All articles related to French automaker Renault.
Renault’s Senard to meet Nissan CEO Saikawa this week
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: Carlos Ghosn remains director of Renault
Carlos Ghosn is still a director of Renault SA even though he has resigned as chairman and chief executive and Thierry Bollore is now chairman of the Renault-Nissan, Renault stated on Tuesday. “In addition to the Board of Directors’ communication of January 24, 2019, Renault wishes to mention that Mr. Ghosn resigned from his terms
- Published in Renault
Renault to alert prosecutors about Ghosn’s wedding costs
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
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 should show ‘total transparency’: Bruno Le Maire
French automaker Renault must show “total transparency” as it investigates its business practices, including a sponsorship deal stuck with the Chateau de Versailles, finance minister Bruno Le Maire stated on Thursday. “The audit into Renault has begin, it is beginning to bring out results, I had personally demanded that audit,” Le Maire added informed the
- Published in Renault
Renault-Nissan and Google to partner on self-driving cars
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
Renault-Nissan group sold most cars in 2018, but VW’s No.1 including trucks
Volkswagen Group has hung on to its placement as the world’s top-selling car manufacturer for the fifth year in a row, although the German group was slipped by once again by the Renault-Nissan-Mitsubishi alliance in the light-duty automobiles sector. Renault SA, Nissan Motor and also Mitsubishi Motors together made 10.76 million passenger cars and light
- Published in Nissan, Renault, Volkswagen
Macron says concerned about conditions of Ghosn’s detention in Japan
French President Emmanuel Macron stated on Sunday he has expressed his concerns to Japanese Prime Minister Shinzo Abe about the prison conditions faced by former Renault boss Carlos Ghosn. “I have considered that the detention was very long and the conditions of the detention harsh, I have said so to Prime Minister Abe on several
- Published in Renault
France warns against ‘exorbitant’ payoff for Carlos Ghosn
France’s finance minister stated on Sunday a severance package for previous Renault chief Carlos Ghosn, forced to resign in a financial misconduct, should not be “exorbitant” and that the French state would follow the issue closely. Renault, which has now appointed a chairman and chief executive tandem to replace Ghosn, has not yet finalized its
- Published in Renault
Renault names new leaders following Ghosn’s resignation
Renault appointed Michelin boss Jean-Dominique Senard as its new chairman on Thursday, after former chairman Carlos Ghosn was forced to resign following financial scandal that has deeply affected the French automaker and its alliance with Japan’s Nissan. Senard will become chairman immediately, the company stated, with deputy chief executive Thierry Bollore taking over Ghosn’s other
- Published in Renault
Paris informs that it wants Renault and Nissan to integrate
A French government delegation has told Tokyo that it would seek an integration of Renault and Nissan, most probably under the umbrella of a single holding company, the Nikkei noted on Sunday. The delegation, which consisted French government-designated Renault director Martin Vial, also stated that it wanted to name Nissan’s next chairman, according to the
Renault is considering new governance
Renault confirmed on Thursday that it has been thinking about new leadership to replace embattled Chairman and CEO Carlos Ghosn, following French Finance Minister Bruno Le Maire’s calls for a board meeting to address his succession. “The governing bodies of Renault are actively collaborating to find the best solution for the future governance of the
- Published in Press Releases, Renault
French government requests a Renault board meeting to replace Ghosn
French Finance Minister Bruno Le Maire stated on Wednesday the government had requested a Renault board meeting in near future to replace the company’s scandal-hit Chairman and Chief Executive Carlos Ghosn. The company needs a change of governance, Le Maire stated in an interview with French TV station LCI, confirming a previous Reuters report that
Nissan board reassures alliance with Renault and Mitsubishi
Nissan’s board remains committed to the automaker’s alliance with Renault and Mitsubishi Motors, it stated after directors met to talk about the ongoing investigation into former chairman Carlos Ghosn and ways to strengthen governance. A board statement after Thursday’s meeting included that it also decided on an interim process to figure out executive remuneration and
- Published in Mitsubishi, Nissan, Press Releases, Renault
Renault pressed over executive compensation paid through Dutch holding company
The French government has informed Renault to give more details on compensation paid to senior executives through a Dutch holding company jointly owned with alliance partner Nissan, Finance Minister Bruno Le Maire stated on Sunday. Le Maire made the demand after France’s CGT trade Union raised concerns over payments made to specific high-ranking executives through
- Published in Renault