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Business Carlos Ghosn

  • *China electric car makers have large-scale advantage- BYD. BEIJING, Jan 11- More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan. China has spent billions of dollars on subsidies to help companies...

  • On Thursday he took on Toyota, warning the world's largest automaker that it would face a "big border tax" if it exported Mexico- built cars to the U.S. market. Nissan built its first overseas plant in Mexico in 50 years ago and now produces more than 800,000 cars there, mainly its entry-level Versa and Sentra sedans. Nissan's production dwarfs that of Toyota, Honda...

  • *Move cuts efficiency of shared Mexico plant- sources. PARIS, Jan 5- Nissan is halting joint development of luxury cars with Daimler's Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and potentially hitting profitability at a new shared factory in Mexico. The move could reduce efficiency at a...

  • Ghosn: All automakers are listening

    Carlos Ghosn, Renault-Nissan chairman & CEO, speaks with CNBC's Phil LeBeau about the automaker's strategy under President-elect Trump's potential trade rules.

  • Nissan's Ghosn on autonomous cars

    Carlos Ghosn, Renault-Nissan chairman & CEO, speaks with CNBC's Phil LeBeau about the automaker's plans for self-driving cars.

  • *Expects Trump to continue to promote strong ties with Mexico. Ghosn, who is also CEO of alliance partner Renault, said he was confident U.S. trade policy under President-elect Donald Trump would continue to promote strong ties with Mexico, where Nissan produces cars for export to the United States. There have been worries about the risk of rising costs for Nissan...

  • PARIS, Dec 6- The Renault-Nissan alliance is replacing its top executive in charge of combining the carmakers' engines and gearboxes, sources told Reuters, as tightening emissions regulations expose the slow pace of integration so far. Alain Raposo, global head of powertrain engineering, will be moved to an advisory role, and a successor announced this week, four...

  • PARIS, Dec 6- The Renault-Nissan alliance is replacing its top executive in charge of combining the carmakers' engines and gearboxes, sources told Reuters, as tightening emissions regulations expose the slow pace of integration so far. Alain Raposo, global head of powertrain engineering, will be moved to an advisory role, and a successor announced this week, four...

  • *Ghosn expects France to oppose pay package in 2017. NEW YORK/ PARIS, Nov 18- Renault Chief Executive Carlos Ghosn expects the French government to oppose his pay package in 2017, he told Reuters in an interview, setting the stage for another shareholder meeting clash- this time in an election year. Ghosn nonetheless hopes to avoid a repeat of the last annual meeting...

  • NEW YORK, Nov 17- Nissan Motor Co Chief Executive Officer Carlos Ghosn sees "a good opportunity for upside" in the U.S. vehicle market in light of President-elect Donald Trump's proposals to stimulate the economy, he told Reuters on Thursday. Nissan, like rival automakers, is at risk if Trump makes good on promises to renegotiate the North American Free Trade...

  • LISBON, Nov 8- The most exciting part of the technology in driverless cars will be the one spent in the extra two hours drivers will gain per day when they no longer have to sit behind the wheel, the chief executive of Renault-Nissan said on Tuesday. Speaking to Reuters at the Web Summit being held this week in Lisbon, Carlos Ghosn said the extra two hours- the average...

  • PARIS, Nov 3- Renault-Nissan's new gasoline-electric hybrid technology would be competitive in Europe, Chief Executive Carlos Ghosn said on Thursday, as carmakers turn away from diesel for smaller vehicles. The "e-Power" transmission, announced a day earlier by Renault's alliance partner Nissan for the Note subcompact car in Japan, amounts to an electric...

  • LONDON, Oct 31- Britain's pharmaceutical and aerospace industries, both big exporters, are stepping up pressure on the government for assurances about their future after last week's post-Brexit deal with carmaker Nissan. Pharma and aerospace companies share the motor industry's worries about trade barriers once Britain leaves the European Union, but they...

  • LONDON, Oct 30- Britain told Nissan it would aim for tariff-free trade with Europe for the motor industry after Brexit, persuading the Japanese company to invest in the country's biggest car plant, a cabinet minister said on Sunday. Last month Nissan's CEO Carlos Ghosn said he would need a guarantee of compensation to offset any tariffs imposed when Britain...

  • LONDON, Oct 28- Prime Minister Theresa May's deal to keep Nissan investing in Britain opened the floodgates on Friday to demands from rival car companies chasing their own assurances from the government that they won't be hurt by Brexit. Britain's biggest car maker Jaguar Land Rover and its biggest engine maker Ford welcomed the news that the Japanese group...

  • *Nissan UK sells all cars to Switzerland, not EU. LONDON, Oct 27- The support that the UK government has promised carmaker Nissan in return for building new models in Britain could prove expensive, but the Japanese carmaker's complex structure makes it hard to estimate. Nissan announced on Thursday it would build the new Qashqai and the X-Trail SUV in Sunderland,...

  • LONDON/ PARIS, Oct 27- Japanese carmaker Nissan will build two new models in Britain despite the vote to quit the EU, giving Prime Minister Theresa May her most important corporate endorsement since the Brexit referendum in June. The decision to build the next generation of its popular Qashqai and X-Trail SUVs at Britain's largest car plant, rather than...

  • *Qashqai and X-Trail models to be built at Sunderland plant. LONDON/ PARIS, Oct 27- Japanese carmaker Nissan will build its new Qashqai and X-Trail models in Britain despite the vote to quit the EU, giving Prime Minister Theresa May her most important corporate endorsement since the Brexit referendum in June. Nissan employs more than 7,000 people at Sunderland,...

  • LONDON, Oct 27- Prime Minister Theresa May said on Thursday she will work with Nissan to maintain Britain's competitiveness after the Japanese carmaker said it will build two new models at its north of England plant despite concerns over Brexit. "As we look forward and as we develop our industrial strategy, we will want to be working with companies like Nissan,...

  • LONDON/ PARIS, Oct 27- Japanese carmaker Nissan will build its new Qashqai model in Britain despite the vote to quit the EU, giving Prime Minister Theresa May her most important corporate endorsement since the Brexit referendum in June. Britain's big carmakers are nearly all foreign-owned and ship more than half of their exports to the other 27 countries in the...