Renault maintains its leadership in a strong French market In the first quarter, Groupe Renault PC + LCV* sales rose 0.2% to 178,058 vehicles, the best volume since 2011. The Renault brand is the leader in PC, LCV, electric markets and the leader in passenger car sales to private customers. Dacia beat its all-time record… Continue reading SALES RESULTS FRANCE FIRST-QUARTER 2019
Tag: Renault
Nissan’s former chairman Carlos Ghosn subject to strict conditions if he gets bail
Carlos Ghosn Executive must have a camera monitoring his apartment doorway and keep a record of his phone calls and people he meets Carlos Ghosn leaves the office of his lawyer Junichiro Hironaka in Tokyo. Tokyo prosecutors are reportedly considering pressing a fresh charge against Ghosn. Photograph: Kazuhiro Nogi/AFP/Getty Images A lawyer for Nissan former… Continue reading Nissan’s former chairman Carlos Ghosn subject to strict conditions if he gets bail
Schaeffler and Mitsubishi Electric announce global strategic partnership
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Friday Morning Auto News, Apr 05, 2019
Today’s issue of the Morning Auto News brought to you from Hong Kong ….
Fiat Chrysler settles 2016 suit over claims of phony US sales – Automotive News: Fiat Chrysler’s U.S. unit settled an antitrust lawsuit claiming the company pushed dealers to submit fraudulent sales numbers to prop up its share price.
Tokyo court rejects Ghosn appeal against 10-day detention – Reuters: The Tokyo District Court on Friday said it had rejected an appeal by Carlos Ghosn’s lawyers against the detention of the ousted Nissan Motor Co chairman for 10 days to question him regarding their latest accusations of financial misconduct.
Tilson: ‘This is the beginning of the end for Tesla’ – Yahoo: Tesla on Wednesday morning announced that it had only delivered 63000 vehicles to customers that quarter – a 31% drop from the previous quarter.
Here’s how Lyft is doing one week after its IPO – CNBC: Lyft’s first week as a publicly traded company had some twists and turns after positives sessions the last few days. The stock is now trading right at its …
Arrested, again: Why Ghosn has been detained, what is different now? – Reuters: Ousted Nissan boss Carlos Ghosn is back in the Tokyo detention center where he previously spent 108 days, after being released just last month on a $9 million …
What to expect after Elon Musk’s day in court – CNBC: Former SEC prosecutor Elliot Lutzker believes the agency won’t remove Musk as CEO, but he’ll face a fine significantly larger than $20 million.
London’s Ultra Low Emission Zone: what you need to know – Autocar: The first ULEZ is coming, and more cities will follow. If you drive in London, you need to know whether your car is affected London’s Ultra Low Emission Zone (ULEZ) will come into force on Monday 8 April, affecting hundreds of thousands of vehicles…
Ghosn’s Fate May Hang on Complex Financial Web in Middle East – Bloomberg: He built one of the industry’s biggest car alliances, which includes Renault and Mitsubishi Motors Corp. Until last year, he was a Davos Man business …
EU charges German carmakers with blocking emissions cleaning technology – Reuters: European Union antitrust regulators on Friday charged BMW, Daimler and Volkswagen with colluding to block the rollout of emissions cleaning technology in a move that could lead to hefty fines.
Volkswagen is testing level 4 autonomous driving in city center traffic – Yahoo: This is the first time that Volkswagen has conducted tests of such magnitude, using cars equipped with level 4 self-driving technology in urban areas.
2020 Karma Revero plug-in hybrid to use BMW engine – Autocar: Preview image shows the hybrid saloon will bear a close resemblance to the current model Re-engineered hybrid saloon will be fully unveiled in Shanghai and arrive in Europe next year The 2020 Karma Revero plug-in hybrid saloon will make use of a…
Ghosn faces 10 days in detention; lawyer to appeal – Automotive News: A Tokyo court approved a request by prosecutors to detain Carlos Ghosn for 10 days for further questioning, a move the ousted Nissan chief’s lawyer said he would appeal.
