Renault, PSA can benefit from coronavirus measures, says French ministry

Renault Alpine A110 Sportscar 2017 Geneva show

French automakers PSA and Renault are entitled to take advantage from all measures put in place to combat the economic impact of the coronavirus outbreak, France’s Finance Ministry informed Reuters on Wednesday. Renault chairman Jean-Dominique Senard and Finance Minister Bruno Le Maire have together evaluated the prospects of the auto industry and agreed to continue […]

Renault, Nissan confirms alliance not headed for break-up

Renault-Nissan logo

Shares in Renault made recovery of some lost ground on Tuesday following the confirmation made by French automaker and its Japanese partner Nissan Motor, that they reject the media reports regarding their alliance being in danger of dissolution. Increasing concerns about the state of the 20-year old French-Japanese alliance, forged by former chairman Carlos Ghosn, […]

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 […]