PARIS (Reuters) - A senior Renault-Nissan executive has quit the troubled carmaking alliance to join Peugeot maker PSA Group (PEUP.PA), blaming Renault boss Thierry Bollore for forcing his exit. FILE PHOTO: Arnaud Deboeuf leaves after the Renault-Nissan-Mitsubishi alliance meeting, in Amsterdam, the Netherlands, November 29, 2018. REUTERS/Piroschka van de Wouw/File Photo Former alliance director Arnaud Deboeuf will become PSA’s industrial strategy director under Chief Executive Carlos Tavares, himself a former Renault (RENA.PA) second-in-command, the rival French carmaker confirmed on Tuesday. Deboeuf’s departure underscores deep tensions threatening to subsume the Renault-Nissan alliance in the wake of the November 2018 arrest of former Chairman Carlos Ghosn, now awaiting trial in Japan on financial misconduct charges he denies. Those tensions have been exacerbated by failed attempts under Bollore and new Renault Chairman Jean-Dominique Senard to secure a full … [Read more...] about Executive’s flight to PSA highlights Renault-Nissan tensions
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Jun 10, 11:25 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Wesley Dockery 06/10/19 AT 11:13 AM The Renault-Nissan alliance is shaky after Renault (RNSDF) said the company wanted a greater part in Nissan's (NSANY) new governance system since the ouster of former Renault CEO Carlos Ghosn in January. Renault is Nissan's biggest shareholder, with the French company having a 43.4% stake in Nissan. The new governance overhaul will add three committees covering nominations, renumerations and audit. But Renault chairman Jean-Dominique Senard has threatened to block the reform before the organization votes on the proposal on June 25, which would throw away Nissan's work on the changes. The governance changes "should not serve as a tool directed or used against Nissan's largest shareholder," Senard said in a letter sent to Nissan CEO Hiroto Saikawa. "Nissan finds Renault's new stance on this matter most … [Read more...] about Renault, Nissan At Odds Over New Governance System
Updated 1:13 am PDT, Friday, April 12, 2019 FILE - This Friday Sept. 15, 2017 file photo shows the logo of the Renault-Nissan-Mitsubishi alliance during a press conference in Paris. The new board of the Renault-Nissan-Mitsubishi alliance is holding its first meeting to plot out the group's future without jailed former boss Carlos Ghosn. less FILE - This Friday Sept. 15, 2017 file photo shows the logo of the Renault-Nissan-Mitsubishi alliance during a press conference in Paris. The new board of the Renault-Nissan-Mitsubishi alliance is holding its ... more Photo: Thibault Camus, AP Photo: Thibault Camus, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE - This Friday Sept. 15, 2017 file photo shows the logo of the Renault-Nissan-Mitsubishi alliance during a press conference in … [Read more...] about The Latest: Renault-Nissan-Mitsubishi eyes post-Ghosn plan
By Stephen Wilmot WSJ Fri., March 29, 2019 The Renault-Nissan Alliance turned 20 this week but still hasn’t figured out what it wants to be when it grows up. Auto makers Renault and Nissan signed their first agreement on March 27, 1999, giving birth to an unusual cooperation underpinned by cross-shareholdings. Mitsubishi joined the agreement in 2016 after a crisis. The founding partners marked their anniversary Wednesday with opposing messages. From Japan, Nissan released a governance report damning the concentration of power under former boss Carlos Ghosn, who came from Renault. From Europe, the Financial Times reported that Renault wants to restart merger talks with Nissan within 12 months. Earlier this month, the appointment of Renault chairman Jean-Dominique Senard as boss of a new Alliance board signaled a detente after the ructions of November, when Mr. Ghosn was arrested in Japan and deposed as Nissan chairman. But the honeymoon already seems to be … [Read more...] about Renault-Nissan-Mitsubishi Alliance Needs to Grow Up
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | What’s Next for the Renault-Nissan Alliance? Supported by The automakers need each other, but they also need a bold leader to secure their future. ByAmie Tsang Jan. 24, 2019 Renault, Nissan and Mitsubishi, on their own, aren’t among the top handful of the world’s auto manufacturers. Together, in a unique alliance, however, they outmatch the sales of giant automakers like Volkswagen. But the happy confederation has been threatened since its leader, Carlos Ghosn, was arrested on suspicion of financial wrongdoing. He’s no longer in power, and sits in a Tokyo jail cell. Mr. Ghosn personified the alliance, drawing together disparate auto cultures by the force of his personality. Can it survive without him? What has happened since Mr. Ghosn was arrested? A leadership vacuum has … [Read more...] about What’s Next for the Renault-Nissan Alliance?