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Neither of the detained men has had the opportunity to comment publicly on the allegations against them original concorde cufflinks uk sale. The 19-year history of the Renault-Nissan alliance, enlarged in 2016 to include Mitsubishi Motors, has been marked by tensions among the carmakers and the French government, Renault’s main shareholder with a 15 percent stake. Under government pressure, Ghosn, who is also Renault chairman and CEO, had agreed this year to explore a closer tie-up that would tap deeper synergies, safeguard French industrial interests and make the alliance “irreversible”..

The plan raised hackles in Tokyo. Nissan, while almost 60 percent bigger than Renault by sales, remains the junior partner in their shareholding hierarchy with a smaller reciprocal 15 percent non-voting stake in Renault. At a news conference in Japan late on Monday, Saikawa outlined three broad categories of accusation against Ghosn: under-reporting of compensation; misrepresenting company investments; and making personal use of company assets original concorde cufflinks uk sale. He gave no examples, citing the secrecy of a police investigation..

The Nissan CEO nevertheless took aim at a Renault-led alliance setup that “concentrates power in one individual”, and said a new board committee would examine its role in the scandal. “In terms of structural issues, 43 percent is held by Renault and the head of Renault is currently serving as (chairman) of Nissan,” Saikawa said original concorde cufflinks uk sale. “Of course this isn’t the only cause, but it’s one of the factors or drivers. So the committee .. will have a deep dive on this issue as well.”..

French officials have mobilized to defend the alliance since Ghosn’s surprise arrest in Japan – which came as both countries stage events to mark 160 years of diplomatic relations original concorde cufflinks uk sale. President Emmanuel Macron said France would “remain extremely vigilant regarding the stability of the alliance”, the world’s largest automotive grouping by sales. Finance Minister Bruno Le Maire, who said the future of the industrial pairing was top priority, also pressed Renault’s board to appoint interim leadership, saying Ghosn was “no longer in a position where he is capable of leading Renault”..

(Reuters) – Kohl’s Corp (KSS.N) shares slumped as much as 12 percent on Tuesday after the department store operator forecast full-year earnings largely below estimates, blaming rising shipping costs and higher discounts during the holiday season. Several retailers, including TJX Cos Inc (TJX.N) earlier in the day, have warned that a shortage of truck drivers, new driver regulations and higher fuel prices would make moving freight costlier this year original concorde cufflinks uk sale. Traditional retailers are also being forced to match holiday promotions offered by online rivals that are starting much earlier every year and with increased frequency..