Renault board maintains Ghosn's 2015 pay despite shareholder revolt

UPDATED: 4/29/16 1:25 pm ET

Renault's board stuck by its decision to pay Carlos Ghosn $8.2 million for 2015 in defiance of a non-binding shareholder vote against the CEO's compensation package on Friday.

Supplier Tower International cancels plan to sell European unit

Tower International, which makes heavy metal components and assemblies for cars and trucks, said today it will not sell its European division, citing

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