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“We will take whatever action is necessary to preserve the competitiveness of our European business.” personalized cufflinks for father of the bride. Ford, which operates two engine plants in Britain, last month said that it faces a bill of up to $1 billion if Britain leaves the European Union without a deal. Car makers and other manufacturers have warned of the cost of a no-deal Brexit, including higher tariffs, disruption to supply chains and threats to jobs. Britain is scheduled to leave the EU on March 29. Other companies have delivered the same warning as Ford, The Times reported, citing another participant on the private call with May..
“This isn’t about contingencies any more – we are taking steps because of the uncertainty. It’s real,” the report quoted the participant as saying. Last week Nissan Motor Co said it scrapped plans to build its new X-Trail SUV in Britain and will produce it solely in Japan, saying that uncertainty related to Brexit was making it hard for it to plan for the future personalized cufflinks for father of the bride. Ford is a top-selling automotive brand in Britain, which is its third-largest market and the destination for roughly one in three cars made at its plant in Cologne, Germany. It employs about 13,000 people in Britain..
PARIS (Reuters) – Renault said it had scrapped 30 million euros ($34 million) in deferred and severance pay to former boss Carlos Ghosn, forced out last month following his arrest for suspected financial misconduct at Japanese affiliate Nissan personalized cufflinks for father of the bride. Backed by the French government, its biggest shareholder, the carmaker’s board agreed on Wednesday to withdraw 25.9 million euros in deferred and performance pay for 2014-18 and waive a non-compete clause worth another 4-5 million euros, approving a proposal that had been reported earlier by Reuters..
The payout to Ghosn, who remains in a Japanese detention center awaiting trial, was “subject to his presence within Renault”, the company said in a statement. “The board unanimously notes that such condition is not met, thereby triggering the loss of Mr. Ghosn’s rights.” personalized cufflinks for father of the bride. Ghosn, 64, was ousted as Nissan chairman soon after his November arrest, and has since been indicted along with Nissan and a fellow director for failing to disclose more than $80 million in 2010-18 compensation he had arranged to be paid later. He denies the deals were illegal or required disclosure..
The scandal, triggered by a Nissan internal investigation, initially strained its alliance with with 43.4 percent-owner Renault, which continued to back Ghosn until he was forced to resign as chairman and CEO last month. Ghosn’s chief defense attorney Motonari Otsuru resigned on Wednesday and was replaced by a team that includes high-profile lawyer Junichiro Hironaka, in a change of strategy. Renault appointed new Chairman Jean-Dominique Senard on Jan. 24 and last week passed evidence to prosecutors that the company had paid part of Ghosn’s 2016 wedding costs – in a first case of his suspected misconduct at the French carmaker personalized cufflinks for father of the bride.