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Auto 25 Jan 2019 | 1:29 AM Premium

Renault names new leaders as scandal-hit Ghosn bows out

PARIS: Renault appointed Michelin boss Jean-Dominique Senard as its new chairman on Thursday, after Carlos Ghosn was forced to resign in the wake of a financial scandal that has rocked the French carmaker and its alliance with Japan's Nissan

Auto 07 Oct 2017 | 12:00 AM Premium

Renault to rely on low-cost and electric cars to boost sales

PARIS: French carmaker Renault expects a first-mover edge in electric cars and a wider vehicle line-up for emerging markets to help it deliver a 44% sales increase by 2022.

Business 11 Feb 2017 | 12:00 AM Premium

Renault profit surges 38% to US$3.5bil

PARIS: Renault SA’s profit surged 38% in 2016 after the French carmaker gained market share in Europe with an expanded lineup of sport utility vehicles (SUVs) and upgraded models like the Megane hatchback.

Auto 16 Dec 2018 | 10:29 PM Premium

Renault seeks Nissan shareholder meeting as Ghosn crisis deepens

PARIS:Renault requested a full Nissan shareholder meeting, a source close to the company said - appearing to escalate the carmaker's standoff with its Japanese alliance partner in the wake of the pay scandal engulfing Chairman and CEO Carlos Ghosn.

Business 13 Jun 2019 | 12:00 AM Premium

Renault chairman faces investors in Paris

PARIS: A year ago, then-Renault SA chairman Carlos Ghosn stood before shareholders in Paris and pledged to buttress the French carmaker’s two-decade partnership with Nissan Motor Co of Japan.

Corporate News 16 Jan 2019 | 12:00 AM Premium

Nissan CEO hopes Renault will also decide to oust Ghosn

PARIS: Nissan Motor Co chief executive officer Hiroto Saikawa said French partner Renault SA should reach the same conclusion as the Japanese automaker and oust chairman Carlos Ghosn if and when it gains access to all the relevant information.

Business 21 Jun 2019 | 12:00 AM Premium

Renault, Nissan join Waymo in exploring driverless services

DETROIT: French automaker Renault SA, its Japanese partner Nissan Motor Co and tech giant Alphabet Inc’s Waymo are exploring a partnership to develop and use self-driving vehicles to transport people and goods in France and Japan, according to the companies.

Business 10 Jun 2019 | 12:49 AM Premium

Renault may block Nissan reform over boardroom dispute

PARIS: Renault has signaled it will block reforms launched by alliance partner Nissan in the wake of the Carlos Ghosn scandal unless it is granted representation on new board committees, a source close to the French carmaker said.

Corporate News 14 Dec 2018 | 2:12 AM Premium

Renault keeps Ghosn at wheel after probe finds no pay wrongdoing

PARIS: A Renault SA probe found that jailed Chief Executive Officer Carlos Ghosn’s compensation at the French carmaker complied with French law, sending another signal of division with its alliance partner Nissan Motor Co.

Auto 08 Feb 2019 | 12:00 AM Premium

Nissan resists having same chairman as partner Renault

TOKYO: Nissan Motor Co is unwilling to support an arrangement with its alliance partner Renault SA that would place the same person in the chairman’s role at both companies, as was the case under jailed former leader Carlos Ghosn, according to a source.