The alliance between Nissan Motors and Renault has been a strained one in recent months, but the two automakers may be beginning to mend fences. Nissan has confirmed the appointment of additional Renault executives to several key board of director committees.
Nissan says Renault CEO Thierry Bollore to sit on its board’s audit committee. Meanwhile, Renault Chairman Jean-Dominique Senard will have a seat on the company’s nomination committee. Both positions are key to Nissan’s overall governance.
The appointments are part of a horse trade between the two partner automakers. In exchange for the positions, Renault has agreed to support Nissan’s new governance structure, which the Nissan board of directors will vote to implement next week.
Renault owns 43 percent of Nissan, meaning the French automaker’s support is key to passing the new governance structure.
The Renault-Nissan alliance has been strained in recent months following the arrest of alliance CEO Carlos Ghosn. Today’s announcement of Nissan and Renault’s renewed collaboration is really the first sign in months that the two automakers are attempting to patch things up. The renewed collaboration could be the first step in Nissan ultimately backing the failed merger between Fiat Chrysler Automobiles and Renault.