Renault-Nissan should streamline decision-making, says Senard

Renault-Nissan logo

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 […]

Nissan, Renault break up chairmanship in wake of Ghosn’s ouster

Renault-Nissan logo

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 […]

French prosecutors investigating Carlos Ghosn’s wedding costs

Carlos Ghosn Renault-Nissan

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

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

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

Carlos Ghosn Renault-Nissan

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 […]

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 […]

Renault’s outlook cut to ‘negative’ by rating agency Standard & Poor’s

Renault logo

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

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 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 embarks on post-Ghosn era with smaller profit goal

Renault logo

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 […]