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Nissan's Ghosn crisis

Paris defiant as Renault-Nissan heads toward showdown

Ghosn denies he intentionally hid his pay

Renault's 43.4% stake in Nissan Motor gives it sway over the direction of the automotive alliance, an advantage the French government hopes to maintain.   © Reuters

TOKYO/PARIS -- As the heads of Renault, Nissan Motor and Mitsubishi Motors prepare to sit down on Thursday for the first time since the arrest of ex-chief Carlos Ghosn, the French government has made clear its intention of maintaining Renault's dominant position in the alliance, looking to safeguard national interests as the automaker's biggest shareholder.

"I do not want any change in the balance of power between Renault and Nissan or the levels of cross-shareholdings," Bruno Le Maire, the economy and finance minister, told French TV news network LCI on Tuesday.

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