TOKYO — The cracks in the world’s largest auto alliance grew wider on Monday, as Nissan Motor condemned threats by its French partner, Renault, to withdraw support for the Japanese automaker’s efforts to overhaul its governance. The message marks a new low in the relationship, and reflects the fallout of the collapse of a proposed mega-merger between Renault and Fiat Chrysler that would have created one of the world’s biggest carmakers. Nissan’s hesitance was a contributing factor in the collapse. In a statement on Monday, Nissan’s chief executive, Hiroto Saikawa, said he had received a letter from Renault saying that the French company intended to abstain from a vote on implementing the governance overhaul. “Nissan finds Renault’s new stance on this matter most regrettable, as such a stance runs counter to the company’s efforts to improve its corporate governance,” Mr. Saikawa said in the statement.

Source: International New York Times June 10, 2019 09:46 UTC