Archive for the ‘Nissan’ Category

Nissan Recruits New Design Chief from Lincoln

Woodhouse helped to lead luxury brand's renaissance.

by on Jun.14, 2019

Dave Woodhouse played a key roll in Lincoln's renaissance and is now heading up Nissan North America's design team.

Nissan has hired away the top designer at the Lincoln brand from the Ford Motor Co. to serve as its new design chief in North America.

David Woodhouse, who has overseen Lincoln design during Ford’s recent efforts to revive the brand, will serve as vice president, Nissan Design America, Nissan announced.

Business News!

In this role, Woodhouse will lead all Nissan and Infiniti design activities in North America. He will also serve on the company’s Global Nissan Design Management Committee. (more…)

Ford Shuttering UK Engine Plant, Selling Russian Factories

Brexit driving automakers out of United Kingdom.

by on Jun.10, 2019

Ford is shutting down its Bridgend, South Wales, UK plant due to Brexit-related issues.

Ford Motor Co. is closing its engine factory in the United Kingdom as part of an overhaul of its unprofitable European operations while also selling off its factories in Russia.

The shutdown of the Bridgend, South Wales plant, which employs more than 1,500 workers and builds engines for several Ford models in Europe, including the Fiesta and B-Max, comes amid the turmoil spawned by Brexit.

Global News!

Automakers have said Brexit will make it more expensive and more difficult to import components from the European Union. (more…)

FCA Scuttles Deal With Renault, Blames French Government

Automaker rescinds offer "with immediate effect."

by on Jun.05, 2019

Fiat Chrysler rescinded its merger offer to Renault after the French government's demands became too much.

The deal is off.

Fiat Chrysler’s board of directors held a meeting this evening to put the final touches on a deal with Renault, including a press release announcing the two sides had reached an agreement for a merger that would create the third-largest automaker in the world.

News Now!

However, in a span of about three hours, the deal unraveled under demands from the French government, sources close to the deal told TheDetroitBureau.com.  (more…)

Renault Board Puts Brakes on Merger Talks with Fiat Chrysler

French government applying pressure for board to meet demands.

by on Jun.05, 2019

French Finance Minister Bruno Le Maire said the government wants certain assurances met before it will sign off on any Renault-FCA merger.

After initially appearing to be excited by the prospect of a merger with Fiat Chrysler, Renault is now slow-playing its hand as its board delays a decision about merger talks.

Renault’s board said Tuesday after meeting at its headquarters near Paris that it will meet again Wednesday to “continue to study with interest” Fiat Chrysler Automobiles’ merger offer, the Associated Press reported.

Global News!

The delay may come from concerns about the deal from the French government – Renault’s largest shareholder – as well as several unions. (more…)

Renault Expected to Give Thumbs Up to FCA Marriage Proposal

Nissan upbeat, but cautious, according to report.

by on Jun.04, 2019

Any merger between FCA and Renault must protect France's hourly workforce, such as its Maubeuge plant, French government officials said.

Renault’s board will meet on Tuesday afternoon to pore over the merger proposal offered late last month by Fiat Chrysler Automobiles and reports from Europe suggest the response will be a positive one.

Should the French automaker signal its approval it would surprise few, several observers told TheDetroitBureau.com, considering the two companies had discussed the idea of a full merger for more than a month before the plan became public.

Global News!

But there are some potential obstacles to be overcome, including the existing ties between Renault and its long-time alliance partner Nissan, as well as Mitsubishi which entered the alliance several years ago. But the two Japanese automakers also appear to be signaling cautious approval for the deal that would create the world’s third-largest automaker – and largest automotive group. (more…)

U.S. New Vehicle Sales Tick Upward in May

Toyota and Fiat Chrysler led monthly sales surge.

by on Jun.03, 2019

Reid Bigland, FCA head of U.S. Sales, reported that the company's Ram division set a new sales record in May.

With Fiat Chrysler and Toyota leading the way, automakers surprised on the upside in May, posting modest sales increases for the month.

FCA, where overall sales increased 2%, reported setting three records in May, led by the Ram brand which notched its 12th consecutive monthly sales record as demand for both light-duty and heavy-duty pickup trucks remained strong.

News You Can Trust!

