Munich. The long-term expansion of the BMW Brilliance Automotive Ltd. (BBA) Joint Venture has achieved a significant milestone: On Friday, a Special General Meeting of Brilliance China Automotive Holdings Ltd. (CBA) in Hongkong approved the sale of a 25 percent shareholding in BBA to the BMW Group. Around 63 percent of the represented shareholders voted in… Continue reading Milestone in the expansion of BMW Brilliance Automotive: CBA General Meeting approves stake sale
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Gripped by Ghosn crisis, Renault expects slight sales growth
PARIS (Reuters) – Renault (RENA.PA) expects to deliver sales growth in 2019, despite the imminent ouster of Chairman and Chief Executive Carlos Ghosn and tension with alliance partner Nissan (7201.T). The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler… Continue reading Gripped by Ghosn crisis, Renault expects slight sales growth
Nissan and Mitsubishi accuse Ghosn of charging 7.8 million irregularly
Posted 1/18/2019 10:03:42 PM Mitsubishi and Nissan study joint legal actions against Ghosn TOKYO, Jan. 18 (EUROPA PRESS) – The Japanese automakers Nissan and Mitsubishi have presented the results of an internal investigation in relation to the former president of the two firms, Carlos Ghosn, in which they have concluded that the manager charged irregularly… Continue reading Nissan and Mitsubishi accuse Ghosn of charging 7.8 million irregularly
Renault: record sales in 2018
Everything is not black for Renault. In the turmoil since the arrest, in Japan, of his boss Carlos Ghosn , the French manufacturer has not achieved a bad year in commercial terms. On the contrary: in 2018, the diamond group sold 3.88 million vehicles, an increase of 3.2% over last year. This is the sixth… Continue reading Renault: record sales in 2018
Renault targets 2019 sales growth after a 3.2 percent gain in 2018
The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler PARIS (Reuters) – French carmaker Renault (RENA.PA) posted a 3.2 percent increase in 2018 vehicle sales, boosted by a new Chinese joint venture, and pledged further “slight growth” this year… Continue reading Renault targets 2019 sales growth after a 3.2 percent gain in 2018
Why Ford and VW Are Partnering Up, but Won’t Be Merging Anytime Soon – Barron’s
Jeff Kowalsky/AFP/Getty Images Ford Motor (F) and Volkswagen (VOW.Germany) provided more details about their global partnership agreement Tuesday morning—an agreement that is all about the car business of the future. The two automotive giants will collaborate on electric cars, autonomous vehicles and shared mobility services. The partnership is all about costs too, because developing this… Continue reading Why Ford and VW Are Partnering Up, but Won’t Be Merging Anytime Soon – Barron’s
CNBC Interview with Volkswagen CEO, Herbert Diess – CNBC
Below is the transcript of an exclusive interview with CNBC’s Nancy Hungerford and Volkswagen CEO, Herbert Diess, from Auto China 2018 in Beijing. NH: Thank you for speaking to CNBC today. So many things have changed since we last spoke but let’s talk about changes in the home country for Auto China. China recently announced… Continue reading CNBC Interview with Volkswagen CEO, Herbert Diess – CNBC
Regarding joint investigation into Nissan-Mitsubishi B.V.
YOKOHAMA, Japan – Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation announced today results from their ongoing joint investigation into misconduct carried out by Carlos Ghosn, former chairman of the two companies. The results confirm that Ghosn received improper payments from Nissan-Mitsubishi B.V. (NMBV), a joint venture company established by Nissan and Mitsubishi Motors. NMBV… Continue reading Regarding joint investigation into Nissan-Mitsubishi B.V.
Ghosn received $9 million improperly from Mitsubishi-Nissan JV: companies
FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – Arrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 million) in compensation from… Continue reading Ghosn received $9 million improperly from Mitsubishi-Nissan JV: companies
Ford Is Planning an All-Electric F-150 Pickup Truck
Electric F-150 U.S.-based automaker startup Rivian made headlines when it revealed its electric pickup truck back in November. But it’s about to face some storied competition from iconic Ford trucks including the classic F-150. Ford revealed today it that will release all-electric and hybrid versions of its best-selling F-series and Super Duty pickup truck lineup. Ford president… Continue reading Ford Is Planning an All-Electric F-150 Pickup Truck