Carlos Ghosn has been arrested for fourth time

Carlos Ghosn Renault-Nissan

Japanese prosecutors arrested former Nissan Motor boss Carlos Ghosn for a fourth time on Thursday, public broadcaster NHK stated, after Japanese media reported that authorities were developing a new case against Ghosn regarding payments made to a dealer in Oman. Prosecutors arrest Ghosn over suspicion of aggravated breach of trust, NHK stated. French finance minister […]

Renault in talks with Nissan and Mitsubishi over new alliance body

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

French automaker Renault stated on Monday that it was in talks with its partners Nissan and Mitsubishi in relation to a new alliance body for the three companies. “In response to latest press reports, Renault confirms that it is in discussions with its Alliance partners Nissan Motor and Mitsubishi Motor regarding the establishment of a […]

Nissan CEO calls for Renault board to evaluate Ghosn findings

2015 Nissan Xterra SUV

Nissan expects alliance partner Renault’s board to back its removal of Chairman Carlos Ghosn once it sees proof from the Japanese automaker’s investigation, Chief Executive Hiroto Saikawa stated in a Monday newspaper interview. Nissan understands that findings it gave to Renault lawyers over a month ago have still not been shared enough with the Renault […]

Nissan board reassures alliance with Renault and Mitsubishi

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

Nissan’s board remains committed to the automaker’s alliance with Renault and Mitsubishi Motors, it stated after directors met to talk about the ongoing investigation into former chairman Carlos Ghosn and ways to strengthen governance. A board statement after Thursday’s meeting included that it also decided on an interim process to figure out executive remuneration and […]

CGT union calls for more transparency concerning Dutch holding

CGT Union

France’s CGT union has called for extra transparency at Renault and its Dutch holding company and asked the French government, one of the automaker’s shareholders, to try to shed light on its operations, a CGT representative stated on Thursday. Renault, and its alliance with Nissan Motor, has been in the spotlight after the partnership’s significant […]

Renault discovers no irregularities in Ghosn pay

Renault logo

Renault stated on Thursday an audit launched following the arrest of Chairman and CEO Carlos Ghosn had so far discovered no irregularities with his pay at the French automaker. Renault’s statement, launched after a five-hour board meeting, did little to resolve the standoff with alliance partner Nissan Motor, which accused Ghosn of far-reaching financial misconduct […]

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 […]

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, […]