Tag: Nissan

Right-hand-drive Renault Twingo may depend on Nissan tie-up

Renault Group CEO Luca de Meo “wants” to make the reborn Renault Twingo in right-hand-drive but admitted making the business case to do so was “a challenge”. The new electric city car, which is based on the French firm’s new Ampr Small EV platform, will go on sale in left-hand-drive markets in 2026, priced from less… Continue reading Right-hand-drive Renault Twingo may depend on Nissan tie-up

Press Brakes Market to grow by USD 555.7 million (2024-2028), fueled by rising demand for CNC press brakes, with AI driving market transformation – Technavio

NEW YORK, Dec. 3, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global press brakes market size is estimated to grow by USD 555.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 5.32%  during the forecast period. Increase in demand for CNC press… Continue reading Press Brakes Market to grow by USD 555.7 million (2024-2028), fueled by rising demand for CNC press brakes, with AI driving market transformation – Technavio

MUFG Announces Executive Leadership Changes Within its Securities Business

Denis McHugh appointed Chief Executive Officer of MUFG Securities Americas Inc. (MUSA), while Charles Green, Jr. joins the company as Chief Risk Officer for MUSA, Head of Market Risk Americas, MUFG Securities (Canada), Ltd., and International CRO for MUSI NEW YORK, Dec. 3, 2024 /PRNewswire/ — MUFG, one of the world’s leading financial groups, has… Continue reading MUFG Announces Executive Leadership Changes Within its Securities Business

End of an era as Carlos Tavares exits Stellantis

Carlos Tavares There was a point in time when Carlos Tavares could do no wrong. He was seen as the miracle turnaround man for Groupe PSA when it was literally down and out in the period of the global slowdown for 2009 to 2013. Not only did Tavares bring Peugeot back from the brink but… Continue reading End of an era as Carlos Tavares exits Stellantis

Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales

watch now DETROIT — Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board of directors, the company said Sunday. The world’s fourth-largest carmaker said its board accepted Tavares’ resignation on Sunday. His departure is effective immediately. Jeep-maker Stellantis said that its process to appoint… Continue reading Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales

Aramco completes acquisition of 10% stake in Horse Powertrain Limited

Following the signing of definitive agreements on June 28, 2024, Aramco has completed its acquisition of a 10% equity stake in Horse Powertrain Limited (“Horse Powertrain”), based on an enterprise value of €7.4 billion Renault Group and Geely (through Geely Holding and Geely Auto) each retain a 45% equity stake in Horse Powertrain The investment solidifies a… Continue reading Aramco completes acquisition of 10% stake in Horse Powertrain Limited

Nissan looks to avoid repeat of 1999 crisis after profit collapse

After a brutal six months, Nissan is edging towards a financial precipice of the type that prompted its 1999 rescue by Renault. The Japanese firm is reportedly scouting for an investment partner to bolster it financially.  Honda has been named by a source speaking to the Financial Times as a possible buyer for shares being sold by Renault.… Continue reading Nissan looks to avoid repeat of 1999 crisis after profit collapse