Obuchi welcomes tie-up between Nissan, Renault

Obuchi welcomes tie-up between Nissan, Renault

Prime Minister Keizo Obuchi (R) meets Nissan President Yoshikazu Hanawa (L) and Renault Chairman Louis Schweitzer (C) at his official residence in Tokyo on April 27. Obuchi welcomed a capital tie-up between Nissan Motor Co. and Renault SA of France, saying, ''The tie-up between the major automakers of the two countries is timely because the auto industry has entered an era of intense competition. ==Kyodo

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  • Kyodo / Kyodo News Images
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