Renault expects 5% dip for European car marketMay 16, 2013 09:34 CET  Renault expects the European car market to shrink 5 percent this year over last year, Chief Operating Officer Carlos Tavares said. The French carmaker foresees the European market being "slightly better" in the remaining three quarters of this year than the first three months, when European market sales fell 10 percent after a "very poor performance," Tavares said.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Renault takes aim at VWApril 8, 2013 06:01 CET  Renault says its net prices last year were higher than domestic rivals Citroen and Peugeot. Now the company wants to narrow the gap with Europe's price leader among volume brands: Volkswagen. Carlos Tavares explains how Renault will do this.... Read More »
How Renault's low-cost Dacia has become a 'cash cow'Jan. 2, 2013 06:01 CET  Once considered a risky bet, Romanian automaker Dacia has become Renault's global profit machine. Europeans think of Renault's Dacia lineup as cheap, entry-level models that compete with used cars for sales. But Dacias are built and sold around the world, often badged as Renaults, for handsome prices.... Read More »
VW, Nissan, others look to tap growing demand for budget cars 12:01 am U.S. ET | Jan. 1, 2013  VW's desire to launch a low-cost brand and Nissan's plan to sell Datsuns for as little as 2,300 euros underline the rising interest from automakers to tap demand for budget cars in fast-growing markets to offset falling sales in mature, stagnant markets such as Europe.... Read More »
VW, Nissan, others look to tap growing demand for budget carsDec. 31, 2012 06:01 CET  VW's desire to launch a low-cost brand and Nissan's plan to sell Datsuns for as little as 2,300 euros underline the rising interest from automakers to tap demand for budget cars in fast-growing markets to offset falling sales in mature, stagnant markets such as Europe.... Read More »
Renault eyes Tata Nano rival, report saysNov. 21, 2012 10:06 CET  Renault aims to grow its market share in emerging markets with the launch of two low-cost vehicles, one of which would challenge the Tata Nano in India, a French news Web site reported. The two models, priced at 3,000 euros and 5,000 euros ($3,800 and $6,400), will be less expensive than models from the automaker's budget Dacia brand.... Read More »
Renault, Caterham JV will revive Alpine brandNov. 5, 2012 12:34 CET Renault and UK sports car maker Caterham Group will form a joint venture to develop sports cars and plan to launch one model each within four years. The deal will revive Renault's Alpine sports car brand, which ceased production in the 1990s.... Read More »
ANE EXECUTIVE EDITION Renault COO wants automaker to do more with less to cope with Europe declineOct. 17, 2012 06:01 CET  Renault Chief Operating Officer Carlos Tavares wants his employees to view the automaker as a family business because that way they will think twice before spending money foolishly. Since volatility is the new normal, Tavares says that everyone needs to do more with fewer financial and human resources. Tavares discussed these topics and more with Automotive News Europe Editor-in-Chief Luca Ciferri.... Read More »
Europe hit by biggest car sales drop in almost 2 yearsOct. 16, 2012 10:04 CET  European new-car sales plunged the most in almost two years, with Renault and Fiat posting the steepest declines, as the region's sovereign-debt crisis led to reduced demand in Germany, its largest economy.... Read More »
JASON STEIN Europe's auto collapse feels like a rerun 12:01 am U.S. ET | Oct. 8, 2012  Dealers can't finance their floorplan. Incentives are running at 30 percent as sales hit historic lows. Some companies are stockpiling inventory just to keep the factories running. Cash is burning. Detroit, circa 2008? Yes and no Jason Stein is editor of Automotive News.... Read More »
Renault seeks French labor deal to cut costs, Tavares saysSept. 27, 2012 16:57 CET Renault will ask unions for a new nationwide deal on pay and conditions to avert plant closures and mass layoffs of the kind announced by troubled rival PSA/Peugeot-Citroen, Chief Operating Officer Carlos Tavares told Reuters.... Read More »
Renault close to announcement on high-end models, minister saysAug. 27, 2012 09:21 CET  Renault is close to making an announcement relating to the launch of high-end models, French Industry Minister Arnaud Montebourg said in an interview. This follows comments last month by Renault COO Carlos Tavares, who said the carmaker may launch an upscale brand, Initiale Paris, first as a subbrand and then as a stand-alone brand similar to alliance partner Nissan's Infiniti luxury marque.... Read More »
