Tag Archives: Renault

Ghosn, Pélata, others Lose Bonus over Renault Spy Case

Posted on 15 March 2011 by Ken Zino

Renault’s board of directors has approved a plan that would see CEO and President Carlos Ghosn and Chief Operating Officer Patrick Pélata, as well as other involved senior managers lose their 2010 bonuses and 2011 stock options because of the wrongful termination in January of three employees on false charges of industrial spying.
This ends speculation that Ghosn’s and Pélata’s positions were threatened by the corporate bungling, which became a minor political controversy in France. Pélata had tendered his resignation, but Ghosn refused to accept it.
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Renault Spy Case Executive Firings Wrong Prosecutor Says. French Government Investigations Continue into the Fraud

Posted on 14 March 2011 by Ken Zino

The board of directors of Renault met today in an unscheduled meeting after a French prosecutor said earlier that three executives dismissed by Renault are innocent of claims by Renault that industrial spying was going on and that the executives were depositing payments into bank accounts in Switzerland and Liechtenstein. Continue reading →

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Hertz to Offer Rental Renault Electric Vehicles in Europe

Posted on 3 March 2011 by Ken Zino

Hertz said that it plans to add 500 units of the Renault EV range to its fleet over the next two years in what can be characterized as a modest effort to see if there really is a rental market for EVs. Avis claims it has similar, but thus far vague plans in Europe for renting rival Citroen EVs as well.< Continue reading →

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Infiniti to Go F1 Racing Via Renault – Branding Nightmare?

Posted on 1 March 2011 by Ken Zino

Nonetheless, Renault’s presence continued after 35 years of competition in what boosters maintain is the preeminent motor racing series in the face of financial and sex scandals that rival the antics of Hollywood personalities and the imaginations script writers. Continue reading →

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Nissan Building Battery Plant in Portugal for Electric Vehicles

Posted on 11 February 2011 by Ken Zino

Both Nissan and Renault are betting heavily on the market acceptance of electric vehicles in mature markets, starting with the Leaf now in limited production. By 2012 the Alliance will offer four electric vehicles, and more new models are planned from 2014 to 2016. Renault and Nissan plan to sell a cumulative 1.5 million EVs worldwide by 2016. Starting in 2015 the Alliance will have a production capacity of 500,000 EVs a year. Continue reading →

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Renault Shifts Most of New €5.7 billion Investment out of European Plants. Promises No Job Losses in France

Posted on 2 February 2011 by Ken Zino

Renault SA (RNO.FR) said this morning that it is adjusting its industrial base and putting €5.7 billion ($7.9 b) investment into plants by 2013, largely in emerging markets. The French automaker was quick to add that France would remain the … Continue reading →

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EU Auto Sales Slump Continues in 2010 for Third Straight Year

Posted on 17 January 2011 by Ken Zino

The European passenger car market shrank for the third straight year in 2010, with registrations declining by 5.5%, from 2009, according to the latest data just released from ACEA, the automakers’ trade group in the EU. Continue reading →

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Renault 4 Anniversary – World’s Most Popular Car after Beetle and Model T

Posted on 7 December 2010 by Ken Zino

The third best selling model in auto history and the unquestioned bestselling French car globally, the Renault 4 celebrates its 50th anniversary next year. Global sales of more than eight million units in 100 countries, bestow upon the Renault 4 … Continue reading →

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