Renault Fires Its CEO In Abrupt Leadership Change

The board ousted its CEO, Balore, without disclosing reasons, effective immediately. Balore, who became CEO in January, replaced Carlos Cone, who faced legal issues for underreporting income. Over five years, Japanese authorities charged Cone with financial misconduct. Balore's close ties with Goan, a former top executive at Nissan and Mitsubishi, caused dissatisfaction among Nissan executives, as all three automakers are in an alliance.

What action did the automaker's board take regarding its CEO on Friday?

• Promoted him to a higher position

• Ousted him from his position

• Gave him a salary raise

• Extended his contract

Who did Ronald Balore replace as CEO in January?

• Mitsubishi Motors Head

• Nissan Executive

• Japanese Authority

• Carlos Cone

What was Carlos Cone accused of in 2018?

• Overreporting his income

• Underreporting his income

• Bribing officials

• Misusing company funds

Which companies are part of the alliance mentioned in the transcript?

• Toyota, Honda, and Subaru

• Nissan, Mitsubishi Motors, and Renault

• Hyundai, Kia, and Mazda

• Ford, General Motors, and Chrysler

Why were Nissan executives unhappy with Balore's role at Renault?

• He was planning to leave the company

• He was not meeting performance targets

• He was a close ally of Carlos Cone

• He was not experienced enough