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France puts the thumbscrews on Renault

LanguedocLiving, Jan 16

The government has requested a Renault board meeting to discuss dismissing scandal-hit Chairman and Chief Executive Carlos Ghosn, and to consider new candidates for his replacement.

According to three inside people briefed on the subject, Renault will convene a meeting of its nominations committee, followed by a full board session on 20 January.

France is Renault’s biggest shareholder, and up to now they have supported the decision to keep Ghosn while he awaits trial in Japan. Clearly, their patience is running out.

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