The carmaker is due to report earnings on Friday with analysts expecting net profit to soar to 4.3 billion euros ($5.4 billion) from the 3.5 billion euros it earned in 2016. The board "renewed its full confidence" in chairman and chief executive Ghosn, who took over at Renault in 2005, setting out three priorities for the next four years. Bollore, who joined Renault in 2012, would become deputy chief executive on Friday, Renault said. Renault holds 43.4 percent of Nissan, while Nissan holds 15 percent of Renault and 34 percent of Mitsubishi, where it is the top shareholder. The entire Renault-Nissan-Mitsubishi alliance took the mantle of top-selling carmaker last year with 10.6 million vehicles worldwide.

Source: The Nation Bangkok February 15, 2018 23:26 UTC