Tag: Renault

Renault’s China JV with Brilliance heading into restructuring

Renault on Wednesday confirmed a report that its joint venture with Chinese carmaker Brilliance Auto Group had run out of cash and is heading for a restructuring. “In light of (the JV‘s) inability to meet its current financial obligations, the company’s board of directors has resolved to initiate a restructuring process,” a spokesperson said. A source in September told Reuters Renault was in… Continue reading Renault’s China JV with Brilliance heading into restructuring

NLRB to review order blocking Nissan plant small union vote

Nashville, Tenn. – A federal labor board is reviewing a decision by one of its regional officials to deny a union from trying to organize fewer than 100 of the thousands of employees at Nissan’s auto assembly plant in Tennessee. A 3-2 decision Tuesday by the National Labor Relations Board – now with a Democratic… Continue reading NLRB to review order blocking Nissan plant small union vote

Chinese autonomous driving startup raises $157 million from Hillhouse, Meituan

SHANGHAI (Reuters) – Haomo.AI, a Chinese autonomous driving startup controlled by Great Wall Motor’s Chairman Wei Jianjun, has raised nearly 1 billion yuan ($157 million) in a funding round as investors increase bets on smart car technologies. Haomo will use the funds raised from investors – such as Hillhouse Capital’s early-stage investment unit GL Ventures,… Continue reading Chinese autonomous driving startup raises $157 million from Hillhouse, Meituan

Chinese autonomous driving startup raises $157 mln from Hillhouse, Meituan

SHANGHAI, Dec 22 (Reuters) – Haomo.AI, a Chinese autonomous driving startup controlled by Great Wall Motor’s Chairman Wei Jianjun, has raised nearly 1 billion yuan ($157 million) in a funding round as investors increase bets on smart car technologies. Haomo will use the funds raised from investors – such as Hillhouse Capital’s early-stage investment unit… Continue reading Chinese autonomous driving startup raises $157 mln from Hillhouse, Meituan

15 of the coolest cars you can buy right now – carwow

When looking for a new car, you’ll most likely have a list of criteria you need it to meet. You may want the best fuel economy or something that will fit your two Great Danes in the boot, but what if you’re looking for something to get you noticed? Here are 15 of the coolest… Continue reading 15 of the coolest cars you can buy right now – carwow

Chinese self-driving startup Haomo.AI entres unicorn club after $157m Series A round …

Beijing-based autonomous driving startup Haomo.AI has raised nearly 1 billion yuan ($156.9 million) in a Series A round of financing to reach a unicorn status with a valuation of over $1 billion, the startup announced on Wednesday. Hillhouse Capital’s early-stage investment unit GL Ventures, food delivery giant Meituan, Qualcomm’s venture capital (VC) arm Qualcomm Ventures,… Continue reading Chinese self-driving startup Haomo.AI entres unicorn club after $157m Series A round …

Ghosn builds his case as the market punishes Nissan – Asia Times

Carlos Ghosn agreed to a third interview with Asia Times keyed to publication in the translation of his book Le Temps de la Verité, or Time for the Truth, which he co-authored with French journalist Philippe Riès. The Engish edition is entitled Broken Alliances: Inside the Rise and Fall of a Global Automotive Empire. Published by Tanooki Press, it… Continue reading Ghosn builds his case as the market punishes Nissan – Asia Times

EXCLUSIVE Geely, Renault to soon announce hybrid-focused auto JV for Asia – sources

Geely to possibly gain manufacturing foothold in S.Korea-sources Geely looking to use deal to export duty-free to U.S. -sources Deal will help Renault restart operations in China Deal will help create new hybrid-focused Renault brand BEIJING, Dec 21 (Reuters) – Geely Holding and France’s Renault are likely to soon announce a deal to jointly produce… Continue reading EXCLUSIVE Geely, Renault to soon announce hybrid-focused auto JV for Asia – sources

Mitsubishi Motors North America Appoints Daniel Ball Vice President, Aftersales

In this role, Ball will be responsible for overseeing parts and service operations for MMNA in the United States, including the Company’s parts distribution operations and warehouses. Specifically, he will be in charge of developing and implementing strategies and programs that enable Mitsubishi Motors and its dealer partners to provide a strong level of customer satisfaction… Continue reading Mitsubishi Motors North America Appoints Daniel Ball Vice President, Aftersales