How Renault boss aims to recapture its va-va-voom

SourceSkyNews
SectorTransport
CountryMiddle east

Few companies will have been happier to see the back of 2020 than Renault.Even before COVID-19 struck, the French car-making giant was struggling with falling sales and profitability, reporting a net loss of €141m (£123m) for 2019 - down from a profit of €3.3bn (£2.9bn) in 2018 and its first loss in a decade. The company was also struggling to recover from the shock arrest in Japan, in November 2018, of Carlos Ghosn, its former chief executive, amid accusations of financial misconduct and misusing company funds. Image: Luca de Meo joined the company in July Mr Ghosn, who jumped bail in Japan in December 2019 and subsequently reappeared in his native Lebanon, was the architect of a three company alliance between Renault, Nissan and Mitsubishi that was widely regarded as having failed to live up to ...read more...