Carlos Ghosn, chairman and CEO of French carmaker Renault, and former chairman of Nissan, has been re-arrested in Japan over new allegations of financial misconduct, ending his hopes of a release from custody today after his arrested last month on suspicion of tax fraud.
Veteran French centre-right politician François Bayrou, who has stood in three previous presidential elections, announced on Wednesday he was backing the candidacy of maverick centrist Emmanuel Macron, one of the frontrunners in the elections this spring, a move which the latter described as 'a turning point in the campaign'.
The ex-president and now conservative opposition leader said no joint deals will be made to bar Front National from wins in regional elections.
The French government has reportedly irked Nissan and caught Renault board by surprise in move to double its stake and clout in the carmaker.
Former fierce rivals François Bayrou and Jean-Louis Borloo create 'L'Alternative' movement to fight municipal and European elections next year.