That’s not all, though, because the French government is another big reason for the merger's hold-up. In order to ensure that the consolidation the merger would bring about doesn’t take a toll on blue-collar workers in France, the French government, which is Renault’s largest single shareholder, is demanding a seat on the board of the new company to ensure that it has a say in protecting jobs.
French president Emmanuel Macron is especially sensitive to the needs of his country’s blue-collar workforce after anti-establishment forces, characterized by the yellow vest movement, have threatened his grip on power. So in order to cement its control over the automaker that would result from the merger, France is also asking for a seat on the board that will decide the company's CEO. FCA wants to weaken that seat’s power by removing a proposed rule that would require a unanimous board agreement to elect a CEO.
https://carbuzz.com/news/here-s-what-nissan-thinks-about-merging-with-dodge
2019-06-06 08:22:22Z
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