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Business Carlos Ghosn

  • PARIS, March 24- The European Investment Bank has asked French investigators to find out whether 800 million euros of EU-backed loans to Renault could have been used to develop test-cheating diesel engines, according to documents seen by Reuters. The European Union lending arm wrote to judges leading a fraud investigation into preliminary findings that...

  • LONDON, March 16- European shares hit their highest level in 15 months on Thursday after the Federal Reserve signalled no pick-up in the pace of monetary tightening and centre-right Prime Minister Mark Rutte won elections in the Netherlands. Amsterdam's AEX index hit its highest level in more than nine years, also rising 0.6 percent, while both Germany's DAX...

  • *Anglo American tops STOXX after billionaire buys stake. Fed raised rates and center-right Prime Minister Mark Rutte won elections in the Netherlands. Amsterdam's AEX index hit its highest level in more than nine years, up 0.7 percent, while both Germany's DAX and France's CAC 40 hit their highest levels since mid-2015.

  • Fed raised rates and Dutch center-right Prime Minister Mark Rutte won elections in the Netherlands. Amsterdam's AEX hit its highest level in more than nine years, up 0.7 percent, while both Germany's DAX and France's CAC 40 hit their highest levels since mid-2015. Dutch center-right Prime Minister Mark Rutte scored a resounding victory over anti-Islam and...

  • PARIS, March 15- France's consumer fraud watchdog told prosecutors that Renault boss Carlos Ghosn should be held responsible for the carmaker's suspected diesel emissions cheating, a judicial source said on Wednesday. The comments were included in a dossier submitted last November by the finance ministry's DGCCRF anti-fraud body, the source said.

  • GENEVA, March 10- Mitsubishi Motors and its new parent Nissan are studying joint production of pickup trucks in Southeast Asia as they look for savings within the broader Renault-Nissan alliance, a senior executive told Reuters. The Japanese groups may pool technical underpinnings and production of future replacements for the Thai-built Nissan Navara and...

  • Feb 23- Newly promoted to CEO at Nissan Motor, Hiroto Saikawa will bring a gruff, tough, no-nonsense approach to leading Japan's second-biggest car maker at a time of rapid technological change in the industry. The 63- year-old takes over in April from Carlos Ghosn, who engineered Nissan's recovery from years of losses and debt through broad cost-cutting and...

  • *Hands helm to Saikawa, company veteran of 40 years. TOKYO, Feb 23- Nissan Motor Co said Carlos Ghosn will step aside as CEO after leading the company for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with Renault SA and newly added Mitsubishi Motors Corp.. In handing over the helm to Hiroto Saikawa, a company...

  • TOKYO, Feb 23- Nissan Motor Co's Carlos Ghosn said the automaker's management team would be "completely accountable" for the company's operations after he steps down as chief executive, even as he stays on as chairman. "I will be chairman of the board which means I will be supporting the management team, which will be completely accountable for the performance of...

  • TOKYO, Feb 23- Nissan Motor Co said Carlos Ghosn will step aside as CEO after leading the firm for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with Renault SA and newly added Mitsubishi Motors Corp.. In handing over the helm to Hiroto Saikawa, a company veteran of 40 years, Ghosn ends years of speculation over...

  • TOKYO, Feb 23- Nissan Motor Co said Carlos Ghosn, who has led the Japanese automaker for the past 16 years, will step aside as chief executive officer, handing over the helm to a long-time company veteran. The announcement ends years of speculation over when Ghosn would relinquish the top job at Nissan, Japan's No. 2 automaker, to focus on French alliance partner...

  • *Saikawa serves as Japan auto lobby chief. TOKYO, Feb 23- Nissan Motor Co said Carlos Ghosn, who has led the Japanese automaker for the past 16 years, will step aside as chief executive officer, handing over the helm to a long-time company veteran. "As Nissan's Chairman, I will continue to supervise and guide the company, both independently and within the...

  • Feb 22- Nissan Motor Co Ltd said on Wednesday it has appointed the company's co-chief executive officer, Hiroto Saikawa, as Nissan's chief executive, effective April 1. Carlos Ghosn, chairman of the board and CEO, will continue to serve as chairman, the company said in a statement. Ghosn will seek a renewal of his mandate at the companys general shareholders meeting...

  • PARIS, Feb 10- Renault and alliance partner Nissan are ready to forge closer capital ties but will only do so if France sells its Renault stake, Chief Executive Carlos Ghosn said on Friday. The comments are likely to deepen a power struggle that spilled into public view in April 2015 when the government increased its stake in the French carmaker to nearly 20...

  • PARIS, Feb 10- Renault and alliance partner Nissan are ready to pursue a closer tie-up, Chief Executive Carlos Ghosn said on Friday, but not before the French state sells its stake in the French carmaker. Ghosn, who heads both manufacturers, said a 2015 stand-off over French government voting rights had persuaded Nissan that no further consolidation was possible...

  • DAVOS, Switzerland, Jan 20- Nissan will review the case for future investment in Britain when the terms of the country's departure from the European Union finally become clear, the Japanese carmaker's Chief Executive Carlos Ghosn said on Friday. Nissan said in October it was going ahead with plans to build the next X-Trail and Qashqai SUVs at its plant in...

  • DAVOS, Switzerland, Jan 19- Business leaders in Davos, traditionally the high priests of globalisation, are talking up the benefits of local production this week to shield themselves from criticism from incoming U.S. Elected on a jobs-focused "America First" platform, Trump has taken to Twitter to rebuke major companies like General Motors, Lockheed Martin and...

  • DAVOS, Switzerland, Jan 18- Renault-Nissan has sold more than 400,000 electric cars globally and the leader in plug-in vehicles is planning further investment to maintain its market lead, the chief executive of the auto alliance said. Carlos Ghosn disclosed the figure during an interview with Reuters on the sidelines of the World Economic Forum in Davos.

  • President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market from Mexico, singling out luxury carmaker BMW for criticism following previous broadsides aimed at General Motors, Ford and Toyota. Mexico accounts for a fifth of all vehicle production in North America and has attracted...

  • *China electric car makers have large-scale advantage- BYD. BEIJING, Jan 11- More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan. China has spent billions of dollars on subsidies to help companies...