France’s Finance Minister says if faults have been committed by those at the heart of Renault’s so-called spy affair, they should leave.
Speaking on French radio station France Inter today (11 April) Christine Lagarde declined to name names ahead of an emergency Renault board meeting, but made clear her position. The French State still holds a 15% stake in Renault.
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“If faults have been committed, those who are responsible should go, if the degree of mistake justifies it,” she said. “I am waiting for Renault and its president to come and explain to the State shareholder, when things have calmed down…what is exactly the strategy of the group.
“I want our national manufacturers to stay and [who] are leaders in a field where there is a lot of movement.”
The Finance Minister also referred to “obvious dysfunction” in Renault, although she declined to elaborate ahead of the automaker’s board meeting in Paris.
French media speculation has seen Renault chief operating officer Patrick Pelata’s name mentioned in any possible resignation, although his offer to step down has been previously rejected by CEO Carlos Ghosn.
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By GlobalDataAll three executives sacked in the alleged industrial espionage row were completely cleared last month by the Paris Prosecutor. Renault said any compensation to the three could form part of the emergency board meeting.
