Tag: Renault

Daimler to cut $6.75 billion at Mercedes, sever ties with Renault-Nissan – Autoblog – Autoblog

FRANKFURT, Germany — Daimler is looking to make 6 billion euros ($6.75 billion) in cost cuts and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at its Daimler Trucks division, Manager Magazin said on Thursday. Around 10,000 jobs will be cut at Daimler, the business-focused magazine said, without citing… Continue reading Daimler to cut $6.75 billion at Mercedes, sever ties with Renault-Nissan – Autoblog – Autoblog

GM’s Cruise is preparing for a self-driving future in the cloud – VentureBeat

According to marketing firm ABI, as many as 8 million driverless cars will be added to the road in 2025. Meanwhile, Research and Markets is predicting that in the U.S. alone, there will be some 20 million autonomous cars in operation by 2030. How realistic are those numbers? If you ask Adrian Macneil, not especially.… Continue reading GM’s Cruise is preparing for a self-driving future in the cloud – VentureBeat

Nissan’s Supplier AESC To Build 20 GWh Battery Factory In China

2 H BY MARK KANE AESC to increase production capacity from 7.5 GWh to 27.5 GWh annually Automotive Energy Supply Corporation (AESC), Nissan‘s subsidiary recently sold* to Envision Group, is going to more than triple its lithium-ion cell manufacturing capacity. * according to Bloomberg, Nissan still holds about 20% stake in AESC. Under the new… Continue reading Nissan’s Supplier AESC To Build 20 GWh Battery Factory In China

Carlos Ghosn to be indicted on additional charge: NHK

FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn accompanied by his wife Carole Ghosn, arrives at his place of residence in Tokyo, Japan, March 8, 2019. REUTERS/Issei Kato TOKYO (Reuters) – Tokyo prosecutors are likely to indict former Nissan Motor Co Ltd boss Carlos Ghosn on an additional charge of aggravated breach of trust as… Continue reading Carlos Ghosn to be indicted on additional charge: NHK

Nissan is said to cut global production by 15 percent

Johnny Milano | Bloomberg | Getty Images
An employee passes in front of vehicles on display for sale at a Nissan Motor Co. car dealership in Patchogue, New York, U.S., on Friday, April 27, 2018.

Nissan Motor will cut global production by about 15 percent for the current fiscal year ending March 2020, as it shifts away from the aggressive expansion campaign promoted by former Chairman Carlos Ghosn, the Nikkei newspaper reported on Friday.

That would be the steepest production cut in more than a decade by the Japanese automaker, as it battles weak sales in overseas markets including the United States where it plans to scale back sales operations, the Nikkei reported.

Nissan aims to produce about 4.6 million units in fiscal 2019, the Nikkei said, citing plans being communicated to the automaker's suppliers. The move is likely to impact earnings and could cast a pall over Nissan's alliance with French automaker Renault SA, the Nikkei reported, without elaborating.

Earlier this year, Nissan, which has been battling falling sales, lowered its operating profit forecast for the current fiscal year to 450 billion yen ($4 billion), 22 percent lower than a year earlier. It would be Nissan's lowest profit since 2013.

Nissan was not immediately available for comment when contacted by Reuters.

Shares in Nissan, mired in a financial misconduct scandal involving Ghosn and the company itself, were trading down 1.2 percent early on Friday, versus a 0.6 percent rise in the broader market.

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Nissan to cut global production by 15 percent – Nikkei

The logo of Nissan is seen on a car during the Prague Autoshow in Prague, Czech Republic, April 13, 2019. REUTERS/David W Cerny (Reuters) – Nissan Motor Co Ltd will cut global production by about 15 percent for the fiscal year ending March 2020 as the company shifts away from the aggressive expansion campaign promoted… Continue reading Nissan to cut global production by 15 percent – Nikkei

Suzuki is recalling 2 million cars after cheating on safety tests

Suzuki plans to recall around 2 million vehicles in Japan after admitting it cheated on safety tests, filed false fuel-efficiency reports, and failed to conduct proper inspections.Nissan recalled 1.2 million cars in Japan last October, after it found uncertified technicians were conducting final vehicle inspections.Nissan – owner of the Infiniti and Datsun brands – recalled a further 150,000 domestic vehicles in December, after it found inspections of brakes, steering wheels, speed measurement and vehicle stability weren’t up to scratch.

Nissan: Nissan commends the Canadian Government’s commitment to affordable Zero-Emission vehicles that transport us all to a greener future

All Nissan LEAF and LEAF PLUS vehicles eligible for new federal $5,000 purchase incentive program MISSISSAUGA, ON – As a leader in the all-electric vehicle space, Nissan applauds the Government of Canada’s announcement made today in Montreal, by the Minister of Transport, the Honourable Marc Garneau, introducing a federal purchase incentive of up to $5,000… Continue reading Nissan: Nissan commends the Canadian Government’s commitment to affordable Zero-Emission vehicles that transport us all to a greener future

Hyundai Motor Appoints José Muñoz as Chief Operating Officer

“José Muñoz has an impressive track record and is proven to be a visionary and motivational leader who is adept at all aspects of our business,” said Wonhee Lee, President of Hyundai Motor Company. “His decades of automotive and technology experience make him well suited for this new role as we move the company to the… Continue reading Hyundai Motor Appoints José Muñoz as Chief Operating Officer