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Motor1
Motor1
Business
Angel Sergeev

Renault-Nissan "Small And Fragile," Ex-CEO Carlos Ghosn Says

In an official press conference held this morning, Renault announced its financial results for 2021. The French company returned to profitability last year and also announced several new all-electric vehicles for the next three years. It seems that the automaker is running like a well-oiled machine, but its former CEO Carlos Ghosn sees things very differently. He recently gave an interview to Le Parisien where he continued his language of strong criticism about the current operations of the Renault-Nissan-Mitsubishi Alliance.

Renault currently holds a 43-percent stake in Renault, while the Japanese firm holds 15 percent of the French company. Ghosn had always been vocal for closer ties between the two automakers, but Nissan executives had remained conservative about potential deeper connections. The 67-years old Brazilian-born Lebanese businessman said in the recent interview Renault is now just a shadow of its past.

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