By on January 28, 2020

Renault has appointed the former boss of Volkswagen Group’s Seat brand, Luca de Meo, as its new chief executive. Eager to remove former CEO Thierry Bollore and further distance itself from any ties to Carlos Ghosn, the company has been without an official leader since October.

The automaker made an announcement Tuesday, saying that after a selection process led by the Governance and Compensation Committee, the Board of Directors under the chairmanship of Jean-Dominique Senard had settled on de Meo.

Clotilde Delbos, currently serving as interim CEO, will continue to assume her functions until Luca takes office at the beginning of July. Viewed as the most-likely successor since 2019, de Meo was simply waiting out the non-compete clause in his contract with VW. His official hiring still needs approval from Renault shareholders, with the next meeting taking place in April.  (Read More…)

By on January 16, 2020

Rumors that the Renault-Nissan-Mitsubishi alliance could be in danger of breaking up are unfounded, said alliance chairman Jean-Dominique Senard on Thursday.

The chairman was responding to reports of a contingency plan in the works at Nissan, one aimed at guiding the Japanese automaker away from its French partner in a stable fashion in the event of a split. (Read More…)

By on January 13, 2020

Despite Nissan and Renault spending much of 2019 attempting to reassure the world that their 20-year relationship was soundly intact, fractures have been impossible to hide from the public. If you want an analogy, imagine a carton of milk being left to curdle near a radiator and someone attaching a post-it note that reads “fine for drinking.”

While legitimate efforts to fix the relationship have been made (parts sharing, more collaborative projects, management changes, etc.), a lot of it has been undercut by the Renault-Nissan-Mitsubishi Alliance attempting to cleanse itself of the old guard — many of whom had ties to former alliance chair Carlos Ghosn. At the same time, Nissan has sought autonomy from the French automaker, enacting corporate reforms to give it a bit more independence. It also has a cogency plan ready in the event it has to break from Renault entirely; reportedly, Nissan’s been updating that strategy ever since Ghosn escaped Japanese custody last month.  (Read More…)

By on October 22, 2019

Now that the Renault-Nissan-Mitsubishi Alliance has its upper echelon sorted, the time has come to mend the partnership properly. With the new staffers healthily distanced from the old guard of the Ghosn era, Renault Chairman Jean-Dominique Senard is giving himself one year to fix things before considering the entire issue a “failure, on a personal level, and by our teams.”

Senard didn’t explain the benchmarks for success, and twelve months doesn’t allot much time to right a ship that’s been listing for several years. Rumors exist that Renault may even be looking to ditch Nissan for becoming too much of a burden. Meanwhile, the Japanese automaker’s former CEO, Hiroto Saikawa, estimated the company’s vast restructuring efforts would not significantly improve profitability for at least another year.

However, most of what we’ve heard from Nissan and Renault leadership includes a concerted effort to restore trust within the auto alliance and strengthen industrial ties. Contentious merger talks have also fallen by the wayside and are unlikely to crop up after Renault’s own profitability warning from earlier this month.  (Read More…)

By on October 11, 2019

Renault’s board of directors met today to decide the fate of CEO Thierry Bolloré. Though we should say ex-CEO, because they fired him.

As the most recent executive to become subject to the management shakeup that’s bent on removing anyone within the Renault-Nissan-Mitsubishi Alliance with ties to defamed founder Carlos Ghosn, Bolloré called the board’s decision surprising (it wasn’t). Speaking with France’s Les Échoshe contended that he was more concerned with the wellbeing of Renault than corporate politics and expressed fears that the alliance could be falling apart as Japan aggressively seeks to remove more Ghosn-era hires.

“I appeal to the highest level of the State shareholder, guarantor of the rules of good governance, not to destabilize Renault, flagship of our French industry,” he said. “This coup is very disturbing, it is very important to understand the ins and outs of what is happening in Japan.” (Read More…)

By on October 9, 2019

The French media is reporting that Renault CEO Thierry Bolloré could be removed as part of a greater initiative to clean house within the Renault-Nissan-Mitsubishi Alliance. As usual, the cornerstone of the controversy stems from the executive’s close ties to Carlos Ghosn.

That relationship makes him suspect, as numerous high-ranking employees at Nissan are currently under suspicion of having helped or benefited from the alleged financial misdeeds surrounding the ousted chairman. In fact, the Japanese automaker had to select a new CEO in short order after information emerged implicating former corporate head Hiroto Saikawa — encouraging his September resignation.

Now there’s a campaign in place to distance the automaker from Ghosn-era hires and legacy staffers with deep links to him. Everyone expects Renault to do the same.  (Read More…)

By on October 3, 2019

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.  (Read More…)

By on September 25, 2019

While the proposed merger between Renault and Fiat Chrysler Automobiles was stymied after the French government refused to sign off on the deal without support from Renault’s Japanese partners, Chairman Jean-Dominique Senard has indicated he’s still keen on the idea.

Nissan’s reluctance to endorse the arrangement last June may have queered the deal, but things are evolving. The Japanese automaker has strived to reduce Renault’s influence in the automotive alliance, especially since the November arrest of Carlos Ghosn. Unfortunately for Nissan, ex-CEO Hiroto Saikawa was also caught up in the financial scandal — forcing him to resign. The Japanese automaker is now seeking a permanent replacement while CFO Yasuhiro Yamauchi runs things in the interim.

