Renault and Nissan meet to talk Fiat
02 June 2019 |
2:37 pm
Renault SA Chairman Jean-Dominique Senard arrived in Tokyo with a crucial mission: to sell the proposed merger between Fiat Chrysler Automobiles NV and Renault SA to longtime partner Nissan Motor Co. Bloomberg's Stephen Engle has the latest on "Bloomberg Daybreak: Asia."
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Former Renault and Nissan boss Carlos Ghosn has skipped bail in Japan and fled to Lebanon. The businessman is facing graft charges which his lawyers dismiss as a conspiracy.
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The notorious escape of the former businessman has caused a national embarrassment in Japan. Ghosn has managed to simply walk out of house arrest and dodge trial, fleeing to Lebanon.
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Together, the two companies may seize too much control over the small vans market and harm competition across the EU, regulators say. The Fiat Chrysler-PSA merger would create the fourth-biggest car maker in the world.
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Two alleged accomplices of former Nissan boss Carlos Ghosn have pleaded guilty to charges that they illegally helped him escape Japan. The father-son duo now face up to three years in jail.
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Former Nissan boss and international fugitive Carlos Ghosn abruptly stopped an interview with DW's Conflict Zone, arguing "bad faith" by host Tim Sebastian.
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The father-son duo bowed deeply in court and apologized before a three-judge panel in Tokyo. They expressed "regret" and apologized for the "trouble" caused in helping Carlos Ghosn flee justice.
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Group sold 599,027 vehicles in 3rd quarter of 2021, a decrease of 22.3% French carmaker Renault said on Friday it expects a production loss of 500,000 vehicles this year due to a global semiconductor shortage and production shutdowns.
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