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BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Renault-Nissan alliance rocky but positive atmosphere holds good signs

  • By Al Mayadeen English
  • Source: Agencies
  • 15 Nov 2022 09:57
3 Min Read

The CEO of French carmaker Renault and the head of the tri-alliance between Renault and Japanese Nissan and Mitsubishi says that the positive atmosphere between the two is a good sign for the future.

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  • ren
    2030 Alliance between French Renault and Japanese Nissan and Mitsubishi.

French and Japanese automakers, Renault and Nissan, are in discussions to reach a more suitable future deal that will attend to both companies' strategic interests, Renault's chief said.

The carmakers that have been in a union spanning nearly 23 years are aiming to drastically reform the shape of their alliance as Nissan, which owns 15% of Renault while the latter owns 43% of Nissan, has been troubling the Japanese carmaker giant for a long period for the lack of balance of power.

Read more: Renault suspends production in Russia

The alliance deal was reached in 1999 after the French carmaker pulled Japanese Nissan from bankruptcy.

AFP reported, citing an informed source, that the talks behind the scenes involve the mutual share-owning arrangement in addition to a possible deal for Nissan to invest in Renault's new line of electric vehicles.

According to the source, however, Renault's fears over sharing EV intellectual property, among other things, have held back the announcement.

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Renault revealed earlier this month that it will divide its operations into two separate lines, one in charge of EV while the other will be focused on diesel and hybrid cars, and will be under a joint venture with China's Geely, an agreement that has been criticized in Japan in fear of tech secrets being transferred to China.

Confidence and trust have never been as high

The CEO of Renault and head of the alliance between the two companies, Jean-Dominique Senard, stated to reporters in Tokyo that the "warm atmosphere" between the two parties "bodes well" for the future of the alliance.

Senard added that since he became in charge of the three-way alliance nearly four years ago, including the recent agreement with Mitsubishi, "confidence and trust have never been as high", noting that the new deal regarding updated shares will be announced "in due time".

It's noteworthy that French prosecutors issued earlier this year five international arrest warrants against Carlos Ghosn, the former CEO of Nissan Motor Co. and Renault, claiming that Ghosn used the Omani vehicle distributor to divert millions of dollars from Renault for his own purposes, including the purchase of a 120-foot yacht.

Read more: Midterms expose Congress failure to fix 'deeply flawed' voting process

Ghosn fled to Lebanon in 2018 while hiding in a musical equipment box, to escape charges of financial malfeasance in Japan.

The news rocked the alliance between the two carmakers, causing rising tensions and concern regarding the future of the agreement.

  • Japan
  • Jean-Dominique Senard
  • Mitsubishi
  • Renault
  • Nissan
  • France

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