French government requests a Renault board meeting to replace Ghosn

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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 […]

CGT union calls for more transparency concerning Dutch holding

CGT Union

France’s CGT union has called for extra transparency at Renault and its Dutch holding company and asked the French government, one of the automaker’s shareholders, to try to shed light on its operations, a CGT representative stated on Thursday. Renault, and its alliance with Nissan Motor, has been in the spotlight after the partnership’s significant […]

Nissan calls on Renault to listen them on Ghosn allegations

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Nissan Motor’s CEO called on directors at alliance partner Renault to listen its reasons for eliminating former Chairman Carlos Ghosn over alleged financial misconduct in middle of tensions over how to manage the fallout from his arrest. Renault’s interim chairman Philippe Lagayette stated on Friday that its board was not thinking about replacing Ghosn, who […]

Renault discovers no irregularities in Ghosn pay

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Renault stated on Thursday an audit launched following the arrest of Chairman and CEO Carlos Ghosn had so far discovered no irregularities with his pay at the French automaker. Renault’s statement, launched after a five-hour board meeting, did little to resolve the standoff with alliance partner Nissan Motor, which accused Ghosn of far-reaching financial misconduct […]

Renault tells Nissan not to contact their board members

Renault Alpine A110 Sportscar 2017 Geneva show

Renault informed alliance partner Nissan to stop contacting the French company’s directors prior a Thursday board meeting as the Japanese automaker tried to share evidence of misconduct by its ousted chairman Carlos Ghosn, two sources stated. Ever since Ghosn’s November 19 arrest in Japan, Renault and the French government, the automaker’s biggest shareholder, have looked […]

Mitsubishi says Nissan-Renault alliance is able to survive turmoil

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A senior executive at Mitsubishi Motors stated on Tuesday its alliance with Nissan and Renault is able to survive management upheaval, a day following elimination of Carlos Ghosn as chairman over financial misconduct allegations. The future of the 19-year alliance, among the biggest automotive groups in the world, has been thrown into doubt following the […]

Mitsubishi Motors executive underlines significance of alliance with Nissan, Renault

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A top executive at Mitsubishi Motors stated on Tuesday that the days of a single automaker being able to make new technologies on its own were going away, stressing the importance of its alliance with Nissan Motor and Renault. Mitsuhiko Yamashita, an executive vice president at Mitsubishi Motors who used to serve as Nissan’s top […]

Renault-Nissan leaders to meet following Ghosn ouster

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Renault-Nissan executives will try this week to protect their joint operations from a looming power struggle between the automakers, after alliance boss Carlos Ghosn’s arrest in Japan over alleged financial misconduct. Top executives from both manufacturers and third partner Mitsubishi are going to attend mid-week operations committee meetings in Amsterdam that had been planned prior […]

France and Japan reaffirm their support for Renault-Nissan alliance

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French economy minister Bruno Le Maire and his Japanese counterpart Hiroshige Seko reaffirmed their support on Thursday for the Renault-Nissan alliance following ouster of Carlos Ghosn as the Japanese automaker’s chairman. After meeting in Paris, a joint statement showed “the strong support” and “their shared wish to maintain this winning cooperation”. Ghosn was the architect […]