The most difficult ordeal in the obstacle course undertaken by Renault and Nissan to reach an agreement on the founding of a new alliance has just been passed.
It is a radical rewrite of the project born in 1999 during the rescue of the Japanese manufacturer.
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Monday evening, the seven independent directors - out of the twelve on the Nissan board - gave the "go" to the reorganization of relations with Renault.
This consensus, reached late in the evening, is a crucial step: it means that the last objections have been lifted.
Including that of Masakazu Toyoda, a director with particular influence on the Nissan board because of his long career at Meti, the powerful Japanese Ministry of Industry.
After months of tight negotiations which pitted manufacturers, bankers, consultants, lawyers and intellectual property attorneys against each other, the agreement seems within reach this time.
Read alsoAfter long months of negotiations, Nissan gives the green light to rebalancing the alliance with Renault
It must be approved at a meeting of the board of directors…
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