Renault shares fall on fresh worries about potential break with Nissan

Renault shares fall on fresh worries about potential break with Nissan

Renault shares fall on fresh worries about potential break with NissanRenault <7201.Y> shares hit six-year lows on Monday after a media report that Nissan has accelerated secret contingency planning for a potential split from the French carmaker, the latest sign that the downfall of former boss Carlos Ghosn is roiling the 20-year alliance. At 1027 GMT, the shares were down 3.7%, languishing at the bottom of Paris’ CAC 40 <.FCHI> and the pan European STOXX 600 index <.STOXX>. The plans include war-gaming a total split in engineering and manufacturing, as well as changes to Nissan’s board, the Financial Times newspaper reported on Sunday citing several sources.