TOKYO, June 22- Renault SA absorbing Nissan Motor Co. and Mitsubishi Motors Corp is not an option as the carmakers look to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn said on Friday. He also serves as chief executive of France's Renault. Nissan CEO Hiroto Saikawa has said the alliance is not discussing a "full...
*Executive pay a thorny issue in Macron's France. Georges Plassat's 13 million euro payout was tantamount to "thuggish behavior" and did not tally with the state in which he left Europe's biggest retailer, government spokesman Benjamin Griveaux said on Sunday. It has particular resonance in France where President Emmanuel Macron and his centrist government...
*Executive pay a thorny issue in Macron's France. Georges Plassat's 13 million euro payout was tantamount to "thuggish behavior" and did not tally with the state in which he left Europe's biggest retailer, government spokesman Benjamin Griveaux said on Sunday. It has particular resonance in France where President Emmanuel Macron and his centrist government...
*Executive pay a thorny issue in Macron's France. Georges Plassat's 13 million euro payout was tantamount to "thuggish behaviour" and did not tally with the state in which he left Europe's biggest retailer, government spokesman Benjamin Griveaux said on Sunday. It has particular resonance in France where President Emmanuel Macron and his centrist government...
*Executive pay a thorny issue in Macron's France. Georges Plassat's 13 million euro payout was tantamount to "thuggish behaviour" and did not tally with the state in which he left Europe's biggest retailer, government spokesman Benjamin Griveaux said on Sunday. It has particular resonance in France where President Emmanuel Macron and his centrist government...
PARIS, June 16- Former Carrefour chief executive Georges Plassat is to give up part of his departure package, the French retailer said on Saturday after facing pressure from employers' bodies, unions and the government over his payout. Carrefour said in a statement that Plassat, who stepped down in July 2017, had decided not to apply a clause in his departure...
PARIS, June 15- Renault shareholders approved Chairman and CEO Carlos Ghosn's 7.4 million euro compensation for 2017, averting a boardroom crisis as the carmaker explores closer consolidation with alliance partner Nissan. France, Renault's biggest shareholder with a 15 percent stake, opposed the 2017 payout but backed this year's reduced package.
PARIS, June 15- Renault shareholders approved Chairman and CEO Carlos Ghosn's 7.4 million euro compensation for 2017, averting a boardroom crisis as the carmaker explores closer consolidation with alliance partner Nissan. Investors backed Ghosn's renewal for another four-year term and voted by 56 to 43 percent in favour of last year's payout- in addition...
*France backs Ghosn renewal, opposes 2017 pay. PARIS, June 14- Renault boss Carlos Ghosn faces another nail-biting salary vote when the French government, the carmaker's largest shareholder, is expected to oppose his 7.4 million euro 2017 payout at Friday's annual shareholder meeting. This time Ghosn may squeak through with the backing of influential proxy...
June 14- Renault SA's Carlos Ghosn is likely to step down as chief executive of the French carmaker before the end of his term in 2022, the Financial Times reported on Thursday. Ghosn would remain the chairman of Renault and also continue as chief executive and chairman of the Renault-Nissan-Mitsubishi alliance responsible for driving the three groups...
*France backs Ghosn renewal, opposes 2017 pay. PARIS, June 13- Renault boss Carlos Ghosn faces another nail-biting salary vote when the French government, the carmaker's largest shareholder, is expected to oppose his 7.4 million euro 2017 payout at Friday's annual shareholder meeting. This time Ghosn may squeak through with the backing of influential proxy...
PARIS, May 23- Renault and Nissan are reviewing the ownership structure of their carmaking alliance but are unlikely to merge into a single listed entity this year or next, Chief Executive Carlos Ghosn said on Wednesday. Speaking at a Bloomberg conference, Ghosn reiterated that the carmakers were examining ways to consolidate the Renault-Nissan-Mitsubishi...
TOKYO, May 14- Nissan Motor and its French automaking partner Renault SA are considering a range of options, including a more balanced equity structure, to ensure their alliance survives beyond its current leadership, the Japanese company said on Monday. The partnership, which also includes Japan's Mitsubishi Motors Corp, was the world's top-selling...
TOKYO, May 14- Nissan Motor announced the company and its automaking partner Renault SA were considering a range of options, including a more balanced equity structure, to ensure the existing alliance will survive beyond its current leadership. The automaking partnership, which also includes Japan's Mitsubishi Motors Corp, was the world's top-selling...
Renault's stock was up 4.6 percent at 97.41 euros as of 1057 GMT, after Bloomberg said the companies were in merger discussions, citing unidentified sources. Earlier studies, including one drawn up for Ghosn in a 2013 study codenamed "Project Caterpillar", would have combined the carmakers in a Dutch-registered group with shares listed in Paris and Tokyo,...
PARIS, March 28- French carmaker PSA Group threw its support behind efforts to create a European manufacturer of electric car batteries, as Chief Executive Carlos Tavares warned lawmakers on Wednesday against letting Asian dominance go unchallenged. While some carmakers assemble battery packs, Europe has no significant production of their constituent...
*Experts see rare chance for Nissan to buy if France agrees. TOKYO, March 8- After years of opposing France's influence on its partnership with Renault SA, Nissan Motor Co may finally have a chance to deepen ties with its French counterpart if the government agrees to sell its 15 percent stake in Renault. France sold a 4.73 percent stake in Renault late last year,...
TOKYO, March 8- Nissan Motor Co said on Thursday the Renault-Nissan-Mitsubishi alliance had no plans to change cross-shareholding ratios of its member companies, after Reuters reported that it was in talks with Renault over a closer tie-up. The carmakers are in talks with government officials over proposals by Renault-Nissan boss Carlos Ghosn that would...
TOKYO, March 8- Nissan Motor Co said on Thursday the Renault-Nissan-Mitsubishi Motors alliance had no plans to change cross-shareholding ratios of its member companies, after Reuters reported that it was in talks with Renault over a closer tie-up. The carmakers are in talks with government officials over proposals by Renault-Nissan boss Carlos Ghosn that...
LONDON/ FRANKFURT/ GENEVA, March 7- Renault and alliance partner Nissan are discussing plans for a closer tie-up in which the Japanese carmaker would acquire the bulk of the French state's 15 percent Renault holding, people close to the matter told Reuters. But any deal still faces significant hurdles- not least its extreme political sensitivity in France- and...
