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, 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.
LOS ANGELES, Nov 20- Honda Motor Co Ltd has high hopes for its hydrogen fuel cell vehicle and its advanced technology to reduce tailpipe emissions, although the Japanese carmaker concedes consumers may take a few years to warm to the concept. Honda unveiled the 5- passenger vehicle at the Los Angeles Auto Show on Wednesday.
TOKYO, Nov 20- Carlos Ghosn, the CEO of Renault SA and Nissan Motor Co, said he was unfazed by delays in his electric vehicle sales targets, predicting rivals would face even greater obstacles in their plans to launch fuel cell car sales over the next few years.
AGUASCALIENTES, Mexico, Nov 12- Japan's Nissan Motor Co Ltd will be producing 1 million cars in Mexico by 2016, cementing Mexico's position as export hub for Nissan in the Americas, Chief Executive Carlos Ghosn told Reuters on Tuesday as he inaugurated a $2 billion plant.
YOKOHAMA, Japan, Nov 11- Nissan Motor Co Ltd will start selling Infiniti badged cars in Japan for the first time, the company said, as it tries to position the second-tier luxury brand as a global competitor to prestige European cars.
MOSCOW, Nov 5- Russia's largest carmaker Avtovaz has appointed former General Motors Co. executive Bo Andersson as its first foreign boss. Andersson replaces Avtovaz chief executive Igor Komarov, who has run the company since 2009. Komarov is leaving to join Russia's space agency.
*Shakeup comes as rapidly expanding Nissan sees quality issues. *Nissan slashes FY 13/ 14 net profit outlook by some 20 pct.
TOKYO, Nov 1- Nissan Motor Co said Chief Operating Officer Toshiyuki Shiga would step aside from the No.2 post to a job handling external affairs in a management makeover as the company grapples with quality issues amid an ambitious drive to boost market share.
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.