Tag Archives: Renault

Renault-Nissan Cut 2012 Costs by €2.69 billion

Only new savings – not cumulative ones – are taken into account every year. As a result, the Alliance that was established in 1999 when Nissan was facing bankruptcy, arguably now has the longest-lasting cross-cultural partnership in the auto industry. Paris-based Renault and Yokohama, Japan-based Nissan, which together sell one in 10 cars worldwide sold 8.1 million cars in nearly 200 countries in 2012. Continue reading

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Renault Revives Alpine with First Le Mans Entry in 35 Years

Last November, Renault said it will revive the long defunct Alpine brand with the creation of the Société des Automobiles Alpine Caterham. While the first new Alpine is expected go on sale in 2016, the publicity machine is already in full operation. Continue reading

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Renault Group Q1 Sales, Revenues Drop from Eurozone Crisis

The problem was almost entirely in the home French market which shrunk by 19.4%. As a result, Renault Group’s European market share decreased to 9.1%. The EU is heading for its fifth straight year of auto sales declines as politicians and bankers continue to pursue policies that increase unemployment and decrease economic activity. The mix of sales outside Europe reached 46%, up 8 points compared to the first quarter 2011. Continue reading

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Nissan and Daimler to Build Engines in Tennessee

For years Mercedes-Benz sold gas guzzlers in the U.S., paying millions in fines – passed on to customers – for its flouting of CAFE regulations. Much higher fines under the latest CAFE standards and growing pro-environmental standards globally makes this a risky strategy going forward. Continue reading

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Renault Dedicates Enlarged Electric Vehicle Test Center

Since missing the hybrid segment completely that Toyota went on to dominate globally, reaping billions upon billions of dollars worth of “Green” image benefits in the process, Carlos Ghosn, CEO of both Renault and Nissan, has “bet the farm” by investing almost $5 billion in electric vehicles. Thus far, the Nissan Leaf, with roughly 8,000 sales year-to-date, has not met expectations in the U.S. Nissan, optimistically, wants 20% of its sales to be EVs by 2020. Continue reading

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