Renault shares fall as worries lingering on Nissan alliance without Ghosn


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Renault shares fall as worries lingering on Nissan alliance without Ghosn

On Monday, the 13th of January 2020, shares’ prices of the century-old French multinational carmaker, Groupe Renault, holding a 43.4 per cent fully voting stake at Japanese carmaker Nissan that effectively gives the French carmaker complete control over its Japanese alliance partner, had hit a six-year low rock-bottom as investors’ frets were exacerbating that the French carmaker’s two-decade long costlier Japanese alliance might be heading towards a doom without its former boss Carlos Ghosn, who recently had turned into an international fugitive following his astounding escape from Japan while awaiting trial.

On top of that, after falling as much as 3.66 per cent in the pre-market trading, Paris-listed shares’ prices of Renault SA had wrapped up the day down by 2.82 per cent to €40.66 per share, while following Ghosn’s surprise escape from Japan on December 31st that costed the former automotive industry tycoon about €200 million who had a net asset of roughly €800 million before his arrest and dismissal, shares’ prices of Renault SA fell more than 4.50 per cent.

Besides, since former Nissan boss and Renault-Nissan-Mitsubishi Chair Carlos Ghosn’s arrest and dismissal on November 19th, 2018, Renault SA shrugged off more than a third of its market valuation thus far.