Renault will stop assembling new cars at its Flins factory outside Paris and turn the site into a research, recycling and repair centre by 2024 in a move set to save full-time jobs at the plant, the company said on Wednesday. "The status quo was no longer possible, we had to be lucid about this," Renault Chairman Jean-Dominique Senard told an online news conference after meeting with unions at Flins, flanked by new Chief Executive Luca De Meo. Renault, which had been struggling with waning pro
Nissan Motor is looking to sell some or all of its 34% stake in Mitsubishi Motors, Bloomberg News reported on Monday, citing unidentified sources, a move that would reshape a three-way alliance that includes France's Renault. Nissan shares rose 5% on the news. Mitsubishi Motors was up 3%.
Former Nissan Motor Co. Chairman Carlos Ghosn made a new public appearance in Lebanon Tuesday during which he launched an initiative with a local university to help the country that is undergoing a severe economic and financial crisis. It is Ghosn’s second appearance in public since he was smuggled from Japan in late December to his ancestral Lebanon. Ghosn declined to elaborate about the details of his arrival in Lebanon, saying it happened in “dramatic circumstances” and also refused to answ
The criminal trial against Japanese automaker Nissan and its former executive Greg Kelly will open in Tokyo District Court on Tuesday. It’s the latest chapter in the unfolding scandal of Carlos Ghosn, a superstar at Nissan Motor Co. until he and Kelly were arrested in late 2018. Kelly says he is innocent.
In addition to the vehicle discounts, Uber said the $800 million includes discounts for charging and a fare surcharge for electric and hybrid vehicles, the cost of which would be partially offset by an additional small fee charged to customers who request a "green trip." Uber said that vehicles on its rides platform in the United States, Canada and Europe will be zero-emission by 2030, taking advantage of the regulatory support and advanced infrastructure in those regions.
Alpine has a strong motorsport pedigree, in rallying and endurance racing, but has not previously featured in Formula One as a constructor. The Renault name will remain on the car as the engine provider. "Starting from next year we will be racing with the Alpine brand," De Meo told reporters ahead of the Italian Grand Prix at Monza.
France's Renault said on Thursday it was moving to a new organisational set-up focused on core brands rather than geographies, in the first move by new Chief Executive Luca de Meo to shake up the loss-making carmaker. Renault, which took aid in the form of a state-backed loan from the French government this year, is trying to recover from the coronavirus pandemic while also patching up a strained relationship with Japanese partner Nissan . De Meo, who used to run competitor's
Two American men wanted by Japan on charges that they helped sneak former Nissan Motor Co. Chairman Carlos Ghosn out of the country in a box have again been denied release from a U.S. jail. U.S. District Judge Indira Talwani on Friday rejected a bid to free Michael Taylor, a 59-year-old U.S. Army Special Forces veteran, and his 27-year-old son, Peter Taylor, on bail while they fight their extradition to Japan. Talwani said a magistrate judge properly found the two men to be a risk of flight.