Category: Renault

By on April 5, 2022

Renault SA is reportedly mulling over the possibility of undergoing extensive restructuring, followed by an initial public offering for its electric vehicle assets. While the company had hinted that splitting itself into separate EV and combustion brands was a possibility in February, it wasn’t taken all that seriously. At the time, numerous automakers had suggested dividing themselves along similar lines.

But Ford Motor Co. announced it would actually be going ahead with the plan in March and Renault appears to be similarly warming to the idea, based on a meeting held last week between upper-level management and analysts. This included CEO Luca de Meo and CFO Thierry Pieton, both of whom allegedly acknowledged the real possibility of a split at the French automaker and the subsequent IPO.  Read More >

By on December 20, 2021

The Grand Tour returned this past Friday with the fourth special of its fourth season, entitled “Carnage a Trois.” The French-themed episode follows “Lochdown” of August 2021, “A Massive Hunt” from December last year, and “Seamen” from December 2019. “Seamen” was the first installment of The Grand Tour’s new format where the tent, audience, track, and stupid time-wasting went by the wayside in favor of a specials-only format with grand adventures and less choppy segmented content. How does “Carnage a Trois” fare in that mold? Pas bon.

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By on March 15, 2021

Today is one of the few occasions where Rare Rides presents a curated collection of cars for your review.

A serious Francophile in Minnesota has amassed a collection of trois Renault Fuegos et un 17 Gordini. Has a more exciting sentence ever been published? I think not.

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By on December 14, 2020

Today’s Rare Ride is one of those that’s always been on the to-do list, but never floated to top of mind. That changed the other day, when this very tidy example was posted on Twitter.

Let’s talk about Privilege.

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By on November 13, 2020

Today’s Rare Ride was a unique offering in Europe in its day, though not an original idea. Simple as pie, it’s plastic, low-powered, and meant for adventure!

It’s a Renault Rodeo, and someone’s taken the trouble of importing this one to California.

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By on November 2, 2020

Today’s Rare Ride is equally at home on a track or on a road. Lightweight and minimalistic in its approach, the Renault Sport Spider has only the things you need to drive, and nothing else.

Let’s check out this bashful looking sports car.

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By on August 3, 2019

The proposed merger between two auto giants — Renault-Nissan-Mitsubishi and Fiat Chrysler Automobiles — went nowhere earlier this year, but the door to the deal never swung fully shut. That’s according to a report in the Wall Street Journal, in which sources claim talks are ongoing to rekindle the romance.

FCA snatched away its offer in June after the French government, which owns 15 percent of Renault, intruded into discussions, citing a need to have alliance partner Nissan fully on board. The Japanese automaker, embroiled in scandal and a serious financial slump, kept its distance from those earlier talks, offering polite but unenthusiastic public support as reports emerged of concerns about its autonomy and shrinking influence under such a marriage.

To get the deal back on track, Renault would need to loosen its ties with Nissan. Read More >

By on January 8, 2019

Ghosn, with the help of his team of lawyers, earned the right to speak in a packed Tokyo courtroom on Tuesday, and he used his time efficiently.

Described as looking gaunt, the jailed Renault CEO and ex-Nissan chairman claimed he was “wrongly accused” at the Tokyo district court hearing, adding that there’s nothing improper about the way he managed his finances. Read More >

By on December 21, 2018

Nissan CEO Carlos Ghosn unveils redesigned Maxima “4 Door Spor - Image: Nissan

Just yesterday, it looked as if Renault CEO and former Nissan chairman Carlos Ghosn might make it out of jail by the weekend. Japanese prosecutors had another idea, however. The industry titan was re-arrested Friday morning on suspicion of aggravated breach of trust, pushing the possibility of bail and a hotel Christmas further from the realm of possibility.

Detained since his initial Nov. 19 arrest, Ghosn is now accused of covering losses incurred through derivatives trading with Nisan funds. Those losses — totalling $16.6 million — took place in 2008. Read More >

By on December 13, 2018

Carlos Ghosn

Two automakers, two investigations, and two very different outcomes for one man.

Renault’s board of directors met in France today, deciding that CEO and chairman Carlos Ghosn should stay on in his current role in the wake of an internal investigation that members say showed no signs of criminality. Meanwhile, Ghosn sits in a Tokyo jail, indicted on charges of financial misconduct at Renault’s alliance partner, Nissan.

Away from the Paris streets, it seems everything’s hunky dory in France. Read More >

By on December 12, 2018

Carlos Ghosn - Titan intro - Image: Nissan

Nissan’s board didn’t wait long to oust Carlos Ghosn as chairman following his Nov. 19 arrest, but alliance partner Renault’s board stood firm, awaiting more information. The waiting continued as Mitsubishi voted to drop Ghosn as chairman.

The disgraced executive, indicted this week by Japanese authorities on charges of underreporting his income by tens of millions of dollars, remains in a Tokyo lockup but still holds the title of Renault CEO. If the French automaker’s board finds the contents of a dossier delivered by Nissan compelling, that status could soon change. Read More >

By on December 10, 2018

Carlos Ghosn Rogue Introduction - Image: Nissan

Carlos Ghosn, his right-hand man, Greg Kelly, and the automaker Ghosn headed for years have been indicted by Japanese authorities following the pair’s re-arrest. The new raft of financial allegations raised last week gave the authorities the ability to keep Gosn and Kelly locked up until official charges could be laid.

Nissan, whose board ousted Ghosn as chairman shortly after his November arrest in Tokyo, didn’t get a free pass in the matter. Apologies were in order, but legal pain awaits. Read More >

By on December 4, 2018

Carlos Ghosn

He won’t have to travel far. Carlos Ghosn, who was booted as Nissan chairman following his November 19th arrest in Tokyo, will reportedly be re-arrested on a new claim of financial misdealings.

The new allegations, which also involve underreported income, give Japanese authorities what they’ve been looking for — more time with which to lay formal charges. Under the current extension granted late last week, Ghosn would have to walk free on December 10th. If re-arrested, it’ll mean a meager Christmas for the industry giant. Read More >

By on December 1, 2018

Carlos Ghosn - IDX intro - Image: Nissan

Fallen auto industry magnate Carlos Ghosn can stay in a Tokyo detention center for another 10 days, following an extension approved Friday by Japanese authorities. Arrested two weeks ago on suspicion of underreported income and other potential financial crimes, Ghosn will be released on December 10th if authorities fail to lay charges — though no one expects that to happen.

Despite their disagreement on how the Ghosn affair should be handled, the three automakers Ghosn once reigned over have put forward a unified front. We’re all good, the chummy Renault-Nissan-Mitsubishi Alliance claims. Read More >

By on November 24, 2018

As expected, Nissan chairman Carlos Ghosn ended the week with fewer titles than when he started. The automaker’s board of directors voted to remove the executive, instrumental in creating the Renault-Nissan-Mitsubishi Alliance powerhouse, on Thursday, just three days after his arrest on suspicion of under-reported income and misuse of company assets.

The move came as Renault, which hasn’t made decision on whether to remove Ghosn as CEO, found itself at loggerheads with its alliance partner. The French automaker urged caution in the matter, perhaps fearing that Ghosn was the glue holding everything together. Read More >

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