Carlos ghosn renault nissan

The three carmakers are reeling from the coronavirus pandemic which engulfed them just as they were trying to rework their partnership after the arrest in 2018 and subsequent ousting of its chairman and chief architect, Carlos Ghosn. … [Read more...] about Renault-Nissan announce plan to deepen cooperation to ensure group’s survival

“We do not need a merger to be efficient,” Renault Chairman Jean-Dominique Senard told a joint news conference. He also said existing ties with Germany’s Daimler, which owns Mercedes-Benz, could be strengthened and that he hoped to make an announcement in the coming weeks. … [Read more...] about Renault, Nissan, Mitsubishi rule out merger

The headquarters of French carmaker Renault is pictured in Boulogne-Billancourt, outside Paris, Monday, May 25, 2020. French President Emmanuel Macron is set to unveil sweeping new measures to rescue France's car industry, hammered by virus lockdown and the resulting recession. The issue is politically sensitive, since France is proud of its auto industry, which employs 400,000 people and is an important part of the country's remaining manufacturing sector. less … [Read more...] about French carmaker Renault announces 15,000 job cuts worldwide

U.S. authorities recently arrested two Americans accused of helping Ghosn escape, reportedly by secreting him in a box for musical instruments flown in a private jet. Japanese prosecutors issued arrest warrants for them last year and are seeking their extradition. … [Read more...] about Nissan-Renault alliance to share more parts, technology

push the Alliance’s standardization strategy further, from platforms to upper bodies; per product segment, focus on one mother vehicle (leader car) and sister vehicles engineered by the leading company, with the support of the followers’ teams; ensure that leader and follower vehicles for each brand are produced using the most competitive setup, including grouping production where appropriate; and, continue to build on product sharing in light commercial vehicles, where the leader-follower model is already applied The leader-follower scheme is expected to deliver model investment reductions of up to 40% for vehicles fully under the scheme. Those benefits are expected to come in addition to conventional synergies that are already delivered today. … [Read more...] about Renault, Nissan, And Mitsubishi Detail Alliance Business Changes