Carlos Ghosn, CEO of Renault Nissan, says the company will throw a lot of investment at self-driving cars as the automobile technology race heats up.» Read More
*Peugeot targets 2 pct automotive margin for 2018. PARIS, April 14- PSA Peugeot Citroen will nearly halve its product line and focus investment on new technology in an attempt to return to profit, the struggling carmaker's new boss Carlos Tavares said on Monday.
*Peugeot targets 2 pct automotive margin for 2018. PARIS, April 14- PSA Peugeot Citroen's new boss Carlos Tavares vowed to halt losses and restore profitability at its core manufacturing division in 2018, as he set out a long-awaited recovery plan for the struggling French carmaker.
MOSCOW, April 8- Russian car sales were flat in March from a year earlier, a lobby group for the industry said on Tuesday, showing some sign of stabilisation after two months of falls. Car sales have been falling as Russia's economy falters and people delay making large purchases, and they are expected to remain weak this year.
BERLIN, April 2- Volkswagen has joined a rush by Western carmakers to tap fast-growing Southeast Asian markets to take on Japanese rivals in a region where a burgeoning middle class has money to spend.
PARIS/ TOKYO, March 17- Renault and Japanese alliance partner Nissan unveiled their boldest steps yet to combine key operations and pursue economies of scale to rival auto giants like Volkswagen.
PARIS/ TOKYO, March 17- Renault and alliance partner Nissan unveiled plans on Monday to integrate key operations and pursue economies of scale to keep up with big rivals like Volkswagen.
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.