After impressing with his turnaround of French automaker Renault, Luca De Meo is widely expected to be named as the new boss of Gucci owner and luxury powerhouse Kering.

The boss of French state-backed car giant Renault has quit unexpectedly after warning that European manufacturers were struggling to compete with cut-price Chinese rivals.

The automotive group Renault announced on Sunday evening that its CEO Luca de Meo is stepping down after five years in office. The reason for this is

Despite recent divestments, Nissan's CEO insists the move from Renault is strategic, not a breakup. Discover what this means for the future of their enduring automotive alliance.

De Meo plans to pursue new challenges outside the automotive industry after having led the carmaker for five years.

LONDON (Reuters) -News of Renault Chief Executive Luca de Meo's decision to leave the French carmaker and subsequent reports of him being lined up to take charge at luxury goods group Kering has created a stir across their respective sectors. Here's some initial reaction from analysts.

Kering setzt bei seinem nächsten Vorstandsvorsitzenden auf den Noch-Renault-Chef. Der Italiener hat den französischen Automobilhersteller erfolgreich saniert und soll seine Fähigkeiten nun auch beim angeschlagenen Modelabel Gucci unter Beweis stellen.

Nissan Motor reportedly plans to trim its stake in French partner Renault in order to invest more in new vehicle development. In an interview with Nikkei, Nissan CEO Ivan Espinosa emphasised that the Japanese automaker's collaboration with Renault would continue to be robust,

Nissan Motor CEO Ivan Espinosa said the automaker plans to reduce its stake in French partner Renault , the Nikkei business newspaper reported on Monday.