French Government Seeking To Remove Carlos Ghosn From Renault

The French government has reportedly started the procedure of removing Carlos Ghosn from Renault, requesting a board meeting to discuss potential candidates for the automaker’s CEO position.

Being Renault’s biggest shareholder, the French government has so far supported the company in keeping Ghosn in office while he’s on trial for financial misconduct at Nissan.

Reuters reports that the government, which holds a 15-percent stake and two board seats in the company, has asked Renault to gather a nominations committee followed by a board meeting on January 20, in order to begin the process of finding who will replace Ghosn as CEO.

The move follows the new of Tokyo District Court denying Ghosn’s request for release on bail. Renault’s CEO is being accused of hiding his true compensation from Japanese authorities, failing to disclose close to $80 million in additional payments between 2010 and 2018. Nissan executive Greg Kelly, as well as Nissan themselves have also been charged with financial misconduct.

Thierry Bollore, who is currently acting as interim CEO at Renault, is considered one of the candidates for the position. Other potential candidates include Jean-Dominique Senard (Michelin’s CEO), Didier Leroy (Toyota exec) and one other person, according to inside sources.

French officials said that Ghosn should remain in his position as Renault Chairman and CEO, unless it became clear that he’ll be unable to return to his duties for much longer. With that said, the Tokyo District Court’s decision not to release Ghosn on bail is an “important development”, according to the French government.

more photos...
  • Mind Synthetic

    goooooooood, gooooooood

  • Liam Paul

    pretty sad cause I believe this is a coup

    • Stephen G

      it’s a coup alright. By all that is good to put criminals behind bars.

      • Liam Paul

        He has not even been giving a fair trail. Let’s face it. Japan law system is flawed in the way guilt is handed.

        • Stephen G

          Jake Patterson hasn’t had a fair trial yet either!

          • Liam Paul

            It’s not even remotely the same. Wow

          • Stephen G

            It’s exactly the same. Accused of a crime based on evidence and awaiting trial.

          • Liam Paul

            two different cases, in this case, they have no proof. in the other case they have proof, Nissan and japan have yet to show us the proof.

          • Stephen G

            If there wasn’t evidence then he wouldn’t be jailed and they don’t have to show YOU anything.

  • sigma7777777
  • brn

    “Renault’s biggest shareholder, the French government ”

    That’s not good.

  • Perry F. Bruns

    …with a crowbar.

Toyota Corolla Hatch Gets New Gear Down Under, Starts At AUD $23,335

Equipped with new safety and convenience features, the updated Corolla will arrive at Aussie dealers on November 1.

2020 BMW 2-Series Gran Coupe Teased Ahead Of Tomorrow’s Debut

BMW is finally ready to fully embrace front-wheel drive sedans.

Hyundai And Kia Settle Class Action Lawsuits Over 2.0- And 2.4-Liter GDI Engines

The settlement covers approximately 4.1 million vehicles in the United States.

Audi Grounds Their Flying Car Project

The company has suspended work on the project and is reviewing their partnership with Airbus.

Pimp Your 2020 Chrysler Pacifica With Official Red S Edition Package For $3,995

The Red S Edition package is available for 2020 Chrysler Pacifica Limited gas and hybrid models and focuses mostly on the interior.

Morris Commercial Teases Their Carbon Fiber-Bodied Electric Delivery Van

The upcoming model draws inspiration from the 1950’s Morris J-type van.

Buick Puts Bigger Battery Into China’s Velite 6 EV, Extends Range To 255 Miles

The new version of Buick’s EV gains an 148 HP electric motor and a 52.5 kWh battery pack, which extends its range by 68 miles.

Jeep Gladiator XMT Unveiled As A Light Tactical Military Truck

The Gladiator XMT could go into production during the second half of next year.

Hyundai Nexo And Tucson FCVs Have Racked Up Over 8.4 Million Miles In The U.S.

Despite not selling in high numbers, mainly due to the limited refueling infrastructure, the two models have covered a distance equal to 17 round-trip journeys to the surface of the Moon.

2020 Acura ILX Hits Showrooms, Retains Last Year’s $25,900 Starting Price

The 2020 ILX features available Apple CarPlay and Android Auto integration, plus the AcuraWatch safety suite as standard.