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Trading Ideas

Renault offers CEO job to SEAT's Luca De Meo, says La Vanguardia

French carmaker Renault has offered the chairman of Volkswagen’s SEAT brand, Luca de Meo, the job of chief executive, Spanish newspaper La Vanguardia reported on Saturday, citing anonymous sources. The report said De Meo would initially become CEO of Renault for two years before taking over responsibility for the group’s alliance with Nissan and Mitsubishi . Reuters had reported previously that De Meo was a possible candidate for the top job, along with interim Chief Executive Clotilde Delbos and Patrick Koller, the Franco-German CEO of car parts maker Faurecia , who was also tipped for …read more […]

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Business News

U.S. Justice Department preparing legal action against Live Nation: source

The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment on allegations the concert promoter has sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary, a source familiar with the planned legal action said on Friday.

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