Renault - updates

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France approves 5-billion-euro emergency loan for Renault

Jun 02, 2020 - 10:00 PM

French Finance Minister Bruno Le Maire approves the loan after a meeting with executives, labor representatives, and local officials concerned by a sweeping overhaul unveiled by Renault

RENAULT. The Renault headquarters in Boulogne-Billancourt, France, on November 19, 2018. File photo by Eric Piermont/AFP

Thousands protest mass Renault job cuts

May 31, 2020 - 12:55 AM

'We need these jobs, otherwise it's a whole territory that will die,' says a Renault union member in Maubeuge, France

Protester holds a banner reading " don't touch MCA its our plant" as they demonstrate against the Renault automaker's decision to cut 15,000 jobs worldwide, including 4,600 in France, in Maubeuge, on May 30, 2020, following the announcement of the Renault plant in Val de Sambre which is threatened by the savings plan. - The management of the manufacturer plans to transfer production of Kangoo electric utilities to the city of Douai 70 km away, which would inherit a new platform. Â  (Photo by FRANCOIS LO PRESTI / AFP)

Renault to cut 15,000 jobs in 'vital' cost-cutting plan

May 29, 2020 - 8:30 PM

(UPDATED) French carmaker Renault says nearly 4,600 jobs would be cut in France and more than 10,000 in the rest of the world – some 8% of the company's global workforce

RENAULT. This picture taken on May 7, 2020, shows the plant of Renault in Sandouville, France. Photo by Lou Benoist/AFP

Renault-Nissan-Mitsubishi deepen their alliance

May 27, 2020 - 8:45 PM

As the auto industry faces an existential crisis from the coronavirus pandemic, Renault, Nissan, and Mitsubishi pledge to work together to 'enhance efficiency and competitiveness'

ALLIANCE. A new logo showing Renault, Nissan, and Mitsubishi is pictured ahead of a press conference at the Nissan headquarters in Yokohama, Japan, on March 12, 2019. File photo by Behrouz Mehri/AFP

Macron unveils 8-billion-euro French auto rescue, champions electric cars

May 27, 2020 - 7:30 AM

French President Emmanuel Macron details a plan to boost the coronavirus-hit auto industry in France, the home of Renault, Citroen, and Peugeot

French President Emmanuel Macron delivers a speech after a visit to a factory of manufacturer Valeo in Etaples, near Le Touquet, northern France on May 26, 2020 as part of the launch of a plan to rescue the French car industry. (Photo by Ludovic MARIN / POOL / AFP)

After Ghosn and coronavirus, Renault and Nissan weigh future

May 24, 2020 - 9:35 PM

The outlook for the Renault-Nissan alliance already looked bleak enough in 2019. Then along comes the coronavirus.

French court orders Renault plant to halt production over virus fears

May 08, 2020 - 8:15 AM

The court says Renault did not 'ensure the safety of workers in the factory facing the risk linked to COVID-19'

This picture taken on May 7, 2020, shows the plant of French Renault car maker in Sandouville, northern France. - Le Havre judiciary courthouse has condemned on May 7, 2020, French car maker Renault to suspend the return to production in Sandouville after protective measures against the COVID-19 (novel coronavirus) were considered insufficient. (Photo by Lou BENOIST / AFP)

France readying 'historic' package for Air France, Renault

Apr 25, 2020 - 7:50 AM

In exchange for a multibillion-euro loan during the coronavirus crisis, Air France would have to 'present a plan for reducing CO2 emissions and transforming its fleet to be less polluting'

AIR FRANCE-KLM. A plane of the French-Dutch group. File photo by Bertrand Guay/AFP

Virus hurts Renault Q1 sales

Apr 23, 2020 - 4:30 PM

Renault's sales in January-March 2020 fall to 10.1 billion euros ($10.9 billion), a drop of 19.2% from the same period a year ago

RENAULT. The Renault headquarters in Boulogne-Billancourt, France, on November 19, 2018. File photo by Eric Piermont/AFP

