Tag: tie-up

By on August 5, 2015

2013 Volkswagen Jetta Hybrid, Exterior, Front 3/4, Picture Courtesy of Alex L. Dykes

In a detailed report on the failed alliance between Suzuki and Volkswagen, Automotive News reports that the Japanese automaker wanted to re-badge and sell Volkswagen Jetta Hybrids in the U.S. before the company eventually decided to close up its local sales arm.

The report, which came out on Monday, is a play-by-play of what happened from the time Suzuki CEO Osamu Suzuki and Volkswagen AG CEO Martin Winterkorn first shook hands in 2009, to when Suzuki announced it was cutting its losses, up to today as the automakers struggle over VW’s 19.9-percent ownership of the Japanese automaker.

(Read More…)

By on May 31, 2013
Carlos Ghosn and Osamu Masuko CEO of Mitsubishi - Picture courtesy lefigaro.fr

Carlos Ghosn and Osamu Masuko CEO of Mitsubishi

Renault chief Carlos Ghosn is reaching out, forging foreign alliances with a heavy emphasis on emerging markets. “Faced with the slump in the European markets,” writes the French Figaro, Renault is “edging closer to Mitsubishi.” Nothing is official, and if you ask on the record, you get firm denials, such as the “this is not true,”  told to Reuters by a Mitsubishi Motors spokesman. Behind the scenes, there are traces of heavy petting. Let’s look into them. (Read More…)

By on February 4, 2013

More bad news from Europe: The new car market in Germany, last year an island of stability in a sea of red,  was down 8.6 percent in January. On the back of worse news from other European volume markets, this does not bode well for when ACEA will publish its European data  next week. (Read More…)

By on February 1, 2013

It was one of the worst-kept secrets: Two weeks ago, Reuters reporters had picked up the scent of Daimler planning a big investment into China’s BAIC. This week, rumors started flying around in Beijing that it is true. Today, Daimler announces, as expected, that “Daimler AG is going to invest in BAIC Motor, the passenger car unit of BAIC Group, one of the leading automotive companies in China.” (Read More…)

By on January 31, 2013

Now about those Benz-BAIC rumors: While Beijing is going gaga, Reuters has been suspiciously quiet about an upcoming deal between Daimler and its Chinese partner BAIC. Reuters, which has good ears and feet on the ground in China, had reported two weeks ago that something might be happening. Today, Reuters breaks its silence and says: (Read More…)

By on January 30, 2013

How do you beat the Dow? Occasionally, by reading TTAC. Yesterday, we wrote about Beijing rumors that Daimler and China’s BAIC are planning a big tie-up.

While we at TTAC are busy looking for the appropriate tie-up pictures, in case the rumor should prove true, the Dow Jones Newswire reports today: (Read More…)

By on May 23, 2012

And now for the Italian section of our collection of tasteful tie-up art. Mazda and Fiat not quite tied the knot, but they became engaged. Mazda and Fiat signed “a non-binding Memorandum of Understanding (MoU) for the development and manufacturing of a new roadster for the Mazda and Alfa Romeo marques based on Mazda’s next-generation MX-5 rear-wheel-drive architecture,” Mazda says in a statement. (Read More…)

By on April 29, 2010

With all the tie-ups going on between Japanese and mostly European car makers, conventional wisdom had it that Honda would not take part in the nampa with the gaijin. Everybody saw them stay pure and Nipponese. Not so, said Executive Vice President Koichi Kondo yesterday to The Nikkei [sub]. They would very much like a little tete-a-tete with attractive suitors. They were the wallflower, because they were too shy and awkward. Now, Honda is ready to play. (Read More…)

By on April 12, 2010

Guess who was matchmaker for Daimler’s three-way tie-up with Renault and Nissan? The Nikkei [sub] thinks it was Volkswagen. VW’s alliance with Suzuki “spooks Daimler into thinking small,” says the Tokyo business paper. And that’s quite a change for formerly bigthinking Daimler. (Read More…)

By on April 7, 2010

So today, Renault, Daimler, and Nissan did what we said they would do and announced a three-way tie-up. Which is good, because we are running out of inappropriate pictures. The marriage goes far beyond the exchange of symbolical stock holdings. (Read More…)

By on March 26, 2010

I’m running out of gratuitous tie-up pictures, so let’s celebrate the good news with a video: The Nikkei [sub] sends us the news that Nissan and Daimler “are in the final stages of negotiations to obtain stakes of less than 5 percent  in each other.” This comes on the heels of yesterday’s news that Daimler and Renault will exchange shares. With Nissan joining the couple, the tripartite axis will be perfect. No Italians this time. (Read More…)

By on March 25, 2010

After long hand-holding and necking, Daimler and Renault finally seem to progress to third base. The Financial Times reports that the French and the Germans are in the final stages of wide-ranging strategic partnership talks that would involve the German and French car makers taking ‘symbolic’ minority stakes in each other.” (Read More…)

By on March 17, 2010

Time to break out the (tasteful) shibari pictures. “Nissan would seriously consider joining a comprehensive tie-up between Renault S.A. and Daimler AG if the alliance they are discussing happens,” says The Nikkei [sub]. With Renault and Nissan tied-up both at the hips and on top, such a move would make more than just sense. (Read More…)

By on March 16, 2010

Again, Renault and Daimler are reported to having a serious têteà-tête that could lead to a formal marriage. According to the Financial Times, “Daimler and Renault are discussing acquiring mutual equity stakes as part of a possible alliance that would go beyond their current talks on small cars.”  Their source?  “Two people briefed on the matter.”

Stakes to be bought or swapped were likely to be smaller than 10 per cent. (Read More…)

By on March 3, 2010

Last December, France’s PSA group and Japan’s Mitsubishi Motors seemed to get really tight (and set off the memorable TTAC series of shibari illustrations.)

Something must have happened during their courtship. The main players met on neutral ground at the Geneva auto show and called off the engagement. (Read More…)

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