The new Renault 5 EV is set to be produced at the firm’s Douai factory in northern France, where the original version of the supermini was built. Renault will revive the 5 name for an all-new electric hatchback that’s set to go into production in 2023 as a key part of a bold revival plan designed… Continue reading New Renault 5 to be built in same French factory as original
Tag: Mitsubishi
Stellantis CEO says merger of Fiat Chrysler, Peugeot prevents job cuts
Don’t expect to see a Peugeot dealership popping up down the block anytime soon. That doesn’t mean the head of Stellantis, the new company formed from the merger this weekend of Fiat Chrysler Automobiles and PSA Group, won’t consider the possibility down the road. But for right now, the closest most Americans might get to seeing… Continue reading Stellantis CEO says merger of Fiat Chrysler, Peugeot prevents job cuts
Grab, the $16 billion ride-hailing and delivery giant, is considering an IPO in the US this year, in what could be the largest overseas share offering by a Southeast-Asian company
Ride-hailing and food delivery giant Grab may launch an IPO in the US this year, sources told Reuters. The IPO could raise at least $2 billion, one of the sources said, which would likely be the largest overseas share offering by a Southeast-Asian company. Grab is worth more than $16 billion and operates in eight… Continue reading Grab, the $16 billion ride-hailing and delivery giant, is considering an IPO in the US this year, in what could be the largest overseas share offering by a Southeast-Asian company
German Manager Magazin: Renault: Luca de Meo’s strategy should lead away from mass thinking, but in the case of electric cars, belligerent with Renault 5-Comeback000479
The French automakerRenaultwants to find its way back on the road to success with a sharper savings system and the conversion to a software-driven technology group. The new CEO Luca de Meo (53) explained on Thursday his restructuring program with the name “Renaulution”, with which he wants to increase the profitability of the troubled group… Continue reading German Manager Magazin: Renault: Luca de Meo’s strategy should lead away from mass thinking, but in the case of electric cars, belligerent with Renault 5-Comeback000479
Exclusive: Southeast Asia’s Grab considering U.S. IPO this year – sources
By Anshuman Daga 2 Min Read FILE PHOTO: A Grab vehicle is pictured in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo SINGAPORE (Reuters) – Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year, encouraged by robust investor appetite for IPOs, three sources familiar with the matter… Continue reading Exclusive: Southeast Asia’s Grab considering U.S. IPO this year – sources
Renault to produce 7m cars with Nissan and Mitsubishi: Chairman
PARIS — French automaker Renault is beefing up its collaborative efforts with Japan’s Nissan Motor and Mitsubishi Motors, with the three-way alliance planning to share the production of major components. Renault unveiled a midterm strategic plan on Thursday that stresses manufacturing cooperation as well as production cost reductions as it scales back factories. The French… Continue reading Renault to produce 7m cars with Nissan and Mitsubishi: Chairman
Ghosn hid scale of Nissan salary, fearing dismissal from Renault, Tokyo court told
Ghosn is also charged with enriching himself through $5 million in payments to a Middle East car dealership. TOKYO – Carlos Ghosn concealed the scale of his compensation at Nissan because he feared the French government would force him out of Renault if it discovered how much he earned, an executive at the Japanese carmaker… Continue reading Ghosn hid scale of Nissan salary, fearing dismissal from Renault, Tokyo court told
Bus maker leads $310m funding for China self-drive startup WeRide
HONG KONG — Chinese autonomous vehicle startup WeRide has raised $310 million from bus maker Zhengzhou Yutong Group and several state-backed investors as Beijing rolls out new guidelines for testing self-driving cars. WeRide, backed by the alliance of Groupe Renault, Nissan Motor and Mitsubishi Motors, is among the front-runners in China’s rapidly growing autonomous vehicle sector. The… Continue reading Bus maker leads $310m funding for China self-drive startup WeRide
Tata Motors’ CEO’s term ends next month, no word on reappointment
Guenter Butschek, CEO and MD, Tata Motors MUMBAI/CHENNAI: The spotlight will be on Tata Motors’ CEO and MD Guenter Butschek whose five-year term comes to an end next month. There has been no word on whether the German, who has been managing the operations of Tata Group’s automobile flagship from Austria — where his family… Continue reading Tata Motors’ CEO’s term ends next month, no word on reappointment
Chinese self-driving startup WeRide closes Series B round at $310m
Chinese autonomous vehicle startup WeRide announced on Thursday the completion of its Series B2 and B3 rounds of financing, less than one month after the firm raised $200 million in a Series B1 round in late December. Guangzhou, China-based WeRide garnered a combined $310 million across the three tranches. Upon the completion of the Series… Continue reading Chinese self-driving startup WeRide closes Series B round at $310m