Renault is set to abstain from voting on two Nissan board nominations at the June 25 shareholders meeting, a move that pits the French automaker’s 36% equity stake against the Japanese carmaker’s largest creditor. The firm will withhold support for the reappointment of veteran outside director Motoo Nagai and the fresh nominee Junichi Shinbo, sources said, amid ongoing alliance talks.

Mizuho Financial Group, Nissan’s top lender, is believed to back both candidates, seeing them as allies in the ongoing restructuring and financing discussions. Renault, despite holding a sizable share, controls only 15% of voting rights, limiting its ability to block appointments but allowing it to signal dissent. The clash highlights the fragile balance between shareholder influence and creditor priorities for Nissan.

Investors will watch the vote for signs of whether Renault can leverage its stake to shape Nissan’s governance or whether creditor pressure will dominate strategic decisions. A deadlock could force both parties back to the negotiating table, potentially reshaping board composition and affecting joint‑venture projects. Analysts estimate the alliance generates over $150 billion in annual revenue, underscoring the stakes.