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WATCH: Sparks fly in thrilling King of the Hill

A new King of the Hill was crowned and saw the reign of two others extended today with a thrilling finale at #JaguarSHC.

8 fast cats score trophies at #JaguarSHC

The 10th Jaguar Simola Hillclimb was a successful affair for Team Jaguar, with a total of eight podium finishes for all eight entries across various categories.

Renault boss Carlos Ghosn has resigned - French economy minister

2019-01-24 10:56

Image: AFP

Embattled Renault boss Carlos Ghosn has resigned, France's economy minister said on Thursday ahead of a board meeting at which the French car maker is to appoint his successors.

A senior director from the firm "received last night the letter of resignation from Carlos Ghosn", who remains detained in Japan, Economy and Finance Minister Bruno Le Maire told AFP.

Ghosn still behind bars

The Renault board is to meet Thursday at its headquarters near Paris and is tipped to name interim chief executive Thierry Bollore as CEO and the head of tyre manufacturer Michelin, Jean-Dominique Senard, as chairman.

READ: Carlos Ghosn vows to stay in Japan if he is granted bail

Ghosn, who had held both roles, is expected to stay behind bars for several months after seeing a second bail request denied on Tuesday.

He faces three separate charges: two of under-declaring his income by tens of millions of dollars over eight years and another of seeking to shift personal investment losses onto Nissan.

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