#carmaker renault

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TOKYO | The Latest: Renault acting chief seeks to calm market nerves

TOKYO | The Latest: Renault acting chief seeks to calm market nerves

TOKYO — The Latest on Japanese automaker Nissan Motor Co.’s chairman Carlos Ghosn and allegations of financial violations against him (all times local): 6 a.m.

The acting chief of carmaker Renault is seeking to soothe markets, car buyers and his employees by promising continuity despite the arrest of longtime chairman and CEO Carlos Ghosn.

Deputy CEO Thierry Bollore, filling in for Ghosn while he…

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TOKYO | The Latest: Nissan CEO Saikawa says Ghosn had too much power

TOKYO | The Latest: Nissan CEO Saikawa says Ghosn had too much power

TOKYO— The Latest on Nissan Motor Co.’s chairman Carlos Ghosn and allegations he underreported income. (all times local):

10:30 p.m. Nissan Motor Co. CEO Hiroto Saikawa says the arrest of the Japanese automaker’s chairman, Carlos Ghosn, shows power was too concentrated in one person.

Saikawa apologized profusely for the discovery that Ghosn allegedly engaged in serious financial misconduct. He…

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TOKYO | The Latest: Renault unions welcome probe of CEO Ghosn's pay

TOKYO | The Latest: Renault unions welcome probe of CEO Ghosn’s pay

TOKYO  — The Latest on Nissan Motor Co.’s chairman Carlos Ghosn and allegations he underreported income. (all times local):

10 p.m. A union official at carmaker Renault is welcoming a Japanese investigation into remuneration of CEO Carlos Ghosn and denouncing exorbitant executive pay.

Ali Kaya, who heads the CGT union at a Renault factory in Flins outside Paris, said “the most shocking thing is…

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