Tag: Renault

Avtovaz does not plan to change production plans due to coronavirus outbreak

MOSCOW, February 26. /TASS/. Avtovaz has no plans to revise its production plan because of the outbreak of pneumonia in China, caused by the new coronavirus. The crisis response center of the company keeps an eye on the situation, press service of the Russia's largest automaker told TASS on Wednesday.
“The plant does not have such plans at present. The center is assessing potential risks and working out scenarios for their resolution in cooperation with suppliers. We monitor developments and work in line with the schedule,” the press service said.
The company has a sufficient inventory of required components produced in China, Avtovaz said earlier.
Avtovaz is the largest carmaker in Russia, operating as part of the Renault-Nissan-Mitsubishi alliance. Company's sales grew by 1% to 362,356 vehicles in 2019.

Profits surge at Peugeot maker PSA ahead of Fiat merger

PARIS (Reuters) – Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America. FILE PHOTO: The logo of French car manufacturer Peugeot is seen at Brussels… Continue reading Profits surge at Peugeot maker PSA ahead of Fiat merger

NTSB chair eviscerates Tesla for inaction over Autopilot concerns

Sponsored Links y_carfan via Getty Images The National Transportation Safety Board held a hearing on Tuesday regarding a deadly 2018 crash in which a Tesla Model X slammed into a Mountain View highway divider at 70mph, was subsequently struck by two other vehicles and then exploded. During that announcement, the safety board revealed that the… Continue reading NTSB chair eviscerates Tesla for inaction over Autopilot concerns

Grab deal signals path ahead for MUFG under new chief

FILE PHOTO – People walk past a branch of Mitsubishi UFJ Financial Group’s bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo Premium The price tag for a partnership with ride-hailing startup Grab Holdings was $706 million, an unprecedented sum for a Japanese lender to invest in an overseas nonfinancial… Continue reading Grab deal signals path ahead for MUFG under new chief

Renault returns to old urban EV formula: Twingo minicar with tiny 22-kWh battery

Renault has sold nearly 4 million units of its gas-powered Twingo city car. That experience over nearly two decades taught the French automaker what makes a winning Euro-chic city car. Renault will try to leverage those insights with the all-electric Twingo ZE. The formula is urban maneuverability and a 22-kilowatt-hour battery pack that can fill… Continue reading Renault returns to old urban EV formula: Twingo minicar with tiny 22-kWh battery

Renault to seek compensation from fugitive Carlos Ghosn

PARIS — Renault plans to seek compensation from Carlos Ghosn, the fugitive former chairman and chief executive officer, over his alleged misappropriation of funds, the French automaker announced on Monday. It is the first time for the company to express an intention to pursue compensation from Ghosn, who was arrested in Japan in November 2018. Ghosn at the… Continue reading Renault to seek compensation from fugitive Carlos Ghosn

Grab raises over US$850 million from Japanese investors

Grab has announced today an investment of over US$850 million from Japanese investors, including Mitsubishi UFJ Financial Group Inc. and TIS Inc., that will go toward creating accessible and affordable financial services for Southeast Asia in order to boost financial inclusion in the region. Grab, Southeast Asia’s leading super app, has announced today an investment… Continue reading Grab raises over US$850 million from Japanese investors

@Renault: GROUPE RENAULT AND FERROVIAL LAUNCH ZITY IN PARIS, THE ELECTRIC CARSHARING SERVICE AS FLEXIBLE AS YOU ARE

ZITY is a 100% electric car-sharing service in free-floating. In March, 500 Renault ZOE will be available for hire, 24 hours a day, 7 days a week, with the guarantee of a balanced distribution throughout Paris. ZITY meets the needs of city dwellers for freedom and flexibility in their journeys, with pricing adapted to their… Continue reading @Renault: GROUPE RENAULT AND FERROVIAL LAUNCH ZITY IN PARIS, THE ELECTRIC CARSHARING SERVICE AS FLEXIBLE AS YOU ARE

SoftBank-backed Grab raises $856 million from Japanese investors in financial services push

SINGAPORE/TOKYO (Reuters) – Southeast Asia’s Grab said Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) and IT services firm TIS Inc (3626.T) have agreed to invest a combined $856 million in the ride-hailing firm, as it seeks to expand aggressively into financial services. A Grab logo is pictured at the Money 20/20 Asia Fintech Trade… Continue reading SoftBank-backed Grab raises $856 million from Japanese investors in financial services push