Mitsubishi could take Renault stake in alliance reorganization

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

Mitsubishi Corp could possibly invest in Renault as part of scenarios being thought to reinforce an alliance between Renault, Nissan and Mitsubishi Motors, two sources knowledgeable with the issue said. French newspaper Les Echos reported previously on Thursday, mentioning an unnamed executive knowledgeable with the discussions and other unnamed sources, that Mitsubishi, a conglomerate with […]

Renault to seek damages depending on Ghosn probe

Carlos Ghosn in Norway

Renault stated on Monday it had submitted a civil-party petition after French prosecutors last week started an official investigation into alleged misuse of funds at the French automaker. “Renault (…) will continue to fully cooperate with the judicial authorities”, the company stated in a short statement, adding it reserved the right for seeking “damages based […]

Seat’s de Meo probably in talks with Renault, says Herbert Diess

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Herbert Diess, chief executive of Volkswagen, stated Luca de Meo, who stepped down as chief executive of the German automaker’s Spanish Seat brand this month, was probably in talks with French automaker Renault. The Italian-born de Meo was a chairman of Seat’s executive committee for four years, supervising a resurgence in the Barcelona-based company’s sales […]

French investigators probe palace party related to Ghosn prosecution

Carlos Ghosn in Norway

French prosecutors are probing a party which former Renault-Nissan chairman Carlos Ghosn threw for his wife at the sumptuous Versailles palace will in the next few weeks ask judges to examine the case, bringing a prosecution a step closer. Prosecutors have been checking whether Ghosn – currently in Lebanon after he fled from Japan on […]

French anti-corruption agency carries out checks on Renault

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Renault on Wednesday stated France’s anti-corruption agency was conducting checks at the company, though a source at the automaker, which was rocked by the arrest of former executive Carlos Ghosn, stated the inspection was a routine matter. French magazine Challenges was first to report the inspection though the report lacked further details. There was no […]

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, […]

Renault hires former PSA research chief Gilles Le Borgne

Gilles Le Borgne

French automaker Renault has appointed Gilles Le Borgne as executive vice-president engineering and a member of the Group Executive Committee (CEG), effective on 6 January, the company has stated in a release. Gilles Le Borgne will report to Clotilde Delbos, the Chief Executive Officer of the group for an interim period. He will take the position of Gaspar Gascon […]

Nissan, Renault, Mitsubishi agree to form new venture for R&D

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

The Nissan Motor, Renault and Mitsubishi Motors alliance has agreed to establish a new company focused on research and development of advanced automotive technologies, Kyodo News stated. The three companies will declare a solid plan in January, Kyodo reported on Sunday, citing people knowledgeable about the matter. The new venture also aims to strengthen the […]