TO: GHOSN Carlos
Cc：SAIKAWA Hiroto、SEPEHRI Mouna
23 APR 2018
Summary of meeting with APE today
Dear Mr. Ghosn,
I would like to give you a short summary of my meeting with APE and Mouna today.
Following Nissan's board meeting last week, I thought it best to not speculate on any future Nissan position yet and did not propose the text of any declaration.
Mr.Vial confirmed that upon your re-election, in addition to whatever you will say as Renault CEO and as the Alliance CEO and Chairman, he hoped that both the Renault and Nissan boards could make a joint deceleration about the future. He said that in any event, whatever you said as Alliance Chairman was assumed to be supported by the Renault and Nissan boards. I reminded Mr.Vial that it was unprecedented for the Nissan board to comment upon the election of Renault directors and that I could not easily imagine how such a joint board decleration could come about. We left this discussion open and Mr.Vial told me he would send something short to Mouna.
Mr.Vial asked for my comment to the paper he had sent me via Mouna which outlined the simple benefits of merger for Renault and Nissan shareholders. I told him that the paper was simplistic and did not deal with the arguments and perspectives of a Nissan shareholder.