French Minister Announces Ghosn Resignation from Renault

Carlos Ghosn at the Nissan factory in Kyushu, Japan, 2011. CREDIT: Bertel Schmitt

(From Reuters)

Carlos Ghosn has resigned from French carmaker Renault (RENA.PA), French finance minister Bruno Le Maire told Bloomberg Television in an interview at the World Economic Forum in Davos. . . .

Renault’s board will meet on Thursday to replace Ghosn, in a move that could help ease tensions with alliance partner Nissan (7201.T) following Ghosn’s arrest in Japan for alleged financial misconduct.

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