TOKYO -- Renault Chairman Jean-Dominique Senard said he wants his company and Nissan Motor to "forget" about their unequal cross-shareholdings and focus instead on day-to-day operations and rebuilding trust.
Renault is the biggest shareholder in Nissan, with a 43.4% stake, while Nissan holds just 15% in its French partner, an arrangement Senard acknowledged is "sensitive." The relationship between the two companies has often been strained since the arrest of Carlos Ghosn, the former chairman of the two companies, last November. Ghosn's arrest came as he was preparing to formally propose a merger to Nissan CEO Hiroto Saikawa.
