PARIS (Reuters) – France will invest 700 million euros ($790 million) over the next five years into projects to boost the European electric car battery industry and reduce its carmakers’ reliance on dominant Asian rivals, said French presidency officials. The new battery of the Renault electric car Z.E. is displayed on media day at the… Continue reading President Macron to unveil plan to give Europe’s electric battery industry a jolt
Tag: Renault
UPDATE 2-Ford told UK PM May it is preparing alternative production sites -The Times
(Reuters) – Ford Motor Co has told British Prime Minister Theresa May that it is stepping up preparations to move production out of Britain, The Times reported on Tuesday. FILE PHOTO: The logo of Ford is seen during the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018. REUTERS/Pierre Albouy The automaker… Continue reading UPDATE 2-Ford told UK PM May it is preparing alternative production sites -The Times
Renault wants to limit the compensation of Carlos Ghosn
Diet dry for Carlos Ghosn. Now chaired by Jean-Dominique Senard, Renault has taken a very clear position: the compensation that will be paid to his former CEO will be limited. In a statement, the board of directors The Losange announces having decided “unanimously” to “waive the benefit of the commitment of non-competition subscribed by Mr.… Continue reading Renault wants to limit the compensation of Carlos Ghosn
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
Lawyer defending Carlos Ghosn steps down
Renowned ex-prosecutor notifies Tokyo court he no longer represents deposed Nissan chief Go to Source
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