Carlos Ghosn, architect of Renault Formula 1 return, to be sacked

Nissan and Renault chairman Carlos Ghosn, a key supporter of Renault's Formula 1 programme, is set to be sacked amid allegations of financial impropriety

Carlos Ghosn, architect of Renault Formula 1 return, to be sacked

Ghosn, who leads the alliance of Nissan, Renault and Mitsubishi, has been arrested in Japan and accused of under reporting his income.

The 64-year-old has long been regarded as one of the most powerful executives in the motoring industry, known for his ability to cut costs and turn around struggling companies.

He is just one step removed from the F1 team, as Renault Sport president Jerome Stoll reports directly to him.

In a press conference on Monday Nissan CEO Hiroto Saikawa said that Ghosn is expected to be sacked later this week.

"I will call a board meeting to make a proposal to remove him from the position of chairmanship and approve it," Saikawa was reported as saying by AFP.

"The partnership among the three entities will not be affected by this event, rather we will closely work together with all the partners to contain any possible confusion.

"Looking back, the concentration of power was something we need to deeply reflect on."

The news has even attracted comment from French president Emmanuel Macron, who noted that the French state, which owns a 15% stake in Renault, "will be extremely vigilant as to the stability of the alliance and the group."

While Ghosn's impending departure is unlikely to have an impact on Renault's F1 plans in the short term, he had long been a key supporter of the project within the group.

Ghosn had personally approved big decisions such as Renault reclaiming factory ownership of what had then been the Lotus team.

In December 2015 he had announced: "Renault had two options: to come back at 100% or leave. After a detailed study, I have decided that Renault will be in F1, starting 2016.

"The final details supplied by F1's main stakeholders gave us the confidence to accept this new challenge. Our ambition is to win - even if it will take some time."

shares
comments
Haas F1 team: First real year of development in 2018 paid off

Previous article

Haas F1 team: First real year of development in 2018 paid off

Next article

Ferrari says it must be ready for 'brave' 2019 Charles Leclerc move

Ferrari says it must be ready for 'brave' 2019 Charles Leclerc move
Load comments

About this article

Series Formula 1
Teams Renault F1 Team
Author Adam Cooper
What the Spain result tells F1 about the next phase of the Mercedes/Red Bull title fight Plus

What the Spain result tells F1 about the next phase of the Mercedes/Red Bull title fight

OPINION: Lewis Hamilton and Mercedes have recovered from their pre-season woes to take three wins from the opening four races of 2021. But each time Red Bull and Max Verstappen have pushed them hard. So, what clues did the latest round of that battle – the Spanish Grand Prix – tease about the next stage of the season?

How Brabham’s one-hit wonder was boxed into a corner Plus

How Brabham’s one-hit wonder was boxed into a corner

The Brabham BT46B raced once, won once, then vanished – or did it? STUART CODLING reveals the story of the car which was never actually banned…

Formula 1
May 11, 2021
The changes Barcelona needs to provide a modern-day F1 spectacle Plus

The changes Barcelona needs to provide a modern-day F1 spectacle

Formula 1’s visits to Circuit de Barcelona-Catalunya over recent years have been met with familiar criticisms despite tweaks here and there to the track to improve racing. With the 2021 Spanish Grand Prix largely going the same way, proper solutions need to be followed to achieve F1’s wider targets

Formula 1
May 10, 2021
Spanish Grand Prix Driver Ratings Plus

Spanish Grand Prix Driver Ratings

Often described as Formula 1's laboratory, the Circuit de Catalunya-Barcelona gave the clearest demonstration yet of the pecking order in 2021. And it's the key discrepancies from that order which illuminate who is excelling, and who needs to hit the reset button

Formula 1
May 10, 2021
How Red Bull’s deja vu set Hamilton on the winning path in Spain Plus

How Red Bull’s deja vu set Hamilton on the winning path in Spain

An aggressive first corner move from Max Verstappen appeared to have set the Red Bull driver on course for victory in the Spanish Grand Prix. But canny strategy from Mercedes - combined with the absence of Red Bull's number two from the lead group - allowed Lewis Hamilton to pull off a demoralising reversal

Formula 1
May 10, 2021
The toe-in-water origins of Lotus’s groundbreaking F1 journey Plus

The toe-in-water origins of Lotus’s groundbreaking F1 journey

In the first part of our history of Lotus, DAMIEN SMITH recalls how Formula 1 wasn’t an immediate priority for team founder Colin Chapman – but once he got a taste for it he just couldn’t stop…

Formula 1
May 9, 2021
How Hamilton’s qualifying record compares to Senna and Schumacher Plus

How Hamilton’s qualifying record compares to Senna and Schumacher

Lewis Hamilton has just become the first driver to record 100 world championship Formula 1 pole positions. Time to revisit a debate we discussed when he reached 150 front row starts in 2020.

Formula 1
May 8, 2021
Why sustainability is being mandated by F1 Plus

Why sustainability is being mandated by F1

Continuing to be socially acceptable as public views shift globally is vitally important to the future of motor racing, says PAT SYMONDS - especially in Formula 1, the championship that represents the technological peak

Formula 1
May 8, 2021