Renault – Page 1210 – I wish I had more to offer

TomTom to sell Telematics unit to Japan’s Bridgestone for $1.03b

January 22, 2019 TomTom, the Dutch navigation and digital maps company, said on Tuesday it has agreed to sell its Telematics, or the fleet management business, to Japan’s Bridgestone for 910 million euros (£802.5 million or $1.03 billion). The company will return 750 million euros of that to shareholders via a capital repayment and share… Continue reading TomTom to sell Telematics unit to Japan’s Bridgestone for $1.03b

New Renault TWINGO: More fun, more sophisticated than ever

Download Conditions All materials on this website are the sole property of Renault SAS and/or of its subsidiaries or of any third party having granted Renault SAS permission to use them. Please note that these materials are for editorial use only. Commercial use, including advertising, marketing and merchandising, is strictly prohibited. All trademarks are the… Continue reading New Renault TWINGO: More fun, more sophisticated than ever

Ghosn’s bail is again denied as he faces a long stretch in jail

Marlene Awaad | Bloomberg | Getty Images
Nissan's former chairman Carlos Ghosn was denied bail by a Tokyo court on Jan. 22, 2019.

For the second time in a week, Carlos Ghosn lost a court fight to be granted bail. The latest defeat came Tuesday in Tokyo when a judge denied an appeal from the former Nissan CEO.

The decision means Ghosn will likely remain in detention until early March.

In his latest petition for bail, the 64 year old offered to pay a higher amount, put up his Nissan stock as collateral and surrender his passports.

“I want to emphasize that I will reside in Japan and respect any and all bail conditions the Court concludes are warranted,” Ghosn wrote in a statement. “I will attend my trial not only because I am legally obligated to do so, but because I am eager to finally have the opportunity to defend myself. I am not guilty of the charges against me and I look forward to defending my reputation in the courtroom; nothing is more important to me or to my family.”

Ghosn has been in jail in Japan since November as Japanese authorities have investigated allegations he and another Nissan executive, Greg Kelly, did not disclose the full amount of Ghosn's compensation over several years. While in detention in a Japanese jail, Ghosn has not been allowed to have direct contact with his family. He remains incarcerated while awaiting trial on charges he committed financial crimes while serving heading Nissan.

At a bail hearing earlier this month, Ghosn spoke publicly for the first time about his detention and denied the charges against him.

“I have been wrongly accused and unfairly detained based on meritless and unsubstantiated accusations,” Ghosn told the judge at his hearing.

Last week, Ghosn's wife released a letter she sent to Human Rights Watch decrying the treatment her husband has faced while detained and investigated.

“For hours each day, the prosecutors interrogate him, browbeat him, lecture him, and berate him, outside the presence of his attorneys, in an effort to extract a confession. No human being should be detained under conditions so harsh that their only plausible purpose is to coerce a confession,” Carole Ghosn wrote.

Carmakers risk bumps in the road to collaboration

New Ford and VW partnership may face strains similar to those at Renault and Nissan Go to Source

TEPCO Ventures invests $2.5 million in V2G provider Fermata Energy

Fermata Energy, a provider of vehicle-to-grid (V2G) technology, has secured a $2.5-million strategic investment from TEPCO Ventures, the investment arm of Tokyo Electric Power. Fermata’s bi-directional chargers enable EV batteries to provide energy storage to the power grid, reducing power loads during peak times and consequently reducing electricity costs. Fermata Energy’s proprietary software system is… Continue reading TEPCO Ventures invests $2.5 million in V2G provider Fermata Energy

BMW plans to tone down styling of its electric cars

BMW i Vision Dynamics concept, 2017 Frankfurt Motor Show
To stand out, or not to stand out. That is the question many electric automakers are asking as electric cars transition from being something new and different to being just another drive system for all types of cars.

Among the most recognizable electric-car designs are those that stand out from the crowd: The original Nissan Leaf, the Toyota Prius Prime, the BMW i3.

CHECK OUT: 2019 BMW i3 to get bigger battery with 153-mile range

Now electric cars are going more mainstream, according to an October interview with BMW styling director Adrian van Hooydonk in the British publication Autocar, so there's no reason to make them look so different.

“BMW customers want a dynamic car, whether it is a battery-electric vehicle or not,” van Hooydonk told Autocar. “So there’s is increasingly less reason to make these kinds of cars look different.”

READ THIS: BMW Vision iNext electric concept redefines German luxury flagship

It has been a long-running debate among designers of hybrid and electric vehicles. People buy cars to make a statement, just as they might buy a jacket or shoes. Early hybrid and electric car buyers wanted their support for the environment, or at least their reduced petroleum consumption.

Driving an ordinary-looking car didn't accomplish that. Onlookers had no reason to strike up a conversation to ask why they were driving it.

BMW Vision iNext concept

BMW's change of heart is another sign that electric cars are moving beyond early adopters to more mainstream buyers—known as the “early majority,” among marketers. The early majority accepts that early adopters have proven a technology, and wants to establish that it is now mainstream.

Building good-looking, but mainstream, cars with electric powertrains accomplishes that goal.

DON'T MISS: All-electric BMW i4 to be production version of i Vision Dynamics concept

BMW executives have announced that instead of building completely separate designs for electric cars—such as the i3 and i8 with their carbon-fiber chassis and aluminum floor pans—the brand will work to develop electric versions of all of its primary cars, such as the upcoming 2020 iX3 SUV, which is an electric version of the X3, and the 2019 Mini Cooper S E, an electric version of the standard Mini hatchback.