It was also the best May ever for the Jeep Grand Cherokee and the highest level of May sales for the Dodge Charger in six years. Overall, total sales rose to 218,702 vehicles. Fleet represented 31% of total sales during the month. On a year-to-date basis, fleet accounted for 22% FCA of sales, the automaker reported. (more…)

Auto Stocks Taking a Beating as Industry Prepares for Mexican Tariffs

Domestic, import automakers alike hammered by Trump plan.

by on Jun.03, 2019

GM imports more vehicles from Mexico than any other automakers, including the Chevy Silverado.

It’s a bear market, at least when it comes to automotive stocks, with Pres. Donald Trump’s planned tariffs on Mexican imports set to go into effect a week from today.

Last Friday, the president tweeted that he was prepared to enact a new 5% tariff on Mexican goods in an effort to pressure that country to stem illegal immigration across the southern border. Barring any resolution, Trump said that would continue to climb to 25% by October 1.

Beyond the Headlines!

Nearly a dozen manufacturers would quickly be forced to either raise prices on vehicles imported from Mexico and risk weakening sales, or absorb the tariffs and take a hit to their bottom lines. But even vehicles produced in the U.S. would face tariffs on imported parts and components, such as engines, wiring harnesses and body and interior trim, according to industry analysts.

(more…)

Renault Reveals Fiat Chrysler Offer to Nissan

Japanese automaker to look over proposal.

by on May.29, 2019

Renault Chairman Jean Dominique Senard revealed the details of the merger offer from Fiat Chrysler to Nissan officials during a board meeting in Tokyo.

The move to merge Fiat Chrysler and Renault, creating the world’s third-largest automaker just got a little more complicated today: Renault revealed the offer to its current partner, Nissan Motors.

Nissan got its first briefing on the potential blockbuster deal when Renault chairman Jean-Dominique Senard was in Tokyo for a board meeting of the three-way alliance among Renault, Nissan and smaller Japanese automaker Mitsubishi Motors Corp.

Business News!

“There was an open and transparent discussion on FCA’s recent proposal to Groupe Renault. The meeting also discussed and positively concluded several current operational alliance matters,” the Renault-Nissan-Mitsubishi alliance said in a statement. (more…)

What Next for Fiat Chrysler and Renault?

Deal faces numerous obstacles; could take 18 months to complete.

by on May.28, 2019

Jeeps, like this new Gladiator pickup, are one of the potential prizes in the proposed merger.

The French government is weighing in on the proposed Fiat Chrysler-Renault merger plan and underscores the potential challenges the automotive merger faces before it can be completed.

Following four months of talks, FCA on Monday proposed a merger-of-equals with the larger of France’s two automakers, a plan expected to take up to 18 months to complete. Before that can happen, however, an assortment of obstacles will need to be overcome, among other things winning the blessings of the French government that holds a 15% stake in Renault.

Breaking News!

French Finance Minister Bruno le Maire told RTL radio on Tuesday that he will demand “four guarantees” from Renault before approving any merger, starting with “the preservation of industrial jobs and sites in France.”

(more…)

FCA Lays Out Plan for “Transformative Merger” with Groupe Renault

Move would create 3rd-largest global automaker; 1st if factoring in Alliance partners Nissan, Mitsubishi.

by on May.27, 2019

Fiat Chrysler Chief Executive Officer Mike Manley originally approached Renault over much more limited plans, such as platform sharing.

After extensive, secret negotiations, Fiat Chrysler Automobiles has laid out a plan to merge with the largest of France’s two automakers, Groupe Renault, a move that would create the world’s third-largest motor vehicle manufacturer, with annual sales of 8.7 million vehicles – and a clear number one if factoring in the volumes of Renault’s current Alliance partners, Nissan and Mitsubishi.

Both FCA and Renault have openly sought new partnerships over the past decade to both expand their geographic bases and fill in gaps in their product and technology portfolios. If, as expected, the proposed deal is completed, the new organization will have a more well-rounded global presence, with FCA bringing to the table its Jeep SUV and Ram pickup brands. Renault, among other things, provides a growing range of electric vehicles and an aggressive autonomous vehicle develop program.

Breaking News!

Over the past decade, FCA has repeatedly said it was looking for a partner, with names like General Motors and Volkswagen on its list. But while those were seen as unsolicited proposals, talks between the Italian-American automaker and Renault have been underway since early this year. And though the French automaker early Monday said that its “Board of Directors will meet this morning to discuss this proposal,” it is expected that this is largely a formality.

(more…)


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