French President Emmanuel Macron said Thursday there was no need for Paris to lower its stake in Renault SA, and that his government sees no reason to review the current capital structure between the French carmaker and Nissan Motor Co.

Relations have been strained between the alliance members since the shock arrest in November of former boss Carlos Ghosn, but Macron referred to that as an individual situation that should not have a bearing on their partnership.

"Nothing in this situation justifies changing the cross shareholdings, the rules of governance, and the state's shareholding in Renault, which has nothing to do with Nissan," Macron told reporters.