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R enault was plunged into a direct conflict with the French government after the government changed the share ownership laws and spent 880 million to increase its stake in the automaker to 20.
There should be great concern within the Renault-Nissan Alliance on the level of the French government influence because Renault also owns 45 Nissan and its Japanese partner effectively control successfully.
Carlos Ghosn, CEO of Renault-Nissan Alliance, has been described in reports as furious after being out maneuvered by the French government in a conflict over the new laws on voting rights of long-term shareholders.
Ghosn was in long negotiations with the French government to try to stop these new anti-speculation laws to be applied to the Renault-Nissan operation.
The French government introduced the new law earlier this year, it aims to provide shareholders with double voting rights if they have held the stock for more than two years.
While Ghosn was in tense negotiations with the government, the state secretly increased its stake in Renault from 15 to 20.
This stake was then unexpectedly used by the government to prevent Ghosn to adopt a resolution to limit the Renault shareholders at a share, one vote.
The decision of the French government to have more influence on Renault is likely to have been driven mainly by the fact that the vast majority of the top selling Renault and Dacia models are now made outside France.
The French government has promised to prevent its domestic manufacturing base to be hollowed out, although many analysts believe that France in particular the high cost of labor, which put its manufacturing industry under great pressure .
Moreover, the success of Nissan meant that his company is substantially outselling French mother of the 8 47 million cars sold worldwide by the Alliance in 2014, only 2 7m came from Dacia Renault Samsung brands.
The increased use of common platforms and factories will be easier for future Renault vehicles built outside France Indeed, the compact crossover Captur is made very successful in Spain, as the Qajar Qajar The next intersection will also be built Wuhan, China.
Even the current Megane sedan is made outside France, although the Scénic MPV is made on grounds of the house Although the new Espace and Laguna will be built in France, they are unlikely to be as large as the sale of small Renault cars.
It's unclear whether the French government will use its boardroom influence to prevent other new models being built abroad However, it seems possible, it could be argued that the new Megane generation should be built in France after the Captur and Qajar were attributed to Renault's Spanish plants.
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