Renault board prompted Nissan to delay Ghosn removal

Nissan Murano Z51

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 […]

Renault names Ghosn stand-ins amid crisis over Nissan investigation

Attribution: Kaspars Garda, garda.lv

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 […]

France President Macron vows to maintain Renault-Nissan stability

Emmanuel Macron images

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

Carlos Ghosn Renault-Nissan

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-Nissan logo

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

2018 Volkswagen Atlas images

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 […]

Renault, Volkswagen and Fiat Chrysler sales rise before stricter EU emissions tests

Renault Alpine A110 Sportscar 2017 Geneva show

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 […]

‘Zero’ chance of Renault taking over Nissan, Mitsubishi, says CEO Ghosn

Carlos Ghosn Renault-Nissan

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 […]

Renault-Nissan-Mitsubishi to accelerate collaborations in major areas

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

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, […]

Renault to appoint finance executives to board after Desmarest departure

Renault Clio Geneva Motor Show

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 […]