Mergers within Renault-Nissan-Mitsubishi alliance possible but not a goal: Ghosn

PARIS (Reuters) – The head of Renault, Carlos Ghosn, on Friday did not rule out the possibility of mergers among members of the Renault-Nissan-Mitsubishi alliance (RENA.PA) (7201.T) (7211.T) but said this was not necessarily a goal. Carlos Ghosn, Chairman and CEO of Renault, speaks during the French carmaker Renault’s 2017 annual results presentation at their… Continue reading Mergers within Renault-Nissan-Mitsubishi alliance possible but not a goal: Ghosn

Carlos Ghosn: ‘We’re probably the only carmaker who’s starting to make money selling electric cars’

The auto alliance between Renault, Nissan and Mitsubishi is probably the most advanced and profitable carmaker when it comes to producing electric cars, the company’s CEO told CNBC Friday. The alliance, which started work on electrification back in 2008, announced September that it is going to produce 12 new electric cars within the next five… Continue reading Carlos Ghosn: ‘We’re probably the only carmaker who’s starting to make money selling electric cars’

Ford overhauls China operations: ‘Bear with us’

Peter Fleet, then the Vice President, Marketing, Sales and Service, Asia Pacific, Ford Motor Company, announces in April 2017 that the Ford Ranger midsize pickup will be available to Chinese customers in 2018. (Photo: Ford Motor Company) Ford Motor Co. is resetting its China operations, moving some workers back to the U.S. and hiring Chinese… Continue reading Ford overhauls China operations: ‘Bear with us’

New G-Class the ‘jewel’ of the Mercedes line-up says company boss

Highly profitable SUV remains very important to Mercedes’ image. Why offer an all-new version of a somewhat iconoclastic off-roader like the Mercedes-Benz G-Class – especially when Mercedes’ other SUVs are already so popular with shoppers? The answer, said company boss Dieter Zetsche at the Detroit motor show, is simple: How could it not renew such a desirable model?… Continue reading New G-Class the ‘jewel’ of the Mercedes line-up says company boss

GM, South Korea Set for Standoff After Automaker Threatens Exit

General Motors Co. and South Korean authorities are set for a standoff after the automaker announced a plan to shut one factory and threatened to leave the country entirely if concessions aren’t made to stem mounting losses. South Korean officials will hold talks with GM about ways to keep the carmaker’s operations open, the finance ministry… Continue reading GM, South Korea Set for Standoff After Automaker Threatens Exit

How VW Paid $25 Billion for ‘Dieselgate’—and Got Off Easy

On Dec. 6, former Volkswagen engineer Oliver Schmidt was led into a federal courtroom in Detroit in handcuffs and leg irons. He was wearing a blood-red jumpsuit, his head shaved, as it always is, and his deep-set eyes seemed to ask, “how did I get here?” As Schmidt’s wife tried to suppress tears in a… Continue reading How VW Paid $25 Billion for ‘Dieselgate’—and Got Off Easy

GM Says Its Driverless Car Could Be in Fleets by Next Year

If approved, the Cruise AVs would probably appear first in San Francisco or Scottsdale, Ariz., where G.M.’s self-driving subsidiary, Cruise Automation, is conducting tests. In San Francisco, the division has set up a ride-hailing service using about 50 Cruise AVs, although the cars are available only for some of its 250 employees, not public customers.… Continue reading GM Says Its Driverless Car Could Be in Fleets by Next Year

Bill Ford: $11 billion investment will make profit per vehicle “remarkable” | How to avoid the steps to the sale that …

On today’s CBT Newscast for Wednesday, January 17th, 2018: Steve Stauning: How to avoid the steps to the sale that customers dislikeAs a dealership, you have salespeople who know a lot about the customer’s buying process and how to initiate it. Steve Stauning, author, contributor to CBT Magazine, and founder of SteveStauning.com, says knowing the… Continue reading Bill Ford: $11 billion investment will make profit per vehicle “remarkable” | How to avoid the steps to the sale that …

Q&A with Alfonso Albaisa, Senior Vice President, Global Design, Nissan Motor Company

Can you begin by telling us a little about yourself?I wanted to be a designer for as long as I could remember. I didn’t realise that there were any other fields until I was a little bit older, because my dad was an architect, and my uncles were architects, so I thought that was all… Continue reading Q&A with Alfonso Albaisa, Senior Vice President, Global Design, Nissan Motor Company

Fiat Chrysler CEO Sergio Marchionne To Step Down, Warns Auto Industry of Commoditization

Sergio Marchionne, who has led Fiat Chrysler Automobiles since 2009, has words of advice for the automobile industry: The future of cars is coming swiftly, and if you can’t innovate and differentiate, you won’t survive. Marchionne, one of the longest-serving chief executives in the auto industry, confirmed on Monday, the opening of the North American… Continue reading Fiat Chrysler CEO Sergio Marchionne To Step Down, Warns Auto Industry of Commoditization