Japanese court grants bail for Carlos Ghosn, prosecutors appeal

Carlos Ghosn Renault-Nissan

A Japanese court granted bail to former Nissan Motor Chairman Carlos Ghosn on Tuesday. Prosecutors swiftly appealed the decision upon hearing the news about the bail, delaying an immediate release of Ghosn after more than three months in jail. Judges at the Tokyo District Court accepted defense lawyers’ assurances that the former chairman would submit […]

Governance panel opposed to Renault chairman being named Nissan head

Renault-Nissan logo

An external committee tasked by Nissan Motor to help with improving corporate governance at the Japanese company is opposed to the idea of Renault’s chairman being appointed to head Nissan’s board, two people knowledgeable with the matter stated. As Nissan and Renault look forward to repair their 20-year alliance following the ouster of chairman Carlos […]

Nissan Motor to oppose having same chair as Renault SA

Renault-Nissan logo

Nissan Motor’s independent committee on governance is anticipated to recommend against the company having the similar chairman as Renault SA, the Financial Times reported on Wednesday, mentioning people knowledgeable about the discussions. Renault and its largest shareholder French state are pressing for Jean-Dominique Senard to take up the chairmanship at the Japanese automaker, the report […]

Nissan panel to recommend outside director to chair board

2017 Nissan GT-R NISMO

A Nissan Motor governance committee plans to recommend the appointment of an external director as board chairman, a role different from company chairman, in a move to decentralize power at the top level, the Nikkei business daily published on Sunday. Under Nissan’s present corporate charter, the position of board chair is automatically appointed to head […]

Nissan and Renault reaffirm alliance

Renault-Nissan logo

Though the talks about Nissan chairmanship were avoided Top executives from Nissan and Renault on Thursday reaffirmed the necessity of an alliance that has been pressured by removal of former Chairman Carlos Ghosn, but avoided discussing the potentially controversial issue of Nissan’s next chairman. The recently appointed chairman of France’s Renault SA, Jean-Dominique Senard, travelled […]

Renault’s Senard to meet Nissan CEO Saikawa this week

Renault-Nissan logo

Renault’s chairman will meet Nissan’s CEO this week in Japan as they look forward to cement their collaboration after the elimination of former alliance leader Carlos Ghosn, the Japanese automaker stated on Tuesday. Jean-Dominique Senard, named chairman of the French automaker last month, is going to visit Nissan’s headquarters located in Yokohama to meet the […]

Renault to alert prosecutors about Ghosn’s wedding costs

Attribution: Kaspars Garda, garda.lv

Renault has discovered evidence that it paid part of ex-CEO Carlos Ghosn’s wedding costs and is planning to turn the investigation over to prosecutors, two weeks after the automaker’s eliminated Ghosn from the board. An internal investigation established that a 2016 sponsorship deal with the Chateau de Versailles consisted a 50,000 euro ($57,000) personal benefit […]

France denies report on Renault-Nissan stakes

Renault-Nissan logo

France’s finance ministry reject a report from Japanese news outlet Nikkei that the French government had told Tokyo it was open to consider reducing Renault’s stake in Nissan Motor. Contact by Reuters, an official stated the ministry “categorically denies” such report, which also noted the French government had raised the possibility of decreasing its stake […]

Renault-Nissan and Google to partner on self-driving cars

google self-driving car

The Renault-Nissan-Mitsubishi alliance will partner Alphabet Inc’s Google to develop autonomous taxis and other services using self-driving vehicles, the Nikkei reported. Google’s self-driving car company Waymo is going to work with the automakers and announce a strategy for the arrangement as early as this spring, the business daily reported. The partners are thinking about the […]