1,477 Articles
Renault to name VW manager Luca De Meo as CEO

Former Seat boss will be tapped to lead French automaker

Renault's board is set to meet later on Tuesday to approve the nomination of Luca de Meo, the former head of Volkswagen's Seat brand, as its next chief executive, two sources familiar with the matter said. Renault declined to comment. De Meo is not expected to face any last minute hurdles in his nomination, and has already won tacit backing from parties including the French government, a Renault shareholder.

Nissan and Renault chief engineers meeting to revive joint projects

One example: Why are there three different hybrid systems?

Lebanon has 40 days to figure out what to do with Carlos Ghosn

Extradite the former Nissan boss back to Japan, or try him in Lebanon

Carlos Ghosn's lawyers in Japan quit after client's flight to Lebanon

Junichiro Hironaka had been representing Ghosn in his defense against financial misconduct charges

One of the Japanese lawyers for former Nissan Chairman Carlos Ghosn has stepped down from that job after his client fled the country. Junichiro Hironaka had been representing Ghosn in his defense against financial misconduct charges. Hironaka said in a statement that the entire team working on the case at his office will quit but did not outline reasons.

Renault chairman dismisses reports Nissan wants to split from alliance

'There is ... a real desire to make this alliance a success'

Renault Chairman Jean-Dominique Senard said on Thursday there was a "real desire" within the top ranks of both companies for its alliance with Nissan to succeed, dismissing suggestions the partnership was on the rocks. Turmoil within the Franco-Japanese alliance, long dogged by internal rivalries, deepened following the November 2018 arrest in Tokyo of its architect and long-time boss Carlos Ghosn on charges of financial crimes, which he denies. Attempts to restore calm were dealt a

'I'm glad he did it': Carole Ghosn slams Japanese justice system

Escape involved a tight circle, 'reasonable price' and utter secrecy

Ghosn says French ambassador told him: 'Nissan is turning against you'

'And this is where I realized that the whole thing was a plot'

Renault, Nissan attempt to calm rumors of impending split

The two companies say they are not headed for a break-up

TOKYO/PARIS (Reuters) - Shares in Renault recovered some lost ground on Tuesday after the French carmaker and its Japanese partner Nissan Motor rejected media reports that their alliance was in danger of being dissolved. Growing concerns about the state of the 20-year old French-Japanese alliance, forged by former boss turned fugitive Carlos Ghosn, had sent Renault and Nissan shares skidding to multi-year lows on Monday. At the opening of trading in Paris on Tuesday, Renault shares rose 1.3 pe

Renault shares hit six-year low on rumors of Nissan split

Nissan has reportedly accelerated secret contingency planning for a potential split

Renault shares hit six-year lows on Monday after a media report that Nissan has accelerated secret contingency planning for a potential split from the French carmaker, the latest sign that the downfall of former boss Carlos Ghosn is roiling the 20-year alliance. At 1027 GMT, the shares were down 3.7%, languishing at the bottom of Paris' CAC 40 and the pan European STOXX 600 index . The plans include war-gaming a total split in engineering and manufacturing, as well as

Lebanon may lift Ghosn's travel ban if files not received within 40 days

Ghosn's wife Carole will also be questioned by Lebanese prosecutors

Lebanon may lift a travel ban on ousted Nissan boss Carlos Ghosn if files pertaining to his case do not arrive from Japan within 40 days, caretaker justice minister Albert Serhan said in a statement on Friday. Ghosn fled Japan to Lebanon, his childhood home, last month as he awaited trial on charges of under-reporting earnings, breach of trust and misappropriation of company funds, all of which he denies.

Carlos Ghosn 'very comfortable' after questioning by Lebanese prosecutor

Authorities there ask Japan for its case files on him

Japan minister launches counterattack after Ghosn blasts justice system

'My impression ... was that there were few statements that were backed by any real evidence'

Japan's justice minister launched a rare and forceful public takedown of auto executive-turned-fugitive Carlos Ghosn after he blasted the country's legal system as allowing him "zero chance" of a fair trial as he sought to justify his escape to Beirut. In an effort to undo Ghosn's attempt to sway public opinion in his favor, Justice Minister Masako Mori followed shortly with a statement, translated into English and French, and held a news conference after midnight and again around 9:30 a.m. on

Lebanon imposes travel ban on ex-Nissan boss Carlos Ghosn

Ghosn's Lebanese lawyer said he is 'very comfortable' with the proceedings in Beirut

A Lebanese prosecutor imposed a travel ban on former Nissan boss Carlos Ghosn on Thursday, judicial sources said, after he was questioned over an Interpol warrant issued by Japan seeking his arrest on financial misconduct charges. Ghosn fled Japan to Lebanon, his childhood home, last month as he was awaiting trial on charges of under-reporting earnings, breach of trust and misappropriation of company funds, all of which he denies. The Lebanese judicial authorities also asked Japan for its file

Ghosn: Nissan-Renault strife and his arrest can be traced back to Macron

Move by France's current president back in 2015 alarmed the Japanese

Watch Carlos Ghosn's news conference live from Beirut

'For the first time since this nightmare began, I can defend myself'

Arrest warrant for Ghosn's wife a 'pathetic' move by Japan, spokeswoman says

Tomorrow Ghosn plans to reveal 'actual evidence' against Nissan

A decision by Japanese prosecutors to issue an arrest warrant for Carlos Ghosn's wife shortly before the fugitive car boss was due to speak publicly about his case was "pathetic", a spokeswoman for Ghosn told Reuters on Tuesday. The ousted Nissan Motor and Renault chairman fled to Lebanon, his childhood home, in late December from Japan, where he faced trial for alleged financial misconduct. Ghosn is expected to speak on Wednesday at a news conference in Beirut and detail some of the claims he

Ghosn took bullet train to Osaka en route to Lebanon

Japan may press Lebanon for extradition even without a treaty

Former Nissan and Renault boss Carlos Ghosn began his astonishing escape from Japan with a bullet train ride from Tokyo to Osaka, possibly accompanied by several people, Japanese news agency Kyodo reported Monday. Japanese authorities also said on Monday they may still press for Ghosn's extradition from Lebanon to face multiple charges of financial wrongdoing, even though the country does not normally extradite its nationals. Security cameras captured Ghosn leaving his home

Japan calls Ghosn's escape inexcusable and vows tighter immigration checks

'The flight of a suspect while out on bail is never justified'

Japan's justice minister on Sunday called the flight of former Nissan Chairman Carlos Ghosn as he awaited trial on financial misconduct charges inexcusable and vowed to beef up immigration checks. Justice Minister Masako Mori said she had ordered an investigation after Ghosn issued a statement a few days ago saying he was in Lebanon.

Carlos Ghosn says his family played no role in escape from Japan

He decided to flee after trial was delayed another year, sources say

The family of former Nissan boss Carlos Ghosn played no role in his escape from Japan, Ghosn said in a statement on Thursday, days after his abrupt arrival in Beirut from Tokyo, where he faces trial for alleged financial misconduct.

Ghosn flight prompts renewed focus on Japan's strict justice system

'I would expect it to be more difficult for foreign defendants to get bail'

Carlos Ghosn's daring flight from Japan, where he was awaiting trial on charges of financial wrongdoing, has revived global criticism of the nation's "hostage justice," but in Japan is prompting talk of reversing more lenient curbs on defendants. Japanese civil rights groups and the main bar lawyers association have long criticized a system that convicts 99.9% of criminal defendants.

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