#Renault-Nissan
Carlos Ghosn to Be Flambed by the French
Carlos Ghosn, Renault-Nissan’s former head honcho, will be questioned by investigators in Beirut next month, according to a report from Reuters that appeared in Autoblog. This time it’s not the Japanese applying the pressure, it’s the French.

The Final Three: Renault Chairman Assesses Nissan's Candidates for CEO
The hunt for Nissan’s next chairman has been narrowed to three potential candidates. Their final challenge will be impressing Renault chairman Jean-Dominique Senard. According to reports, Senard spent the better part of Tuesday interviewing Renault-Nissan veterans — via teleconference or face-to-face meetings in Paris.
Considering the laundry list of problems Nissan currently faces, it’s difficult to imagine why anybody would want the job. Maybe it’s the sizable paychecks or perhaps an eagerness to turn things around at the automaker. Either way, whoever Nissan ends up with will have at least as much as they can handle.
Let’s take a look at the candidates.

Ghosn Leaves Japanese Jail in Disguise, Out on $8.9 Million Bail
Former Renault CEO Carlos Ghosn has left a Tokyo prison after posting bail to the tune of $8.9 million. His 108-day detention ended with the industry titan being escorted out out the building while wearing a disguise that entailed a cap, surgical mask, glasses, and workman’s clothes.
Ghosn left the Tokyo Detention House around 4:30 on Wednesday afternoon, already beset by camera crews. According to reports, the former auto executive was steered away from a black van and pushed into a small Suzuki befitting his disguise — despite its failure to fool the media. He’s now in a secret, court-appointed residence where he’ll be under constant surveillance as he attempts to prepare his next move.
“I am also grateful to the NGOs and human rights activists in Japan and around the world who fight for the cause of presumption of innocence and a fair trial,” Ghosn said prior to his release in a statement. “I am innocent and totally committed to vigorously defending myself in a fair trial against these meritless and unsubstantiated accusations.”

Carlos Ghosn Gets His Wish, Could Be Sprung From Jail This Week
In the auto realm, the term “bailout” doesn’t normally refer to the actual granting of bail, but Renault and alliance partner Nissan wasn’t in need of outside assistance — their former boss was.
After multiple attempts to secure release from a Tokyo detention center met with failure, Carlos Ghosn, arrested on suspicion of financial misconduct on Nov. 19, could gain limited freedom as early as Wednesday. Late Monday, word came that a Tokyo court finally granted bail to the former Renault CEO and Nissan chairman.
The high-flying industry titan who once rented the palace of Versailles for his wedding (using company funds, since paid back) has been behind bars for over 100 days.

Renault-Nissan Takeover Gives Mitsubishi a Chance to Dump Its Most Embarrassing Product
After inking the deal that brought Mitsubishi Motors under his corporate umbrella, Nissan-Renault chairman Carlos Ghosn said the acquisition would have a “massive” impact on the struggling automaker.
By sharing the alliance’s technology, platforms and engines, Mitsubishi can look forward to a brighter, product-filled future, he claimed. Full integration is still years away, but a new report sheds some light on the first all-new product born of the $2.29 billion deal.

The Kids Are Fighting Again: Renault-Nissan Swaps Out Powertrain Chief to Stamp Out a Family Squabble
Nissan and Renault consummated their marriage in 1999, but some family members still aren’t happy living under the same roof.
In an effort to put a lid on infighting, Renault-Nissan has asked its head of powertrain engineering to take a walk, replacing him with a company veteran who — the company hopes — can bring both sides together.
The alliance needs a hug-filled happy ending in a hurry, as regulators are gunning for the automaker’s not-so-clean engines.

Ghosn Puts on Third 'Mr. Chairman' Hat as Nissan Officially Takes Control of Mitsubishi
Mitsubishi has officially tied the knot with its savior, making Renault-Nissan chairman Carlos Ghosn the only automotive executive in the world (and possibly the galaxy) to head three companies.
The $2.29 billion deal gives Ghosn’s Renault-Nissan alliance a 34 percent controlling stake in Mitsubishi — a financial lifeline for the struggling, scandal-plagued automaker. Already, the company’s new chairman (and demoted former chair) have big, big plans for the Mirage maker.
Nissan-sized plans.

Here's What an Ex-Volvo Designer Did For Poor Old Lada
Times are still tough in Russia, and your average Moscovite or St. Petersburgian doesn’t want to risk buying a new car — unless it’s a vivid, modern new Lada.
Lada, the much-maligned butt of Western jokes for decades, has reaped the rewards of luring a British ex-Volvo designer into its fold. In a vehicle market that continues to contract like a dying star, Lada’s new models are a pinpoint of light.

Nissan-Renault CEO is Ghosn, Ghosn, Gone From AvtoVAZ Board
The Russian automaker that manufactures Lada vehicles won’t see Carlos Ghosn at its board meetings after this June.
The Renault-Nissan CEO and chairman is expected to be replaced as chairman of AvtoVAZ at the company’s June 23 shareholders meeting, the automaker has stated, with Dr. Serguey Skvortsov taking his place.
Ghosn remains the chairman of Alliance Rostec Auto BV, the holding company that controls AvtoVAZ. Renault-Nissan bought a majority stake in the company, which is a joint venture with Russian Technologies, in 2012.

Renault-Nissan's Carlos Ghosn Banks $16M In 2014
Renault-Nissan CEO Carlos Ghosn did well for himself in 2014, banking around $16 million in compensation compared to the salaries of other automotive CEOs.

Billionaire Investor Kirk Kerkorian Dead At 98
Billionaire investor Kirk Kerkorian died Tuesday at the age of 98, leaving behind a legacy which included the automotive industry in his twilight years.

Renault Kwid Unveiled, Ready To Battle Maruti Suzuki Alto In India
As the Datsun brand stumbles in India, Renault-Nissan unveiled the Kwid Wednesday to take on the challenge of beating the best-selling Maruti Suzuki Alto.

Further Renault-Nissan Integration Blocked By French Government In Power Play
An attempt to bring further integration within Renault-Nissan resulted in the French government tightening its hold on Renault against CEO Carlos Ghosn.

Ghosn: One-Third Of Russia's Auto Market Will Vanish Under Recession
Renault-Nissan CEO Carlos Ghosn warned Monday that Russia’s auto market will lose a third of itself under the nation’s recession.

Costs, Currency Issues Killed Mitsubishi-Renault Deal
Currency fluctuations and a lack of volume helped bring an end to a deal that would have seen M itsubishi sell Renault-Samsung vehicles as their own in North America, according to a report by Just-Auto.

Recent Comments