OVER AND OUT

Carlos Ghosn Resigns as Renault CEO as He Remains in Japanese Custody

Carlos Ghosn, who has been detained in Japan, has quit as head of French carmaker Renault. French Finance Minister Bruno Le Maire told Bloomberg Television on Thursday that “Carlos Ghosn just resigned last night,” and added that he’d stepped down from both his CEO and chairman roles. Ghosn has remained in the top jobs at Renault despite being held in Japan since November over allegations of financial misconduct at Nissan. Renault has a two-decade alliance with the Japanese carmaker that was created by Ghosn. The Wall Street Journal reports Renault is likely to name Thierry Bolloré, Renault’s deputy CEO, as chief executive, and Michelin chief Jean-Dominique Senard will take over chairmanship. Ghosn, 64, denies any wrongdoing, but could remain in custody for months after his bail application was rejected this week. He was at Renault for 23 years.