Tag: Renault

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 7, 2019

On Tuesday, a subset of Nissan’s board intends to request access to a list of 80 Nissan employees suspected of aiding former Chairman Carlos Ghosn in his alleged financial malfeasance. Assembled by Nissan’s former audit chief, Christina Murray, and company, the document compiles actions taken by staffers believed to have assisted Ghosn directly or attempted to impede the resulting investigations.

Among them is Hari Nada, Nissan’s vice president, who oversees the company’s legal department. Despite being instrumental in Ghosn’s November arrest by acting as a whistleblower to Japanese authorities, along with Toshiaki Onuma, his role as one of the ousted executive’s many confidants has placed him under suspicion — as did his reluctance to recuse himself from the company’s legal affairs.

Nada is now being pressured to resign. However, it’s not clear if this is the result of any actual wrongdoing or an internal power struggle happening inside the Renault-Nissan-Mitsubishi Alliance. Considering the power vacuum created by Ghosn’s arrest and the swift retirement of ex-CEO Hiroto Saikawa (who also makes the 80-person list), both scenarios seem equally plausible.  (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 24, 2019

Today’s Rare Ride is one of the more obscure vehicles seen on these pages. The result of an argument between two men, the Le Mans was a short-lived model from a short-lived manufacturer.

(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 August 27, 2019

Despite vans being slightly more popular than getting a thumb in the eye, Mercedes-Benz is sticking with them. Earlier in the month, the automaker revealed the production version of its 252-mile (we’ll see) EQV. Essentially an electrified version of the plush V-Class/Metris, the model will likely serve a very specific subset of the population.

On the other end of the spectrum, Daimler has been mulling over what should be done about the Citan. As the smallest van in MB’s range, the Citan also has the lowest point of entry. However, sales are roughly one-sixth what the V-Class sees in Europe, making it a plausible candidate for discontinuation. But it was not to be. On Friday, Daimler announced it will keep its smallest MPV on the table.  (Read More…)

By on August 5, 2019

Image: FCA

Maybe that’s a dated reference in this age of smartphones and hookup romance apps. Regardless, the list of potential partners for a prowling Fiat Chrysler doesn’t begin and end with Renault-Nissan-Mitsubishi.

Oh sure, it wouldn’t mind getting down to business with the French-Japanese auto giant, but there’s plenty of fish in the sea. FCA knows it’s a catch, and wants to put Renault on notice that it has plenty of choice in who it goes home with. (Read More…)

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 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 28, 2019

Lancer Evolution vs WRX STi had been as classic a rivalry as Mustang vs Camaro. But, with the departure of the Evo in 2016, there has been a hole in the marketplace and in the hearts of enthusiasts. Reports coming out of Autocar point to a revival of the famed rivalry, with an theoretical Evo XI getting some help from Renault.

While the Evolution name has been rumored to be revived in the form of some sort of SUV or electric vehicle — or both — the Lancer Evolution may yet return in proper super-sedan form. While details are spotty, it is speculated that the engine would come from the next-generation Renault Mégane RS. The current Mégane RS is the front-wheel drive Nürburgring production vehicle record holder, sporting a 296 horsepower and 295 ft-lbs 1.8-liter, 4-cylinder engine. With the next-generation engine anticipated to displace 2.0-liters, it may utilize a bit of electric boosting from a 48V mild-hybrid system to close in on the 341 hp coming from Subaru’s WRX STi S209. (Read More…)

By on June 20, 2019

With the Renault-Nissan partnership looking about as healthy as the bird you clipped on the highway last week, there has been some speculation that the Alliance might disband. At the very least, we know that Nissan has wanted Renault to diminish some of its authority and finally allow the Japanese brand to make a few decisions for itself.

While it’s being kept relatively quiet, Renault and Fiat Chrysler Automobiles are currently seeking ways to rescue their failed merger plan and receive Nissan’s blessing. But Nissan has been stonewalling the $35-billion deal by denying support. It’s not the most cunning strategy we’ve encountered, but totally effective in befuddling the French government to a point where it wanted to delay things — prompting FCA to back out.

Reuters is now claiming that Nissan plans on using round two of the merger talks to convince Renault to reduce its 43.4-percent stake in the company. But the French automaker’s CEO, Thierry Bolloré, says there’s no way that’s happening.  (Read More…)

By on June 19, 2019

Without the glue that was Carlos Ghosn holding the Renault-Nissan Alliance together, some of the partnership’s joint-business operations are reportedly being disbanded as corporate relations continue to sour. Nissan quietly started dissolving the Office of the CEO in April, after a special corporate governance committee claimed it was one of the reasons why it was so difficult to detect Ghosn’s alleged financial misconduct.

The Japanese automaker has since sought to rejigger its own management structure, as per the committee’s suggestions, however Renault intends on blocking those governance changes. Now the Financial Times is reporting that the two companies are gradually unwinding departments providing oversight for collaborative efforts related to light commercial vehicles, sales and marketing, communications and more.  (Read More…)

By on June 14, 2019

Every automotive journalist has a mental list of new models they’d like to see migrate to their home country. For many residing in North America, the Alpine A110 is at the top of the page. We didn’t get the resurrected A110, which is a faithful throwback to the original model that ended production in 1977, and this has left a subset of our staff feeling a little raw.

Alpine has since unveiled a spicier build of the car, throwing some additional salt on our collective butthurt — though we’ll happily acknowledge that probably wasn’t the automaker’s intent. It seems content building a two-seat sports car France can be proud of.  (Read More…)

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