Stellantis continues to bet on car sharing. The French automotive group announces, this Tuesday, having reached an agreement with BMW and Mercedes-Benz for the acquisition of their Share Now service. If the three manufacturers have “agreed not to disclose the details of the transaction”, for analyst Jürgen Pieper of the private bank Bankhaus Metzler quoted… Continue reading Stellantis expands its car-sharing offering by acquiring Share Now from BMW and Mercedes-Benz
Author: Les Echos (French)
Tesla, new profit champion among automakers
Who would’ve believed that ? Barely a year ago, Tesla’s meager profits came largely from sale of CO2 credits . Today, against all odds, the champion of the electric car has also become the champion of profitability in the automotive industry. According to the ranking established by the firm EY based on the 2021 accounts… Continue reading Tesla, new profit champion among automakers
Porsche and Audi will enter Formula 1
The rumor, which had been circulating for several months in the paddock, was confirmed on Monday by Volkswagen: Porsche and Audi, the two premium brands of the German group, will be well engaged in Formula 1. It remains to be seen how: will they simply choose to supply engines or will they be tempted by… Continue reading Porsche and Audi will enter Formula 1
Carlos Ghosn allegedly received more than $30 million from a Renault distributor in the Middle East
If Carlos Ghosn escaped Japanese justice by fleeing to Lebanon, he risks soon being tried in France, whether he is present or not, for abuse of corporate assets, money laundering and acts of corruption. French magistrates suspect the former CEO of the Renault-Nissan-Mitsubishi alliance of having received more than $30 million from a major distributor… Continue reading Carlos Ghosn allegedly received more than $30 million from a Renault distributor in the Middle East
Renault: the explosive question of Nissan’s participation
Posted on Apr 29, 2022 at 3:30 p.m.Updated on Apr 29, 2022 at 3:37 p.m. Renault will certainly be among the hot issues that the future government will find in its boxes. The executive will not only have to ensure that the finances of the Diamond remain afloat after his retirement from Russia , and… Continue reading Renault: the explosive question of Nissan’s participation
Plastic Omnium positions itself in automotive lighting
Posted Apr 29, 2022, 1:40 PM Plastic Omnium wants to become a major player in automotive lighting. After having already acquired a small German player in the sector, AMLS, at the end of March for 65 million euros, the equipment supplier controlled by the Burelle family, this time disburses 600 million euros, in cash, to… Continue reading Plastic Omnium positions itself in automotive lighting
Automotive: OEMs zigzag between Ukraine and China
Posted on Apr 27, 2022 at 4:12 p.m.Updated on Apr 27, 2022 at 4:13 p.m. A big brake in Europe in March, and another probably to come in China: the production crisis in the automotive industry knows no respite, as shown by the quarterly results published Tuesday and Wednesday by the major French equipment manufacturers… Continue reading Automotive: OEMs zigzag between Ukraine and China
Renault: towards a sale of Lada to a scientific institute of the Russian State
Posted Apr 27, 2022, 12:41 PM Renault’s retreat from Russia is becoming clearer. A month after having announced the “suspension of its industrial activity” in the country, and the evaluation of “all its possible options concerning its participation in Avtovaz”, the Losange should finally cede its assets in Russia to a Russian state scientific institute… Continue reading Renault: towards a sale of Lada to a scientific institute of the Russian State
Tequila, robot, brain implant… these other crazy projects of Elon Musk
Posted on Apr 26, 2022 at 2:31 p.m.Updated on Apr 26, 2022 at 2:49 p.m. Elon Musk is a seasoned businessman. His fortune, estimated at no less than 265 billion dollars (246.5 billion euros), and his rank as the richest person on the planet bear witness to this. That didn’t stop him from embarking on… Continue reading Tequila, robot, brain implant… these other crazy projects of Elon Musk
Why Stellantis and Volkswagen want to do without dealerships
Posted Apr 26, 2022, 6:15 AM Car dealerships have a lot to worry about. They must both deal with sales of new cars which are likely to vegetate for the third consecutive year at a historically low level, but also to face the desire of certain manufacturers to overhaul their distribution contracts, in a direction… Continue reading Why Stellantis and Volkswagen want to do without dealerships