Renault and Nissan were the Worst Car Stocks of 2019
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
Ghosn, 65, fled Japan and took refuge in Lebanon this week
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.
(Except for the headline, this story has not been edited by Scrabbl staff and is published from a syndicated feed.)