Renault’s Senard to meet Nissan CEO Saikawa this week

Renault-Nissan logo

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 to alert prosecutors about Ghosn’s wedding costs

Attribution: Kaspars Garda,

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

Renault-Nissan logo

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

Renault Trezor, Paris motor show

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 […]

Renault-Nissan and Google to partner on self-driving cars

google self-driving car

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

Renault-Nissan logo

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 […]

France warns against ‘exorbitant’ payoff for Carlos Ghosn

Carlos Ghosn Renault-Nissan

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 […]

Renault names new leaders following Ghosn’s resignation

Renault logo

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 […]

Paris informs that it wants Renault and Nissan to integrate

Renault-Nissan logo

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 […]

French government requests a Renault board meeting to replace Ghosn

Renault logo

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

Renault-Nissan-Mitsubishi Renault Nissan 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 […]

Renault pressed over executive compensation paid through Dutch holding company

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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 […]