FCA’s sweater-in-chief Sergio Marchionne has a plan to turn around the debt-laden and ailing automaker: stop building cars that lose money. That sounds like common sense, so long as oil prices stay low and the demand for trucks, SUVs and crossovers remains high.
But that plan introduces a new set of problems, chief among them the fact that ditching the car market leaves FCA exceptionally exposed to future volatility in oil prices. Crude prices affect prices at the pump, which affects the demand for certain types of vehicles. Sergio is betting oil prices will stay low by focusing on vehicles with ever-increasing price tags and ever-growing gas tanks.
Still, there will always be some demand for small cars. It was true in 1950 and it is true today. So what will Mr. Sweater do to meet that demand? Simple: he’ll buy those vehicles from another automaker and badge engineer them the old-fashioned way.
Volkswagen just tabbed a former FBI director to be the highest paid traffic cop in the universe.
That, Renault is only “improving” its emissions, GM’s big bet on ride sharing and the world’s biggest auto supplier says diesel isn’t dead … after the break!
Agents from France’s Economy Ministry’s fraud office last week raided the headquarters of automaker Renault, as well as other sites in Guyancourt and Lardy, as part of a probe into heavily polluting diesel vehicles in the European country. Specifically, the agents were said to be looking into “possible engine-rigging to dodge pollution controls,” reported RFI.
Renault stated that investigators found “no evidence of a defeat device equipping Renault vehicles,” Reuters reported.
Renault is now the second automaker to be investigated on a deeper level after Volkswagen admitted to falsifying CO2 emissions data in Europe and implementing a “defeat device” in diesel vehicles worldwide.
Nissan-Renault announced Thursday that it would have 10 cars on sale worldwide with autonomous features ready by the end of the decade.
Considering the photo provided by the automaker is of a Nissan Leaf, we can begin there.
Newly promoted, high-priced executives at Mazda seem to think there’s something to this crossover fad.
That, Hyundai’s landed a Benjamin Button to lead Genesis and I wish I would have known how cheap I could have purchased an F1 team … after the break.
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…)
Nissan has announced a proposal which would end Renault’s control of the Renault-Nissan Alliance, and would curtail interferance by the French government.
When we last left off, Nissan was looking to gain a voice in the alliance it made in 1999 with Renault by increasing its stake while mitigating the stake shared between Renault and Paris. The Japanese automaker has held a 15 percent non-voting stake since alliance CEO Carlos Ghosn turned around its fortunes in the early 2000s, as French law prevents affiliates owning less than 40 percent of a French-led company from voting at the shareholders’ table.
Nissan has other ideas. (Read More…)
A German environmental group said Tuesday that its testing has revealed Renault’s Espace, when equipped with a 1.6-liter diesel engine, could emit up to 25 times the allowable limit of nitrogen oxides with a warm engine running on roads — or you know, the real world.
According to the New York Times, the Deutsche Umwelthilfe (DUH) didn’t directly accuse Renault of including cheating software in its cars — a la Volkswagen — but said the van polluted significantly less when the engine was cold. The results could show the schism between European testing standards — where tires can be over-inflated, doors taped up, batteries disconnected, seats removed — and real-world conditions.
Renault said in a statement Tuesday that its van complied with regulations and that tests done by researchers at the University of Bern “are not all compliant with European regulations.” (Read More…)
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.
Renault has released their latest global pickup concept, the Alaskan, and by global they mean almost everywhere except Alaska.
Regardless, the Alaskan looks like a beefed-up version of the Hyundai Santa Cruz pickup concept revealed in Detroit. Renault said the Alaskan is part of a new global push for their LCV business. We bet Mercedes will have something to say about this very soon.