Tag: Nissan

The Predictive Index Secures $50M from General Catalyst

The Predictive Index, a Boston, MA-based talent optimization company, raised $50m in growth-stage funding. General Catalyst made the investment. The comnpany intends to use the funds to accelerate growth, launch new talent optimization category, and build a global talent optimization network. Led by Mike Zani, CEO, The Predictive Index provides a talent optimization platform that… Continue reading The Predictive Index Secures $50M from General Catalyst

Renault names Ghosn’s replacements

French car giant Renault has announced a new chairman and chief executive to replace Carlos Ghosn. Michelin’s Jean-Dominique Senard has been appointed chairman, while Thierry Bolloré will become chief executive. Mr Ghosn, who has been in jail in Japan since November 19 accused of financial misconduct at Nissan, had remained at the helm of Renault.… Continue reading Renault names Ghosn’s replacements

New Renault chairman Senard to focus on alliance with Nissan, Mitsubishi

Jean-Dominique Senard, newly-appointed Chairman of Renault, and Thierry Bollore, newly-appointed Chief Executive Officer of Renault, talk to journalists after French carmaker Renault’s board of directors meeting in Boulogne-Billancourt, near Paris, France, January 24, 2019. REUTERS/Philippe Wojazer PARIS (Reuters) – Jean-Dominique Senard, the new chairman of French carmaker Renault (RENA.PA), said he would focus on talks… Continue reading New Renault chairman Senard to focus on alliance with Nissan, Mitsubishi

Renault confirms Senard as new chairman, Bollore as CEO

Jean-Dominique Senard, newly-appointed Chairman of Renault, and Thierry Bollore, newly-appointed Chief Executive Officer of Renault, talk to journalists after French carmaker Renault’s board of directors meeting in Boulogne-Billancourt, near Paris, France, January 24, 2019. REUTERS/Philippe Wojazer PARIS (Reuters) – French carmaker Renault (RENA.PA) on Thursday confirmed the appointment of Michelin’s (MICP.PA) Jean-Dominique Senard as its… Continue reading Renault confirms Senard as new chairman, Bollore as CEO

Arnold Clark acquires Phoenix Car Company

Arnold Clark has completed the acquisition of Phoenix Car Company, with the transfer of assets and staff from the Paisley-based car retailer set to take place on January 31. The AM100’s fourth-placed retail group will grow with the addition of six retail sites in Paisley and one in Edinburgh from the group, with franchised partners… Continue reading Arnold Clark acquires Phoenix Car Company

Renault to name new bosses as Carlos Ghosn quits

Carlos Ghosn French carmaker’s board meets to appoint new chair and CEO to end Renault-Nissan leadership crisis Outgoing Renault carmaker CEO and chairman Carlos Ghosn, who resigned. Photograph: Charly Triballeau/AFP/Getty Images Renault’s board was meeting on Thursday to appoint new leadership, after the chairman and CEO Carlos Ghosn resigned. The French government, Renault’s biggest shareholder,… Continue reading Renault to name new bosses as Carlos Ghosn quits

Mercedes-Benz moves to build battery supply chain in Europe

2020 Mercedes-Benz EQC
A key obstacle to getting more electric cars on the road at the moment may be building up a big enough supply of batteries to power them.

So far, the only automaker with a large enough supply of batteries to produce electric cars in large volumes is Tesla. Volkswagen has also announced a $10 billion investment in electric-car batteries, but those factories have not yet borne full fruit.

On Tuesday, Polish Prime Minister Mateusz Morawiecki announced that Mercedes-Benz will invest $230 million (200 million Euros) in the Polish town of Jawor. That factory will contribute to Mercedes-Benz's plans to eventually purchase $23 billion worth of batteries for its new lineup of electric cars. Mercedes already operates an engine factory in the town.

READ THIS: Mercedes breaks ground on US battery factory (Updated)

“We are very happy that an investor that has been with us for a few years has entrusted us again and in the same place in Jawor,” Morawiecki said.

Mercedes plans to introduce the first of its new EQ line of electric cars, the EQC, this summer in Europe. It will be followed next year by a smaller EQB electric SUV as well as an EQC, made at the company's U.S. factory in Alabama alongside dedicated battery production facility for its U.S. models. Mercedes' parent company, Daimler, is also planning to produce a line of electric heavy trucks that will require additional battery investments.

Other automakers are also ramping up production of lithium-ion batteries for electric cars. BMW announced it will spend “somewhere in the mid-double-digit millions of euros” to build a battery production facility at its car factory in Dingolfing, Germany. At the same time, the brand is setting up a longer-term battery supply chain using recycled cells from Belgium to supply what is expected to be the world's second-largest battery factory in Stockholm.

CHECK OUT: BMW sets up end-to-end battery recycling in Europe

LG Chem has set up battery factories in Korea, China, Poland, the U.S., and elsewhere to build electric-car batteries for General Motors and most recently Nissan.

Battery manufacturers in China have also been building production, primarily for that country's wave of electric cars already on sale.

Many of these production facilities, however, have yet to come online, and automakers such as GM (and even Tesla) have struggled to buy (or make) enough batteries in order to build more electric cars.

With these investments, that may soon change.

Why car groups Nissan and Renault need each other

When Nissan’s chief executive Hiroto Saikawa addressed employees shortly after the arrest and dismissal of Carlos Ghosn in November, he painted a bleak picture of a company that had suddenly lost its captain.  It is a sharp contrast with the early days of Mr Ghosn’s leadership, when he achieved a rare turnround of Nissan from near… Continue reading Why car groups Nissan and Renault need each other