Posts Tagged ‘Renault-Nissan Alliance’

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.

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“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.

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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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First Drive: 2018 Mitsubishi Eclipse Cross

Struggling automaker pins comeback hopes on new compact crossover.

by on Dec.20, 2017

The new Mitsubishi Eclipse Cross sees the company seizing on the rising trend favoring compact crossovers.

The death of small cars has been greatly exaggerated, particularly since they have been morphing into small crossovers that are becoming more and more popular.

Mitsubishi is seizing on this trend with the introduction of the 2018 Mitsubishi Eclipse Cross; a small crossover vehicle with a flat floor so it’s technically a truck but it combines a stylish contemporary exterior with the quickness and maneuverability of a compact car.

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The name basically tells the story. The Eclipse was a sporty compact that as popular with buyers years ago while the Cross indicates the vehicle has been completely revised as a crossover for buyers, many of them way too young to remember Mitsubishi’s glory days, who are looking for an affordable vehicle today. (more…)

Renault-Nissan’s Ghosn Raises Caution Flag for U.S. Auto Market

Exec expects NAFTA to survive, despite threats from Trump.

by on Sep.28, 2017

Carlos Ghosn relinquished his title as Nissan CEO this year to focus more on Mitsubishi.

After months of decline, September could bring some good news for U.S. automakers, with a modest upturn in new vehicle sales. But don’t expect that upturn to last long, warns Carlos Ghosn, CEO of the Renault-Nissan Alliance.

The Brazilian-born executive said that sales in the U.S. market are likely to remain “stable,” meaning no growth. On the other hand, he told CNBC he doesn’t expect the serious downturn that some observers have begun to worry about after months of weak sales.

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Asked if there’s an opportunity for the American market to grow, following three record years of sales, Ghosn said, “I’m not planning on that,” adding that, “For the next six years we’re seeing a stable U.S. market (but) we don’t see growth in the U.S.”

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Renault-Nissan Join Growing List of Automakers Setting Up Chinese EV Operations

Euro-Japanese Alliance partnering with China’s Dongfeng.

by on Aug.29, 2017

The next-generation Nissan Leaf was recently spotted, sans camouflage, in Spain.

With the Chinese government pressing the auto industry to shift to electrified vehicles, a growing number of automakers are launching new ventures specifically to produce battery-electric models. To that list you can now add the Renault-Nissan Alliance and its Chinese partner, Dongfeng Motor Corp.

They plan to create a new joint venture, eGT New Energy Automotive Co., Ltd., that will develop an entirely new battery-electric vehicle which, according to a statement by the partners, will feature “intelligent interconnectivity.” Production is set to begin at the Dongfeng plant in Shiyan in 2019.

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“The establishment of the new joint venture with Dongfeng confirms our common commitment to develop competitive electric vehicles for the Chinese market,” said Carlos Ghosn, chairman and chief executive officer of the Renault-Nissan Alliance.

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Renault-Nissan Alliance Leapfrogs Toyota, VW, to Become World’s #1 Automaker

Hits mid-year with big lead, lots of momentum.

by on Jul.28, 2017

Badass warrior? Nissan and Alliance partner Renault have leveraged a lead in global sales.

The auto industry has a new king-of-the-hill – at least for the first half of the year. A dark horse not all that long ago, the Renault-Nissan Alliance handily outsold both Volkswagen and Toyota and continues to gain momentum going into 2017’s second act.

It had been largely a two-horse race until recently, Volkswagen last year pulling off an upset due to a series of problems hammering Toyota. But Nissan has rapidly gained speed and last year’s effective takeover of troubled Mitsubishi Motors Corp. helped put it over the top.

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For the first half, the Euro-Asian Renault-Nissan Alliance sold 5,268,079 vehicles, compared to Volkswagen’s 5,155,600 and Toyota’s 5,129,000. All three makers are on track to top 10 million for year. But General Motors, which had long ranked at the top of the sales charts, now lacks well back in fourth and unlikely to even make 9.5 million for the full year without picking up its pace.

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Renault-Nissan Ready to Partner Up in Connected Car Space

Alliance's tech leader says teaming up makes sense.

by on Oct.26, 2016

Renault-Nissan Chief Carlos Ghosn has said that partnerships are likely in the coming age of the connected car.

Under Carlos Ghosn, the Nissan-Renault alliance has leaned forward in areas such as the development and sales of electric cars and autonomous vehicle technology even when the returns have been scant.

Ghosn, however, also has been open to alliances of various kinds and Ogi Redzic, the executive overseeing connected vehicles at Nissan and Renault, said this week that developing a common technology for connectivity outweighs the risks of from a possible defect or a common breach in cyber security.

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Redzic, senior vice president of the Renault-Nissan Alliance, said for automakers, connectivity with links to family, navigation aids and remote control of vehicles is an area where all automakers are looking for an edge. (more…)

Renault and Nissan Tighten Embrace to Boost Earnings

Partners target $6 billion in new synergies.

by on Mar.04, 2016

Renault-Nissan Alliance CEO Carlos Ghosn sees more opportunities for savings.

Already one of the most successful partnerships in automotive history, the Renault-Nissan Alliance is targeting an additional $6 billion in new “synergies” by 2018, the two carmakers announced Friday.

The plan comes as something of a victory lap for Carlos Ghosn, the Brazilian-born executive who serves as CEO of the two companies. Late last year, he beat back a push by the French government, a major investor in Renault, which threatened to fracture the Euro-Asian alliance.

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“The auto industry is rapidly evolving, requiring Renault and Nissan to leverage the Alliance as a pragmatic business tool,” said Ghosn in a prepared statement.

(more…)

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