While it’s unlikely to make Japanese shareholders supportive of French involvement, it does provide an opportunity for Nissan to find a new chief executive who’s a bit more sympathetic to Renault’s desires.  (Read More…)

By on September 3, 2019

Former Renault-Nissan Alliance director Arnaud Deboeuf is leaving Renault to chase sunnier pursuits at French rival PSA. It’s no secret that the relationship between Nissan and Renault has become severely strained, however, Deboeuf’s departure throws more light on how personal issues are impacting the broader business. He effectively blamed Renault CEO Thierry Bolloré for his leaving the alliance.

“Thierry Bolloré told me no one wanted to work with me … and that I could not go to work at Nissan either,” Deboeuf explained in a final letter to his colleges.  (Read More…)

By on July 1, 2019

Renault Chairman Jean-Dominique Senard could have had a better time at Nissan’s shareholder meeting last week. New details of the event have come to us via Automotive News and they’re helping to showcase just how fractured the Renault–Nissan–Mitsubishi Alliance has become. While returning Nissan CEO Hiroto Saikawa focused on developing a succession plan for upper management, Senard attempted to appease an angry mob of Japanese shareholders who have absolutely had it with France.

As there was no exit poll for the event, we’ve no idea how many shareholders have it in for la République. But numerous accounts of the event described the situation as chaotic and angry with some international bad blood on full display.  (Read More…)

By on June 13, 2019

It was downright amazing how fast the proposed merger between Fiat Chrysler Automobiles and the Renault-Nissan-Mitsubishi Alliance collapsed. Considering the auto group’s messy state, there may have been no alternative. While Nissan’s unwillingness to support the merger is often cited as a chief reason in FCA’s backing out, it seems the Italian-American company was similarly spooked by internal strife within the alliance.

Renault Chairman Jean-Dominique Senard addressed the matter on Wednesday during the automaker’s annual meeting in Paris. He told shareholders that the French government’s inability to act was what ultimately led to Fiat Chrysler backing out of the deal, while openly lamenting the missed opportunity.

“This project remains, in my head, absolutely remarkable and exceptional,” Senard said. “Frankly, I am saddened.” (Read More…)

By on June 11, 2019

The relationship between alliance partners Renault and Nissan remains incredibly strained. We’ve documented the souring of this corporate relationship closely since November, starting with the arrest of former Nissan chairman and Renault CEO Carlos Ghosn, but the partnership’s new chapter is a bit more confrontational. Of course, the relationship trouble started long before that.

Still in the midst of a corporate power struggle, Renault recently decided to block Nissan’s board reforms — possibly in response to the Japanese automaker not supporting a possible merger between the French automaker and Fiat Chrysler. Regardless, the Alliance now appears to be in real jeopardy, with neither side interested in cooperating. Nissan CEO Hiroto Saikawa appears to be hip to this fact, claiming the two sides need to take steps to stabilize and reinforce the Renault–Nissan–Mitsubishi Alliance or risk it dissolving completely.  (Read More…)

By on June 10, 2019

Nissan and Renault’s strained relationship is well documented at this point. And yet the scribes keeping tabs on the matter must now dip their quills in fresh ink, as a new chapter is ready to be written. Following the arrest of Carlos Ghosnindustrial scandals, a subpar earnings report, and more headaches, Nissan intends to adjust its corporate structure while passing some internal reforms.

However, Renault Chairman Jean-Dominique Senard recently issued a letter to the automaker saying the company would abstain from voting on the issue. As Nissan’s adoption of the reform requires two-thirds approval, Renault could easily block the plan with its sizable stake in the company. Nissan politely calls the automaker’s stance “most regrettable,” but execs in Yokohama must be seething.  (Read More…)

By on May 17, 2019

Nissan’s Hiroto Saikawa appears to be staying on as CEO, despite claiming late last year that he would soon step down. While not sensational news in itself, the decision is underpinned by growing animosity between the automaker and alliance partner Renault.

Back in March, the Renault-Nissan-Mitsubishi Alliance was doing damage control following the arrest of its chief architect, Carlos Ghosn — resulting in a memorandum of understanding that aimed to restore balance between the automakers and prove to the public that they were all still friends.  However, less than a month later, things began to unravel. Renault (encouraged by the French government) was, once again, pushing for integration and hoping to rejigger Nissan’s management structure.

Now the very legitimacy of Nissan’s board is being called into question.  (Read More…)

By on May 14, 2019

Nissan is bracing for a bad year. On Tuesday, the automaker held a press conference at its headquarters in Yokohama, Japan, to tell the world that it’s forecasting a 28-percent decline in operating profit this year. While that sounds bad, it comes on the heels of the company’s financial results for the 12-month period ending March 31st, 2019 — which was a dumpster fire.

Operating profit plunged 45 percent to 318 billion yen ($2.9 billion), while revenue fell 3 percent to about 11.6 trillion yen ($105 billion). Vehicle sales were down 4.4 percent. “Today we have hit rock bottom,” CEO Hiroto Saikawa told the press, suggesting the company could rebound in a few years.  (Read More…)

Recent Comments

  • White Shadow: I’ve yet to drive a car that didn’t get me to a gas station after the low fuel light...
  • -Nate: FWIW ; High pressure Electric fuel pumps made on the BOSCH pattern use the flowing gasoline to lubricate them...
  • JimC2: Great Scott!
  • Right_Click_Refresh: Well, you’re wrong but hey, we all need a hobby…and yours is good at being wrong....
  • dal20402: It may have been that those places were also not visible or marked from the freeway. I promise you there...

New Car Research

Get a Free Dealer Quote

Staff

  • Timothy Cain
  • Matthew Guy
  • Ronnie Schreiber
  • Bozi Tatarevic
  • Chris Tonn
  • Corey Lewis
  • Mark Baruth