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Renault's Tavares Steps Down, Hints At U.S. Move

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August 29, 2013 AT 7:25 AM
Renault COO Carlos Tavares quit after he recently dismayed colleagues by hinting he might join one of the U.S. carmakers. Tavares said he had "the energy and appetite for a No. 1 position" but was unlikely to succeed Chief Executive Carlos Ghosn, any time soon.