After being arrested by Japanese authorities on Monday for alleged fiscal fraud, Carlos Ghosn, Chairman of Nissan and CEO of Renault has been temporarily suspended at the head of the company and remains chairman “temporarily incapacitated”. The greater integration of the alliance between Nissan, Renault and Mitsubishi is now left in the air. Furthermore, it generates uncertainty in relation to the corporate governance practices of the alliance.
In Palencia today, Renault Spain chairman José Vicente de los Mozos announced the company’s new 2014-2016 Industrial Plan. It assigns new products to Renault’s production facilities in Spain, and creates new jobs.