India, June 10 -- French car-maker Renault (RNSDY.PK, RNSDF.PK, RNT.L), which is in alliance with Nissan (NSANF.PK, NSANY.PK), has told that it will block the Japanese automaker's plan to overhaul its corporate governance, The Financial Times reported.
The decision by Renault, which is Nissan's largest shareholder, was revealed in a letter from Renault's chairman Jean-Dominique Senard to Nissan Chief Executive Hiroto Saikawa.
The move is expected to further worsen the relationship between the two alliance partners following last year's arrest of Carlos Ghosn, who was chairman and chief executive of both companies. As per the report, the decision marks an abrupt reversal of policy.
At the upcoming annual meeting, Nissan was expecting to v...