Renault execs, French government officials to meet Nissan chief

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Renault, in which the French government has a 15% stake, kept him on as chairman and chief executive even after his arrest in November.

The company said it expects automotive markets to be "stable" in Europe and globally this year, with Russian Federation growing 3 per cent and Brazil expanding 10 per cent.

FRANCE is turning on Carlos Ghosn nearly two months after his arrest in Tokyo, eliminating one of the executive's last potential allies within the global auto alliance he has held together for nearly two decades.

French carmaker Renault, which is seeking a replacement for CEO Carlos Ghosn who is in custody in Japan, on Friday announced record sales of 3.9 million vehicles in 2018.

Ghosn's pay has been a hotly debated issue at Renault's shareholder meetings where he lost a vote on pay a few years ago.

The Japanese firms announced on Friday that Ghosn received about one billion yen, or about nine million dollars, a year ago from Nissan-Mitsubishi B.V.in the Netherlands.

But his days as Renault boss appear numbered.

But Ghosn is also facing a wave of other allegations over suspect payments, including a claim by Nissan today that he received almost eight million euros in "improper payments" from a Netherlands-based joint venture.

Mr Ghosn was arrested in November for alleged financial misconduct and remains in a Tokyo jail while further charges are investigated.

"Nissan views the payments Ghosn received from NMBV to be the result of misconduct and will consider measures to recover from Ghosn the full sum", the firm said.

"Too much power would appear to have accrued to one person, so it is important to try and develop a leadership team that can continue the work of the alliance".

Renault had already named longtime executive Thierry Bollore, one of several names that have been circulating as a possible successor, as deputy CEO after Ghosn's arrest.

In the latest such development, one that stops just short of sounding like an accusation of actual money stealing, Nissan said it found evidence of Ghosn dodging the rules to get a 7.8 million Euro ($8.9 million) payment from one of its subsidiaries. "But we will do things in the proper order and when we are ready", Lagayette said.

"The state as stakeholder wants that Board of Directors will meet in the coming days to appoint a stable governance", Le Maire told LCI television.

She had yet to be held to Ghosn, in Japan serious breach of trust and financial violations accused.

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