Auto industry races to make ventilators during virus crisis

Apr 01, 2020 - 8:30 PM

Some experts say building critical care ventilators will require different techniques and procedures from what a car factory normally sees

This handout picture made available on March 30, 2020 by Spanish automobile manufacturer SEAT shows workers assembling ventilators manufactured at the company's plant of Martorell. - Throughout Europe, in the face of a shortage of masks, gloves or ventilators, all kinds of industries are striving to adapt their production line to put it at the service of the fight against the coronavirus. (Photo by Handout / SEAT / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / SEAT " - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

Renault restarting China, South Korea plants after virus shutdown

Mar 30, 2020 - 10:45 PM

Renault's factories in the Chinese city of Wuhan and the South Korean city of Busan are resuming operations. Other factories remain closed.

RENAULT. A photo taken on November 19, 2018 shows the headquarters of the Renault car manufacturer in Boulogne Billancourt, outside Paris. File photo by Eric Piermont/AFP

European automakers idle plants during virus crisis

Mar 17, 2020 - 7:00 AM

Among those halting production at several plants are Fiat Chrysler, the PSA Group, and Renault

Renault files civil claim against Ghosn

Feb 25, 2020 - 3:10 PM

Renault says it reserves the right 'to solicit damages with interest,' as former boss Carlos Ghosn is accused of financial misconduct

DEFIANT. Former Renault-Nissan boss Carlos Ghosn vows to clear his name during a press conference in Beirut, Lebanon, on January 8, 2020. Photo by Joseph Eid/AFP

France steps up probe into Ghosn's Versailles wedding

Feb 20, 2020 - 7:30 AM

Former Nissan chairman Carlos Ghosn is suspected of wrongly obtaining use of the Palace of Versailles

GHOSN. Former Nissan chairman Carlos Ghosn leaves his lawyers' offices after he was released earlier in the day from a detention centre after posting bail in Tokyo on March 6, 2019. File photo by Kazuhiro Nogi/AFP

Furious shareholders blast Nissan bosses

Feb 18, 2020 - 5:25 PM

Shareholders confront Nissan CEO Makoto Uchida on issues such as the slumping stock price and the pay of company executives

Nissan Motor president and CEO Makoto Uchida speaks during a press conference to announce the company's third quarter financial results at their headquarters in Yokohama on February 13, 2020. - Crisis-hit Japanese automaker Nissan said on February 23 its net profit plunged more than 87 percent for the nine months to December as it struggles with weak demand and fallout from the arrest of former boss Carlos Ghosn. (Photo by Behrouz MEHRI / AFP)

Ghosn escape proves fresh headache for ailing Nissan

Jan 10, 2020 - 5:40 PM

The Ghosn scandal has already cost Nissan dearly

Lebanon bans Ghosn from foreign travel

Jan 09, 2020 - 7:25 PM

(UPDATED) Ex-auto magnate Carlos Ghosn, who fled to Lebanon, is 'banned from traveling until his judicial file arrives from Japan'

Former Renault-Nissan boss Carlos Ghosn addresses a large crowd of journalists on his reasons for dodging trial in Japan, where he is accused of financial misconduct, at the Lebanese Press Syndicate in Beirut on January 8, 2020. - The 65-year-old fugitive auto tycoon vowed to clear his name as he made his first public appearance at a news conference in Beirut since skipping bail in Japan. Ghosn, who denies any wrongdoing, fled charges of financial misconduct including allegedly under-reporting his compensation to the tune of $85 million. (Photo by JOSEPH EID / AFP)

Defiant car magnate Ghosn hits back against Japanese 'plot'

Jan 08, 2020 - 9:51 PM

(UPDATED) Former Renault-Nissan boss Carlos Ghosn tells media in Lebanon he was 'presumed guilty' and had 'no choice' but to flee Japan

