PRESS RELEASEGROUPE RENAULT ANNOUNCES THE FINALIZATION OF A €5 BILLION CREDIT FACILITY AGREEMENT WITH A GUARANTEE OF THE FRENCH STATEBoulogne-Billancourt, on June 3rd, 2020 – Groupe Renault announces the finalization of a credit facility agreement with a banking pool, for a maximum total amount of €5 billion benefiting from a guarantee of the French State.This… Continue reading Groupe Renault : Finalization of a €5 Billion Credit Facility Agreement With a Guarantee of the French State
Tag: Renault
Ohio Carsharing Plan Put on Hold by COVID-19
An Ohio town carsharing scheme has been put on hold, as the public has not had ample opportunity to weigh in due to the coronavirus. According to The Chronicle, the Oberlin City Council’s plan with Sway Mobility of Shaker Heights would supply two electric vehicles, either Nissan Leafs or Chevy Bolts, a charging station, insurance,… Continue reading Ohio Carsharing Plan Put on Hold by COVID-19
Nissan: UK factory still under threat from no-deal Brexit
Media playback is unsupported on your device The UK’s largest car manufacturing plant is “unsustainable” if the UK leaves the European Union without a trade deal, owner Nissan says. The Japanese company’s global chief operating head told the BBC people had to understand the EU was the Sunderland factory’s biggest customer. Ashwani Gupta said that… Continue reading Nissan: UK factory still under threat from no-deal Brexit
Nissan’s Sunderland plant at risk if UK leaves EU without deal
Nissan No-deal Brexit tariffs would make manufacturing in Britain unviable, says carmaker About 70% of the cars manufactured in Sunderland are sold in the EU. Photograph: Phil Noble/Reuters Nissan has said its Sunderland manufacturing plant is still under threat if the UK leaves the EU without a trade deal. Last week Nissan said the UK’s… Continue reading Nissan’s Sunderland plant at risk if UK leaves EU without deal
Nissan warns UK plant ‘unsustainable’ without EU trade deal -BBC
FILE PHOTO: Workers are seen on the production line at Nissan’s car plant in Sunderland Britain, October 10, 2019. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Nissan’s (7201.T) car manufacturing plant in Sunderland, northern England, which employs 7,000, is “unsustainable” if Britain leaves the European Union without a trade deal, it said on Wednesday. Ashwani Gupta,… Continue reading Nissan warns UK plant ‘unsustainable’ without EU trade deal -BBC
Vertu Motors announces acquisition intention in 2019 financial results
Vertu Motors declared an intention to add new manufacturer partners as it grows through acquisition in a 2019 results statement following its first two days of showroom trading since the COVID-19 lockdown. Group chief executive, Robert Forrester, told AM “there’s no point being pessimistic” as he discussed the results of the group’s financial year to… Continue reading Vertu Motors announces acquisition intention in 2019 financial results
Indonesian decacorn Gojek snags funding from Facebook, PayPal
Southeast Asian ride-hailing decacorn Gojek has secured an unspecified amount of investment from Facebook and PayPal as part of its Series F funding round. Gojek’s existing backers Google and Tencent have also topped their investments in the company, according to an official statement. The latest capital injection has brought the company’s Series F round to… Continue reading Indonesian decacorn Gojek snags funding from Facebook, PayPal
Lancia Delta Integrale Will Start E-Retrofit Premium Series And Become An EV
While some car collectors are at ease in turning their classic vehicles into EVs, others classify that as heresy. The former often use these machines as daily drivers, and they do not want to give them up due to traffic restrictions such as the ones that London or Paris already have in place. These are… Continue reading Lancia Delta Integrale Will Start E-Retrofit Premium Series And Become An EV
Mitsubishi Corporation and NTT complete acquisition of 30% stake in HERE Technologies
June 2, 2020Amsterdam and Tokyo – HERE Technologies today announced that Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan have completed their joint acquisition of a 30% ownership stake in the company, after receiving regulatory approvals.HERE welcomes MC and NTT as strategic investors. The two companies have co-invested in HERE via… Continue reading Mitsubishi Corporation and NTT complete acquisition of 30% stake in HERE Technologies
Renault cuts 15,000 jobs in major restructuring
Renault is cutting 15,000 jobs worldwide as part of a €2bn (£1.8bn) cost-cutting plan after seeing sales plunge because of the virus pandemic. “This plan is essential,” said interim boss Clotilde Delbos, who announced a bigger focus on electric cars and vans. Some 4,600 jobs will go in France, and Renault has said six plants… Continue reading Renault cuts 15,000 jobs in major restructuring