Tag: alliances

By on August 1, 2016

Tesla Model X

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…)

By on May 12, 2016

Carlos Ghosn speaks -01. Picture courtesy Bertel Schmitt

Yesterday’s vague Japanese media reports proved right this morning, as Nissan Motor Co. announced it will purchase a 34 percent controlling stake in scandal-plagued Mitsubishi Motors.

Taking advantage of Mitsubishi’s reduced market value following the company’s admission of cheating on Japanese fuel economy tests, Nissan’s 237 billion yen ($2.2 billion) bulk buy of shares makes it the automaker’s largest shareholder.

It’s a big win for Nissan, which can take credit for exposing the gas mileage scandal less than a month ago. (Read More…)

By on May 6, 2016

marchionne

Fiat-Chrysler CEO Sergio Marchionne can see a beautiful future with partner Google, but there’s plenty of fish in the sea, you know.

Speaking in Windsor, Ontario, where Chrysler Pacifica minivan production recently kicked off, Marchionne called FCA’s Google fling the “first phase” of their relationship, but admits to wanting to keep his options open, Automotive News reports. (Read More…)

By on September 18, 2015

BMW Z4

Like a bad reality show, the figurative clock is ticking for the Toyota/BMW courtship that may or may not be spawning a sports car.

Reuters reported (via Automotive News Europe) that Toyota spokesman said the companies would make a decision on whether to pursue the joint project further.

“By the end of the year we will approve whether or not we will make it,” a Toyota spokesman told Reuters. “The whole study before that, on what kind of platform, on what kind of architecture, that’s been progressing quite well. We haven’t yet decided to give the green light to the project, but it’s coming up.”

(Read More…)

By on September 16, 2015

Renault-Nissan CEO Carlos Ghosn (right) and Daimler CEO Dieter Z

Speaking to journalists in Frankfurt, Nissan chief Carlos Ghosn told journalists that he’d be open to any alliance with an automaker if the opportunity presented itself.

“Any single opportunity we have in front of us … we will entertain,” Ghosn said, according to The Detroit Bureau.

Nissan and Daimler together released Wednesday an update on its joint projects including its factory in Aguascalientes, Mexico that’ll produce both the Infiniti Q30 and Mercedes-Benz GLA.

(Read More…)

By on September 9, 2014

Mahindra_Bolero_15

Despite its struggles in its native market — and, perhaps, because of said struggles — Mahindra & Mahindra is seeking to build alliances with a trio of automakers to develop its global presence.

(Read More…)

By on July 31, 2014

Alfa_Romeo_GTA_-_002

Fiat Chrysler Automobiles CEO Sergio Marchionne is open to forming new alliance with other automakers as far as cost-savings are concerned, but he maintains that Alfa Romeo is not for sale.

(Read More…)

By on May 20, 2014

AICE

Japan’s cadre of automakers have formed an alliance to research and develop a new generation of diesel and gasoline internal combustion engines, with the goal of delivering a 30 percent improvement in fuel efficiency by 2020.

(Read More…)

By on March 4, 2014

2011_Mazda_MX-5_PRHT_--_04-28-2011

Long rumored to wear the Alfa Romeo badge, the next-generation Mazda MX-5 may instead don a Fiat or Abarth necklace in 2015 if Fiat Chrysler Automobiles CEO Sergio Marchionne has the last word.

(Read More…)

By on February 19, 2014

2011 Peugeot China 508 With Couple

The 3 billion euro ($4.1 billion USD) three-way deal between PSA Peugeot Citroen, Dongfeng and the French government, signed this week, is set to inject new capital and a much needed life extension for Peugeot, though at the expense of the Peugeot family ceding control after two centuries.

(Read More…)

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