Former Renault-Nissan boss Carlos Ghosn addresses a large crowd of journalists on his reasons for dodging trial in Japan, where he is accused of financial misconduct, at the Lebanese Press Syndicate in Beirut on January 8, 2020. - The 65-year-old fugitive auto tycoon vowed to clear his name as he made his first public appearance at a news conference in Beirut since skipping bail in Japan. Ghosn, who denies any wrongdoing, fled charges of financial misconduct including allegedly under-reporting his compensation to the tune of $85 million. (Photo by JOSEPH EID / AFP)

Planes, trains, and boxes: Carlos Ghosn's audacious escape

Jan 08, 2020 - 10:44 AM

Carlos Ghosn's escape from Japan, where he was awaiting trial, is worthy of a Hollywood plot

Former Nissan chairman Carlos Ghosn leaves his lawyers' offices after he was released earlier in the day from a detention centre after posting bail in Tokyo on March 6, 2019. - Ghosn posted bail of 1 billion yen (9 million USD) in cash on March 6, paving the way for his release from the Tokyo detention centre after more than three months in custody. (Photo by Kazuhiro NOGI / AFP)

Carlos Ghosn's escape: What we know

Jan 03, 2020 - 7:27 AM

Here's what we know about the former Renault-Nissan boss's escape

FLEE. In this file photo taken on April 3, 2019 Former Nissan Chairman Carlos Ghosn and his wife Carole (right) leave the office of his lawyer in Tokyo. Photo by Kazuhiro Nogi/AFP

Ghosn confirms he is in Lebanon, blasts 'rigged Japanese justice system'

Dec 31, 2019 - 2:55 PM

'I am now in Lebanon and will no longer be held hostage by a rigged Japanese justice system where guilt is presumed, discrimination is rampant, and basic human rights are denied,' says the tycoon in a statement.

FLEES INJUSTICE. In this file photo taken on September 15, 2017 then Renault-Nissan Chairman and CEO Carlos Ghosn gestures as he addresses a press conference in Paris. Photo by Eric Piermont/AFP

Renault-Nissan alliance in flux a year after Ghosn shock

Nov 17, 2019 - 10:00 PM

One year since the arrest of automobile executive Carlos Ghosn, how is the alliance between Renault and Nissan?

A new logo showing Renault, Nissan and Mitsubishi is pictured ahead of a press conference at the Nissan headquarters in Yokohama, Kanagawa prefecture on March 12, 2019. (Photo by Behrouz MEHRI / AFP)

One year after arrest, Ghosn seeks to throw out case against him

Nov 17, 2019 - 6:39 PM

Legal experts and even the ex-Nissan chief's defense lawyer are doubtful of his chances

EMBATTLED. Former Nissan chairman Carlos Ghosn leaves the office of his lawyer Junichiro Hironaka in Tokyo on April 3, 2019. File photo by Kazuhiro Nogi/AFP

Renault ousts CEO Bollore, hoping to close out Ghosn era

Oct 11, 2019 - 7:56 PM

In a terse statement, Renault gives no reason for Thierry Bollore's ouster, 9 months after he was named to follow Carlos Ghosn

RENAULT. In this file photo, then CEO of French carmaker Renault Thierry Bollore speaks during a press day at the IAA Car Show in Frankfurt, on September 10, 2019. File photo by Tobias Schwarz/AFP

French police raid Renault HQ over Ghosn wedding probe

Jul 03, 2019 - 9:08 PM

A Renault spokesman confirms the search is under way and says the company is 'fully cooperating with the authorities'

RENAULT. A photo taken on November 19, 2018 shows the headquarters of the Renault car manufacturer in Boulogne Billancourt, outside Paris. File photo by Eric Piermont/AFP

Nissan shareholders approve post-Ghosn governance overhaul

Jun 25, 2019 - 6:32 PM

Nissan CEO Hiroto Saikawa assures shareholders he will protect the independence of Nissan, part of a three-way alliance with Renault and Japan's Mitsubishi Motors

Renault and French gov't trade blame over failed Fiat deal

Jun 13, 2019 - 11:03 PM

'We did not derail the wedding between Renault and Fiat,' says French Finance Minister Bruno Le Maire

