Carlos Ghosn has revived two troubled automakers and he’s in the midst of doing so with a third. Now, he’s poised to undertake what might well be his final act: A full merger of Renault SA and Nissan Motor Co. after almost two decades of cooperation under a complex cross-shareholding alliance. Carlos Ghosn Photographer: Christophe… Continue reading Carlos Ghosn Wants a Full-Fledged Renault-Nissan Union
Tag: Daimler
Damages claims for truck cartel: Daimler must be the first in court
Mercedes-Benz trucks From 1997 to 2011, several truck manufacturers, including Daimler, exchanged information with each other, according to the EU Commission. (Photo: AP) The Stuttgart district court has on Thursday the first claim for damages against the truck manufacturer Daimler negotiated for his involvement in the truck cartel. A recycling company from Halle an der… Continue reading Damages claims for truck cartel: Daimler must be the first in court
Renault shares leap after Nissan merger report
Shares in Renault hit levels not seen for more than a decade on Thursday following a report the French brand is to merge with Nissan. The two companies, which have operated an alliance since 1999, would form a new, single, listed company under the plans being discussed, according to the Bloomberg financial news service which… Continue reading Renault shares leap after Nissan merger report
Daimler-BMW mobility venture aims to be global player – Daimler CFO
STUTTGART: Daimler and BMW‘s new joint mobility services division aims to become a global player through both organic growth and acquisitions, Daimler Chief Financial Officer Bodo Uebber said on Thursday. “We want to grow significantly and we are in a position to handle large acquisitions,” Uebber said. The two leading German luxury carmakers unveiled plans… Continue reading Daimler-BMW mobility venture aims to be global player – Daimler CFO
Nissan and Renault in merger talks, says report
Industry by Sam Sheehan, Autocar UK Mar 29, 2018 Renault and Nissan already share platforms and technology in their cars Nissan and Renault are in talks about merging to create one new company, according to reports by business news agency Bloomberg. The Japanese and French car makers have been in an alliance since 1999, with Mitsubishi joining in 2016,… Continue reading Nissan and Renault in merger talks, says report
Nissan and Renault could merge to form one company, says report
Nissan and Renault are in talks about merging to create one new company, according to reports by business news agency Bloomberg. The Japanese and French car makers have been in an alliance since 1999, with Mitsubishi joining in 2016, helping the trio to overtake the Volkswagen Group as the largest car company in the world. But… Continue reading Nissan and Renault could merge to form one company, says report
Car expert Ferdinand Dudenhöffer: Geely could also participate in car sharing fusion of Daimler and BMW
car sharing BMW has merged its daughter Drive Now with Daimler’s daughter Car2Go. (Photo: AP) After Merger of carsharing providers from Daimler and BMW Car expert Ferdinand Dudenhöffer considers a merger with the Chinese supplier Cao Cao possible. Cao Cao belong to the GeelyGroup of the largest DaimlerShareholder Li Shufu and is already very successful… Continue reading Car expert Ferdinand Dudenhöffer: Geely could also participate in car sharing fusion of Daimler and BMW
SF Motors reveals two electric SUVs with 300 miles of range
While much of the automotive world is focused on the New York Auto Show, a small car startup has unveiled its first-ever vehicles on the other side of the country in Santa Clara, California. SF Motors, the US arm of Chinese company Sokon, has just announced two cars — the SF5 and the SF7 —… Continue reading SF Motors reveals two electric SUVs with 300 miles of range
BMW, other carmakers to recall more than 47,900 vehicles: ministry
SEOUL, March 29 (Yonhap) — BMW, Mercedes-Benz and other carmakers will voluntarily recall more than 47,936 vehicles and motorcycles to fix faulty parts, the transport ministry said Thursday. BMW’s recall — set to begin on Friday — affects 25,732 units of the BMW 128i and 20 other models built between March 2, 2006, and Oct.… Continue reading BMW, other carmakers to recall more than 47,900 vehicles: ministry
BMW and Daimler create the world’s number one car-sharing
To stay in the running against American Uber and Lyft or Chinese Didi, Daimler and BMW join forces. The two German manufacturers, who usually fight for the first place in the podium on the high-end segment, Wednesday announced the signing of an agreement to merge their mobility services Car2go and DriveNow. The operation, which has… Continue reading BMW and Daimler create the world’s number one car-sharing