Bailed Out or Not, Ghosn's Renault Role Becomes More Untenable
- Disgraced executive gets day in court after lengthy detention
- Even if freed, Ghosn likely will spend many hours in court
This article is for subscribers only.
Carlos Ghosn will get a chance Tuesday to make his case to a Tokyo court that he should be released on bail from his 50-day detention. But 6,000 miles away in Paris, his future as head of Renault SA is increasingly in doubt.
The French state, the carmaker’s biggest shareholder, is calling into question if Ghosn can remain at the helm of one of the country’s most important manufacturers, according to a senior government official. Ghosn would spend most of his time defending himself against accusations of financial improprieties rather than running a company, and his position at Renault is seen as unrecoverable, according to people close to Renault’s leadership team, who asked not to be identified discussing internal company matters.