United States law enforcement officers arrested two of the main suspected suspected suspects on Wednesday morning. the great escape of Carlos Ghosn , the former boss of Renault and Nissan. Michael Taylor, a former green beret converted to “delicate” exfiltrations, and his son Peter were arrested at Harvard, Massachusetts following the issuance in late January… Continue reading Ghosn case: two of the brains of the great escape arrested
Author: Les Echos (French)
Renault: Batilly, the other problem factory
In Batilly, the Renault factory which produces Masters vans, the moment of truth will take place this Monday, around 9 p.m. At that time, in the Sovab-Renault factory in Meurthe et-Moselle, the management and elected officials of the CSE will scrutinize with extreme attention the crossover between the afternoon team, who leaves his post at… Continue reading Renault: Batilly, the other problem factory
The Renault factory in Sandouville closed for at least one week
In Sandouville, the Renault factory was to reproduce 100% this Monday. But the lines will finally be stopped, and the 1,900 employees and 700 temporary workers expected at home. Following an interim procedure filed by the CGT on April 24, the Le Havre court ordered the carmaker Thursday to temporarily close this utility vehicle assembly… Continue reading The Renault factory in Sandouville closed for at least one week
Nissan completes fiscal year for the first time in eleven years
Posted on Apr. 28, 2020, 4:30 p.m. Legally forced to inform the Tokyo Stock Exchange of the sudden deterioration in its performance, Nissan’s communications department improvised an unnecessarily convoluted statement on Tuesday to avoid letting go of the taboo word “losses”. However, the Japanese group and major partner of Renault is well on the point… Continue reading Nissan completes fiscal year for the first time in eleven years
Coronavirus: failures at the restart of the Bosch factory in Rodez
Posted on Apr. 13, 2020, 8:45 a.m. An uncertain recovery. The Bosch factory in Rodez (Aveyron), shutdown since the start of confinement on March 17 after employees have exercised their right of withdrawal, should reopen on Tuesday with only 10% of the 1,350 employees. Should, because management has already requested in vain the reopening on… Continue reading Coronavirus: failures at the restart of the Bosch factory in Rodez
Coronavirus: a month off for the German automobile
The first German industry is at a standstill. One after the other, the major German car manufacturers have announced the closure of their assembly lines. A high social risk maneuver in a sector on which more than 840,000 jobs depend. Initially, 200,000 people are put on compulsory leave or invited to use their “time credit”.… Continue reading Coronavirus: a month off for the German automobile
Valeo strengthens its round in Covid-19 storm
Valeo’s capital begins to consolidate. After bpifrance about a year ago , it is now the turn of the Strategic Equity Fund (FSP) to go up to the round of the tricolor equipment supplier. Created in 2013, bringing together several French insurers whose aim is to support French companies via long-term investments, this investment fund… Continue reading Valeo strengthens its round in Covid-19 storm
Coronavirus: shadows hanging over the PSA-Fiat Chrysler merger
Officially, the work continues: the megafusion between PSA and Fiat Chrysler (FCA) , sealed just before Christmas, is not affected by the coronavirus crisis. “At this stage nothing has changed, the discussions continue. The “deal” should be finalized within twelve to eighteen months, we have time to return to a normalized situation, “said a source… Continue reading Coronavirus: shadows hanging over the PSA-Fiat Chrysler merger
Coronavirus places Renault back to wall
Crisis caused by coronavirus is a severe shock to the global automotive industry. For Renault, it falls at the worst time. Investors have expressed it in their own way, plunging the share price in recent weeks, with a decline of 64% since the start of the year, including -23% last week. At midday on Tuesday,… Continue reading Coronavirus places Renault back to wall
LIVE Michelin opens the ball of factory closings due to coronavirus
The coronavirus is gradually paralyzing French industry. Lack of parts, employees, or simply to respect instructions from the authorities and to preserve the health of the troops, some French industrialists are starting to close their production sites in France. · One week break at Michelin Stop. Michelin announced Monday morning a break in the production… Continue reading LIVE Michelin opens the ball of factory closings due to coronavirus