Uber adds one pound on journeys in London’s congestion charge zone – Reuters: Uber will add an additional pound to the cost of journeys in central London from next week after the city’s transport authority said private hire taxi operators will no longer be exempt from the congestion charge.
Fiat Chrysler’s retooling of Mack Engine would mean 700 temporary layoffs – Freep: If city and state officials greenlight Fiat Chrysler Automobiles’ plan to convert its Mack Avenue Engine factory in Detroit to an assembly plant, about 700 …
BMW, Daimler, Volkswagen charged by EU regulators with emissions collusion – Automotive News: EU antitrust regulators charged BMW, Daimler and Volkswagen Group on Friday for hindering competition on emissions-cleaning technology between 2006 and …
EU regulators charge BMW, Daimler, Volkswagen with emissions collusion – Reuters: EU antitrust regulators charged BMW, Daimler and Volkswagen on Friday for hindering competition on emission cleaning technology between 2006 to 2014.
Supercar brands using female advisory boards to tap the potential of women buyers – Yahoo: From Aston Martin to Lamborghini, top luxury car makers are investing in getting more women to buy their cars.
Russia sales rise nearly 2% in March on by gov’t subsidies – Automotive News: Russia car sales rose 1.8 percent last month to 160180, helped by the introduction of government subsidies in March for lower-priced vehicles, the Association …
Trump to Cap Week of Border Threats by Visiting Calexico Wall – Bloomberg: Supply chains are closely integrated between the two countries, particularly in the auto industry. Car makers and farmers, who have already been hit …
Brexit depresses car demand in UK as sales drop 3% in March – Automotive News: 3 Vauxhall saw volume rise 2.1 percent, ahead of sister brand Peugeot, which rose 1 percent, but behind sibling Citroen, which jumped 22 percent.
Western European car registrations down 3.7% in March – Automotive News: Western European car sales fell 3.7 percent in March as a recovery from emissions-test bottlenecks proved short-lived, LMC Automotive data showed.
Tokyo court approves 10-day detention of Ghosn that his lawyer will appeal – Reuters: A Tokyo court approved on Friday a request by prosecutors to detain Carlos Ghosn for 10 days for further questioning, a move the ousted Nissan boss’ lawyer said he would appeal.
Coalition modelling not far off Labor’s electric vehicle target – despite criticising it – Guardian: Government modelling for climate policy cuts assumes an electric vehicle uptake of 25-50% of new car sales by 2030. Lisa Cox. Fri 5 Apr 2019 01.43 …
Carlos Ghosn to Stay Behind Bars for at Least 10 Days – WSJ: TOKYO-Carlos Ghosn will be held in jail until at least April 14 without possibility of bail, a Tokyo court said Friday. The former chairman of Nissan …
Court Approves Request to Keep Ghosn Detained Until April 14 – Bloomberg: Carlos Ghosn will remain in jail until at least April 14 after a Japanese court granted prosecutors’ request to keep the former chairman of Nissan Motor Co. longer …
Canadian AI company shapes supply chain – Automotive News: As automakers race to develop self-driving vehicles, they look to companies such as … are spending a lot of their AI resources on autonomous driving.
Austria’s AI Brain Has a Plan to Take Down Waymo and Tesla – Bloomberg: Silicon Valley has an early lead in driverless cars, but a collaborative effort across Europe wants to close the gap.
Detroit partners with Maven in first step to support car-sharing – Detroitnews: Patty Fedewa hasn’t owned her own car since January 2009, but she typically needs one to pick up her 11-year-old daughter from a private …
Morgan Stanley Wins Stabilization Role for Uber IPO – Bloomberg: Morgan Stanley will take on the profitable job of overseeing Uber Technologies Inc.’s stock in the early hours of trading after the global ride-hailing …
Elon Musk says he’s ‘very happy’ after judge orders settlement negotiations with SEC – Yahoo: Tesla (TSLA) CEO Elon Musk emerged from a Manhattan federal district courtroom Thursday afternoon with a renewed opportunity to resolve a …
Google to pull plug on AI ethics council – Reuters: Alphabet Inc’s Google said on Thursday it was dissolving a council it had formed a week earlier to consider ethical issues around artificial intelligence and other emerging technologies.
