Carlos Ghosn had in mind the restructuring of the Nissan MotorNissan Motor and Renault partnership.
Monday s announcement that Renault will gradually reduce its stake in Nissan is a refudiation of the former chairman's plans to more closely unite an alliance that the disgraced former auto titan spent almost two decades building. The companies are choosing more independent paths to navigate the technological and geographical shifts that are reshaping the global car industry.
Renault is dividing into two main businesses, one focused on electric vehicles and the other on automobiles with legacy combustion engines. Nissan has sought greater independence since Renault saved it from financial ruin with a well-timed cash injection in 1999 and sent in Ghosn to turn the business around.
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