FAILED DEAL. In this file photo,  French Economy Minister Bruno Le Maire sits next to head of French Parliament Finance Commission, Eric Woerth (R), before a hearing by the committee on finance, economy and budgetary control at the Palais Bourbon in Paris on September 27, 2017.  File photo by Philippe Lopez/AFP

Renault vows 'fresh start' for alliance with Nissan

Jun 12, 2019 - 11:53 PM

'There can be no success for Renault without the success of the alliance,' says Renault chairman Jean-Dominique Senard

ALLIANCE. In this file photo taken on March 12, 2019 Nissan Motors president and CEO Hiroto Saikawa (R) looks at Renault chairman Jean-Dominique Senard (L) during a press conference at the Nissan headquarters in Yokohama, Kanagawa prefecture. File photo by Behrouz Mehri/AFP

Renault warns Nissan it will block governance reshuffle

Jun 10, 2019 - 10:17 PM

(UPDATED) Renault reportedly fears the overhaul will reduce its influence in Nissan, and ties between the partners have already frayed since Carlos Ghosn's arrest and skepticism at the Japanese automaker

Fiat Chrysler slams brakes on Renault merger offer

Jun 06, 2019 - 5:25 PM

(UPDATED) 'It has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully,' says Fiat Chrysler, as it withdraws its Renault proposal

(FILES) In this file photo taken on May 27, 2019 shows the logos of Italian-US carmaker Fiat Chrysler Automobiles (FCA) and French auto maker Renault. - Carmaker Fiat Chrysler withdrew an offer to merge with Renault on June 5, 2019, after the French auto company postponed its decision on the project, two sources close to the negotiations told AFP. (Photo by MARCO BERTORELLO / AFP)

Renault to bring case against Ghosn over expenses

Jun 05, 2019 - 6:20 PM

Renault and Nissan discover 11 million euros ($12 million) of questionable expenses at their Dutch subsidiary RNBV, linked to Carlos Ghosn

CARLOS GHOSN. Former Nissan Chairman Carlos Ghosn leaves the office of his lawyer Junichiro Hironaka in Tokyo on April 3, 2019. File photo by Kazuhiro Nogi/AFP

Crisis-hit Nissan shakes up board, keeps boss

May 17, 2019 - 4:11 PM

The firm will propose to shareholders a new board structure with 11 members, 6 of whom will be external, as Nissan attempts to improve corporate governance in the wake of ex-chairman Carlos Ghosn's arrest for alleged financial misconduct

RENAULT-NISSAN. In this file photo taken on March 12, 2019 Nissan Motors president and CEO Hiroto Saikawa (R) looks at Renault chairman Jean-Dominique Senard (L) during a press conference at the Nissan headquarters in Yokohama, Kanagawa prefecture. Photo by Behrouz Mehri/AFP

Ghosn wins bail in Japan but banned from seeing wife

Apr 25, 2019 - 5:21 PM

(UPDATED) Under the conditions of his bail, Carlos Ghosn must stay in Japan and must live in a court-appointed residence with cameras to monitor his movements amid fears he might try to destroy evidence

BAIL. In this file photo, former Nissan chairman Carlos Ghosn leaves his lawyers' offices after he was released earlier in the day from a detention center after posting bail in Tokyo on March 6, 2019. File photo by Kazuhiro Nogi/AFP

Japan court extends Ghosn detention until April 14

Apr 05, 2019 - 2:14 PM

A statement from the Tokyo District Court says it accepts a request from prosecutors to detain the 65-year-old auto tycoon for a further 10-day period that can subsequently be extended once more

Junichiro Hironaka (R) and Sho Kosasa (L), lawyers for former Nissan chief Carlos Ghosn, attend a press conference in Tokyo on April 4, 2019. Former Nissan chief Carlos Ghosn was rearrested early on April 4 in Tokyo on fresh financial misconduct allegations, with the auto tycoon slamming his detention as "outrageous and arbitrary". CHARLY TRIBALLEAU / AFP

