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Renault-Nissan-Mitsubishi signs autonomous car deal with Google
News
21st Jun 2019
1 min read

Renault-Nissan-Mitsubishi signs autonomous car deal with Google

Waymo, Google's self-driving car unit, has signed a deal to commercialise autonomous vehicle services with the Renault-Nissan-Mitsubishi Alliance. According to the companies, this new agreement is "exclusive... for an initial period" and will see the partners "explore all aspects" of autonomous vehicle services in France and Japan, including passenger services and cargo delivery.
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Derek Fung
Nissan sees no 'negative aspect' to Renault and FCA's merger
News
30th May 2019
2 min read

Nissan sees no 'negative aspect' to Renault and FCA's merger

Nissan has reportedly rebuffed plans to merge with Renault, but the Japanese automaker is unlikely to oppose the proposed merger between Fiat Chrysler (FCA) and Renault. "Overall, we don't see any particularly negative aspect," Hiroto Saikawa, Nissan CEO, told reporters (including those from Reuters) after a meeting of the Renault-Nissan-Mitsubishi Alliance board.
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Derek Fung
Carlos Ghosn re-arrested on fresh charges
News
4th Apr 2019
2 min read

Carlos Ghosn re-arrested on fresh charges

Carlos Ghosn, the former CEO of Renault and Nissan, has been re-arrested by Japanese authorities, alleging of the money paid from his discretionary fund to an affiliate in the Middle East was used for his own personal enrichment. Prosecutors turned up at Ghosn's residence in Tokyo before dawn to take the former executive in for further questioning. The Tokyo prosecutors office has told NHK, Ghosn was arrested for using ¥560 million ($7.1 million) of Nissan's money for personal gain.
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Derek Fung
Ghosn: Renault might have paid for part of executive's lavish wedding
News
9th Feb 2019
2 min read

Ghosn: Renault might have paid for part of executive's lavish wedding

Renault has uncovered payments it believes were used to partially pay for Carlos Ghosn's second wedding, held at the Château de Versailles. The company has discovered a sum of €50,000 ($80,000) it understands was "allocated to Mr. Ghosn's personal benefit" as part of a broader charitable donation it signed with the château. A source has told Reuters Renault agreed to sponsor a €2.3 million ($3.7 million) renovation in exchange for €575,000 ($920 million) worth of credits with the château.
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Derek Fung