A prisoner of the Middle Kingdom: the automobile, the leading German industry, now depends more on the decisions taken in Beijing than in Berlin. Production, supplies and outlets are suspended to control the epidemic and the reopening of factories in China. China is first of all Germany’s leading supplier, with 109.7 billion euros in exports… Continue reading German industry pays cash for dependence on China
Author: Les Echos (French)
New Nissan boss defends alliance with Renault
“The Alliance has brought us a lot in the past. My goal is that it still brings us a lot, ”insists the former head of the Renault-Nissan joint structure responsible for pooling purchases during a recent visit to Paris. (Behrouz MEHRI / AFP) Go to Source
Louis Gallois agrees to play extra time at PSA
One of the great sponsors of French industry wanted to retire from business before the summer, with the feeling of duty accomplished and the will to devote himself entirely to his generous associative life. Six years after his arrival as chairman of the PSA supervisory board, then in addition to this unfortunate posture, Louis Gallois… Continue reading Louis Gallois agrees to play extra time at PSA
More and more new cars at reduced prices in dealerships
Notice to candidates buying a car: the opportunities to buy a new or almost new vehicle from a dealer with a nice discount have increased significantly in recent weeks, and the phenomenon should regularly repeat itself this year, with a peak expected in the last quarter of 2020. Good deals following occasional registrations, made to… Continue reading More and more new cars at reduced prices in dealerships
Renault launches low cost electric car in Europe
A “real electric car” for less than 15,000 euros in Europe? This is the challenge that Renault is launching today with its Dacia brand. In the absence of a “concept car”, which remained on the stand of the Geneva motor show canceled at the last minute due to coronavirus, the group at Losange released this… Continue reading Renault launches low cost electric car in Europe
Autonomous vehicles: Waymo raises $ 2.25 billion from outside investors
Waymo wants to move up a gear. The Alphabet subsidiary specializing in driverless cars announces, on Tuesday, a colossal round of funding of $ 2.25 billion. Carried out for the first time with external investors, this fundraising aims to allow the company to expand on a global scale. The private equity firm Silver Lake, the… Continue reading Autonomous vehicles: Waymo raises $ 2.25 billion from outside investors
Coronavirus: the tribulations of an automotive supplier in China
Like all automotive suppliers in China, Novares is struggling to limit the impact of the coronavirus on its production and the supply chains of its manufacturing customers. But the partial resumption of activity on the spot does not signal the end of the crisis, warns the company. With 1.4 billion euros in annual turnover and… Continue reading Coronavirus: the tribulations of an automotive supplier in China
Automotive: three-color equipment manufacturers withstand the crisis thanks to innovation
Posted Feb 24 2020 at 8:00 am The contrast is striking. One after the other, the car manufacturers are announcing sales at half mast, degraded margins, drastic restructuring. Latest, Renault, which is even fell in the red for the first time since 2009. Conversely, the annual results of the tricolor equipment manufacturers published this week… Continue reading Automotive: three-color equipment manufacturers withstand the crisis thanks to innovation
Renault is preparing a drastic “taboo-free” savings program
Posted Feb 14 2020 at 10:14 am Updated on Feb 14 2020 at 10.49 am Renault ended a dark year in red, a first since the economic crisis of 2009. And his staff does not expect to do much better this year, the coronavirus and the Chinese prospects not helping. It is therefore necessary to… Continue reading Renault is preparing a drastic “taboo-free” savings program
Nissan sanctioned on the Tokyo Stock Exchange after the publication of its results
Posted Feb 14 2020 at 9:33 a.m. Hangover for Nissan at the Tokyo Stock Exchange this Friday. The Japanese automaker, which released its disappointing quarterly results on Thursday marked by a drop in sales and the lowering of its annual forecasts , was sanctioned immediately by the investors. At the close of the Tokyo market,… Continue reading Nissan sanctioned on the Tokyo Stock Exchange after the publication of its results