Renault

Read By

France ready to block Renault’s CEO pay check

France ready to block Renault’s CEO pay check

The French government plans to step in and force Renault’s board to comply with firm’s shareholders’ decision of rejecting Carlos Ghosn’s compensation for 2015. The majority of Renault’s investors have decided not to grant to chief executive Carlos Ghosn the 7.2-million-euro (8.12-million-dollar) pay package based on the automaker’s 2015 financial […]

Renault’s CEO pay check sparks controversy within company

Renault’s CEO pay check sparks controversy within company

Carlos Ghosn’s compensation for 2015 is a highly debated subject at Renault these days, as a majority of shareholders voted against the CEO’s pay package. During Renault’s annual general meeting of investors, 54 percent of investors spoken against a decision to pay to chief executive Carlos Ghosn a 7.2-million-euro (8.3-million-dollar) […]

French investigators also found emissions irregularities

French investigators also found emissions irregularities

Following an injury over the diesels’ emissions levels, the French authorities found some data anomalies, as tests revealed big gaps between laboratory tests and real-world ones. The French regulators started last year to perform emissions tests on about 100 diesel cars sold in the country, evidently following Volkswagen’s disclosure of […]

Ghosn to no longer be chairman of AvtoVAZ

Ghosn to no longer be chairman of AvtoVAZ

Ghosn will no longer be the chairman for Lada carmaker AvtoVAZ according to Renault-Nissan, showing recent tensions in terms of restructuring during a difficult time for Russia in terms of auto business. The Renault-Nissan chief Carlos Ghosn, 62, will be replaced by Sergei Skvortsov who is a senior executive at […]

Renault boosts investment in its Moroccan operations

Renault boosts investment in its Moroccan operations

Renault plans to increase the production of car parts in Morocco, investing around 1 billion dollars in this direction. Renault signed an agreement with the Moroccan government for a 10-billion-dirham investment (around 1 billion dollars) to build an “industry ecosystem” which will generate 50,000 new jobs and will increase the […]