Alliances

Renault-Nissan raises savings targets

Jan. 30, 2014 18:08 CET
Renault-Nissan named executives to lead efforts to converge manufacturing, r&d, purchasing and human resources....
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Renault-Nissan raises savings targets in cooperation push

12:08 pm U.S. ET | Jan. 30, 2014
Renault-Nissan announced plans to accelerate integration between the carmakers by stepping up joint projects in development, manufacturing, purchasing and human resources....
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BRUCE GAIN

Will Renault and Nissan drift apart when Ghosn goes?

12:01 am U.S. ET | Jan. 29, 2014
The likelihood that Renault-Nissan will appoint a single executive to succeed Carlos Ghosn to run both automakers is remote. Will the alliance unwind if the automakers are headed by two different CEOs?...
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Renault, Nissan said to plan alliance managers for projects

6:30 am U.S. ET | Jan. 27, 2014
Renault and Nissan will announce new managers for their alliance to increase cooperation between the two, a person familiar with the matter said....
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VW will build Crafter van in Poland after ending Daimler tie-up, report says

Jan. 22, 2014 12:41 CET
VW will build its Crafter van in Poland after ending a partnership with Daimler, a German newspaper reported. Currently, Daimler builds the Crafter alongside the Mercedes Sprinter in Germany....
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BRUCE GAIN

Is PSA about to become a 'three-headed monster'?

12:01 am U.S. ET | Jan. 21, 2014
PSA's planned recapitalization that would see Dongfeng and the French government join the Peugeot family as equal shareholders may create more problems than it solves for the struggling automaker....
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PSA board backs cash injection by Dongfeng, France gov't

Jan. 20, 2014 10:17 CET
PSA's board approved a deal to raise 3 billion euros ($4.1 billion) by selling stakes to Dongfeng and the French government. The deal, if completed, would represent a defining moment in the history of the automaker....
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PSA to decide on funds from Dongfeng, report says

Jan. 17, 2014 12:19 CET
PSA/Peugeot-Citroen's board was meeting Sunday to discuss a 1 billion euros ($1.4 billion) investment from Chinese automaker Dongfeng and the French state, sources said....
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Daimler hedges against drop in Tesla share price

9:31 am U.S. ET | Dec. 21, 2013
Daimler AG has hedged its holding in Tesla Motors against a decline in value over the next three years, as it seeks to broaden its alliance with the U.S. electric-car maker....
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Daimler will take 5% stake in Aston Martin in cooperation pact

Dec. 19, 2013 11:11 CET
Daimler will own as much as 5 percent of Aston Martin as part of a deeper agreement to share technology with the British sports-car maker....
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Daimler to acquire Aston Martin stake under technology, engine pact

5:11 am U.S. ET | Dec. 19, 2013
Daimler will own as much as 5 percent of Aston Martin as part of an agreement to supply the British sports-car maker with technology....
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Peugeot shares slump after GM move to sell 7% stake

6:04 am U.S. ET | Dec. 13, 2013
PSA Peugeot Citroen shares plunged Friday after GM announced plans to sell its entire Peugeot stake amid the struggling French carmaker's efforts to seek financial help from its Chinese partner....
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GM yet to reap full benefits of PSA alliance, European partnerships

Dec. 13, 2013 06:01 CET
GM scaled back its alliance with PSA/Peugeot-Citroen while announcing plans to sell its 7 percent stake in the French automaker in another setback for its efforts to seek growth in Europe through collaboration and partnerships....
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GM to sell PSA stake

Dec. 12, 2013 18:35 CET
GM is selling its entire 7 percent stake in PSA while scaling back efforts to jointly develop vehicles with the French automaker. GM said it will sell its 24.8 million shares through a private placement to institutional investors. GM acquired the shares in February 2012 for about $400 million....
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GM to unload 7% stake in French automaker PSA Peugeot

12:35 pm U.S. ET | Dec. 12, 2013
GM is selling its entire stake in PSA Peugeot Citroen while scaling back efforts to jointly develop vehicles with the French automaker. GM said it will sell its 7 percent stake, or 24.8 million shares, through a private placement to institutional investors. GM acquired the shares in February 2012 for about $400 million....
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PSA and Dongfeng agree deal outline, report says

Dec. 11, 2013 17:57 CET
PSA and Dongfeng Motor have agreed on the main terms of an alliance backed by a $4.1 million to $5.5 billion capital injection for the French carmaker, the Financial Times reported....
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PSA share sale hits snag as Dongfeng seeks smaller stake, report says

Nov. 20, 2013 16:34 CET
PSA/Peugeot-Citroen's plan to raise funds through a share sale have hit a snag as China's Dongfeng Motor seeks a smaller stake than first discussed, sources said....
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Subaru to stop building Camrys for Toyota in Indiana, reports say

12:43 am U.S. ET | Nov. 14, 2013
Subaru, about to achieve five straight years of annual sales records in the United States, will stop building Toyota Camry sedans at its Indiana assembly plant by 2017, according to local media reports....
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PSA-Mitsubishi cooperation unaffected by Renault tie-up

Nov. 7, 2013 10:58 CET
PSA said its industrial cooperation with Mitsubishi will be unaffected by the Japanese automaker's new tie-up with French rival Renault....
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Mitsubishi counts on SUVs, EVs for sales rebound

Nov. 6, 2013 07:29 CET
Mitsubishi will focus on SUVs, EVs and emerging markets under a new business plan that aims to boost global sales by 29 percent. In its European markets, Mitsubishi aims to lift vehicle sales by a third to 160,000....
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Mitsubishi to sell Renault-based mid-sized car in U.S.

3:05 am U.S. ET | Nov. 5, 2013
Mitsubishi will sell a Renault-based mid-sized car in the United States under a new strategic tie-up between Mitsubishi and Renault-Nissan. The companies also plan to jointly develop a small electric car and a compact car for global markets....
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Renault-Nissan expand Mitsubishi tie-up to building new sedans and an EV

Nov. 5, 2013 09:05 CET
Mitsubishi will sell a Renault-based mid-sized sedan in the U.S. under a new strategic tie-up between Mitsubishi and Renault-Nissan. The companies will also jointly develop a small electric car and a compact car for global markets....
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GM, PSA to scale back alliance

Oct. 23, 2013 08:04 CET
General Motors and PSA/Peugeot-Citroen are scaling back their alliance as the French carmaker pursues an investment by China's Dongfeng. A planned joint platform to replace the Peugeot 208, Citroen C3 and Opel Corsa will likely be cancelled....
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PSA wins union backing for cost cuts before possible stake sale

Oct. 21, 2013 14:04 CET
PSA/Peugeot-Citroen is drawing near a deal with unions to cut costs, a key hurdle the automaker must clear before a possible capital increase that will likely involve PSA's Chinese partner, Dongfeng Motor, and the French government....
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PSA-Dongfeng tie-up talks progress slowly, report says

Oct. 19, 2013 09:58 CET
PSA/Peugeot-Citroen's talks on a $4 billion tie-up with Dongfeng are progressing more slowly than the carmaker had hoped, sources said after negotiators returned from meetings in China....
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