Renault and France at loggerheads as board clash looms

PARIS, Safar 24, 1437, Dec 6, 2015, SPA — Renault is drawing up proposals to relinquish some power over alliance partner Nissan, sources said, and will on Monday begin shoring up boardroom support in the final days before a likely clash with the French government, Reuters reported.

Renault remains on collision course with France, its biggest shareholder, in a dispute that erupted in April when Economy Minister Emmanuel Macron raised the government’s stake in the carmaker to secure double voting rights.
21:54 LOCAL TIME 18:54 GMT