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Business Carlos Ghosn

  • PARIS— French carmaker Renault said Friday it made record profits and sales last year, leading the board to give CEO Carlos Ghosn a new four-year term. Renault's board cited the company's "exceptional results" in recommending that shareholders renew Ghosn's term after his mandate expires in June. Ghosn has been the face and driving force for the alliance among...

  • *Ghosn: Nissan tie-up impossible with France as shareholder. BOULOGNE-BILLANCOURT, France, Feb 16- French carmaker Renault posted record sales and profit for 2017, bolstering Chief Executive Carlos Ghosn's position in the face of government demands for a clearer succession plan and deeper integration with alliance partner Nissan. Operating profit at the...

  • Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, speaks during a news conference in Paris, France, September 15, 2017.

    The strong financial performance may help Ghosn to resist pressure from the French government, Renault's biggest shareholder.

  • BOULOGNE-BILLANCOURT, France, Feb 16- French carmaker Renault posted record sales and profit for 2017, bolstering Chief Executive Carlos Ghosn's position in the face of government demands for a clearer succession plan and deeper integration with alliance partner Nissan. Renault said on Friday its operating profit surged 17.4 percent to an all-time high...

  • PARIS, Feb 15- Renault said on Thursday its board had asked Chief Executive Carlos Ghosn to stay on for another four years and pursue closer integration with alliance partner Nissan. France, which owns 15 percent of Renault and backed the resolutions, has been pressing for a deeper tie-up with Nissan to ensure the carmakers' 19- year-old alliance can survive the...

  • *Thierry Desmarest to step down, company confirms. PARIS, Feb 13- Renault will hire insurance boss Thierry Derez to its board, sources told Reuters, replacing senior director Thierry Desmarest, who resigned days before a key meeting on succession planning for the carmaker's Chief Executive Carlos Ghosn. Desmarest will step down after the Feb. 15 meeting at which...

  • *Desmarest to step down after Feb 15 board meeting. PARIS, Feb 13- French carmaker Renault said on Tuesday board member Thierry Desmarest would leave the company on Feb. 15, when Chief Executive Carlos Ghosn is expected to appoint a new chief operating officer. Sources have told Reuters that Chief Performance Officer Thierry Bollore is set to be promoted to...

  • PARIS, Feb 13- French carmaker Renault said on Tuesday that board member Thierry Desmarest would leave the company on Feb. 15, ahead of a meeting at which Chief Executive Carlos Ghosn is expected to appoint a new chief operating officer. Desmarest's impending departure was reported earlier this week by Reuters. Sources told Reuters that Chief Performance...

  • *France to back Thierry Bollore as COO. PARIS, Feb 12- The French government said on Monday it will back Renault boss Carlos Ghosn's nominee for chief operating officer but wants an agreement to transform the Renault-Nissan alliance into an "integrated" automotive group. The ministry statement follows the surprise resignations of senior Renault director...

  • PARIS, Feb 12- The French government said on Monday it will back Renault boss Carlos Ghosn's nominee for chief operating officer but wants an agreement to transform the Renault-Nissan alliance into an "integrated" automotive group. The French state, Renault's biggest shareholder, sees Chief Performance Officer Thierry Bollore's promotion to...

  • *Desmarest exits amid tensions with government shareholder. PARIS, Feb 11- Senior Renault board member Thierry Desmarest has resigned from the French carmaker, sources told Reuters, days ahead of a meeting at which Chief Executive Carlos Ghosn is asking directors to back his chosen successor's appointment. His exit closely follows that of Chief Performance...

  • *Desmarest exit amid tensions with government shareholder. PARIS, Feb 11- Senior Renault board member Thierry Desmarest has resigned from the French carmaker, sources told Reuters, days ahead of a meeting at which Chief Executive Carlos Ghosn is asking directors to back his chosen successor's appointment. His exit follows that of Chief Performance Officer...

  • TOKYO, Jan 30- The Renault-Nissan automaking alliance emerged as the world's biggest seller of light vehicles in 2017, bumping Volkswagen AG off the top spot, after the inclusion of Mitsubishi Motors' numbers boosted its final tally. Nissan Motor Co's sales hit a record high of 5.82 million, while French automaker Renault SA has reported sales of 3.76 million.

  • *Corporate governance changes afoot- Ghosn. *Up to French state to decide on its stake in Renault- Ghosn. PARIS, Jan 17- Renault-Nissan is to pursue plans to create separate strategy and operations leadership roles, Renault CEO Carlos Ghosn said on Wednesday in a sign he may pull back as boss of the French carmaker.

  • FRANKFURT/ PARIS, Jan 17- Volkswagen hailed a record 10.7 million vehicle sales in 2017, a 4.3 percent rise, but the new total prompted the Renault-Nissan alliance to claim the crown as the world's leading automobile group on Wednesday. Last year's sales by VW, which was the world's biggest carmaker by sales in 2016 but is still dealing with the fallout from a...

  • *Corporate governance changes afoot- Ghosn. *Up to French state to decide on its stake in Renault- Ghosn. PARIS, Jan 17- Renault-Nissan is to pursue its plans of splitting up management roles between those dealing with strategic matters and those handling more operational affairs, said Renault boss Carlos Ghosn.

  • FRANKFURT, Jan 17- Volkswagen reported a 4.3 percent rise in 2017 sales to 10.7 million vehicles, staying ahead of Toyota in the race to keep the title of world's biggest carmaker although Renault-Nissan has forecast it would go top. Last year's sales by the German firm, which is still dealing with fallout from a scandal over rigged diesel emissions tests, were its...

  • PARIS, Jan 5- The Renault-Nissan-Mitsubishi alliance is pooling $200 million in a new mobility tech fund, three sources said, in the latest move by major carmakers to adapt to rapid industry change by investing in startups through their own venture capital arms. The fund, due to be unveiled by Chief Executive Carlos Ghosn at the CES tech industry show in Las Vegas...

  • PARIS, Dec 13- French carmaker Renault has bought a stake in a glossy magazine publishing group, its first foray into media, as it prepares to keep travelers occupied in the era of driverless cars. Renault billed its move into media as the first among the world's automobile manufacturers, who are carrying out advanced testing of self-driving cars in France and...

  • *France pares holding to 15 pct. PARIS, Nov 3- Shares in Renault rose on Friday after France pared back its holding to the 15 percent level that preceded a 2015 power struggle with the carmaker's CEO Carlos Ghosn, removing a residual irritant in their relationship. The French state said it had sold a 4.7 percent stake in Renault for 1.2 billion euros, implying a price...