Nissan, Renault not ready to discuss new capital ties - Saikawa

Nissan President and Chief Executive Officer Hiroto Saikawa in Yokohama, south of Tokyo, Japan. [Photo: AFP]

TOKYO - Nissan CEO Hirota Saikawa said on Monday that he had not heard directly about a reported French proposal to integrate the Japanese carmaker’s management with Renault, adding that it was not the time to discuss revising the partners’ capital ties.

The Nikkei newspaper reported on Sunday that a French government delegation had informed Tokyo that it would seek an integration of Renault SA and Nissan, most likely under the umbrella of a single holding company.