Renault and Daimler have been in talks of entering into an equity tie-up a spart of a long-term partnership, and now Nissan may join the table. “We are talking with many companies, many partners but I don’t want to make any comment on something that is absolutely not decided or something which has absolutely not [...]
Carlos Ghosn, Renault/Nissan CEO said that he is still looking for another strategic partner to cut costs on global technology and vehicle costs. Speaking at the 2010 Geneva Motor Show, Ghosn said that he still wants to expand the Renault/Nissan alliance and pursue partnerships. General Motors turned down a deal more than three years ago [...]
After failing to strike a deal with BMW and Mini along with Peugeot and Citroen, Daimler CEO Dieter Zetsche has finally struck a deal with Renault/Nissan to produce the next-generation of Smart minicars by 2014. According to Automobile, both plan on producing different derivatives under the Renault/Nissan and Smart brands. The Smart will retain its [...]
According to a report by German daily Handelsbatt, Daimler AG is talking to Renault SA and other potential partners to forge a partnership for compact cars by mid-2010. “But it could certainly also go faster than that,” Dieter Zetsche told the publication. Daimler has been previously reported to be in talks with Renault on a [...]
Renault/Nissan CEO, Carlos Ghosn, said that General Motors Company would have been better off if it had formed an alliance with his companies in 2006. GM and Renault/Nissan called the talks off in October 2006. “Without any doubt,” he said during a forum sponsored by the Council on Foreign Relations. “We knew fundamentally that this [...]
Coming as a shocker to most of us, Penske Automotive Group announced yesterday that it has “terminated its discussions with GM to buy Saturn, citing concerns directly related to the future supply of vehicles beyond the supply period it had negotiated with GM.” Originally, Pesnke’s plans were to sell GM made models for the next three [...]
Top Gear has finally gotten around to testing the 2009 Ford Focus RS; however, instead of just concentrating on the Focus RS, Richard Hammond joins Jeremy Clarkson in a head-to-head battle with Renault Megan R26.R powered by a 2.0 turbo making 227-hp. So how does it compare to the 300-hp 2.5L 5-cylinder Duratec with a large [...]
Earlier this month, Roger Penske of Penske Group hired former Chrysler co-president Tom LaSorda to consult him on a bid to buy Saturn and its dealer network from General Motors. According to Automotive News, Penske now plans on using the Saturn network to sell vehicles made by Renault Samsung Motors, which is owned 80.1 percent [...]
The Chrysler bankruptcy is like a test drive for General Motors. The struggling U.S. automaker is surviving on $15.4 billion in government loans and is under pressure from the government to restructure its debt and make concessions with the union by June 1 or face bankruptcy. GM talking to Renault for potential sale, Geely bids for [...]
Nissan Motor Co and its French alliance Renault said last week that they will be supplying electric-cars to one of the most polluted countries in the world – China. The Renault-Nissan alliance said that they will work with the Chinese government to supply a comprehensive plan for marketing and for a battery-charging network. The alliance [...]
