Volkswagen has said it will buy back new or nearly new diesel cars affected by diesel bans in German cities. A German court recently ruled that cities should be allowed to ban some diesel cars to reduce pollution. The scheme will only apply in Germany but, if diesel bans spread, VW may expand it outside… Continue reading VW to buy back cars hit by German city diesel bans
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Nissan and Renault in merger talks, says report
Industry by Sam Sheehan, Autocar UK Mar 29, 2018 Renault and Nissan already share platforms and technology in their cars Nissan and Renault are in talks about merging to create one new company, according to reports by business news agency Bloomberg. The Japanese and French car makers have been in an alliance since 1999, with Mitsubishi joining in 2016,… Continue reading Nissan and Renault in merger talks, says report
Tesla could be forced to mortgage his Gigafactory for lack of cash
This is a blow for Tesla and the founder of Elon Musk. On Tuesday, March 27, rating agency Moody’s downgraded its ratings on the automaker and on its debt. To this, it added negative perspectives, meaning that these assessments could further deteriorate. The California company is sanctioned for its production problems and the risk of… Continue reading Tesla could be forced to mortgage his Gigafactory for lack of cash
Renault: new rumors about a merger with Nissan make the title leap
New rumors surrounding the Renault-Nissan Alliance have sparked the share price of Renault on Thursday morning: the agency “Bloomberg” says that the two manufacturers have initiated discussions for a merger, under the auspices the president of the alliance, Carlos Ghosn himself. The idea would be to create a new company, which would be based in… Continue reading Renault: new rumors about a merger with Nissan make the title leap
Nissan and Renault could merge to form one company, says report
Nissan and Renault are in talks about merging to create one new company, according to reports by business news agency Bloomberg. The Japanese and French car makers have been in an alliance since 1999, with Mitsubishi joining in 2016, helping the trio to overtake the Volkswagen Group as the largest car company in the world. But… Continue reading Nissan and Renault could merge to form one company, says report
UPDATE 1-Tesla returned to German subsidies list, ending row
FRANKFURT/BERLIN (Reuters) – Tesla (TSLA.O) buyers in Germany can apply for subsidies again because a government agency has ended its dispute with the U.S. carmaker over whether its Model S was too expensive to qualify for the incentives scheme. A charging point is seen at a Tesla dealership in West Drayton, just outside London, Britain,… Continue reading UPDATE 1-Tesla returned to German subsidies list, ending row
SAIC may set up car factory in Egypt
A worker checks the quality of newly made cars at an assembly line of SAIC Motor in Qingdao, East China’s Shandong province. [Photo by Yu Fangping/For China Daily] CAIRO－China’s giant carmaker SAIC Motor is planning to set up a car manufacturing factory in Egypt, a top Egyptian official said on Sunday. Egypt’s Minister of Trade… Continue reading SAIC may set up car factory in Egypt
Renault shares jump after Nissan merger report
Shares in French car maker Renault have jumped 5.4% at the opening of trading after a report that it is in merger talks with Japanese car giant Nissan. Bloomberg reported that the companies are discussing becoming one entity with a single stock. The companies have been in a strategic alliance since 1999. Asked about the… Continue reading Renault shares jump after Nissan merger report
Jaguar ‘R’ models facing the axe
Jaguar is likely to kill of ‘R’ versions of future models to avoid confusion and to allow its SVR models “to shine”. Traditionally the British brand has used the letter ‘S’ to denote sporty models and ‘R’ for the most powerful derivatives. But since the re-launch of Jaguar Land Rover’s Special Vehicle Operations (SVO) division… Continue reading Jaguar ‘R’ models facing the axe
Car expert Ferdinand Dudenhöffer: Geely could also participate in car sharing fusion of Daimler and BMW
car sharing BMW has merged its daughter Drive Now with Daimler’s daughter Car2Go. (Photo: AP) After Merger of carsharing providers from Daimler and BMW Car expert Ferdinand Dudenhöffer considers a merger with the Chinese supplier Cao Cao possible. Cao Cao belong to the GeelyGroup of the largest DaimlerShareholder Li Shufu and is already very successful… Continue reading Car expert Ferdinand Dudenhöffer: Geely could also participate in car sharing fusion of Daimler and BMW