French companies have made a reason. After having denounced on May 8 last the Iranian nuclear agreement the Trump administration had set a first deadline of August 6, the date of entry into force of the first sanctions. As of Monday evening, companies in certain sectors, including automotive and aeronautics, will have to withdraw from… Continue reading Iran: first cleaver on the automobile and aeronautics
Author: Les Echos (French)
Big bang at the German Continental
Eleven years after its acquisition of Siemens VDO for more than 11 billion euros, the German Continental is preparing to partially cede these activities. With 40,000 employees for a turnover The transmission division (Powertrain) is expected to be listed on the stock market from mid-2019 as part of a major reorganization, the second-largest German automotive… Continue reading Big bang at the German Continental
Valeo relies on “light” electrification of cars
In recent months, a silent revolution is under way on the Côte d’Opale. Here, in Etaples, close to the seaside resort of Le Touquet (Pas-de-Calais), since March Valeo has produced 48-volt starter-alternators, in addition to its 12-volt classics. Seen from afar, the difference is barely perceptible: the craft is just bigger than its cousin. But… Continue reading Valeo relies on “light” electrification of cars
Dieselgate: Opel in the sights of the German authorities
bleached by the French authorities Opel is not yet fully out of business in the scandal of diesel engines rigged. The German Ministry of Transport (KBA) announced on Saturday that the car manufacturer, a subsidiary of PSA, was under investigation. According to the Bild daily, the KBA informed Opel “this week” of its suspicions and… Continue reading Dieselgate: Opel in the sights of the German authorities
The incarceration of the boss of Audi, a turning point for Volkswagen
Until now, the driving spheres of Volkswagen had been relatively spared by the Dieselgate. Only Martin Winterkorn, the boss of the group during the first revelations in September 2015, was pushed to the start. The detention of Rupert Stadler, one of the strongmen of the group, for “fraud” and “complicity in false certificates” of the… Continue reading The incarceration of the boss of Audi, a turning point for Volkswagen
Dieselgate: the boss of Audi placed in custody
It is the parent company of Audi, Volkswagen, which announces: “we confirm that Mr. Stadler was arrested on Monday morning,” said a spokesman. In the wake, the Munich prosecutor’s office confirmed the arrest of the chairman of the board of Audi. According to the prosecution, the decision to arrest Rupert Stadler was decided because of… Continue reading Dieselgate: the boss of Audi placed in custody
Renault invests one billion euros in electricity in France
Renault chooses France as the industrial base for its electric vehicles: the manufacturer announced Thursday important investments in its hexagonal plants, representing a total of one billion euros by 2022. An amount that will be added to the 500 million announced end of 2016, for the modernization of French factories, between 2017 and the end… Continue reading Renault invests one billion euros in electricity in France
Carlos Ghosn could leave his post before 2022
A mission approaching its end. Carlos Ghosn told reporters from the Financial Times (FT) that he did not intend to spend “four more years” at the helm of Renault. The French businessman, at the head of the French car manufacturer since 2005, renewed his contract last February Thierry Bolloré was then named number 2 of… Continue reading Carlos Ghosn could leave his post before 2022
Yves Caracatzanis, the new strongman of AvtoVAZ
As for all the new AvtoVAZ bosses, a surprise awaits Yves Caracatzanis: a huge aquarium installed for ages in the office of CEO at the top of the blue tower overlooking the huge 600-hectare complex of the post-Soviet Toliatti factory. Born in Marseille, married to a Corsican, this frequent visitor of the Island of Beauty… Continue reading Yves Caracatzanis, the new strongman of AvtoVAZ
Dieselgate: Volkswagen sentenced to 1 billion fine in Germany
Almost three years after the revelations about the handling of diesel engines, the German manufacturer Volkswagen is sanctioned in Germany, where the group announced Wednesday night that it would pay a fine of one billion euros. At the origin of the fine: the prosecutor’s office of Braunschweig, located in the Land of Lower Saxony, where… Continue reading Dieselgate: Volkswagen sentenced to 1 billion fine in Germany