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 […]

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 […]

France and Japan reaffirm their support for Renault-Nissan alliance

Renault-Nissan logo

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 […]

French minister Bruno Le Maire optimistic over buyer for Ford Blanquefort plant

Ford logo in their auto plant

French Economy minister Bruno Le Maire stated on Friday that discussions with Belgian transmissions provider Punch Powerglide regarding the purchase of Ford’s Blanquefort gearbox plant in southwestern France should be concluded in October. In June, the U.S. automaker had stated it would shut the plant if no purchaser could be found for the site, that […]

Renault and Peugeot commit to raise orders from ailing components maker

Renault and Peugeot

French automakers Renault and Peugeot have committed to increasing their orders from ailing components-maker GM&S Industry following the conversation of their CEOs with Economy Minister Bruno Le Maire, his ministry stated. The future of the business, which has 277 individuals in central France and is dealing with liquidation, was a top priority of President Emmanuel […]