You must have an Automotive Newssubscription to view the digital edition
Click here to subscribe
Renault board member Thierry Desmarest has resigned days ahead of a meeting at which CEO Carlos Ghosn will ask directors to back his chosen successor's appointment, Reuters reported.
Renault is preparing to name a successor to CEO Carlos Ghosn in February, a French newspaper reported. A committee has been interviewing candidates for the post, Les Echos reported.
Audi's management will be reshuffled by the start of the Frankfurt auto show in mid-September, people familiar with the matter told Reuters, with four of the board's seven members to be replaced.
A big board reshuffle at Audi looks increasingly likely after two more media outlets said that four top executives at the automaker face dismissal amid the company's diesel emissions crisis.
An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye before its takeover by Intel.
Former Chrysler chief Bob Nardelli was named chairman of Ioxus, a company that develops transportation power storage technologies and alternative energy.
Audi is considering dismissing board members including its sales and production chiefs as a warning to CEO Rupert Stadler, Handelsblatt reported.
BMW said Ian Robertson will retire as the automaker's sales chief. He will be succeeded by Pieter Nota, who moves to BMW from Dutch electronics and lighting company Philips.
Tesla appointed two new directors to its board, including Twenty-First Century Fox CEO James Murdoch, increasing its board size to nine.
On Tuesday, David Einhorn's General Motors plan got pretty banged up. It's not the first time his hedge fund, Greenlight Capital, has been to the body shop in the past few years.
GM said proxy advisory firm Institutional Shareholder Services has recommended that shareholders reject Greenlight's plan to divide GM shares into two classes.
GM said proxy adviser Glass Lewis recommended shareholders to vote for GM's board nominees and against Greenlight Capital's proposal at the company's shareholder meeting in June.
Automotive NewsJobs Board
Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that's vital to your business.
Sign up today to get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news – we'll deliver.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.