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Business Carlos Ghosn

  • CANTON, Miss.— The United Auto Workers faces a strong anti-union campaign from Nissan Motor Co. as it tries to gain a foothold in the union-averse South by organizing workers at the Japanese automaker's Mississippi plant. As many as 4,000 workers will vote Aug. 3 and Aug. 4 at the vehicle assembly plant in Canton, just north of Jackson. Union supporters tried to...

  • PARIS, July 5- Shares in French carmaker Renault edged up on Wednesday after Renault struck a deal to buy a 49 percent stake in Shenyang Brilliance JinBei Automobile company as part of its move to boost sales in China of light commercial vehicles. Renault shares were up 0.2 percent in early session trading, outperforming a 0.1 percent decline on France's...

  • YOKOHAMA, June 27- Nissan Motor Co on Tuesday said it paid CEO Carlos Ghosn 1.098 billion yen in the year ended March, up 2.5 percent from the previous year. Ghosn, one of the best-paid auto executives, received a separate salary of 7.06 million euros last year as CEO of Renault SAC, Nissan's automating alliance partner. Ghosn stepped down as Nissan CEO at the end of...

  • TOKYO, June 22- A hastily-assembled group of investors looks set to win the bid for Toshiba Corp's prized memory chip business, but a lack of clear leadership or industry clout is raising questions about who will take tough decisions about strategy and investment. After a fiercely contested, months-long auction, Toshiba on Wednesday said a consortium of...

  • PARIS, June 15- Renault-Nissan has no current plans to introduce an additional bonus scheme for executives at the carmaking alliance, Chairman Carlos Ghosn said on Thursday. Ghosn made the comments at Renault's annual shareholder meeting after Reuters reported that alliance bankers had drawn up plans designed to channel millions of euros in extra,...

  • PARIS, June 13- Renault-Nissan alliance bankers have drawn up plans designed to channel millions of euros in additional, undisclosed bonuses to Chairman Carlos Ghosn and other managers via a specially created service company, according to documents seen by Reuters. The funds would be passed on as cash and stock bonuses to "encourage executives to pursue...

  • *Alliance to name single operating chief- sources. PARIS, June 7- Renault-Nissan boss Carlos Ghosn is recruiting a new operational second-in-command for the carmaking alliance, company sources told Reuters, in a move designed to prepare his own succession and advance the companies' integration. Nissan Chief Performance Officer Jose Munoz and CCO Yasuhiro...

  • *Alliance to name single operating chief- sources. *Ghosn prepared to chase more savings without merger. PARIS, June 7- Renault-Nissan boss Carlos Ghosn is recruiting a new operational second-in-command for the carmaking alliance, company sources told Reuters, in a move designed to prepare his own succession and advance the companies' integration.

  • *Annual op profit seen at Y685 bln vs Y778.4 bln street view. TOKYO, May 11- Nissan Motor Co forecast an unexpected 7.7 percent fall in operating profit this year on higher raw material costs and a negative currency impact, as it adjusts to changes in the U.S. market, its biggest, where larger vehicles are in demand. Nissan, Japan's second-largest automaker, expects a...

  • *Annual op profit seen at Y685 bln vs Y778.4 bln street view. TOKYO, May 11- Nissan Motor Co forecast an unexpected 7.7 percent fall in operating profit this year on higher raw material costs and a negative currency impact, as it adjusts to changes in the U.S. market, its biggest, where larger vehicles are in demand. Nissan, Japan's second-largest automaker, expects a...

  • 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...