Ex-Nissan chief Ghosn rearrested in Tokyo

Apr 04, 2019 - 7:56 AM

(UPDATED) Public broadcaster NHK and other media say prosecutors had entered Ghosn's temporary accommodation in central Tokyo early Thursday morning and that he left with them by car shortly afterwards

REARRESTED. Former Nissan Chairman Carlos Ghosn leaves the office of his lawyer Junichiro Hironaka in Tokyo on April 3, 2019. Photo by  Kazuhiro NOGI/AFP

Ghosn tweets press conference as authorities 'mull fresh charge'

Apr 03, 2019 - 2:47 PM

(UPDATED) Japanese media report authorities are probing a possible aggravated breach of trust charge related to at least $32 million in Nissan funds transferred to a distributor in Oman

ANOTHER CASE. This file photo taken on September 15, 2017 shows then-Renault-Nissan chairman and CEO Carlos Ghosn gesturing as he addresses a press conference in Paris. Photo by ERIC PIERMONT/AFP

Renault, Nissan, Mitsubishi unveil new joint board post-Ghosn

Mar 12, 2019 - 5:20 PM

'We have decided to join our forces again, to enhance the strength of our collaboration,' says Renault Chairman Jean-Dominique Senard

JOINT BOARD. Nissan Motors president and CEO Hiroto Saikawa (C), Renault chairman Jean-Dominique Senard (L) and Mitsubishi Motors chairman and CEO Osamu Masuko (R) take their seats at the start of a press conference at the Nissan headquarters in Yokohama, Kanagawa prefecture on March 12, 2019. Photo by Behrouz Mehri/AFP

Ghosn out on bail after more than 100 days

Mar 06, 2019 - 6:50 PM

Former Nissan chief Carlos Ghosn leaves the detention center in northern Tokyo flanked by guards, wearing a blue cap, a white medical face mask, and a work jacket with orange reflective stripes

ON BAIL. Former Nissan chairman Carlos Ghosn leaves the Tokyo Detention House following his release on bail in Tokyo on March 6, 2019. Photo by Jiji Press/AFP

Ex-Nissan chief Carlos Ghosn makes fresh bail request

Feb 28, 2019 - 6:27 PM

It is the first bail request filed by the 64-year-old since he shook up his legal team as he crafts his defense to 3 charges of financial misconduct

BAIL REQUEST. This file photo taken on September 15, 2017 shows then-Renault-Nissan chairman and CEO Carlos Ghosn gesturing as he addresses a press conference in Paris. File photo by Eric Piermont/AFP

Ghosn held $260,000 Rio party billed to Renault-Nissan, documents show

Feb 21, 2019 - 6:39 PM

According to documents seen by AFP, Carlos Ghosn invited 8 couples to watch the Carnival parade in Rio de Janeiro in February 2018 from a beach-side luxury hotel

GHOSN. News of the party is the latest evidence of Carlos Ghosn's expensive lifestyle to emerge. File photo by Jiji Press/AFP

Ghosn case a chance to 'mend' Japan's justice system – lawyer

Feb 21, 2019 - 10:42 AM

Junichiro Hironaka, Carlos Ghosn's new lawyer, says: 'Since it's turning out to be an international issue, I think it's an opportunity to mend the system to global standards'

TOP-CALIBER. Junichiro Hironaka, new lawyer of former Nissan chief Carlos Ghosn, speaks with the media outside his office building in Tokyo on February 13, 2019. Photo by Behrouz Mehri/AFP

Renault ends Ghosn era with Nissan-induced profits plunge

Feb 15, 2019 - 11:20 AM

Renault's new chairman Jean-Dominique Senard is in Japan for talks with Nissan, hoping to smooth relations which grew strained under Carlos Ghosn's leadership

