Renault and Nissan should streamline decision-making in the automaking alliance and increasing the companies’ cross-shareholding are not present in their plans, Renault’s chairman stated in comments published on Sunday. Japan’s Nissan Motor and France’s Renault, along with junior ally Mitsubishi Motors, agreed last week that they would retool the alliance to place themselves on a […]
Renault
All articles related to French automaker Renault.
Renault pushes back decision over Carlos Ghosn’s 2018 pay
French automaker Renault stated on Friday that it had decided to push back a decision about the 2018 pay package for former boss Carlos Ghosn. “The board of directors will meet again in April to make its conclusions,” stated Renault. Recently, Renault and Japan’s Nissan stated they would retool the world’s top automaking alliance to […]
Nissan, Renault break up chairmanship in wake of Ghosn’s ouster
Japan’s Nissan Motor and France’s Renault stated they would retool the world’s top automaking alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship earlier wielded by ousted boss Carlos Ghosn. The ouster of Ghosn, credited for rescuing Nissan from near-bankruptcy in 1999, had resulted in much uncertainty about the future of […]
Japan court declines Carlos Ghosn’s request to attend board meeting
A Tokyo court declined ousted Nissan boss Carlos Ghosn’s request to participated in a board meeting this week, refusing him a seat at the table even as the automaker looks set to bolster an alliance Ghosn built over two decades. Prosecutors filed a document to the Tokyo District Court from Nissan informing its opposition to […]
French prosecutors investigating Carlos Ghosn’s wedding costs
French prosecutors have started an initial inquiry into how former Renault CEO Carlos Ghosn financed his 2016 wedding, the Figaro newspaper and Agence France-Presse stated on Monday. The French automaker stated earlier month it had discovered evidence, after an internal investigation, that it had footed some of the bills. It established in its own probe […]
Renault in talks with Nissan and Mitsubishi over new alliance body
French automaker Renault stated on Monday that it was in talks with its partners Nissan and Mitsubishi in relation to a new alliance body for the three companies. “In response to latest press reports, Renault confirms that it is in discussions with its Alliance partners Nissan Motor and Mitsubishi Motor regarding the establishment of a […]
Prosecutor says Ghosn’s bail conditions are insufficient
A Tokyo prosecutor stated Friday he find the bail conditions imposed on Carlos Ghosn, the former boss of Nissan Motor and Renault, would be insufficient to avoid tampering of evidence. Shin Kukimoto, deputy public prosecutor at the Tokyo District Public Prosecutors Office, was discussing with reporters on Thursday, a day after Ghosn was released on […]
Carlos Ghosn leaves Japan jail after $9 million bail
Former Nissan CEO Carlos Ghosn left Tokyo prison on a $9 million bail on Wednesday, slipping past reporters in a face mask and moving nearer to mounting a defense against financial misconduct charges that he has referred as “meritless”. Ghosn, one of the world’s most prominent auto executives whose dramatic rescue of Nissan about more […]
Bruno Le Maire welcomes Carlos Ghosn’s release from Japanese jail
French Finance Minister Bruno Le Maire welcomed on Wednesday the release of former Renault head Carlos Ghosn from jail in Japan. “Carlos Ghosn is being released. He is a French citizen. He will be able to defend himself with greater ease. So much, the better,” Le Maire informed Europe 1 radio. “But my responsibility as […]
Japanese court grants bail for Carlos Ghosn, prosecutors appeal
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 […]
Documents show Ghosn held $260,000 Rio party billed to Renault-Nissan
Former Renault and Nissan head Carlos Ghosn and his wife invited people to a $260,000 Carnival party in Brazil in 2018 and charged it to his employers, documents observed by AFP show, a move Ghosn’s lawyer defended as a routine corporate function for a multinational CEO. News of the party is the recent evidence of […]
Renault’s outlook cut to ‘negative’ by rating agency Standard & Poor’s
Credit rating agency Standard & Poor’s slashed its outlook on automaker Renault to “negative” from “stable”, citing wider challenges within the automotive sector that could affect its profits. “The negative outlook reflects the risk that Renault will be unable to return its EBITDA margin to 2017 levels (9%-10%) over the next two years given the […]
Nissan Motor to oppose having same chair as Renault SA
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 and Renault reaffirm alliance
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 embarks on post-Ghosn era with smaller profit goal
Renault’s beginning of a new era Renault set a weaker full-year profit goal on Thursday, mentioning currency challenges and market uncertainties, as the French automaker presented annual results without its ousted CEO Carlos Ghosn for the first time ever in 13 years. Under new leadership since ouster of Ghosn, Renault targeted profitability of “around 6 […]
