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Now is not the time to re-open strategic Renault-Nissan talks: French official



People walk near a Nissan signage at Nissan Motor Co.’s global headquarters in Yokohama, Japan November 22, 2018. REUTERS/Toru Hanai

PARIS (Reuters) – France sees room for discussions about the future of the Renault-Nissan alliance but does not think now is the time to reopen talks about the power balance between the two carmakers, a French presidency official said on Thursday.

Nissan Motor Co’s (7201.T) board voted unanimously to oust Chairman Carlos Ghosn on Thursday after the shock arrest of the industry heavyweight, ushering in a period of uncertainty for its 19-year alliance with Renault RENA.PA.

“At this stage, a discussion about the future is open, but a renegotiation of the pact in the coming weeks is not,” the Elysee Palace official said.

“It’s not the right moment to re-open strategic discussions.”

Reporting by Michel Rose; Editing by Richard Lough