(FILES) In this file photo taken on November 8, 2016, Renault-Nissan Alliance chief executive Carlos Ghosn poses for a portrait after an interview at the Web Summit at Parque das Nacoes in Lisbon. - The case of auto tycoon Carlos Ghosn has gripped Japan and the business world since his stunning arrest in November 2018, and now he is finally getting his day in court. Ghosn will be able to make his first public statement at a brief hearing on January 8, 2019 after his lawyers used an obscure article of the Constitution to demand an explanation for his ongoing detention. (Photo by Patricia De Melo MOREIRA / AFP)

Renault blocks payouts to Ghosn as he shuffles legal team

Feb 14, 2019 - 1:45 AM

Detained former boss Carlos Ghosn will not be getting payouts worth 10 million euros

READY TO PAY. Ghosn's lawyer says the former Renault boss is ready to pay the Palace of Versailles for a wedding party held there in 2016. File photo by Eric Feferberg/AFP

Renault denounces Nissan over Ghosn investigation – report

Feb 10, 2019 - 4:03 PM

Lawyers for French carmaker Renault say they have 'serious concerns about the methods used' by Nissan and its legal team

UNSATISFIED. This file photo shows a man walking in front of the logo of Japan's Nissan Motor Corporation at its global headquarters in Yokohama, Kanagawa prefecture. Photo by Kazuhiro Nogi/AFP

Ex-Renault CEO Ghosn ready to pay Versailles wedding bill – lawyer

Feb 09, 2019 - 9:04 AM

Ghosn says he is ready to pay the fee, but was not aware that he owed it because he hasn't been billed

(FILES) In this file photo taken on April 29, 2005 then-Nissan's chief executive Carlos Ghosn gestures during the Renault general assembly in Paris. - A Tokyo court on January 15, 2019 rejected a request for bail for ex-Nissan chief Carlos Ghosn, who faces three charges of financial misconduct and has been detained since November. (Photo by Eric Feferberg / AFP)

Ghosn under scrutiny over 50,000-euro wedding bill

Feb 07, 2019 - 9:29 PM

The latest charges involve Carlos Ghosn's lavish second marriage at the Chateau de Versailles outside Paris in October 2016

GHOSN. This file photo taken on January 6, 2015 shows then president and CEO of Japan's auto company Nissan Carlos Ghosn during a press conference in Rio de Janeiro. File photo by Yasuyoshi Chiba/AFP

Nissan taps new Renault boss to replace Ghosn on board

Feb 05, 2019 - 7:37 PM

The decision to turn over Carlos Ghosn's board seat to Jean-Dominique Senard must still be ratified by shareholders, and the company says it has set an April 8 date for an extraordinary shareholders' meeting

NEW LEADERS. French carmaker Renault's newly appointed board chairman Jean-Dominique Senard (L) delivers a speech next to new chief executive Thierry Bollore during a press conference at the headquarters of the French car manufacturer Renault in Boulogne Billancourt, near Paris on January 24, 2019. File photo by Eric Piermont/AFP

Renault plays safe with French successors to Ghosn

Jan 24, 2019 - 9:53 PM

Renault names Thierry Bollore and Jean-Dominique Senard to take over the CEO and chairman jobs

NEW LEADERS. French carmaker Renault's newly appointed board chairman Jean-Dominique Senard (L) delivers a speech next to new chief executive Thierry Bollore during a press conference at the headquarters of the French car manufacturer Renault in Boulogne Billancourt, near Paris on January 24, 2019. Photo by Eric Piermont/AFP

Ghosn resigns as Renault boss, French group enters new era

Jan 24, 2019 - 6:49 PM

A senior director from the firm 'received last night the letter of resignation from Carlos Ghosn,' says French Finance Minister Bruno Le Maire

Renault board to replace Ghosn on January 24

Jan 22, 2019 - 9:33 PM

Renault, part of a powerful alliance with Japanese carmakers Nissan and Mitsubishi, has officially declined to comment on Carlos Ghosn's replacement

GHOSN. In this file photo taken on November 8, 2016, Renault-Nissan Alliance chief executive Carlos Ghosn poses for a portrait after an interview at the Web Summit at Parque das Nacoes in Lisbon. File photo by Patricia De Melo Moreira/AFP