Google says it has turned a corner in its pursuit of a car that can drive itself.» Read More
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.
Carlos Ghosn, CEO of Nissan Motor welcomes Ben Bernanke's decision and explains Nissan's push into Myanmar.
PARIS, Oct 12- French carmaker Renault, which brought scandal upon itself by falsely accusing executives of spying, had prepared draft statements in case they killed themselves, it emerged on Friday.
Marchionne, who also heads European automakers association ACEA, has repeatedly called for Europe- wide action on closing plants and cutting jobs, but has faced stiff opposition from rival carmakers that are also members of the industry group.
PARIS, Oct 5- French automaker Renault plans to build more than 70 percent of its Clio subcompacts in Turkey, union sources said, in a shift abroad that could inflame tensions with workers and the government, its biggest shareholder.
At last week's Shanghai Auto Show, the GM CEO got an up-close view of the latest trend in the auto business -- cheap cars for developing markets. Oh make no mistake; this is not a trend that Wagoner is just stumbling upon. He's known about it for some time, and in some ways, General Motors is testing out the idea of selling "mini" cars -- with presumably a rather low price point. We'll talk more about that in a bit.