Renault Chairman Jean-Dominique Senard is determined to get the automaker’s alliance with Nissan Motors back on track next year, he stated on Tuesday, adding other matters such as a potential tie-up with Fiat Chrysler were less of a priority. The Renault-Nissan partnership was rocked by previous alliance boss Carlos Ghosn’s arrest in Tokyo during last […]
Renault
All articles related to French automaker Renault.
Renault warns sales to drop in 2019
French automaker Renault on Thursday slashed its revenue guidance for 2019 further and reduced its profitability forecast, mentioning difficulties in markets such as Turkey and Argentina as automakers grapple with a broad-based decline in auto sales. Renault has just rejigged its top management as it attempts to draw a line under a scandal surrounding former […]
Renault-FCA merger idea remains good opportunity: France
The idea of a merger between Renault SA and Fiat Chrysler (FCA) remains a good opportunity, but nothing has changed in terms of the conditions the French government has set, French Finance Minister Bruno Le Maire stated on Monday. Le Maire made the comment in Tokyo, where he happened to visit after a weekend meeting […]
France is looking for a ‘reasonably favorably’ on Renault/Fiat deal
The French government is looking “reasonably favorably” on a proposed merger deal between Italian automaker Fiat and French peer Renault, stated government spokeswoman Sibeth Ndiaye on Monday. “It’s a project that we are looking on in a reasonably favorable light,” Ndiaye informed BFM TV. “Of course we have to look at the conditions under that […]
Government of Italy might ask for symmetry with Paris in FCA-Renault merger
Italian government is going to defend national interest in the FCA- Renault merger and might look for a stake in the new international automaker to match French state holdings, a major League ruling party lawmaker said on Monday. Fiat Chrysler has made a “transformative merger” proposal to Renault, the Italian automaker stated, in a deal […]
Status quo at Renault-Nissan must be changed, says Le Maire
The current status quo about the alliance between French automaker Renault and its Japanese partner Nissan cannot carry on and must be modified as it is presently weakening Renault, stated French finance minister Bruno Le Maire. “The status quo is not possible, the status quo is weakening the overall group, we have to push forward, […]
Nissan revenues slide fuels Renault deal pressure
Renault is slowly pushing for a change of Nissan leadership as a beginning to merger talks, sources at both companies stated, after the Japanese automaker warned of additional slide in earnings following the Carlos Ghosn scandal. Jean-Dominique Senard, who took the place of Ghosn as Renault chairman in January, sees Nissan boss Hiroto Saikawa as […]
Renault diesel emissions allegations upheld by court study
A French investigation into alleged emissions cheating by Renault is a step nearer to possible court action, Le Monde reported on Monday, following a technical report that confirmed that some of its diesel engines were set to emit more pollutants outside official test conditions. After Volkswagen’s 2015 admission that it had cheated engine software with […]
Renault to propose joint holding company with Nissan
Renault is going to propose a plan to form a joint holding company that would provide the French automaker and Japanese partner Nissan equal footing, a person with knowledge of the issue informed Reuters. Under the proposal, both companies would nominate an equal number of directors to the new company, that would be led by […]
Renault again proposed merging with Nissan
Renault SA has once again proposed a merger with Nissan Motor, according to a source knowledgeable with the matter, a move that could fire up a feud within the alliance just as its current management is starting to operate following the removal of Carlos Ghosn. Nissan declined the proposal made in mid-April, the source stated. […]
Carlos Ghosn to be indicted on extra charge as early as Monday
Tokyo prosecutors are shall indict former Nissan Motor boss Carlos Ghosn on an extra charge of aggravated breach of trust as early as Monday when his present detention period expires, public broadcaster NHK reported. Ghosn was arrested for the fourth time this month on suspicion he attempted to enrich himself at the expense of Nissan, […]
Carlos Ghosn’s wife fears Japan trial may be unfair
Carole Ghosn, the wife of former Nissan and Renault boss Carlos Ghosn, stated during an interview that she is stressing if her husband, arrested in Japan on alleged financial misbehavior, will get a fair trial, and expressed outrage over a justice system that re-arrested him on fresh allegations. “This has been a nightmare. We’re devastated, […]
Nissan, Renault, Mitsubishi Motors hold the first meeting of new management body in France
The new management body of Nissan Motor, Renault SA and Mitsubishi Motors held its first meeting Friday and started discussing ways to improve the alliance following multiple arrests of former Chairman Carlos Ghosn. Nissan CEO Hiroto Saikawa, Renault CEO Thierry Bollore and Mitsubishi Motors CEO Masuko Osamu participated in the meeting, which was chaired by […]
Document says Ghosn is suffering from kidney failure, was arrested illegally
Former Nissan CEO Carlos Ghosn’s “illegal” arrest has interrupted his treatment for chronic kidney failure, which Ghosn suffers from as a result of treatment for high cholesterol, his defense stated in documents observed by Reuters on Thursday. Ghosn’s defense team, in documents prepared after Ghosn was arrested for the fourth time by Tokyo prosecutors last […]
Wife of Carlos Ghosn appeals to French government for help
The wife of former Nissan boss Carlos Ghosn departed from Japan and flown to Paris in order to appeal to the French government to do more to help Ghosn. Japanese prosecutors arrested Ghosn for a fourth time on Thursday on suspicion he had attempted to enrich himself at the automaker’s expense, in another dramatic twist […]
