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It’s often sad to witness the moment when an individual’s high hopes collide with a cold, antiseptic wall of reality. Though we should all aspire for more, the inescapable truth is that most of our dreams will end up dashed on the rocks.
This week it was Fiat Chrysler Automobiles CEO Sergio Marchionne’s turn — once again — to face rejection. Buoyed by PSA Group’s acquisition of General Motors’ European car divisions, Marchionne must have assumed that love was in the air and it would perhaps soon be FCA’s turn to go home with another automaker.
Unfortunately for Marchionne, one potential mate quickly burst that balloon in a fairly heartbreaking fashion. Read More >
Carlos Ghosn, the aggressive figurehead who brought a nosediving Nissan back from the brink, is stepping down as CEO after 16 years on the job.
The industry titan will remain CEO of Renault, where he staged a similar turnaround, and will continue to serve as chairman of Nissan, Renault and lowly Mitsubishi — the latter company being added to the alliance last year. Apparently, the decision to step down was prompted by Mitsubishi’s deeply-ingrained woes. In order to work some Nissan-style magic on the struggling automaker, Ghosn needed to hand over the reins.
Meanwhile, a man who stuck with Nissan for 40 years has seen his loyalty pay off. Read More >
A quick look at the automotive landscape of 2017 tells us that electricity, long relegated to golf courses and RC cars, is the chosen successor to gasoline and diesel propulsion. However, automakers are hedging their bets on the best way to create those electrons.
Despite a critically meager refueling infrastructure, hydrogen lives on as a potential source for that energy, and select automakers continue a quest to equip our future vehicles with containers of lighter-than-air gas. To this end, General Motors and Honda partnered up back in 2013.
Now, we know the next step in the two automotive rivals’ plan. Read More >
After a report appeared claiming that Nissan is scrapping a joint development effort with Mercedes-Benz, the Japanese automaker’s CEO says the two partners haven’t split up.
Japan’s second-largest carmaker and Germany’s oldest made an agreement in 2010 to share engines and platforms for Infiniti and several compact Mercedes-Benz models. A new platform is planned for a cooperative factory in Mexico opening this year, and a decision to back out would throw a wrench into the future of the $1 billion plant Read More >
After inking the deal that brought Mitsubishi Motors under his corporate umbrella, Nissan-Renault chairman Carlos Ghosn said the acquisition would have a “massive” impact on the struggling automaker.
By sharing the alliance’s technology, platforms and engines, Mitsubishi can look forward to a brighter, product-filled future, he claimed. Full integration is still years away, but a new report sheds some light on the first all-new product born of the $2.29 billion deal. Read More >
Mazda loves its Skyactiv engine technology, as the high-compression fuel-sippers eliminate the automaker’s need for pricey hybrids or battery electric vehicles.
Boasting an increasingly rare all-gas U.S. fleet, Mazda has said it can handle increasingly stringent fuel economy requirements with improved second-generation Skyactiv engines, including their diesel variants.
It now looks like that plan won’t be enough. Read More >
Mitsubishi has officially tied the knot with its savior, making Renault-Nissan chairman Carlos Ghosn the only automotive executive in the world (and possibly the galaxy) to head three companies.
The $2.29 billion deal gives Ghosn’s Renault-Nissan alliance a 34 percent controlling stake in Mitsubishi — a financial lifeline for the struggling, scandal-plagued automaker. Already, the company’s new chairman (and demoted former chair) have big, big plans for the Mirage maker.
Nissan-sized plans. Read More >
Sparks flew when Tesla teamed up with Panasonic to produce battery packs at the automaker’s Nevada Gigafactory. Of course, it helped that the Japanese battery maker brought $1.6 billion of its own money to the table.
After it tested the waters and liked what it saw, Tesla has now inked an agreement with Panasonic to bring jobs — hopefully long-lasting ones — to Buffalo, New York. Read More >
A modern take on one of the sexiest four-cylinder cars of the 1960s will officially debut before the end of the year, and there’s a chance it will find its way to these shores.
Alpine, a reborn subsidiary of Renault, is putting the final touches on the production version of its Vision concept, a practical sports car that harkens back to the glory days of the nearly forgotten brand. Read More >
This could be the start of a beautiful business partnership.
After its romance with Volkswagen AG ended in a bitter breakup last year, Suzuki is considering hopping into bed with the world’s largest automaker.
Toyota and Suzuki issued a joint press release today announcing their intention to get together and see where it goes. Read More >
Carlos Ghosn, the synergizing executive that Sergio Marchionne only wishes he could be, isn’t mincing words when it comes to Nissan’s plans for fledgling automaker Mitsubishi.
According to the Renault-Nissan top boss, the deal between Nissan and Mitsubishi is “massive.”
Read More >
You’re a busy person, and standing at a gas station with a nozzle in your hand is for plebes.
Not to put too much of undergrad term paper slant on it, but that’s what Bentley silently suggests by rolling out a trial fuel delivery service for its owners. The ultra-luxury automaker has teamed up with U.S. tech startup Filld to offer the perk. Read More >
Few good news stories seem to originate in Iran, but Renault wouldn’t agree.
The French automaker has inked a deal with the government of Iran to massively boost vehicle production in the middle eastern country. Read More >
Volkswagen’s commercial vehicles division is eager to enter the U.S. heavy truck market, and it just found a partner to help pull it off.
Volkswagen Truck & Bus has announced it will buy a 16.6 percent stake in U.S. truck maker Navistar International Corp., a share buy worth $256 million. Both companies hope to save money (and make more of it) through the technology-sharing deal, with joint products on the horizon. Read More >
To bastardize an old Dodge slogan, if you’re willing to devote your life to sustainable driving and ditch your electricity provider, you could be Tesla material.
The electric automaker announced a deal with solar company SolarCity today — an all-stock agreement worth $2.6 billion. Acquiring the nation’s largest rooftop solar provider gives Tesla CEO Elon Musk the top-to-bottom green company he always wanted, but it opens the company up to new risks. Read More >