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Renault alliance 'not in danger': Nissan CEO

AFP, Tokyo
Nissan's alliance with France’s Renault is not in danger "at all", the Japanese automaker's CEO told AFP on Monday, despite tensions exposed by the arrest of the partnership's chief Carlos Ghosn.
In an interview, Hiroto Saikawa brushed aside suggestions that the alliance, which also includes Mitsubishi Motors, had been damaged by the aftermath of Ghosn's arrest for alleged financial misconduct. "I don't think it's in danger at all," he said.
He declined to comment directly on the case against Ghosn, who will appear in court Tuesday to hear an explanation of his ongoing detention.
"This is a process of the Japanese system, so I have nothing to say," Saikawa said.
"I just want to focus on stabilising the company."
Ghosn's arrest rocked the auto industry and exposed rifts in the three-firm alliance that he forged, particularly between Nissan and Renault.
Nissan and Mitsubishi Motors swiftly removed Ghosn from his leadership positions after his arrest, with Saikawa even referring to the "dark side" of his former mentor's tenure.
But Renault has kept Ghosn on as CEO, and the French firm has repeatedly urged Nissan to call a shareholder meeting, reportedly seeking to bolster its representation on the company's board.
Officials at both companies have also complained about a breakdown in communication in the wake of the arrest.
But despite the apparent tensions, Saikawa said he was communicating with Renault on a "day-to-day" basis and" alliance work is going well".
"The core, the value, of the alliance itself is coming from the day-to-day work," he added. "This work, this energy, this direction of activities are not at all affected."
But in an indication of one of the issues underlying the tensions, Saikawa suggested that the current distribution of shares in the partnership could be up for renegotiation.
Renault is currently the dominant partner in the alliance, holding 43 percent of Nissan’s shares, while the Japanese firm holds only a 15 percent stake in Renault and has no voting rights. While the alliance as a whole is the world's top-selling car company, Nissan outsells its French counterpart.
There have been rumours that before his arrest, Ghosn was moving towards consolidating the alliance, despite growing resentment in Nissan about the partnership's existing framework.