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Seat boss steps down, rumoured to become new Renault CEO
News
7th Jan 2020
1 min read

Seat boss steps down, rumoured to become new Renault CEO

Overnight, Seat announced its boss, Luca de Meo, was leaving his post at "his own request and in common agreement with the Volkswagen Group". Interestingly, he will remain with the Volkswagen Group "until further notice". Carsten Isensee, Seat's finance chief, will temporarily take charge of the Spanish car maker. Reports in the European press before the Christmas break suggested de Meo was the leading candidate to become the next CEO of Renault.
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Derek Fung
Renault could reduce Nissan stake to revive Fiat Chrysler merger - report
News
4th Aug 2019
1 min read

Renault could reduce Nissan stake to revive Fiat Chrysler merger - report

Renault and Nissan are reportedly in talks to rebalance their alliance with the aim of restarting Renault's proposed merger with Fiat Chrysler (FCA). Sources have told The Wall Street Journal about the discussions, which centre around plans to reduce Renault's 43.4 per cent shareholding in Nissan. Any reduction in Renault's Nissan stake would require the approval of the French government, which holds a 15 per cent share and supersized voting rights in the French automaker.
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Derek Fung
Japanese government may have helped to kill Renault, Fiat Chrysler merger - report
News
24th Jun 2019
1 min read

Japanese government may have helped to kill Renault, Fiat Chrysler merger - report

Japanese worries about the proposed merger's effects on the 20-year old Renault and Nissan alliance may have scuppered the proposed US$35 billion ($51 billion) merger between Renault and Fiat Chrysler (FCA). Sources have told Bloomberg Japanese officials informed their French counterparts about fears the proposed Fiat Chrysler and Renault merger could harm Nissan.
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Derek Fung
Fiat Chrysler in discussions with Renault, could join alliance with Nissan - report
News
26th May 2019
2 min read

Fiat Chrysler in discussions with Renault, could join alliance with Nissan - report

Discussions initially focussed on Fiat Chrysler (FCA) using platforms and technologies from Renault have reportedly morphed into something more complex and wide-ranging. Multiple sources have told The Financial Times the talks between FCA and Renault are on-going, with a lot of structures and options currently being evaluated. The sources have cautioned the discussions could still fall apart and yield no deal.
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Derek Fung
Andrew Moore resigns as Renault Australia managing director
News
9th Apr 2019
2 min read

Andrew Moore resigns as Renault Australia managing director

Andrew Moore has resigned from his role as Renault Australia managing director, after less than two years in the role. He was appointed in September 2017, having previously headed up Suzuki Australia. According to the departing executive, his role put undue pressure on his home life.
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Scott Collie