France is looking for a ‘reasonably favorably’ on Renault/Fiat deal

Renault and Fiat logo

The French government is looking “reasonably favorably” on a proposed merger deal between Italian automaker Fiat and French peer Renault, stated government spokeswoman Sibeth Ndiaye on Monday. “It’s a project that we are looking on in a reasonably favorable light,” Ndiaye informed BFM TV. “Of course we have to look at the conditions under that […]

Government of Italy might ask for symmetry with Paris in FCA-Renault merger

Fiat Chrysler Automobiles (FCA)

Italian government is going to defend national interest in the FCA- Renault merger and might look for a stake in the new international automaker to match French state holdings, a major League ruling party lawmaker said on Monday. Fiat Chrysler has made a “transformative merger” proposal to Renault, the Italian automaker stated, in a deal […]

Renault scraps Ghosn’s pension as scandal deepens

Carlos Ghosn Renault-Nissan

Renault blocked former CEO Carlos Ghosn’s pension on Wednesday, as the French automaker stated an internal investigation had identified “questionable and concealed practices” by the fallen auto industry leader. Renault, that had initially questioned alliance partner Nissan’s allegations against Ghosn after his November arrest, also verified it had alerted prosecutors concerning suspect payments to a […]

Renault alerts prosecutors to Oman dealer payments under Ghosn

Carlos Ghosn Renault-Nissan

Renault has notified French prosecutors to payments made to a Renault-Nissan business partner in Oman under former CEO Carlos Ghosn, two sources informed Reuters. This comes after an internal investigation by the French automaker after Ghosn’s November arrest in Japan for suspected financial misbehavior at its alliance partner Nissan. Renault’s inquiry has confirmed it paid […]

Nissan panel states facts point to legal violations by Carlos Ghosn

Carlos Ghosn Renault-Nissan

An external committee evaluating governance at Nissan Motor stated on Wednesday there were enough facts to assume violations of laws and the private use of company funds by former chairman Carlos Ghosn. After a three-month audit of Nissan’s governance following a scandal that shook the worldwide auto industry, the committee put the blame directly on […]

Mitsubishi Motors executive underlines significance of alliance with Nissan, Renault

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

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 […]