A small revolution to come at Plastic Omnium. For the first time, the automotive supplier will not be run by a family member. Laurent Burelle, son of founder Pierre Burelle , will yield the general direction to a newcomer to the company, Laurent Favre. The family will however not be very far, since the delegated… Continue reading Laurent Burelle organizes his succession at the head of Plastic Omnium
Author: Les Echos (French)
Carlos Ghosn and Nissan reach an agreement with the gendarme of the American Stock Exchange
Sixteen million dollars. This is the price that have agreed to pay Nissan (up to 15 million) and its former CEO Carlos Ghosn (for 1 million) to extinguish the lawsuits launched against them by the US Stock Exchange’s gendarme, the Securities and Exchange Commission (SEC). At age 65, Carlos Ghosn is also banned from running… Continue reading Carlos Ghosn and Nissan reach an agreement with the gendarme of the American Stock Exchange
France: New car sales down sharply
This is a new month to forget for the automotive industry. New car registrations in France fell by 14.1% in August. In total, it has registered 129.259 passenger vehicles last month, according to raw data from the Committee of French Automobile Manufacturers (CCFA) unveiled Monday morning. Traditionally characterized by reduced activity in automobile dealerships, August… Continue reading France: New car sales down sharply
Chinese VTC giant Didi Chuxing tests his autonomous taxis in Shanghai
Should we see an operation to whet the appetite of investors? While the Wall Street Journal reported in mid-July that Didi Chuxing was looking to raise $ 2 billion to finance its growth , the former Chinese rival of Uber (which he bought the activities in China) made this weekend an important announcement concerning its… Continue reading Chinese VTC giant Didi Chuxing tests his autonomous taxis in Shanghai
Automotive: the Bosch workforce under pressure
Bosch will not escape the bitter potion. The current, more violent reversal of the global automotive market, coupled with the drop in diesel sales, puts the German automotive giant under pressure, he who still signed the best results in his history two years ago. “Of course, we must react to the decline in demand,” enthused… Continue reading Automotive: the Bosch workforce under pressure
In Flins, Renault employees are worried about the relocation of the Clio
What future for Flins? In this factory Renault Yvelines on the banks of the Seine, the question is in everyone’s mind. Since the 4,500 employees of the site have learned six months ago that the assembly of the new Clio would be relocated to Turkey and Slovenia , They are worried. Because they do not… Continue reading In Flins, Renault employees are worried about the relocation of the Clio
French automobile production will suddenly fall in 2020
The automobile is a business of cycles, and some are more exciting than others. After a few years of thinning that allowed the Hexagon to return to the European podium of car production , France will know a brutal blow of stop next year. The level of production of all automotive plants will fall by… Continue reading French automobile production will suddenly fall in 2020
After Harald Krüger, Oliver Zipse takes over driving at BMW
It is once again a “pure BMW product” that the supervisory board of the Bavarian manufacturer has chosen to take the lead of the group, while the challenges accumulate with the slowdown in the global market and expensive investments related to the car from the future. Oliver Zipse will succeed Harald Krüger on August 16th.… Continue reading After Harald Krüger, Oliver Zipse takes over driving at BMW
Automotive: PSA struggling in the first half
The bad signs of the first quarter were confirmed. Global sales of PSA (Peugeot, Citroën, DS, Opel, Vauxhall brands) fell by 12.8% in the first half to 1.9 million vehicles, affected in particular by the shutdown of sales in Iran and trade difficulties in China . It is the Peugeot brand that signs the biggest… Continue reading Automotive: PSA struggling in the first half
Electric vehicle: choose (or not) a dedicated platform
Dedicated to electric or multi-energy? Pioneer of the battery car with its Nissan partner, Renault has long been the choice of a specific platform. The basic architecture of the Zoe, that is to say the chassis on which are added the elements of custom silhouette, is today used only for the small city battery. Conversely,… Continue reading Electric vehicle: choose (or not) a dedicated platform