Tag: Renault

Renault invests $144 million into China’s electric vehicle sector

Loic Venance | AFP | Getty Images Auto maker Renault and the Jiangling Motors Corporation Group (JMCG) have officially set up a joint venture for electric vehicles in China.
In an announcement Wednesday, Renault said that the venture would look to “further promote the development” of China's electric vehicle industry.
Renault will increase its share capital by around 128.5 million euros ($144.1 million) to become a major shareholder of JMEV, a subsidiary of JMCG. Renault's stake in JMEV will increase to 50%.
Francois Provost, senior vice president and chairman of the China region for Groupe Renault, described China as a key market for the firm. “This partnership in electric vehicle business with JMCG will support our growth plan in China and our EV capabilities,” Provost added.
Worldwide electric car sales hit 1.98 million in 2018, according to the International Energy Agency (IEA), with global stock reaching 5.12 million.
China's electric car market is the biggest on the planet, the IEA says, with Europe and the U.S. following behind. There were 2.3 million electric cars on China's roads last year, according to the IEA, representing roughly 45% of the world's total.

GROUPE RENAULT AND JMCG OFFICIALLY ESTABLISH A JOINT VENTURE FOR ELECTRIC VEHICLES IN CHINA

•             Groupe Renault will increase its share capital by RMB 1 billion to become a major shareholder of JMEV with a 50% stake.   Boulogne-Billancourt, July 17, 2019 – Groupe Renault and Jiangling Motors Corporation Group (JMCG) announced the official establishment of their joint venture to further promote the development of the EV industry in… Continue reading GROUPE RENAULT AND JMCG OFFICIALLY ESTABLISH A JOINT VENTURE FOR ELECTRIC VEHICLES IN CHINA

Jaguar Land Rover receives £500m government loan guarantee for EV production

Jaguar Land Rover has received a £500 million loan guarantee as part of a new government initiative to support UK car manufacturers’ electrification schemes.  In a meeting of automotive industry leaders at 10 Downing Street, Theresa May announced that the guarantee would be provided by UK Export Finance. The nature of the investment means that if… Continue reading Jaguar Land Rover receives £500m government loan guarantee for EV production

Renault sees new model push as softening sales decline

PARIS (Reuters) – French carmaker Renault (RENA.PA) posted a 6.7% decline in first-half vehicle sales amid a global auto slowdown, but said a forthcoming product offensive would begin to help soften the blow in key markets. FILE PHOTO: The logo of French car manufacturer Renault is seen at their dealership in Haguenau, North Eastern France,… Continue reading Renault sees new model push as softening sales decline

Glare Falls on Nissan’s C.E.O. as Ghosn Fallout Spreads – The New York Times

Nissan’s chief executive, Hiroto Saikawa, is in the toughest fight of his corporate life. And it’s all Carlos Ghosn’s fault. At least that’s what Mr. Saikawa has said for seven months since Mr. Ghosn — the architect of the Nissan-Renault-Mitsubishi alliance — was detained by Japanese prosecutors and accused of financial wrongdoing. Mr. Saikawa, once… Continue reading Glare Falls on Nissan’s C.E.O. as Ghosn Fallout Spreads – The New York Times

Ancaster increases South-East presence with new Nissan dealership

Ancaster Group has opened a new Nissan dealership in Eltham, South-East London. The new dealership combines sales, aftersales, service and used car facilities together with parking for 60 cars on the roof. Outside, there is an area to display 40 approved used vehicles, EV charging points, dedicated valeting bays and customer parking. Stephen Wood, managing… Continue reading Ancaster increases South-East presence with new Nissan dealership

Automotive: PSA struggling in the first half

The bad signs of the first quarter were confirmed. Global sales of PSA (Peugeot, Citroën, DS, Opel, Vauxhall brands) fell by 12.8% in the first half to 1.9 million vehicles, affected in particular by the shutdown of sales in Iran and trade difficulties in China . It is the Peugeot brand that signs the biggest… Continue reading Automotive: PSA struggling in the first half

COMMUNICATION OF GROUPE RENAULT

Boulogne-Billancourt, July 12th, 2019 – In response to the request of the Nanterre Public Prosecutor’s Office, Renault today sent the final Mazars’ report on RNBV. Renault is fully cooperating with the authorities and will not comment on the report’s content to avoid the risk of jeopardizing the proper conduct of the investigation and all the… Continue reading COMMUNICATION OF GROUPE RENAULT

The most “green” cars according to “Green NCAP” electric at the top, good diesel power

The most “green” cars according to “Green NCAP” electric at the top, good diesel power 07/11/2019 The results of the second test series: 5 STARS: Nissan Leaf (electric), 4 STARS: Opel Corsa (petrol), 3 STARS: Audi A4 Avant g-tron (methane), Mercedes Class C and Renault Scenic (diesel) Emissions and actual consumption of the cars on… Continue reading The most “green” cars according to “Green NCAP” electric at the top, good diesel power