Renault may develop EV batteries with LG in FranceJuly 27, 2012 11:16 CET Electronics group LG Corp may produce electric vehicle batteries for Renault in France. Renault is conducting joint research with the South Korean company and France's CEA energy research institute aimed at manufacturing next-generation batteries in the country, COO Carlos Tavares said.... Read More »
Renault may get a luxury brand like Nissan's Infiniti, COO Tavares saysJuly 24, 2012 06:01 CET  Renault may launch its upscale Initiale Paris subbrand in two phases, Chief Operating Officer Carlos Tavares said. The first phase would see the French automaker adding premium content to its volume models and tweaking their design to sell them under the new subbrand.... Read More »
Renault's Pelata quits 15 months after botched espionage probeJuly 19, 2012 11:46 CET  Patrick Pelata, who stepped down as Renault's COO more than a year ago after a botched espionage investigation, will leave the company next month. Pelata, 56, is scheduled to depart effective Aug. 16 to pursue opportunities outside the Renault-Nissan alliance.... Read More »
AUTOMOTIVE NEWS EUROPE CONGRESS AND RISING STARS Talks and tributes 12:01 am U.S. ET | July 2, 2012  Automotive News Europe honored its 2012 Rising Stars during a gala dinner at the Monte Carlo Sporting Club in Monaco on June 20. The second annual Rising Stars awards recognized young, talented auto leaders in Europe who have driven change, fostered innovation and made courageous decisions.... Read More »
European scrappage schemes are not the answer, Fitch saysJune 20, 2012 06:01 CET Reintroducing European car-scrappage schemes would provide a short-term boost to sales, but may be damaging in the long run, Fitch Ratings said. As regional demand continues to suffer from ongoing economic difficulties and overcapacity, there are calls to bring back trade-in subsidies, which helped boost sales during the last major economic downturn.... Read More »
Renault mulls upscale brands, further expansion as Europe sales fadeJune 19, 2012 06:01 CET  Renault is considering adding two upscale brands and further expanding in emerging markets to decrease the automaker's reliance on Europe's shrinking volume car market, the carmaker's Chief Operating Officer Carlos Tavares said.... Read More »
2012 AUTOMOTIVE NEWS EUROPE CONGRESS European execs assess a market in turmoilJune 19, 2012 06:01 CET  The European auto industry has been rocked by overcapacity, high debt and lagging sales. What does this mean for the future of the car business? Speakers at the 15th annual Automotive News Europe Congress will explore the industry's toughest issues and provide some solutions.... Read More »
NEWS ANALYSIS Crisis in Europe 12:01 am U.S. ET | June 18, 2012  It was obvious to Sergio Marchionne last summer that a day of reckoning in Europe was near. Last week, an avalanche of restructuring announcements showed that Marchionne seems to have the right polish on his crystal ball. Europe has run out of time.... Read More »
BRUCE GAIN Cancelled Clio event is latest indication of Renault's belt-tightening 12:01 am U.S. ET | June 15, 2012  Renault's decision to cancel next month's press event for the launch of its new Clio is just one of many cost-cutting moves that the automaker will make as it seeks to weather the worsening storm in Europe's car markets.... Read More »
GM closing factory in Germany is just the beginning, experts sayJune 14, 2012 07:49 CET  GM, moving toward the first shuttering of a German auto factory since World War II, is only addressing a fraction of the European supply glut. Overcapacity in western Europe may more than double to about 2 million vehicles in 2012 as the region's car market heads toward its fifth-consecutive decline in new-car sales.... Read More »
France studying aid for car sector, industry minister saysJune 13, 2012 12:31 CET  France is considering giving financial support to the car industry, Industry Minister Arnaud Montebourg said in response to a call for aid from Renault. "We're working in that direction," Montebourg said when asked about possible assistance for automakers at a press conference today in Paris. Renault and rival PSA are struggling with excess capacity as demand for new vehicles shrinks across Europe.... Read More »
European execs assess a market in turmoilJune 5, 2012 06:01 CET  The European auto industry has been rocked by overcapacity, high debt and lagging sales. What does this mean for the future of the car business? Speakers at the 15th annual Automotive News Europe Congress June 20-21 in Monte Carlo will explore the industry's toughest issues and provide some solutions.... Read More »
European execs assess a market in turmoil 12:01 am U.S. ET | June 4, 2012  The European auto industry has been rocked by overcapacity, high debt and lagging sales. What does this mean for the future of the car business? Speakers at the 15th annual Automotive News Europe Congress June 20-21 in Monte Carlo will explore the industry's toughest issues and provide some solutions.... Read More »
|
