By on October 20, 2016

2016 Mitsubishi Outlander

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…)

By on October 9, 2016

1993 Mitsubishi Diamante wagon, Image: © 2015 Murilee Martin/The Truth About Cars

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…)

By on September 30, 2016

Renault Duster

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…)

By on April 18, 2016

Carlos Ghosn

The Russian automaker that manufactures Lada vehicles won’t see Carlos Ghosn at its board meetings after this June.

The Renault-Nissan CEO and chairman is expected to be replaced as chairman of AvtoVAZ at the company’s June 23 shareholders meeting, the automaker has stated, with Dr. Serguey Skvortsov taking his place.

Ghosn remains the chairman of Alliance Rostec Auto BV, the holding company that controls AvtoVAZ. Renault-Nissan bought a majority stake in the company, which is a joint venture with Russian Technologies, in 2012. (Read More…)

By on March 4, 2016

E10 + 100 Percent Gasoline at the Pump

Gasoline is gloriously cheap and the automotive industry is taking a break from the tiresome “more mpg” game.

That, Christmas comes early for Volkswagen employees, Carlos Ghosn has a plan to save big bucks, Google is luring more humans and Bentley can’t build enough SUVs for the “you call this caviar?!” crowd … after the break!

(Read More…)

By on December 11, 2015

Renault Kwid

Nissan and the French government struck a deal Friday to end a dispute over how much influence the state has over the carmaking alliance between the Japanese automaker and Renault, according to Renault.

The French government will cap its voting rights between 17.9 percent and 20 percent in non-strategic shareholder decisions, and will preclude “interference” by the government in Nissan by Renault. Renault, which is partially state-owned, is Nissan’s largest shareholder.

Earlier this year, France passed a law that would have given the government increased voting rights in the alliance, perhaps in an attempt to forge a stronger partnership between the two automakers(Read More…)

By on November 13, 2015

Renault Fluence Z.E. and Nissan Leaf Circa 2013

The battle between Nissan and the French government over the former’s voting stake in the Renault-Nissan Alliance continues on.

This month, after temporarily raising its stake to 19.7 percent, the French government cut back its stake to around 15 percent, which is still enough voting power under the Florange Law to block anything it didn’t like from Nissan and its allies during shareholder meetings.

However, second-in-command at Nissan, Chief Competitive Officer Hiroto Saikawa, expressed it wasn’t enough to go back to “the situation of seven months ago,” desiring “a better balance between the two companies,” a source told Reuters.

Instead, Nissan responded to the draw-down with a proposal establishing a “better-balanced” 25-percent/35-percent crossed shareholding, with Nissan finally having a say after 16 years of merely owning a piece of the company which rescued it from death back in 1999.

(Read More…)

By on June 23, 2015

Carlos Ghosn

Renault-Nissan CEO Carlos Ghosn did well for himself in 2014, banking around $16 million in compensation compared to the salaries of other automotive CEOs.

(Read More…)

By on May 20, 2015

Renault Kwid 01

As the Datsun brand stumbles in India, Renault-Nissan unveiled the Kwid Wednesday to take on the challenge of beating the best-selling Maruti Suzuki Alto.

(Read More…)

By on May 1, 2015

Carlos Ghosn Circa April 2013

An attempt to bring further integration within Renault-Nissan resulted in the French government tightening its hold on Renault against CEO Carlos Ghosn.

(Read More…)

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