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Renault names interim chief executive

Renault has said its chief financial officer, Clotilde Delbos, will be its interim chief executive after the French carmaker's board voted to replace Thierry Bollore.

Renault has said Mr Bollore will leave his role with immediate effect, while Ms Delbos will be interim CEO "until a process is completed to appoint a new Chief Executive Officer".

Dyson's decision 'no surprise'

BBC Radio 5 Live

Wake Up To Money

Sir James Dyson
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Dyson, the technology company best known for its vacuum cleaners, has scrapped a project to build electric cars.

The firm, headed by British inventor Sir James Dyson (pictured), said its engineers had developed a "fantastic electric car" but that it would not hit the roads because it was not "commercially viable".

Anna-Marie Baisden, head of autos at Fitch Solution, tells Radio 5 Live Wake Up To Money that she is not surprised, citing the problems Tesla has faced in ramping up production.

"I think for them to pull out at this stage, realising how difficult it's going to be to make money, there are very small margins if any in electric cars at the moment, it's not a big surprise".

"You do have to put a lot of money into developing an electric car, the technology's still very expensive" she said.

Nissan Europe 'not sustainable in no-deal Brexit' says boss
A no-deal Brexit could mean Nissan's business model in Europe will not be sustainable, says Nissan Europe boss Gianluca de Ficchy.