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France committed to Renault stability following Ghosn arrest

France will ensure the long-term viability of Renault, Finance Minister Bruno Le Maire stated on Monday following Carlos Ghosn, chairman of the automaker’s partner Nissan Motor, arrest on Monday.

“The key question for us is to make sure the stability of Renault and of the alliance between Renault and Nissan and so I am collaborating on that with all the parties,” he informed reporters in Brussels following a meeting of euro zone finance ministers.

The arrest of Renault CEO Carlos Ghosn and his imminent elimination from the board of Nissan Motor does not pose a risk to the stability or survival of the French automaker, Le Maire stated.

“There is no concern over the stability or the future of Renault,” Le Maire said.

Bruno Le Maire informed reporters on the sidelines of an EU meeting that the French government, as a major shareholder in Renault, remained dedicated to its partnership with Japan’s Nissan and would decide on future actions in the coming days.

He refused to comment on the allegations regarding Ghosn of financial misconduct, saying he should be presumed innocent until proven otherwise, and he refused to say who he thought might take over at the helm of Renault.

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