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Tag Archives: carlos ghosn
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
Posted in auto news, economy, manufacturing, milestones
Tagged auto informed, autoinformed.com, automotive news, avtovaz, carlos ghosn, Ken Zino, lada, renault-nissan, russia
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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
Posted in auto news, manufacturing, milestones, news, news analysis
Tagged aguascalientes, auto informed, autoinformed.com, automotive news, carlos ghosn, Ken Zino, march, nafta, nissan americas, nissan mexico, sentra, tiida, tsuru, uaw, versa
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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
Renault Group Reports +15% Revenues, Record Sales in Q1
Ghosn reaffirmed the company’s €500 million cash flow target for 2011, but because of uncertainties caused by the Japan earthquake and ongoing production stoppages, Ghosn refused to increase his forecast for the year even though Q1 sales was well ahead of plan. The ongoing forecast simply says the both sales and revenues will increase in 2011. Continue reading