Archive for the ‘Renault’ Category

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.

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

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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.

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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…)