Elysee Palace has confirmed that French President Emmanuel Macron and Japanese Prime Minister Shinzo Abe would meet Friday at the G20 Summit in Buenos Aires to discuss the Ghosn case, Reuters has reported, citing a palace official.
Earlier Friday, Japanese media reported that ex-Nissan Motor Co chairman Carlos Ghosn's incarceration would be extended for another 10 days, following his arrest November 19 along with fellow alleged co-conspirator Greg Kelly, another Nissan director, on fraud charges. Prosecutors accuse Ghosn of deliberately understating his salary by some 3 billion yen ($27 million) between 2015 and 2017, a crime which may land him in prison for up to 10 years.
Ghosn's arrest has threatened Renault's control of the automotive alliance, with the Japanese side apparently rejecting Renault's proposals to have Renault-Nissan board deputy Thierry Bollore assume control of the Japanese automaker.
Nissan CEO Hiroto Saikawa has expressed a desire to loosen Renault's grip over the alliance, despite the fact that a 2002 master agreement stipulates that the partnership is chaired by the CEO of Renault. The French company currently controls over 43 percent of Nissan's shares, while Nissan holds just 15 percent of those of Renault, and has no voting rights.