Former Renault-Nissan chief faces €30m pay cut as lead defence lawyer pulls out

Former Renault-Nissan chief Carlos Ghosn suffered a double blow on Wednesday as the board of Renault reportedly drew up plans to strip him of up to €30m (£26m) in pay and severance, while the lawyer leading his defence against allegations of financial misconduct quit.

Renault will scrap around 460,000 performance shares worth €26m that were due to Ghosn, under proposals backed by the French government, its biggest shareholder, two people familiar with the matter told Reuters.

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Read More Double blow for Ghosn as Renault plans pay cut and his lawyer quits

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