Renault closes its horribilis annus on poor results. In line with the warning published in October 2019, a few days after the departure of former general manager Thierry Bolloré, the manufacturer with the diamond announced a net loss of 141 million euros on Friday February 14. Unheard of since 2009. “2019 was a difficult year… Continue reading Renault has “no taboos” on possible plant closings … including in France
Tag: Renault
Renault plans $2.2 billion ‘no taboos’ cost cuts after first loss in a decade
PARIS (Reuters) – Renault’s (RENA.PA) first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it. As ex-Volkswagen brand manager Luca de Meo prepares to take over… Continue reading Renault plans $2.2 billion ‘no taboos’ cost cuts after first loss in a decade
Car maker slips into the red: Nissan crisis hits Renault
Christian Hartmann / REUTERS Renault slips into the red The crisis at Nissan Show stock market chart leaves deep traces on partner Renault Show stock market chart, The French carmaker reported a loss of 141 million euros for the past year and cut the dividend for shareholders, including the French state. On Friday, management cited… Continue reading Car maker slips into the red: Nissan crisis hits Renault
Nissan’s South Korean unit planning voluntary redundancies: source
The logo of Nissan is seen through a window of a bus passing by its dealership in Seoul, South Korea, May 16, 2016. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – Nissan Motor Co’s (7201.T) South Korean unit plans to seek applications for voluntary redundancy, a person with knowledge of the matter said on Friday, as the… Continue reading Nissan’s South Korean unit planning voluntary redundancies: source
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
Nissan slashes profit outlook after sales slide, says more restructuring needed
YOKOHAMA (Reuters) – Nissan Motor Co (7201.T) on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn. Nissan Motor Co CEO Makoto Uchida speaks during a news… Continue reading Nissan slashes profit outlook after sales slide, says more restructuring needed
Nissan sues Carlos Ghosn for $90m in damages
TOKYO (Kyodo) — Nissan Motor Co. said Wednesday it has filed a 10 billion yen ($90 million) damages suit against former Chairman Carlos Ghosn over “his corrupt practices,” staging a face-off with the fugitive former boss who has accused the automaker of “conspiracy” to oust him. Nissan said the lawsuit at the Yokohama District Court… Continue reading Nissan sues Carlos Ghosn for $90m in damages
Mazda delays restart of Chinese factories amid coronavirus threat
TOKYO — Mazda Motor has decided to postpone restarting production at its Chinese factories until after Feb. 17 due to the ongoing coronavirus threat. The Japanese automaker had planned to resume operations at its main factory after Feb. 12, but has delayed the reopening to next week as it struggles to deal with supply chain… Continue reading Mazda delays restart of Chinese factories amid coronavirus threat
Super GT entry “very appealing, exciting” for R-Motorsport – The Union Journal
The Swiss team revealed at the end of last month that it will certainly tip down from the German visiting cars and truck collection after simply one period of independently running the Vantage DTM under permit from Aston Martin. However, the expertise it acquired in developing the version can verify beneficial in a capacity entry… Continue reading Super GT entry “very appealing, exciting” for R-Motorsport – The Union Journal