One is a maverick. The other, a master of the turnaround. But what they share is the belief you can do things better in the auto business.» Read More
PARIS, March 14- Nissan and Daimler have agreed on plans for a 50-50 Mexican joint venture designed to produce future vehicle models for their Infiniti and Mercedes-Benz brands, a person with knowledge of the matter said on Friday.
GENEVA, March 4- Daimler's Mercedes and Nissan's Infiniti plan to pool development of compact cars to cut costs, expand the German carmaker's North American production and broaden the Infiniti lineup, people familiar with the matter said.
PARIS, March 3- Whatever the secret of French carmaker Renault's crisis-defying performance, Carlos Tavares has taken it with him to domestic competitor PSA Peugeot Citroen. An appearance at the Geneva auto show on Tuesday marks Tavares's graduation from former Renault second-in-command and Carlos Ghosn protégé to Peugeot CEO- and Ghosn rival.
TOKYO, Feb 22- Honda Motor Co is considering diversifying its all-Japanese, all-male board by appointing a foreigner and could move as early as Monday, when it unveils its next slate of directors, sources close to the company said.
PARIS, Feb 19- PSA Peugeot Citroen's new boss promised a back-to-basics turnaround as the troubled carmaker unveiled a French-backed rescue deal with China's Dongfeng on Wednesday, along with another multibillion-euro loss.
*Renault targets 5 pct margin, 50 bln euros sales in 2017. PARIS, Feb 13- French carmaker Renault said on Thursday it would lift revenue by a quarter and its operating profit margin to 5 percent in 2017, extending its turnaround plan by a year after a missed sales goal.
YOKOHAMA, Japan, Feb 10- Japan's Nissan Motor Co beat analyst estimates by reporting its steepest quarterly net profit gain in nearly two years as a weaker yen made its export business more profitable and as sales improved in China, its biggest market.
YOKOHAMA, Japan, Feb 10- Japan's Nissan Motor Co beat analyst estimates by reporting its steepest quarterly profit gain in three years as a weaker yen made its export business more profitable and as sales improved in China, its biggest market.
Veterans of the annual World Economic Forum in Davos seized on the wobble as a warning that expectations for a smooth upswing were misplaced, and that recovery would likely be volatile and uneven. "I hear way too much optimism now," Larry Fink, CEO of investment group BlackRock, told the forum.
DAVOS/ LONDON, Jan 24- Top emerging market policymakers moved to allay concerns about their economies on Friday after investors sold off their currencies, raising fears of a broad market rout. "The balance sheet of the government, the banks and households are quite well protected against market volatility," he told a panel at the World Economic Forum in Davos.
TOKYO, Jan 24- Nissan Motor Co and Renault SA will combine their manufacturing and research functions in a move that will save the alliance more than 400 billion yen a year, the Nikkei business daily reported on Friday. Under the planned structure, Nissan and Renault will be able to assemble cars, using shared parts, at the same factories, the Nikkei said.
DETROIT, Jan 14- In an escalation of the auto industry's war of words over future green technologies, a senior Toyota Motor Corp executive singled out Elon Musk and other rival executives on Tuesday and made a bold prediction for its hydrogen car.
*Nissan exec sees U.S. market growing by 1 pct at most in 2014. *To need more capacity in Mexico if Nissan hits sales goals.
PARIS, Jan 10- Renault-Nissan chief Carlos Ghosn wants to be succeeded by separate chief executives for the allied carmakers when he eventually steps down as head of both, he told Automotive News in an interview published on Friday.
PARIS, Jan 2- Fiat's deal to take full control of Chrysler on better-than-expected terms has cemented CEO Sergio Marchionne's dealmaking reputation, but he might run out of road to channel that drive into operational success for the business.
PARIS, Dec 16- Renault plans to harness its Formula One renown and alliance with Nissan to build a 3 percent market share as a latecomer to China, after signing a joint venture deal with Dongfeng Motor Group on Monday. Renault owns 43.4 percent of Nissan Motor Co.
PARIS/ HONG KONG, Dec 5- Renault has won approval from Beijing authorities to begin Chinese production in a $1.3 billion joint venture with Dongfeng Motor Group, the carmakers said on Thursday. The 50-50 partnership "will allow Renault to deploy its ambitious strategy in the world's largest automotive market", the French company said in a statement.
PARIS, Dec 4- The rush to Paris's Charles-de-Gaulle airport for flights to China began on Friday, Oct. 11. "There's a big exodus to China right now," a bemused trade unionist at the Paris- based company told Reuters that weekend. It has survived two world wars and become an emblem of France.
*Renault sees Russian market growing next year. BOULOGNE-BILLANCOURT, France, Nov 28- R enault- Nissan will build a second engine with Russian partner AvtoVAZ and aims to overcome a decline in Lada sales in a market set to overtake Germany within two years, Renault's regional boss said on Thursday.
PARIS/ BEIJING, Nov 23- PSA Peugeot Citroen is interviewing candidates to replace Chief Executive Philippe Varin, after Chinese partner Dongfeng said a deeper alliance under negotiation should be accompanied by management change, sources with knowledge of the matter said.