PARIS/TOKYO (Reuters) – Renault (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) ruled out a merger on Wednesday and instead said they would cooperate more closely on vehicle development to slash costs and salvage their troubled alliance. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships… Continue reading Renault and Nissan rule out merger as they unveil survival plan
Tag: Nissan
UPDATE 2-Renault and Nissan rule out merger as they unveil survival plan
FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Reims, France, July 9, 2019. REUTERS/Christian Hartmann PARIS/TOKYO (Reuters) – Renault (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) said on Wednesday they would each take a lead on car manufacturing in different… Continue reading UPDATE 2-Renault and Nissan rule out merger as they unveil survival plan
@Nissan: Alliance new cooperation business model to support member-company competitiveness and profitability
2020/05/27 Alliance partners to leverage leader-follower scheme to enhance efficiency and competitiveness in products and technologies Individual members to be reference for the regions where they have key strengths, acting as a gateway and support mechanism for partners’ competitiveness Alliance continues to benchmark performance in products, technologies and markets against top industry standards Groupe Renault,… Continue reading @Nissan: Alliance new cooperation business model to support member-company competitiveness and profitability
Nissan plans $2.8bn cost cut, scaling back US factory
TOKYO — Nissan Motor plans to scrap a production line at one of its two U.S. auto assembly plants as part of an effort to cut 300 billion yen ($2.79 billion) in annual costs, Nikkei learned Tuesday. The closure of a line at the factory in Canton, Mississippi, is expected to reduce the Japanese automaker’s… Continue reading Nissan plans $2.8bn cost cut, scaling back US factory
Aston Martin chief leaves after 94% share price collapse
Struggling luxury UK carmaker Aston Martin has announced that chief executive Andy Palmer has stepped down. Tobias Moers is taking over from 1 August, with Keith Stanton filling the gap as interim chief operating officer. Mr Moers joins from Mercedes’ high-performance subsidiary AMG, where he is currently chief executive. Aston Martin was struggling before the… Continue reading Aston Martin chief leaves after 94% share price collapse
Nissan and Renault shelve merger plans to repair their alliance: sources
(Reuters) – Renault (RENA.PA) and Nissan (7201.T) have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front… Continue reading Nissan and Renault shelve merger plans to repair their alliance: sources
French carmaker Renault could close plants and cut jobs: union
PARIS (Reuters) – French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday. FILE PHOTO: A Renault Clio E-Tech Hybrid car is seen at Brussels Motor Show, Belgium, January 9,… Continue reading French carmaker Renault could close plants and cut jobs: union
Nissan says preparing to gradually restart Mexico operations
FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon/File Photo MEXICO CITY (Reuters) – The Mexican unit of Nissan Motor Co Ltd unit said on Monday that it is preparing to gradually reopen under strict safety measures, beginning with activities that are directly related to vehicle… Continue reading Nissan says preparing to gradually restart Mexico operations
Renault could ‘disappear’ without government help, French finance minister warns
London (CNN Business)Renault may not survive the shock of the coronavirus pandemic without help from the French government.The French government and Japan’s Nissan (NSANF) are Renault’s largest shareholders, each owning a 15% stake in the company.The government is currently negotiating the terms of a €5 billion ($5.4 billion) loan for Renault.
France warns Renault could disappear; Nissan plans job cuts
PARIS/TOKYO (Reuters) – Europe’s car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn’t get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe. FILE PHOTO: The logo of Renault carmaker is pictured… Continue reading France warns Renault could disappear; Nissan plans job cuts