Tag: Renault

Renault scraps Ghosn’s 30 million euro parachute with government backing

PARIS (Reuters) – Renault said it had scrapped 30 million euros ($34 million) in deferred and severance pay to former boss Carlos Ghosn, forced out last month following his arrest for suspected financial misconduct at Japanese affiliate Nissan. FILE PHOTO: A street monitor showing a news report about arrest of Nissan Chairman Carlos Ghosn is… Continue reading Renault scraps Ghosn’s 30 million euro parachute with government backing

Nissan agrees joint venture to build Algerian car assembly plant

A man is silhouetted at a show room of Nissan Motor Co. in Tokyo, Japan, February 12, 2019. REUTERS/Kim Kyung-hoon ALGIERS (Reuters) – Japan’s second-largest automaker Nissan Motor Co has signed a joint venture agreement with an Algerian private partner to build a car assembly plant at a cost of $160 million, the company said… Continue reading Nissan agrees joint venture to build Algerian car assembly plant

Ford warns of ‘catastrophic’ no-deal Brexit

Ford has said a no-deal Brexit would be catastrophic for the firm’s manufacturing operations in the UK and that it would do “whatever is necessary” to protect its business. The comments come after a report the carmaker was stepping up preparations to move production out of the UK. Ford declined to comment directly on The… Continue reading Ford warns of ‘catastrophic’ no-deal Brexit

Lawyer defending ex-Nissan chairman Carlos Ghosn resigns

Carlos Ghosn Reports in Japan suggest Motonari Otsuru will be replaced by Junichiro Hironaka It is unclear why Motonari Otsuru has quit the defence team. Photograph: Kim Kyung Hoon/Reuters Motonari Otsuru, the lawyer heading the defence for Nissan’s former chairman Carlos Ghosn, has resigned. Otsuru’s office and a statement submitted to the court confirmed that… Continue reading Lawyer defending ex-Nissan chairman Carlos Ghosn resigns

Exclusive: Renault to scrap Ghosn’s 30 million euro golden parachute – sources

PARIS (Reuters) – The board of Renault was poised to cancel as much as 30 million euros ($34 million) in deferred pay and severance to its ousted boss Carlos Ghosn, as directors met on Wednesday to approve its full-year accounts, sources told Reuters. FILE PHOTO: Passersby are silhouetted as a huge street monitor broadcasts news… Continue reading Exclusive: Renault to scrap Ghosn’s 30 million euro golden parachute – sources

Ex-Nissan boss Ghosn’s chief defense lawyer resigns; no reason given

Motonari Otsuru, chief lawyer of the ousted Nissan Motor Co Ltd chairman Carlos Ghosn, addresses a news conference in Tokyo, Japan, January 8, 2019. REUTERS/Kim Kyung-hoon TOKYO (Reuters) – Ex-Nissan Chairman Carlos Ghosn’s chief defense lawyer, Motonari Otsuru, has resigned, his law office said Wednesday, a stunning twist to the nearly three-month case over alleged… Continue reading Ex-Nissan boss Ghosn’s chief defense lawyer resigns; no reason given

Japanese self-drive cars map developer to acquire US rival Ushr

February 13, 2019 Japanese map platform developer Dynamic Map Platform plans to acquire Detroit-based Ushr for nearly 20 billion yen ($181.1 million) in a bid to cement a stronger position in the burgeoning self driving cars market, the Nikkei newspaper said. Dynamic Map Platform would acquire U.S. map startup Ushr as it seeks a stronger… Continue reading Japanese self-drive cars map developer to acquire US rival Ushr

Japanese self-drive cars map developer to buy rival U.S. startup – Nikkei

(Reuters) – Japanese map platform developer Dynamic Map Platform plans to acquire Detroit-based Ushr for nearly 20 billion yen ($181.1 million) in a bid to cement a stronger position in the burgeoning self driving cars market, the Nikkei newspaper said. Dynamic Map Platform would acquire U.S. map startup Ushr as it seeks a stronger position… Continue reading Japanese self-drive cars map developer to buy rival U.S. startup – Nikkei