October 30, 2020

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    French finance minister says Ghosn is not in position to lead Renault

    Carlos Ghosn should not remain in charge of Renault following his arrest in Japan, France’s finance minister stated on Tuesday, prompting the automaker to move quickly to install an interim management team to limit the damage. Ghosn, one of the well known leaders in the auto industry, was arrested in Japan on Monday after Renault […]

    Renault Alpine A110 Sportscar 2017 Geneva show

    France committed to Renault stability following Ghosn arrest

    France will ensure the long-term viability of Renault, Finance Minister Bruno Le Maire stated on Monday following Carlos Ghosn, chairman of the automaker’s partner Nissan Motor, arrest on Monday. “The key question for us is to make sure the stability of Renault and of the alliance between Renault and Nissan and so I am collaborating […]

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    Ford logo in their auto plant

    French minister Bruno Le Maire optimistic over buyer for Ford Blanquefort 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

    Renault and Peugeot commit to raise orders from ailing components maker

    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 […]

    Peugeot , Renault

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