Renault

    • Renault, Nissan, Mitsubishi deepen cooperation to survive

      Renault, Nissan, Mitsubishi deepen cooperation to survive

      Renault SA, Nissan Motor and Mitsubishi Motors announced on Wednesday details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group, news wires reported. The reworked alliance will focus on more systematic divisions of labour, with one partner leading for a particular type of vehicle and geography while the others follow.

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    • France warns Renault could disappear

      France warns Renault could disappear

      Europe’s car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn’t get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe.

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    • Nissan considers huge job cuts, some in Europe

      Nissan considers huge job cuts, some in Europe

      Nissan Motor plans to cut up to 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday. The Japanese automaker is seriously struggling to recover from plunging car sales. The possible cuts come as Nissan prepares to announce its updated mid-term strategy next week.

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    • Renault cuts jobs at its Slovenian unit

      Renault cuts jobs at its Slovenian unit

      French carmaker Renault plans to cut about 400 out of some 3,200 jobs at its Slovenian unit Revoz after the coronavirus epidemic hit demand for its products, news wires reported. Revoz produces the Clio, Twingo and electric Smart Forfour models. Its biggest markets include France, Germany and Italy.

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    • Fiat Chrysler, Peugeot in talks to create $50bn car giant

      Fiat Chrysler, Peugeot in talks to create $50bn car giant

      US-Italian auto giant Fiat Chrysler and France's Groupe PSA, the maker of Peugeot and Citroen cars, announced Wednesday they are in merger talks that could create the world's number four automaker. Fiat Chrysler Automobiles (FCA) said in a statement it "confirms there are ongoing discussions aimed at creating one of the world's leading mobility groups" with PSA. The statement and a similar one from PSA however offered no additional details.

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    • Fiat Chrysler to merge with Renault

      Fiat Chrysler to merge with Renault

      Fiat Chrysler and Renault, are considering a merge of vast swaths of their businesses - a move that demonstrates the growing desire among automakers to consolidate in an environment of increased regulatory pressure, sales declines and rising costs aimed at bringing next-generation technologies like self-driving cars to market. 

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    • Nissan chairman accused of significant acts of misconduct

      Nissan chairman accused of significant acts of misconduct

      Nissan Chairman Carlos Ghosn, who became one of the auto industry’s most powerful executives by engineering a turnaround at the Japanese manufacturer, was arrested Monday and will be fired for allegedly under-reporting his income and misusing company funds for personal gain. Along with him, another senior executive, Representative Director Greg Kelly, was also arrested and accused of offences involving millions of dollars that were discovered during a months-long investigation set off by a whistleblower.

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