Other upcoming BMW electric-car concepts show a mixed approach. The luxurious and nominally self-driving Vision iNext luxury SUV, which could inspire a production model in about 2022, is all harsh angles, with odd wings and big pillarless glass. It will definitely stand out on the road.

BMW's Vision Dynamics concept is a sleek four-door sedan that previews the company's next electric car (after the iX3 and the Mini Cooper S E), an electric version of the elegant-looking but relatively mainstream 4-series. It will also stand out on the road—but for its elegance, not just its brash, indifferent, difference.

Jaguar I-Pace outsells all other cars in the Netherlands in December

Tax changes can have great effects on car sales. In Belgium, new fiscal deductability rules taking effect on January 1st 2018 prompted thousands of buyers to sign an order form for a (premium) plug-in hybrid in December. A similiar phenomenon has manifested itself in the Netherlands last month: Dutch company car drivers hurried to the… Continue reading Jaguar I-Pace outsells all other cars in the Netherlands in December

PJSC AVTOVAZ announces the signature of a Special Investment contract

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21.01.19
PJSC AVTOVAZ announces the signature of a Special Investment contract

PJSC AVTOVAZ today announced the signature of a Special Investment contract (SPIC) with the Russian Ministry of Industry and Trade of the Russian Federation, to support the development of Alliance brands in Russia – LADA, Nissan, Datsun, Renault and Mitsubishi and modernize facilities for their production.
Within the scope of the agreement, PJSC AVTOVAZ serves as the main investor within the group of Alliance partners that involves LLC LADA Izhevsk (part of AVTOVAZ Group), CJSC Renault Russia, LLC Nissan Motor Manufacturing Russia, and LLC Mitsubishi Motors Rus. This contract also involves the Government of Samara Region, the Government of the Udmurt Republic, the Government of Moscow, the Government of Saint Petersburg and the Government of Kaluga Region.
During the 10-year contract PJSC AVTOVAZ will invest more than 70 B-RUB, create 2,300 jobs, and together with its Alliance partners, expand localization of materials, parts and components, introduce new technologies, develop R&D activities in Russia and increase export volumes.
The President of PJSC AVTOVAZ Yves Caracatzanis said that the SPIC will greatly help the Company in the implementation of its ambitious mid-term plan. “In coming years AVTOVAZ Group is going to completely renew its LADA product range. In this situation, SPIC is providing the long-term visibility which is critical for our activities and it will also contribute to the development of the whole Russian auto components industry,” – stressed Mr. Caracatzanis.
Nicolas Maure, Vice-Chairman of the Board of Directors, noted that the Russian market is key to the success of Groupe Renault, including AVTOVAZ. “I’m glad that the Russian Federation government extended to AVTOVAZ and all Alliance partners in Russia the possibility to sign this SPIC which materializes our commitment to develop our activities in Russia”, – stated Mr. Maure.
Sergey Skvortsov, Chairman of the Board of Directors, confirmed that the SPIC has been approved through an extraordinary Board meeting on December 24th. “This SPIC is a great opportunity for AVTOVAZ and its Alliance partners to continue investing in new projects and increase localization and exports which are critical for the future of the automotive industry in the country”, – stated Mr. Skvortsov.
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21.01.19
PJSC AVTOVAZ announces the signature of a Special Investment contract

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10.01.19
LADA achieved exceptional success in 2018 sales

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24.12.18
AVTOVAZ: Main Events of 2018

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19.12.18
Cyrille Druhen-Charnaux appointed PJSC «AVTOVAZ» Vice-President for Purchasing

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10.12.18
New production in the Industrial park of AVTOVAZ

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07.12.18
LADA – new conditions to purchase XRAY Cross and Vesta SW

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LADA showed a record sales result in November

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LADA XRAY – new model year

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LADA expends the presence on the market of Uzbekistan

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LADA – LADA Vesta is the sales leader in October

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01.11.18
LADA XRAY Cross – start of sales

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30.10.18
AVTOVAZ Group Announces New Appointments

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22.10.18
Financial performance of AVTOVAZ Group maintains its positive trend in Q3 2018

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15.10.18
LADA reveals prices for LADA XRAY Cross

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15.10.18
LADA – the presence growth on international markets

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Carlos Ghosn offers to wear ankle tag if he is granted bail in Japan

Carlos Ghosn Court has already rejected one bail request from ex-Nissan boss, saying he is a flight risk Former Nissan executive Carlos Ghosn has been in detention in Japan since his arrest on 19 November. Photograph: Facundo Arrizabalaga/EPA Carlos Ghosn has vowed to remain in Japan in the unlikely event he is granted bail, even… Continue reading Carlos Ghosn offers to wear ankle tag if he is granted bail in Japan

APAC Dealbook: Alliance backs Tekion; Motorist.sg snags funds

January 21, 2019 The corporate venture capital fund of Renault-Nissan-Mitsubishi Alliance has backed automotive retail platform Tekion while Singapore’s auto concierge platform Motorist.sg secures seed funding. Alliance Ventures backs platform for automotive retail Tekion Alliance Ventures, the corporate venture capital fund of Renault-Nissan-Mitsubishi Alliance, has announced an investment in Tekion, a US-based platform for automotive retail, according to… Continue reading APAC Dealbook: Alliance backs Tekion; Motorist.sg snags funds