According to the United States News Agency, Carlos Ghosn was recently detained in Japan for allegedly abusing the assets of Nissan. After consultations, Renault’s board of directors said that Ghosn will continue to serve as chairman and CEO of Renault, while also announced that the company’s COO Thierry Bollore temporarily acts as a proxy for Ghosn.
The Renault Board of Directors issued a statement after a three-hour meeting on the 20th local time, saying that the board is currently unable to comment on the allegations against Ghosn. Although Ghosn may face accusations of hiding millions of dollars in revenue in Japan, the French and Japanese governments are supporting the Renault-Nissan Alliance.
This week, Ghoen’s arrest triggered doubts about the future of the Renault-Nissan Alliance. French Economy and Finance Minister Bruno Le Maire and Japanese Minister of Economy, Trade and Industry Hiroshige Seko issued a joint statement praising the alliance as one of the “models of French-Japanese industrial cooperation” and said “they” Both Japan and Japan are hoping to maintain this win-win cooperation.”
Ghosn currently leads the Renault, Nissan and Renault Nissan alliances. Nissan announced on the 19th that it will lay off Ghosn, and the French government with a 15% stake in Renault hopes to find Ghosn’s successor.