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Automobiles

Sputtering Nissan-Renault alliance stirs shareholder unrest

While Toyota and VW thrive, Japan-France group focuses on road to recovery

The alliance among Nissan Motor, Renault and Mitsubishi Motors faces scrutiny, as Nissan investors proposed disclosing the private master agreement setting terms with top shareholder Renault.

TOKYO -- Nissan Motor's general shareholders meeting Tuesday spotlighted the struggles of the automaker's alliance with Renault and Mitsubishi Motors, a partnership that initially promised to rival the likes of Toyota Motor and Volkswagen.

Nissan CEO Makoto Uchida apologized to investors for the gap that has opened between Nissan and its rivals, and also for the company's poor earnings.

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