a minimum of six years this Monday, after reporting that Nissan has accelerated secret contingency plans for a possible separation of the French automaker, the latest sign that the fall of former president Carlos Ghosn is shaking the 20-year partnership at 09:00 (Brasilia time), the shares fell 2.7%, to 70.72 euros. At least 40.16 euros. The plans include the total division in engineering and manufacturing, as well as changes in the Nissan board, the Financial Times reported on Sunday citing several sources.
Nissan's contingency plan has increased since the dramatic escape of Ghosn, former president of the Renault-Nissan alliance of Japan at the end of December, the newspaper reported.   
The partnership has been in crisis since the Ghosn prison in Tokyo in November 2018 for allegations of financial misconduct, which he denies. He was awaiting trial in Japan when he fled to Lebanon.    
"We firmly believe that the relationship between (Renault and Nissan) and therefore the alliance is broken and probably beyond the point of repair," analysts Arndt Elinghorst and Chris McNally of Evercore ISI wrote in a note released this Monday. They have a classification of' underperform ' French riding foot. 

Josephine Mason