Tag: France

By on June 12, 2020

Renault finds itself reeling from pandemic-related shutdowns and industrial partnerships that proved more troublesome than helpful. Its alliance partner, Nissan, has been incredibly wary of any further integration with the French company — providing a major distraction within the alliance, even as the situation on the ground worsened. They’re now trying to reorganize the partnership while addressing the crippling financial situation they’ve both been confronted with.

Any talks of a merger (something Nissan clearly doesn’t want) have been suspended so the automakers can focus on reducing operating costs (layoffs, product reorganization, etc.). The duo also sought financial help to offset money lost back when we were all still collectively handling the pandemic in a super serious manner. While Nissan was interested in landing private loans, Renault hoped to get its aid via the French government. However, Chairman Jean-Dominique Senard made it clear that not all help will be welcomed, especially if it means nationalizing the company.  (Read More…)

By on June 3, 2020

Renault — struggling, like all other automakers, from the body blow called COVID-19 — has secured a financial lifeline from an unsurprising source: the French government.

France, which holds a 15 percent stake in the automaker, signed off on a $5.6 billion rainy day fund for the company, guaranteeing 90 percent of the borrowed sum. That takes a fair bit off the heat off. (Read More…)

By on May 29, 2020

The same week that Nissan outlined a supposedly sustainable path forward, alliance partner Renault did the same thing, revealing a blueprint for a streamlined business and pared-down workforce in the years ahead.

Annual production will be cut, plants will be shuttered, and about 15,000 employees will be let go, the automaker said. The company’s problem was thinking too big, its interim CEO remarked — something Renault’s former boss might disagree with. (Read More…)

By on February 28, 2020

PSA Group

Given the size and modest specs of Citroën’s Ami city car, you’d think post-war rationing was still a thing in France.

The Ami, revealed Thursday, is a production version of the Ami One concept PSA Group debuted at last year’s Geneva Motor Show. It’s small, short, looks the same coming as it does going, and doesn’t require a driver’s license. It could be a ticket to freedom for a 14-year-old, but first they’ll have to get used to living life at no more than 28 mph. (Read More…)

By on February 18, 2020

Last week, Renault reported its first significant loss in a decade (€141 million) and a 3.3-percent decline in annual sales for 2019. It now expects a flat 2020 and claims it needs to commit itself to a €2 billion restructuring program over the next three years. Alliance partner Nissan also anticipates a weak year, and is doubling down on its own restructuring efforts by showcasing an eagerness to do whatever it takes to restore profitability.

However, the French government wants Renault to slow down and think about things before it starts shuttering local factories. Owner of a 15-percent stake in the automaker, it doesn’t wish to see its investment doing anything embarrassing. As such, French Finance Minister Bruno Le Maire warned the company to be exceedingly careful with how it handles business in France, urging it to avoid any measures that might negatively impact domestic employment rates.  (Read More…)

By on January 28, 2020

If it looks like a classic 1950s Porsche ⁠— and has its engine in the same place, too, — it’s probably a PGO from 2016.

Let’s find out more about this tiny French automotive concern.

(Read More…)

By on December 27, 2019

Next year, the European Union plans to adopt aggressive new rules that would see automakers fined if their total annual vehicle sales exceed predetermined carbon limits. Obviously automakers aren’t thrilled with the new fines and higher emission mandates, but France is facing additional criticism for its decision to take things a step further.

France’s parliament has adopted a new law penalizing cars that emit carbon dioxide above a certain threshold while still adhering to EU regulations. Vehicles failing to adhere to the French rules will be subject to a 20,000 euros ($22,240) tax in 2020, nearly twice the current fine. Meanwhile, the country is mulling the possibility of culling EV incentives — an odd move, considering its aim to transition its populace to zero-emission vehicles. (Read More…)

By on November 18, 2019

Rare Rides introduced the Panhard brand to the series a while back, showcasing the little 24. The miniature coupe would end up as the last passenger car offering from the brand before it was stomped out by its parent, Citroën.

Today we’ll take a look at an even smaller Panhard from 1963. It’s a rare PL 17 convertible, in even rarer Tigre guise.

(Read More…)

By on October 21, 2019

Rare Rides is partial to the unique motoring opportunities offered by French manufacturers. Among many Citroëns featured here, recently a Talbot-Lago coupe wowed the eyes with its style and price. Today we’ll take a look at another French coupe that’s a bit more affordable.

It’s an unrestored Panhard 24 from 1964.

(Read More…)

By on October 18, 2019

In Part I of this two-part edition of Rare Rides, we learned about historic manufacturer Talbot and the ups and downs the performance and luxury car brand experienced due to outside forces. Today we take a closer look at the car which generated this story — a very rare T26 Grand Sport coupe.

(Read More…)

By on October 17, 2019

Talbot’s history was a difficult one, fraught with adversity. Yet during the company’s earlier iterations it produced beautiful, luxurious cars like today’s Rare Ride. It’s a T26 Grand Sport coupe, from 1954.

(Read More…)

By on October 16, 2019

On last Wednesday’s Question of the Day post, we began our examination of terrible styling on sporty cars of the 1990s. First up was America, and the oft-fiddled Mercury Cougar. This week we turn our attention to Europe, and sporty designs from across the ocean that didn’t quite work.

(Read More…)

By on October 9, 2019

The French media is reporting that Renault CEO Thierry Bolloré could be removed as part of a greater initiative to clean house within the Renault-Nissan-Mitsubishi Alliance. As usual, the cornerstone of the controversy stems from the executive’s close ties to Carlos Ghosn.

That relationship makes him suspect, as numerous high-ranking employees at Nissan are currently under suspicion of having helped or benefited from the alleged financial misdeeds surrounding the ousted chairman. In fact, the Japanese automaker had to select a new CEO in short order after information emerged implicating former corporate head Hiroto Saikawa — encouraging his September resignation.

Now there’s a campaign in place to distance the automaker from Ghosn-era hires and legacy staffers with deep links to him. Everyone expects Renault to do the same.  (Read More…)

By on September 24, 2019

Today’s Rare Ride is one of the more obscure vehicles seen on these pages. The result of an argument between two men, the Le Mans was a short-lived model from a short-lived manufacturer.

(Read More…)

By on August 15, 2019

Today’s Rare Ride follows a trio of recent Citroën entries in this series. But unlike the other chevaux in the stable, this one’s an illegal alien.

It’s the Xsara Picasso from 2003.

(Read More…)

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