Arab Press

بالشعب و للشعب
Friday, Aug 22, 2025

Global autos alliance rocked by boardroom 'coup'

Global autos alliance rocked by boardroom 'coup'

Renault has replaced its chief executive for the second time in less than a year, as fallout from the ousting of Carlos Ghosn continues to destabilize the world's biggest car-making alliance.

The French automaker announced Friday that Thierry Bolloré, who had led the company since Ghosn stepped aside in November 2018, would leave his post with immediate effect. Its global partner Nissan named a new CEO earlier this week to replace Hiroto Saikawa, who resigned after admitting that he and other executives were overpaid as part of a stock plan.


Renault said in a statement that Clotilde Delbos would serve as CEO until a permanent replacement for Bollore is found.


Bolloré did not go quietly. On Thursday, as rumors of his ouster swirled, he denounced the move against him as a "coup" in an interview with French newspaper Les Echos. "The brutality and the totally unexpected character of what is happening are stupefying," he said.

Bolloré is the latest in a series of top executives to exit Nissan (NSANF) and Renault (RNLSY) after Ghosn, the former chairman of both companies, was arrested last year in Japan and later charged with financial misconduct.


The departures of Bolloré and Saikawa cap a tumultuous year for the alliance, which also includes Mitsubishi Motors. A proposed takeover of Renault by Fiat Chrysler (FCAU) collapsed in June after Renault's biggest shareholder - the French state - dragged its feet.


Nissan, meanwhile, has been slammed by sluggish sales and a collapse in profits. The company announced plans in July to slash roughly 12,500 jobs and reduce its product lineup by at least 10% by the end of fiscal year 2022.

Ghosn is now under house arrest in Tokyo, where he faces charges of financial misconduct, as well as allegations that he understated his income for years and abused his position by transferring personal investment losses to Nissan. He denies the charges against him, claiming that fears over a merger with Renault prompted a revolt at Nissan and led to his ouster.


Like their rivals, Renault and Nissan are facing enormous pressure from a slowing global car market and the need to find resources to develop cleaner cars.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
×