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Business News/ Companies / News/  Carlos Ghosn-Less Renault and Nissan were the worst car stocks of 2019
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Carlos Ghosn-Less Renault and Nissan were the worst car stocks of 2019

The two were the worst-performing carmakers on the Bloomberg World Auto Manufacturers Index in 2019
  • Ghosn, 65, fled Japan and took refuge in Lebanon this week
  • Carlos Ghosn's escape casts a cloud over the relationship between France and Japan (AP)Premium
    Carlos Ghosn's escape casts a cloud over the relationship between France and Japan (AP)

    Carlos Ghosn’s jaw-dropping getaway added insult to an injurious year for the automakers he used to run: Renault SA and Nissan Motor Co.

    The two were the worst-performing carmakers on the Bloomberg World Auto Manufacturers Index in 2019, falling 23% and 28%, respectively. Ferrari NV, Kia Motors Corp. and Tesla Inc. logged some of the biggest gains.

    Ghosn, 65, fled Japan and took refuge in Lebanon this week, just over a year after his shocking arrest in Tokyo thrust Renault and Nissan into months of chaos. His escape casts a cloud over the relationship between France and Japan at a moment when the countries are trying to help two of their largest employers shore up a two decade-long alliance.


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    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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    Published: 01 Jan 2020, 06:06 AM IST
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