Renault's board votes to oust chief executive Thierry Bollore, as the French carmaker and Japanese partner Nissan seek a fresh start following the scandal-hit tenure of Carlos Ghosn. More here:
) seek to rekindle their alliance following the scandal-hit tenure of former alliance supremo Carlos Ghosn.
With new faces at the helm, Renault chairman Jean-Dominique Senard is hoping to draw a line under almost a year of turmoil and revive cooperation between two carmakers once seen as destined to fully merge. Following Ghosn’s arrest, a feeling of stagnation around joint Renault-Nissan projects, including on issues such as advancing on cost savings, had begun to set in, people at Renault have said. These would now be the first priority, according to a source close to the carmaker.
Senard reiterated on Friday that a tie-up with Fiat, which was abandoned in June, was not at present on the agenda. Renault, the dominant partner in the alliance with a 43% stake in Nissan, named two deputies to back up Delbos - top sales executive Olivier Murguet and a senior manufacturing and supply chain chief, Jose-Vicente de los Mozos.The Japanese firm picked Makoto Uchida, previously the head of its Chinese business, to replace Hiroto Saikawa, who stepped down as CEO in September after he admitted to being improperly overpaid.
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