Renault's top executive has written a letter to Nissan urging a shareholder meeting, The Wall Street Journal reported on Sunday, citing the arrest of Carlos Ghosn in Tokyo last month as a "significant risk" to the car makers' partnership.
Ghosn was apprehended in November on suspicions of under reporting income and misusing company funds. The Journal obtained a letter dated Friday from Thierry Bollore, deputy CEO of French automaker Renault. In the letter, he pressed his counterpart, Nissan CEO Hiroto Saikawa, to call a shareholder meeting "as promptly as practicable."
Renault owns at least 40 percent of Nissan, which is scheduled to have a board meeting on Monday, The Journal reported. The French company wants a discussion about Renault's representation within Nissan's top ranks, the report said.
Ghosh's "indictment creates significant risks to Renault, as Nissan's largest shareholder, and to the stability of our industrial alliance," Bollore wrote in the letter, according to The Journal. "We believe a shareholder forum would be the best manner of addressing these matters in an open and transparent fashion."