Former Nissan-Renault chief Carlos Ghosn has been re-arrested in Tokyo while out on bail pending trial over claims of financial misconduct. Prosecutors had been building a new case against him involving payments to a dealer in Oman, Japanese media said. Mr Ghosn, who has strongly denied wrongdoing, had only recently been released from prison after… Continue reading Carlos Ghosn re-arrested over new claims
Tag: Renault
Renault board accuses Ghosn of violating ethics
French carmaker publicly criticises former leader for first time following probe Go to Source
Renault scraps Ghosn’s pension as scandal deepens
PARIS (Reuters) – Renault blocked former chief executive Carlos Ghosn’s pension on Wednesday, as the French carmaker said an internal probe had identified “questionable and concealed practices” by the fallen auto industry hero. FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer’s office after being released on… Continue reading Renault scraps Ghosn’s pension as scandal deepens
Press Releases – EU should take global lead in connected and automated driving, automotive and telecoms sectors urge
Brussels, 3 April 2019 – As Europe prepares to elect a new European Parliament and appoint new Commissioners, the European Automotive and Telecoms Alliance (EATA) urges policy makers to step up efforts in order to ensure that the EU takes the global lead in connected and automated mobility. As global players launch new products and… Continue reading Press Releases – EU should take global lead in connected and automated driving, automotive and telecoms sectors urge
Nissan: Le Groupe Nissan publie ses ventes au Canada pour mars 2019
Mars 2019 Mars 2018 Variation Ventes totales du Groupe Nissan (unités) 14 981 15 192 -1,4 % Ventes de la division Nissan 13 606 13 987 -2,7 % Ventes d’INFINITI* 1 375 1 205 +14,1 % Mississauga (Ontario) – Le Groupe Nissan a annoncé aujourd’hui avoir vendu un total de 14 981 unités au Canada… Continue reading Nissan: Le Groupe Nissan publie ses ventes au Canada pour mars 2019
The Agnelli want to participate in the big Monopoly of the automobile
By Julien Dupont-Calbo Posted at 05:59 He took the pen to take stock. John Elkann wrote Tuesday to the shareholders of Exor, the holding of the Agnelli family controlling Fiat Chrysler, Ferrari, “The Economist” or Juventus Turin. Commenting on the annual results and welcoming the transition from hiring Cristiano Ronaldo to Juve, the heir to… Continue reading The Agnelli want to participate in the big Monopoly of the automobile
UPDATE 1-Exor’s Elkann stresses long-term commitment to Fiat Chrysler
(Recasts lead, adds background) MILAN, April 2 (Reuters) – Exor, the holding company of the Agnelli family, remains committed to Fiat Chrysler (FCA), chairman John Elkann said, in comments that may dampen speculation the Italian carmaker could be the target of a takeover. “Our permanence in the capital of FCA has given its successive leadership… Continue reading UPDATE 1-Exor’s Elkann stresses long-term commitment to Fiat Chrysler
Complete Auto Sales Analysis FY19: A Roller coaster year for automakers
After previous fiscal’s excitement overcast fizzed away in the first half of the financial year 2018-19, auto demand slipped down south resulting into a lower single digit growth for most of the segments in FY 2018-19. Macroeconomic factors like interest rate, inflation and good forecast monsoon lifted the demand in the first half of the… Continue reading Complete Auto Sales Analysis FY19: A Roller coaster year for automakers
Renault reportedly wants to merge with Nissan and buy Fiat Chrysler
Bill Pugliano | Getty Images
Fiat Chrysler Automobiles, Chrysler Group headquarters
Renault is reportedly looking to restart merger talks with Nissan within the next 12 months before making an audacious attempt to buy Fiat Chrysler.
The Italian-American multinational is a prime target for the French firm, according to the Financial Times who cited several people familiar with Renault's plans, and former Renault CEO Carlos Ghosn held talks with Fiat in recent years before his arrest in Japan on financial misconduct charges.
The FT also reported that Fiat Chrysler Chairman John Elkann is open to a potential partnership or merger in a bid to boost his firm. A combination of Renault, Nissan and Fiat Chrysler would be viewed as a viable rival to the current global auto leaders, Volkswagen Group and Toyota.
Ensuring permanence of auto alliance a priority, Renault CEO says
7:15 AM ET Tue, 5 March 2019 | 04:24
Renault, Nissan and Mitsubishi are not officially merged but all three carmakers operate a partnership under a complex arrangement of cross-party share ownership.
The arrangement was plunged into crisis in November last year when former Nissan chairman and Renault CEO Carlos Ghosn was arrested in Japan following allegations of financial misconduct, which he denies.
Shares in Renault have risen 2.5 percent during Wednesday's European trade, while Fiat Chrysler is up more than 3 percent.
Renault and Fiat Chrysler were not immediately available for comment when contacted by CNBC.
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Lithium battery production set to grow 50 percent a year
Lithium-ion battery cells
One of the biggest upcoming challenges for electric cars is having an adequate supply of lithium batteries.
A new report by Benchmark Minerals, first cited by CleanTechnica, shows battery makers are working quickly to meet growing demand for new lithium-ion battery cells from automakers.
According to the company's Battery Factory Data, battery suppliers ramped up their forecast supply from 922 gigawatt-hours in 2023 to 965 in February, an increase of 4 percent in February alone. Extrapolated to an annualized forecast, that would increase battery supplies available in that year by 50 percent this year alone.
READ THIS: German automakers commit to massive battery purchases, sidestep some hard realities
It's unclear, of course, whether growth in supply forecasts will continue soaring on that trajectory for the rest of the year, but constraints in battery supplies have already emerged as a likely obstacle to planned electric-car production by the middle of the next decade.
The Volkswagen Group alone has ramped up its investment in developing future electric cars to $50 billion by 2023. Other automakers including BMW, Daimler (Mercedes-Benz), General Motors, and Fiat Chrysler.
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So far, most electric car batteries have come from just a handful of suppliers, including Korean LG Chem, Nissan's SAIC, CATL, Panasonic (for Teslas), Samsung, and SK Innovation.
That has left some automakers planning big investments in electric cars at the mercy of battery suppliers and led to delays in some products and likely to lower production of some models than the automakers could sell.
The Benchmark Minerals report shows production capacity for lithium-ion battery growing to almost 1.6 terawatt-hours by 2028.