Google Scraps New AI Ethics Council After Outcry – Bloomberg: The Alphabet Inc. company introduced the group, called the Advanced Technology External Advisory Council (ATEAC), on March 26. Google asked …
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Press Releases – Car CO2 emissions up: auto makers urge investment in charging infrastructure to boost electric cars
Brussels, 5 April 2019 – Average CO2 emissions from new cars were 118.5 grams of CO2 per kilometre in 2017, or up 0.4% compared to 2016, according to data published by the European Environment Agency (EEA) yesterday. This final data largely confirms the provisional 2017 figures, already published by the EEA in April last year.… Continue reading Press Releases – Car CO2 emissions up: auto makers urge investment in charging infrastructure to boost electric cars
Tokyo court approves Ghosn’s detention until April 14, lawyer to appeal
Former Nissan Motor Chairman Carlos Ghosn leaves his lawyer’s office in Tokyo, Japan in this photo taken by Kyodo April 3, 2019. Mandatory credit Kyodo/via REUTERS TOKYO (Reuters) – The Tokyo District Court on Friday said it had approved a request by prosecutors to detain ousted Nissan Motor Co Chairman Carlos Ghosn for 10 days,… Continue reading Tokyo court approves Ghosn’s detention until April 14, lawyer to appeal
Thursday Morning Auto News, Apr 04, 2019
This edition of the Morning Auto News brought to you from Hong Kong.
Ford watches from the top as Chevy Silverado, Ram pickups brawl for No. 2 – Freep: A few questions with Kumar Galhotra. Kumar Galhotra, president of Ford North America answers a few questions at Ford World Headquarters in Dearborn, MI on …
Tesla”s output slowed to 77,100 vehicles in Q1 – Detroitnews: The Palo Alto company churned out 77,100 vehicles from January to March, well behind the pace it must sustain
Tesla’s junk bond slammed on car deliveries miss; CDS cost surges – Reuters: Tesla Inc’s $1.8 billion junk bond price fell by the most in seven months and the cost to insure its debt against default surged on Thursday after a bigger-than-expected drop in first-quarter deliveries.
The Renault-Nissan Alliance Against Carlos Ghosn – Bloomberg: The Renault-Nissan Alliance Against Carlos Ghosn … The downfall of Carlos Ghosn, once idolized as the globe-trotting genius who turned France’s …
Auto parts maker ZF Friedrichshafen wins biggest order in firm’s history – Reuters: * CEO sees autonomous driving as too expensive for private cars
Citroen C5 Aircross will be PSA ‘flagship’ in India – Automotive News: The C5 Aircross compact SUV will lead Citroen’s entry into the Indian market, followed by three vehicles from a new range developed specifically for …
Model 3 Tracker Misses Tesla’s Production Shortfall – Bloomberg: Bloomberg’s experimental tool overestimated production amid Tesla’s international rollout.
IPWhoa: What to know before joining this year’s IPO wave – Washington Post: The ride-hailing company’s stock surged more than 20% from its IPO price on Friday. But by the first hour of Lyft’s second day of trading, the stock had …
Former Hyundai, Nissan exec Rushforth joins auto data specialist – Automotive News: Rushforth’s automotive career includes stints at Rover Group, BMW Group, Jaguar Land Rover, Audi and UK dealer group Lookers. He was vice …
Tesla shares skid after first-quarter deliveries disappoint – Reuters: Tesla Inc shares fell more than 8 percent on Thursday after a bigger-than-expected drop in first-quarter deliveries, led by waning demand for its luxury Model S …
How Daimler got into a fight with Detroit – Automotive News: Mercedes-Benz USA filed four lawsuits against Detroit mural artists after a dispute over Instagram photos posted in January 2018.
