NEW YORK – Is the Renault-Nissan alliance stronger than the man who led it for two decades?
The omens don’t look good. The downfall of Carlos Ghosn over allegations of financial misconduct has opened up a Pandora’s Box of Franco-Japanese political hostility, grudges and pressure tactics — supposedly all in the name of “strengthening” the 20-year alliance. For all Ghosn’s flaws and delusions of grandeur, he did manage to balance the interests of two prickly Group of Seven economies in the highly sensitive auto sector (at least until he came a cropper). His successors will do well to last a fraction as long.
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