French government calls for Renault board meeting to replace Ghosn
PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Wednesday the government had called for a Renault board meeting in the coming days to replace the company's scandal-hit chairman and Chief Executive Carlos Ghosn. The company needs a new durable governance, Le Maire said in an interview with French TV station LCI, confirming an earlier Reuters report that the government wanted a change at the helm of the company. 'We have to move to a new step,' he added
PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Wednesday the government had called for a Renault
The company needs a new durable governance, Le Maire said in an interview with French TV station LCI, confirming an earlier Reuters report that the government wanted a change at the helm of the company.
"We have to move to a new step," he added.
The French government, Renault's biggest shareholder, had until now supported the company's decision to keep Ghosn in office while he awaits trial in Japan for alleged misconduct at Nissan <7201.T>, the French carmaker's alliance partner which he also chaired until his dismissal in November.
Two top Renault officials were appointed as acting CEO and acting chairman shortly after Ghosn was detained, but he had kept the nominal titles.
The French move to replace Ghosn follows a decision by the Tokyo District Court earlier on Tuesday to deny the ousted chairman's request for release on bail.
(Reporting by Inti Landauro, Editing by Sarah White)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.