All articles related to French automaker Renault.
Renault board prompted Nissan to delay Ghosn removal
Renault’s board had prompted Nissan’s board before its meeting on Thursday to delay eliminating Carlos Ghosn from his position as chairman, sources knowledgeable with the matter informed Reuters. Nissan’s board voted unanimously on Thursday to eliminate Carlos Ghosn from his post after his arrest in Japan this week, public broadcaster NHK reported, marking the stunning
France and Japan are keen to pursue Renault-Nissan consolidation
French Finance Minister Bruno Le Maire stated on Wednesday France and Japan were eager to pursue the consolidation of the alliance between Renault and Nissan. Le Maire stated he had yet to see proof to support Nissan’s allegations of misconduct by Renault-Nissan boss Carlos Ghosn, adding that he would hold further discussions on the issue
Renault names Ghosn stand-ins amid crisis over Nissan investigation
French automaker Renault tapped its chief operating officer and a senior board member to fill in for embattled boss Carlos Ghosn, following a probe by alliance partner Nissan resulting in his arrest on suspicion of financial misbehavior. Thierry Bollore, Ghosn’s operational second-in-command, is going to become deputy chief executive, while lead independent director Philippe Lagayette
- Published in Renault
French finance minister says Ghosn is not in position to lead Renault
Carlos Ghosn should not remain in charge of Renault following his arrest in Japan, France’s finance minister stated on Tuesday, prompting the automaker to move quickly to install an interim management team to limit the damage. Ghosn, one of the well known leaders in the auto industry, was arrested in Japan on Monday after Renault
- Published in Renault
France President Macron vows to maintain Renault-Nissan stability
France will collaborate to maintain the stability of Renault and its alliance with Nissan, France President Emmanuel Macron stated on Monday, following the Japanese automaker action to oust Chairman Carlos Ghosn over alleged financial misconduct. “It’s too early to comment on the reality or materiality of the accusations, about which I have no further information,”
Nissan’s Chairman Carlos Ghosn to be arrested in Japan for alleged financial violations
Nissan Motor Chairman Carlos Ghosn is to be arrested by Tokyo prosecutors for alleged financial violations in Japan, according to the Asahi newspaper’s report. The newspaper reported on its website that Ghosn was suspected of having underestimated his own income on financial statements and had agreed to voluntarily discuss with prosecutors. A Nissan spokesman stated
Renault-Nissan raises investment in France with new vans
Renault stated it will build new Nissan and Mitsubishi vans at its local plants, boosting investment in the country as it looks for closer integration of the three-way automaking alliance with government support. The declaration, timed to coincide with a plant visit by President Emmanuel Macron, “underlines the importance of France for the alliance”, Renault-Nissan-Mitsubishi
Volkswagen, Fiat Chrysler and Renault lead emissions-driven European sales decline
Volkswagen Group, Fiat Chrysler and Renault led a 23.4 percent European car sales reduction in September, the major regional industry body stated on Wednesday, as automakers still suffer from the introduction of stricter new emissions tests. Registrations dropped to 1.12 million cars in European Union and European Free Trade Association (EFTA) countries earlier month from
- Published in Chrysler, Renault, Volkswagen
Renault electrifies major line-up in hybrid push
Renault is going to introduce hybrid versions of its top-selling models, the French automaker stated on Monday, as the European auto industry races to meet tightening emissions targets. Starting in 2020, the company is going to present a gasoline-electric hybrid Clio subcompact and rechargeable plug-in hybrid variants of its Captur mini-SUV and Megane hatchback. “What
- Published in Renault
Renault, Volkswagen and Fiat Chrysler sales rise before stricter EU emissions tests
Renault, Volkswagen and Fiat Chrysler led a 29.8 percent European car sales increase last month, the major regional industry body stated, as automakers used discounts to clear inventory prior tougher emissions tests. Registrations throughout Europe rose to 1.17 million cars, well over usual levels for the slow month of August and the 902,870 gained in
- Published in Chrysler, Fiat, Renault, Volkswagen
‘Zero’ chance of Renault taking over Nissan, Mitsubishi, says CEO Ghosn
Renault SA absorbing Nissan Motor and Mitsubishi Motors is not an alternative as the automakers seek to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn stated on Friday. “Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault has no chance of getting a result,” Ghosn informed shareholders
- Published in Mitsubishi, Nissan, Renault
Renault-Nissan-Mitsubishi to accelerate collaborations in major areas
The Renault-Nissan-Mitsubishi alliance stated it would accelerate the merging in between the three companies on how they work in crucial areas, as part of a broader plan to deliver cost savings and increase revenues. The alliance stated it would be planning to extend its convergence in the areas of buying, engineering, production and supply chains,
- Published in Mitsubishi, Nissan, Renault
Renault to appoint finance executives to board after Desmarest departure
Renault will work with insurance boss Thierry Derez to its board, sources informed Reuters, replacing senior director Thierry Desmarest, who resigned prior a crucial meeting on succession preparation for the automaker Chief Executive Carlos Ghosn. Another finance executive, former Credit Suisse France CEO Pierre Fleuriot, will be selected to be succeed retiring director Marc Ladreit
- Published in Renault
Renault-Nissan sets up $200 million fund in new mobility technology
The Renault-Nissan-Mitsubishi alliance is accumulating $200 million in a new mobility tech fund, three sources stated, in the recent move by significant automakers to adapt to quick industry change by investing in startups through their own equity capital arms. The fund, due to be revealed by CEO Carlos Ghosn at the CES tech industry show
Renault Group says France sales were highest in last 6 years in 2017
Renault Group stated on Tuesday its 2017 sales increased 3.4 percent in France to 673,869 units, the highest in six years, following a 6.5 percent boost at its no-frills Dacia brand. Sales for the Renault brand were increased 2.7 percent, the company stated. Last month, Renault was reported to have been preparing to name a
- Published in Renault