Renault-Nissan has become ‘small and fragile,’ Ghosn says – Automotive News Europe

Ghosn said of Renault’s current management, including CEO Luca de Meo, who is betting Renault’s revival on a strategy of “value over volume”: “It’s all very well to make announcements about plans, but strategy is only 5 percent, while action and results are 95 percent.” 

“Right now,” he added, “we have very mediocre results and lots of words.”

Ghosn said he had lost a considerable amount of his savings since fleeing to Lebanon, partly because of a steep drop in value of Renault and Nissan stock, and partly because of Lebanon’s economic collapse and legal fees he has paid.

“Compared to the vast majority of the Lebanese people, I have nothing to complain about,” he said. “However, I have lost a very large part of what I had saved.”

If he could, he said, he would return to France but is prevented from doing so by an Interpol “red notice,” or request for arrest, on behalf of Japan.

“I am French, I was educated in France, I lived in France, I have a very deep attachment,” he said. “Of course, the day I can, I will go to France.”

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