Tesla delivery numbers indicate 2019 will be a rough year – CNBC: Tesla’s first-quarter delivery numbers indicate the company has some tough … questions surrounding demand for its Model 3 sedan and CEO Elon Musk’s legal … Tesla did reiterate its annual delivery guidance of 360,000 to 400,000 …
Skoda’s new components chief is powertrain expert – Automotive News: Volkswagen Group veteran Christian Bleiel will head component production at Skoda. Bleiel succeeds Frank Engel, who moves to …
The Data German Stocks Care Most About Is China’s Data – Bloomberg: Important German car exports show some bottom-building, Ifo Institute business expectations gained last month for the first time since August 2018, …
For Carlos Ghosn, an Early Morning Knock Increases the Pressure, Again – New York Times: The authorities knocked on Carlos Ghosn’s door just before 6 a.m. He and his wife, Carole Ghosn, were still in their pajamas.
Stock futures stall | Tesla shares tanks | Dimon defends capitalism – CNBC: It’s not clear that the stock market’s recent rally will end today, but it’s also unclear that it will continue, with futures trading close to the flat line.
JP Morgan says Tesla just undermined Elon Musk’s defense against the SEC – CNBC: Tesla may have just hurt Elon Musk’s own case in his battle with the SEC, according to J.P. Morgan. “The now clear incongruence of CEO outlook …
Brexit Turns Off UK Car Buyers With Worst March Since 2013 – Bloomberg: Car sales dropped 3.4 percent year-on-year to 458,054 passenger vehicles as consumers stayed away from showrooms during what’s usually a …
Elon Musk’s Plan to Boost Tesla Sales Is Dealt a Setback – Fortune: The shortfall is a setback for Chief Executive Officer Elon Musk’s plan to accelerate sales with lower prices and target more markets worldwide.
Wall Street analysts say Tesla’s first-quarter deliveries were ‘substantially worse’ than expected – CNBC: Wall Street analysts were very disappointed in Tesla’s first-quarter delivery and production figures.
Opinion: Why safety tech and speed limiters can’t save us all – Autocar: The motor industry and global legislators want our roads to be fatality-free in future, but that could present a conundrum that technology can”t solve To recap, then, Volvo recently announced that it”s limiting all of its cars to 112mph from 2021. It…
Ghosn’s lawyer slams Japan’s ‘hostage justice’ after Ghosn rearrested – Automotive News: … escalating the legal jeopardy facing the former chairman of the Renault, Nissan, Mitsubishi alliance and potentially stymying plans to tell his side of …
Elon Musk Tweet to Get Review From Judge as SEC Seeks Sanctions – Bloomberg: A federal judge in Manhattan will spend the afternoon Thursday considering Elon Musk’s February Twitter post that the SEC claims is beyond the pale.
Elon Musk to square off with SEC in court at contempt hearing – Reuters: Lawyers for Tesla Inc Chief Executive Elon Musk will argue on Thursday that he did not violate a fraud settlement with the U.S. Securities and Exchange Commission and should not be held in contempt, the latest twist in a high-profile battle between the…
Self-driving cars could provide £62bn boost to UK economy by 2030 – Guardian: But such potential would be threatened by a no-deal Brexit, says SMMT.
Uber but for Xi Jinping – New York Times: If there’s one thing we know for certain about China in 2019, it’s that people there love their apps. They use WeChat to talk with friends; they spend …
Tesla’s Elon Musk to square off with SEC in court at contempt hearing – Reuters: … could lead to restrictions on his activities or even his removal from Tesla, while distracting him at a pivotal point in the electric car maker’s expansion.
Tesla, Volvo, Audi make gains as German market slips 0.5% in March – Automotive News: Registrations in Germany fell 0.5 percent to 345,523 in March, according to data published by the KBA Motor Transport Authority on …
Ready For a Fast Charge? – Bloomberg: Electric car chargers are evolving at lightning speed– trouble is, batteries are having a tough time keeping up More via @business: …
Uber Beefs Up Lobbying in Pre-IPO Makeover: The Influence Game – Bloomberg: A relative newcomer to Washington, Uber Technologies Inc. has revved up its Washington influence machine as the ride-sharing company expands …
Lyft Is Luring Investors, Just Not the Kind It Wants – New York Times: The percentage of shares on loan at Lyft is roughly equal to the level at Tesla, the electric-car maker, whose chief executive has waged a very public …
Energy group Total’s Saft arm strikes China batteries deal – Reuters: The Saft subsidiary of French energy group Total has struck a new deal to expand its presence in China in the fast growing market for batteries, energy storage and electric vehicles.
