FRANKFURT, Germany (AP) — French carmaker Renault has appointed two new executives in a restructuring that eliminates the post of chief operating officer.
Renault created the two positions after COO Carlos Tavares stepped down suddenly this month. At the time, Renault said Tavares wanted to pursue personal projects.
Ahead of this week's Frankfurt Auto Show, Renault said Monday that Thierry Bollore will become chief competitive officer, in charge of developing the range of cars, while Jerome Stoll will be chief performance officer, focusing on the company's profitability.
Renault, like many European carmakers, is struggling amid years of falling demand in the European market. To cope, it has negotiated with unions to make contracts more flexible and has focused on sales outside Europe.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Three Albuquerque veterans remember vividly the sneak attack on Pearl Harbor that brought the U.S. into World War II 72 years ago Saturday.
After getting out of federal prison early this week it looks like former state Sen. Manny Aragón isn't at a halfway house after all. He's back at his own house in the South Valley.
The owner and an employee of a local smoke shop are in federal custody accused of selling spice at the Rio Rancho store.
The New Mexico State Police officer who fired his weapon at van filled with kids during a traffic stop gone bad has been fired.
The civil case filed against former cop Levi Chavez in the gunshot death of his wife is coming to an end without a trial.
Could there be a serial dog snatcher in Roswell?