French multinational car maker Renault posted a net loss of 700 million euros (750 million dollars) in 2022, citing its withdrawal from the Russian market as reason. Overall turnover was up by 11.4 per cent to almost 26.4 billion euros,…
Renault lose Japanese GP points after Racing Point protest (BBC)
Renault have been disqualified from the Japanese Grand Prix for having an illegal driver-aid system on their car. Officials found that Renault’s brake-bias adjustment system contravened rules dictating that drivers must drive the car alone and unaided. Renault drivers Daniel…
Carlos Ghosn ‘resigns from Renault’ (BBC)
Carlos Ghosn, who is in custody in Japan, has resigned from French carmaker Renault, according to reports. The French finance minister, Bruno Le Maire, told Bloomberg Television that “Carlos Ghosn just resigned last night”. Mr Ghosn has remained at the…
Ghosn sacked as Mitsubishi Motors chairman (BBC)
Carlos Ghosn has been sacked as chairman of Mitsubishi Motors after his arrest in Japan over misconduct claims. It follows a similar move by Nissan last week amid claims he falsely understated his salary and used company money for personal…
