Richmond Motor Group has completed the acquisition of Sparshatts Group less than a fortnight after being named as the highest-placed newcomer to the AM100 ranking of the UK largest franchised car retailers. The Portsmouth-based group said in a statement issued today (July ) that the deal, which was brokered by MotorVise (Automotive) Ltd, would see… Continue reading AM100 newcomer Richmond Motor Group acquires Sparshatts Group
Tag: Renault
GROUPE RENAULT INAUGURATES ITS NEW ROMANIAN HEADQUARTERS “RENAULT BUCHAREST CONNECTED”
“Renault Bucharest Connected” is Groupe Renault’s new decision-making centre in Romania. 3,200 employees have been brought together in a building that houses the new Design Centre and also the engineering and tertiary functions. The decision-making centre was inaugurated on 28 June in the presence of Romanian Prime Minister, Viorica Vasilica Dancilă, Thierry Bolloré, Groupe Renault’s CEO, Laurens… Continue reading GROUPE RENAULT INAUGURATES ITS NEW ROMANIAN HEADQUARTERS “RENAULT BUCHAREST CONNECTED”
Macron rules out changing French stake in Renault-Nissan
FRENCH President Emmanuel Macron said “nothing justifies” changing the cross-shareholding structure between Renault SA and Nissan Motor Co, underscoring the difficulty the Japanese carmaker has had in its efforts to reduce its partner’s influence over their global car alliance.The French state is Renault’s most powerful shareholder and its presence on the board has long created friction with Nissan.Renault chairman Jean-Dominique Senard, who is travelling with Mr Macron, has pushed for a merger with Nissan.
Press Releases – Bus charging and refuelling infrastructure lacking, warn auto industry and public transport sector
Brussels, 28 June 2019 – The automobile industry and the public transport sector are calling on EU member states to step up investments in much-needed infrastructure for charging and refuelling alternatively-powered buses. The European Automobile Manufacturers’ Association (ACEA) and the International Association of Public Transport (UITP) issued this joint call following the Council of the… Continue reading Press Releases – Bus charging and refuelling infrastructure lacking, warn auto industry and public transport sector
Toyota to invest $2b in developing electric vehicles in Indonesia
Toyota Motor Corp plans to invest $2 billion to develop electric vehicles (EVs) in Indonesia over the next four years, starting with hybrid vehicles, Indonesia’s coordinating ministry for maritime affairs said. “From 2019 to 2023, we will progressively increase our investment to 28.3 trillion rupiah ($2 billion),” Toyota president Akio Toyoda was quoted as saying in a… Continue reading Toyota to invest $2b in developing electric vehicles in Indonesia
Mitsubishi Motors to relocate North America HQ from California to Tennessee
Mitsubishi Motors announced on Tuesday that it is relocating its North America headquarters from California to Tennessee, a move that will bring the Japanese automaker closer to its sister company Nissan and strengthen Tennessee’s growing reputation as an epicenter of the automotive sector.Bill Lee and Department of Economic and Community Development Commissioner Bob Rolfe — who made the announcement with Mitsubishi Motors North America — say the headquarters move from Cypress, California, to Franklin, Tennessee, will result in an $18.25 million investment in the region and approximately 200 jobs.It is unclear what financial incentives state officials offered Mitsubishi to move to Tennessee.
Press Releases – Auto industry revises 2019 car sales forecast to -1%
Brussels, 27 June 2019 – In the side-lines of its annual general meeting in Brussels today, the European Automobile Manufacturers’ Association (ACEA) revised its forecast for 2019 passenger car registrations downwards to -1%. ACEA’s initial forecast, published earlier this year, was for growth of up to 1% compared to 2018. The association now expects a… Continue reading Press Releases – Auto industry revises 2019 car sales forecast to -1%
Alliance Ventures | Jun 27th 2019ALLIANCE VENTURES INVESTS IN THE MOBILITY HOUSE TO BOOST ELECTRIC MOBILITY Read more
PRESS RELEASE – Paris/Munich, June 27, 2019 Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, announces an investment in The Mobility House, a technology company that provides a platform for integrating vehicle batteries into power grids using intelligent charging, energy and storage solutions. That investment is the latest by Alliance Ventures in start-up, early-stage… Continue reading Alliance Ventures | Jun 27th 2019ALLIANCE VENTURES INVESTS IN THE MOBILITY HOUSE TO BOOST ELECTRIC MOBILITY Read more
APPOINTMENTS TO THE EXECUTIVE COMMITTEE OF RCI BANK AND SERVICES
RCI Bank and Services is changing its organization structure. It has created a Group Compliance Division, effective from July 1, 2019. Jean-Louis Labauge has been appointed Chief Compliance Officer and a member of the Executive Committee. He reports to Bruno Kintzinger, CEO. Frédéric Schneider has been appointed Vice President, Sales and Marketing of… Continue reading APPOINTMENTS TO THE EXECUTIVE COMMITTEE OF RCI BANK AND SERVICES
ALLIANCE VENTURES INVESTS IN THE MOBILITY HOUSE TO BOOST ELECTRIC MOBILITY
Paris/Munch, June 27 2019 – Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, announces an investment in The Mobility House, a technology company that provides a platform for integrating vehicle batteries into power grids using intelligent charging, energy and storage solutions. That investment is the latest by Alliance Ventures in start-up, early-stage development… Continue reading ALLIANCE VENTURES INVESTS IN THE MOBILITY HOUSE TO BOOST ELECTRIC MOBILITY