Nissan Motor retains Saikawa as CEO

Hiroto Saikawa

Nissan Motor stated Friday that Hiroto Saikawa would remain as chief executive, backing the protege of former chairman Carlos Ghosn even as top shareholder Renault had previously pushed for a modification in the Japanese automaker’s leadership. Saikawa’s re-appointment is likely to be observed as a rebuff to Renault SA, which has pushed for leadership modifications […]

Renault to appoint finance executives to board after Desmarest departure

Renault Clio Geneva Motor Show

Renault will work with insurance boss Thierry Derez to its board, sources informed Reuters, replacing senior director Thierry Desmarest, who resigned prior a crucial meeting on succession preparation for the automaker Chief Executive Carlos Ghosn. Another finance executive, former Credit Suisse France CEO Pierre Fleuriot, will be selected to be succeed retiring director Marc Ladreit […]

Renault sees diesel vanishing from most of its European cars

Renault expects diesel engines to vanish from the majority of its European vehicles, company sources informed Reuters, after the French automaker reviewed the costs of conference tighter emissions requirements following the Volkswagen scandal. The sober reassessment was provided at an internal conference before the summertime break. It demonstrates how, a year after Volkswagen admitted engineering […]