Renault nationalisation, state cash injection not on the table: chairman

FILE PHOTO: A logo of Renault carmaker is pictured at a dealership amid the coronavirus disease (COVID-19) outbreak in Sint-Pieters-Leeuw, Belgium May 29, 2020. REUTERS/Yves Herman PARIS (Reuters) – A further investment by the French government in Renault’s (RENA.PA) capital would not be the most pertinent or useful use of state resources, the carmaker’s chairman… Continue reading Renault nationalisation, state cash injection not on the table: chairman

Renault’s Senard says relations with Nissan much improved

FILE PHOTO: Chairman of Renault SA Jean-Dominique Senard attends a news conference at French carmaker Renault headquarters in Boulogne-Billancourt, near Paris, France, October 11, 2019. REUTERS/Charles Platiau PARIS (Reuters) – Renault (RENA.PA)’s partnership with Japan’s Nissan (7201.T) has entered an “incredibly positive” phase after episodes of strained relations in recent years, the French carmaker’s chairman… Continue reading Renault’s Senard says relations with Nissan much improved

UPDATE 1-Vietnam’s VinFast to launch first electric car in 2021 – Reuters

* Company plans to target U.S. market with electric model * Electric model to debut at LA Auto Show in Nov. 2020 * VinFast a unit of Vingroup, Vietnam’s largest conglomerate * Batteries to use cells from South Korea’s LG Chem (Updates with company statement and details) By Khanh Vu HANOI, May 28 (Reuters) –… Continue reading UPDATE 1-Vietnam’s VinFast to launch first electric car in 2021 – Reuters

Upstream Expands Series B Funding

HERZLIYA, Israel, June 9, 2020 /PRNewswire/ — Upstream Security announced today that it has secured an expansion of its Series B funding with an investment by Salesforce Ventures. The undisclosed amount is in addition to $30 million previously invested by Alliance Venture Capital (Renault, Nissan, Mitsubishi), Hyundai, Nationwide Insurance, Volvo Group, and others. Upstream offers specialized… Continue reading Upstream Expands Series B Funding

@Mitsubishi: Mitsubishi Motors: Start of Project to Verify Open Platform Aggregation Business

TOKYO, June 9, 2020 – (JCN Newswire) – Thirty companies including Tokyo Electric Power Company Holdings, Inc., NEC Corporation, Goal connect Co., Ltd., SEKISUI CHEMICAL CO., LTD., TEPCO Power Grid, Inc., TEPCO Energy Partner, Inc., TAKAOKA TOKO CO., LTD., Toshiba Energy Systems & Solutions Corporation, Japan Weather Association, Mitsubishi Motors Corporation, and Hitachi Systems Power… Continue reading @Mitsubishi: Mitsubishi Motors: Start of Project to Verify Open Platform Aggregation Business

Press Releases – Auto makers and electricity sector call for rapid action on charging points under EU recovery plan

Brussels, 9 June 2020 – The European Automobile Manufacturers’ Association (ACEA) and Eurelectric welcome the focus on infrastructure for electrically-chargeable vehicles in the coronavirus recovery plan announced by the European Commission. The associations support the goal of funding 1 million public charging points referred to in the plan. However, they note that this objective was… Continue reading Press Releases – Auto makers and electricity sector call for rapid action on charging points under EU recovery plan

Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case

BOSTON (Reuters) – Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co (7201.T) boss Carlos Ghosn flee the country on Monday argued U.S. authorities wrongly arrested them for aiding a crime that they say does not exist in Japan: bail jumping. FILE PHOTO: Former Nissan chairman Carlos… Continue reading Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case

Tesla supplier ready to make million-mile battery

A Chinese car battery-maker says it is ready to manufacture a product capable of powering a vehicle for 1.2 million miles (two million kilometres) across the course of a 16-year lifespan. By contrast, most automakers only offer warranties ranging from 60,000 to 150,000 miles over a three to eight-year period on their cars’ batteries. Contemporary… Continue reading Tesla supplier ready to make million-mile battery

Makoto Uchida: “Nissan and Renault must support each other, provided the competitiveness is there”

Nissan, like its partner Renault, is at a turning point in its history. The Japanese manufacturer, whom the coronavirus crisis surprised even while it was going through a serious financial crisis, announced at the end of May a net loss of 6 billion euros on its last financial year, as well as a vast transformation… Continue reading Makoto Uchida: “Nissan and Renault must support each other, provided the competitiveness is there”

Nissan Ariya Interior Parts Revealed By European Patent Images

When we last spoke about Nissan, the video the company released gave us the impression the Ariya is very likely to kill the Leaf. Unless the hatchback becomes more attractive – a water-cooled battery pack will help a lot – it may not attract as many buyers as the new electric CUV. If you are… Continue reading Nissan Ariya Interior Parts Revealed By European Patent Images