Tag Archives: carlos ghosn

Renault Profits Climb to €583 Million despite Eurozone Crisis

Renault posted a profit of €583 million in the first half of 2013 in the face of the Eurozone crisis. The unexpected positive increase of 15% in earnings compared to last year came as Group revenues of 20,441 million dropped – 0.9% compared to the first-half 2012. Automotive operational free cash flow was negative at -€31 million with an automotive net cash of €732 million at end of June 2013. Continue reading

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Renault-Nissan Take Control of Russian Automaker Avtovaz

Total auto industry volume in Russia last year was 2.65 million vehicles, including light commercial vehicles. Volume in 2012 is expected to be 2.9 million units. The economy went through a bubble and subsequent collapse a few years back, and Lada has been steadily losing share all through the recession. Continue reading

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Nissan to Build $2 Billion Plant In Aguascalientes Mexico

The announcement comes as the United Auto Workers union is developing plans to once again try to organize transplants in the United States, where Nissan has two other plants. The UAW has been unsuccessful in previous organizing attempts, and its lack of international alliances with other unions is a decided disadvantage.The lack of exports from UAW organized Detroit Three plants is preventing the creation of middle class jobs in the U.S. – now clearly the issue in the upcoming presidential election. Continue reading

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Nissan Announces Ambitious Global Growth Plan

Things are going to get better during the next five years for Nissan Motor Company, the Yokohama based automaker announced this morning. In unveiling what is an ambitious six year business plan, Japan’s number two automaker said that it will deliver on average an all-new vehicle every six weeks for six years. As a result, the company’s global portfolio will have 66 vehicles and will cover 92% of all markets and segments, Nissan claimed. Continue reading

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Tavares Replaces Pélata as COO of Renault as Fallout from Spy Case that Embarrassed French Government Continues

Renault announced yesterday in Paris that Carlos Tavares is its new chief operating officer, replacing Patrick Pélata. It was the latest development in an industrial espionage case that embarrassed the French government and saw the firings of Remy Pagnie, Director of Group Security, as well as his two co-workers, Dominique Gevrey and Marc Tixador. Continue reading

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