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Jeep Avenger EV Debuts in Paris
“The new Jeep Avenger represents a key milestone for the brand as it is the first of a portfolio of all-new Jeep BEVs to be introduced in Europe.” said Christian Meunier, Jeep brand CEO. “It offers Jeep brand capability that is rightsized for the European market and at the Paris Motor Show, we are showcasing why it is a great all-electric Jeep brand alternative to current players in the B-SUV segment.” Jeep predicts it will be its best-selling model in Europe by 2024. Continue reading
Posted in auto news, electric vehicles, global warming, manufacturing, marketing, new vehicle, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, B-SUV segment, christian meunier, Emotors, Jeep Avenger EV, Ken Zino, Leroy-Somer Holding, paris motor show, Poland, Stellantis, Tychy
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Nissan Canada Head Retires, Prompting Changes in the Americas
Nissan today announced that Allen Childs will retire as president, Nissan Canada, following two decades with the company. He will be replaced by Christian Meunier, currently president, Nissan Brazil, who will become president of Nissan’s third largest market in the Americas. Continue reading
French are Running Nissan Americas and in Japan
Christian Meunier has been named chairman, Nissan Americas, effective 1 January 2025. He replaces Jérémie Papin who has been appointed chief financial officer (CFO), Nissan Motor Co., Ltd. As chairman for Nissan Americas, Meunier will lead operations and strategy across all of North and South America as part of the company’s global business plan, The Arc. He will report to Guillaume Cartier, chief performance officer (CPO), Nissan Motor Co, Ltd. It’s the latest move at the struggling automaker whose, well, Arc is sinking.*
At the beginning of November Nissan Motor Company in Japan announced weak financial results for the six-months ended 30 September 2024. Net revenue decreased by ¥79.1 billion year-over-year (YOY) to ¥5.98 trillion yen, with consolidated operating profit decreasing ¥303.8 billion to ¥32.9B. This was a paltry operating profit margin of 0.5%. Net income was ¥19.2 billion. Global sales volumes decreased year-on-year to 1.6 million units. As a consequence Nissan revised its full year financial outlook for fiscal year 2024. The dividend was cancelled. Continue reading →