Tesla’s dire deliveries – FT: The electric car company reported total deliveries of 63,000, a 31 per cent drop … and far below analyst’s consensus of 71,350, according to Bloomberg data. … This led to 10,600 cars being in transit to customers at quarter end, the …
Aston boss: cost of autonomy will force mass car firm mergers – Autocar: Andy Palmer predicts major industry consolidation due to heavy spending required to develop new technology The investment needed to develop connected and autonomous vehicles will likely lead to mass consolidation of car companies globally, according…
Volkswagen tests self-driving tech in Hamburg – Automotive News: Volkswagen Group has started testing Level 4 self-driving technology on the streets of Hamburg in Germany. The tests involve five e-Golfs …
China flags support for parallel car imports, used car markets – Reuters: China’s commerce ministry said on Thursday that it will roll out measures to support the country’s parallel car imports and used automobile markets to boost car sales.
Total Teams With Chinese Battery Maker in Latest Shift for Big Oil – Bloomberg: Total bought battery maker Saft for 950 million euros ($1.07 billion) in 2016, while Royal Dutch Shell Plc acquired car-charging operator NewMotion a …
Italy sales slump 10% in March as consumer confidence declines – Automotive News: Within the Volkswagen Group, VW brand registrations slipped 3.5 percent and Skoda 1.8 percent, while Seat sales rose 14 percent. The T-Roc small …
Spain sales fall 4% in March as diesel share falls to new low – Automotive News: Within the Volkswagen Group, the VW brand suffered a 14 percent decline in March and Skoda dropped 20 percent. The Spanish brand Seat saw …
Nikkei edges up to 1-month high on trade optimism – Reuters: Japan’s Nikkei edged up to a one-month high on Thursday as investors bought carmakers and other cyclical shares on growing hopes that a trade deal can be reached between Washington and Beijing.
Prosecutors confiscate Ghosn’s wife’s passport, mobile – Ghosn’s lawyer – Reuters: Tokyo prosecutors confiscated the passport and mobile phone of Carlos Ghosn’s wife, Carole, when they arrested the former Nissan boss on Thursday morning, his lawyer said, adding that the defence team would “strongly appeal” the latest arrest.
Ghosn getting French consular protection -finance minister – Reuters: Ousted Renault-Nissan boss Carlos Ghosn, who was re-arrested in Japan on Thursday, is getting French consular protection, French finance minister Bruno Le Maire told BFM TV.
Ghosn reiterates innocence, asks French government to defend him – Reuters: Carlos Ghosn called on the French government to defend him and reiterated that he was innocent in an interview aired on Thursday with French TV stations TF1 and LCI.
New Renault Zoe EV to be ..
Ex-Smart boss replaces Cherie Blair as inspector: Annette Winkler docks on Renault’s supervisory board – for a tough job
REUTERS Annette Winkler at the presentation of the new Smart ForTwo in July 2014 Staying away from the car industry for a long time – that’s probably not the business of former Smart boss Annette Winkler. At the end of September 2018 she joined the Leadership of Daimler’s small car brand to her successor Katrin… Continue reading Ex-Smart boss replaces Cherie Blair as inspector: Annette Winkler docks on Renault’s supervisory board – for a tough job
Three surprising facts about electric vehicle ownership
Nissan’s fourth electric vehicle educational video addresses three common myths related to owning an EV BANGKOK – Electric vehicles (EV) aren’t just for early adopters anymore. With more than one-third of Southeast Asian consumers considering EVs for their next vehicle purchase*, the demand from people in Asia and Oceania to learn about EV ownership is… Continue reading Three surprising facts about electric vehicle ownership
Carlos Ghosn arrested in Japan on fresh misconduct charges
Former Nissan and Renault boss Carlos Ghosn has been re-arrested by prosecutors in Japan on fresh allegations of financial misconduct. The 65-year-old was arrested last November and has been charged with a number of offences relating to his time at Nissan. He was recently released on bail, but he was detained by prosecutors yesterday over fresh… Continue reading Carlos Ghosn arrested in Japan on fresh misconduct charges