Archive for the ‘Renault’ Category

Renault-Nissan-Mitsubishi Alliance Teaming Up With Google

Tech giant will develop next-gen infotainment system.

by on Sep.18, 2018

The Renault-Nissan-Mitsubishi Alliance inked a deal with Google to put its intelligent infotainment system in its vehicles.

The Renault-Nissan-Mitsubishi Alliance has a new partner, tech giant Google signing on the develop the automotive group’s next-generation infotainment system.

It’s a significant move by Google, though not its first time developing technology for automobiles. Like rival Apple’s CarPlay, its Android Auto system is now being offered by an array of automakers and allows a motorist to access a wide range of smartphone apps on a car’s touchscreen system.

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“Under the technology partnership, vehicles sold by the Alliance members in many markets will utilize Android, the world’s most popular operating system, and will provide turn-by-turn navigation with Google Maps,” the Alliance said in a statement. (more…)

Ghosn Dismisses Speculation of a Renault Takeover of Alliance

Complex ownership structure, that includes French government, makes it difficult.

by on Jun.26, 2018

Renault-Nissan-Mitsubishi Alliance chief Carlos Ghosn recently reiterated there is "zero chance" of Renault taking over Nissan and Mitsubishi.

The question of what company in the three-legged stool that is Renault Nissan Mitsubishi might acquire the other two has been broached a few times since Mitsubishi was added. The issue is apparently important enough for Carlos Ghosn, who heads up the three companies, to address recently.

“Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault has zero chance of getting a result,” Ghosn told shareholders of Mitsubishi Motors at a meeting las week.

Stay in the Loop!

Ghosn is CEO of Renault as well and chairman of Nissan. He recently turned over the role of CEO there to Hiroto Saikawa. The simple reason for encouraging the automakers to work together but remain autonomous is simple: You don’t fix what isn’t broken. (more…)

Update: Ghosn Successor Plan Wins Thumbs Up from French Government – But Support Comes with Stiff Price

France demanding Renault formally merge with Japanese ally Nissan.

by on Feb.12, 2018

Renault-Nissan-Mitsubishi Alliance chief Carlos Ghosn will get the man he wants to succeed him when he retires: COO Thierry Bollore.

Carlos Ghosn’s plan to name his successor later this week has cleared a critical hurdle despite creating some turmoil – including the resignation of one of French automaker Renault’s senior board members.

The French government, which owns a major stake in Renault, now says it will accept Ghosn’s plan to appoint Thierry Bollore as the carmaker’s chief operating officer and his heir-apparent. But the government also said that it wants an agreement that Ghosn will push to form an “integrated” company – translation: a merger – with Japan’s Nissan, rather than the current alliance structure. Ghosn has long preferred to see the two companies coordinate efforts but remain independent.

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Ghosn, who will turn 64 next month, is expected to be given another four-year contract as chairman, CEO and president of Renault in June, but naming Bollore his successor “is perfectly acceptable to the French shareholder,” according to a source in the government’s finance ministry who spoke to the Reuters news service on Monday. (more…)

Turmoil at Renault as Ghosn Preps to Name Successor

Senior board member ousted.

by on Feb.12, 2018

Thierry Bollore, currently chief operating officer of Renault, is CEO Carlos Ghosn's choice to succeed him when he retires.

Carlos Ghosn’s plan to name a successor is touching off turmoil within the board of directors at French automaker Renault, according to reports out of Europe.

Senior board member Thierry Desmarest has resigned, according to the Reuters news service, following the recent resignation of Stefan Mueller, Renault’s chief performance officer. Their departures appears to clear the way for Ghosn to name Thierry Bollore as his chief operating officer and heir apparent.

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One of the highest-profile executives in the automotive world, Ghosn has taken on a variety of senior positions since he was first assigned to rescue the Japanese side of what became the Renault-Nissan Alliance two decades ago. That includes serving as CEO of both Renault and the Alliance, as well as chief executive of Mitsubishi, which recently became third member of the group. (more…)

Renault-Nissan-Mitsubishi Take Global Sales Lead

VW slips to second, Toyota to third.

by on Jan.30, 2018

Carlos Ghosn, shown at the debut of the latest Maxima, has turned the Renault-Nissan-Mitsubishi Alliance into a global juggernaut.

The global auto industry has a new king-of-the-hill, the Renault-Nissan Alliance, which got a helping hand with the inclusion of the long-troubled Japanese automaker Mitsubishi.

Combined together, the three members of the Franco-Japanese alliance sold 10.61 million vehicles during 2017, narrowly topping Germany’s Volkswagen AG. Toyota, which had led the sales charts for much of the past decade before itself being toppled by VW last year, slipped into third.

Global Auto News!

“This evolution reflects the breadth and depth of our model range, our global market presence and the customer appeal of our vehicle technologies,” said Carlos Ghosn, the chairman and CEO of the Renault-Nissan-Mitsubishi Alliance and CEO of both Renault and Mitsubishi.

(more…)

Renault-Nissan-Mitsubishi Alliance Creates $1 Bil Venture Fund

“We can’t everything ourselves,” says Ghosn.

by on Jan.10, 2018

The new fund is expected to invest about $200 million annually in new technology and services.

The Renault-Nissan- Mitsubishi Alliance will invest around $1 billion over the next five years to help it fund start-ups and other small tech companies that can help it bring to market electrified, connected and autonomous vehicle technologies, Alliance CEO Carlos Ghosn announced Tuesday.

The corporate venture capital, or CVC, fund is intended not only to give the Franco-Japanese alliance access to potentially breakthrough technology but to help it make decisions more quickly than is normally the case for a big corporation, Ghosn said during a news conference at the Consumer Electronics Show in Las Vegas.

Tech News!

“We can do everything ourselves,” explained the Brazilian-born executive. “We have to get access to people who think about things in different ways.”

(more…)

VW Topples Toyota, Likely Led Global Sales Chart for 2017

But Volkswagen’s top U.S. sales exec resigns over weak N.A. performance.

by on Jan.08, 2018

Volkswagen captured the top global sales slot by replacing its lost diesel sales with new SUVs.

Volkswagen appears to have narrowly retained its sales crown for 2017, fending off assaults by both Toyota and the Renault-Nissan Alliance, based on preliminary sales numbers.

The German automaker sold 10.7 million vehicles worldwide, according to in-house estimates, ahead of Toyota’s 10.35 million. If the VW numbers hold up when a final tally is reported it would mark the second year in a row that it nudged past its Japanese rival. But the Renault-Nissan Alliance also closed the gap last year and could be poised to challenge both VW and Toyota in 2018.

Global Auto News!

Despite VW’s strong global performance, a senior U.S. sales executive has tendered his resignation due to weak demand in that critical market last month. (more…)

Toyota Poised to Slip to Third in Global Sales for 2017

Volkswagen and Nissan Renault Alliance expected to be first and second.

by on Jan.02, 2018

Toyota is expected to fall to third place in global sales for 2017 behind Volkswagen and Nissan-Renault.

Toyota Motor Corp is headed for a fall of sorts.

The Japanese auto giant is expected to slip to third in worldwide sales of new vehicles, according to an analysis by Japan Times. General Motors, long the world’s largest automaker, is expected to slip into fourth place when all the sales numbers are available later this month.

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Toyota surrendered its position as the as the world’s largest automaker in 2016 as Volkswagen AG, thanks to the German automaker’s strong sales in China and economic recovery in Europe, moved into first place. (more…)

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