RenaultCHINA Renault awaiting China OK on production, Ghosn saysMarch 28, 2013 11:51 CET Renault CEO Carlos Ghosn says plans by the automaker to begin car production in China are awaiting final approval from the local authorities. Renault has signed a framework deal with Dongfeng Motor to build up to 300,000 cars annually in the country.... Read More »
LATEST LAUNCHES Renault touts low running costs for Zoe EVMarch 26, 2013 06:01 CET Renault says the new Zoe is the first mass-market EV available at an affordable price with low running costs and a long driving range. The automaker expects the battery-driven hatchback to be the biggest seller among its range of electric vehicles that also includes the Fluence Z.E. sedan, Kangoo Z.E. small van and the Twizy two-seater.... Read More »
PRODUCTION Dacia unions seek new wage deal after strike endsMarch 25, 2013 15:21 CET Dacia unions are negotiating a new work agreement at the Renault unit's plant in Pitesti, Romania, after employees resumed work on Friday following a spontaneous strike over pay.... Read More »
Carlos Ghosn doubles down on $5.2 billion EV bet 12:01 am U.S. ET | March 23, 2013 Carlos Ghosn laid a $5 billion bet in 2009 that the world's next Ford Model T would be electric, and that Nissan would lead a revolution embraced by nations such as Denmark. Three years later, sales of Leaf plug-in vehicles in the Nordic country: 73.... Read More »
PRODUCTION Renault's Dacia output halted by pay strike in RomaniaMarch 20, 2013 16:45 CET Renault's Romanian unit Dacia stopped production as employees went on strike in a dispute over pay, the company said.... Read More »
ELECTRIC CARS Renault CEO Ghosn clings to China for electric car boostMarch 18, 2013 19:10 CET China will save the electric car, Renault-Nissan boss Carlos Ghosn predicts - and with it the vision of battery-powered motoring on which he has staked his credibility. Ghosn has invested a bigger share of his companies' cash into the technology than any other mass-market carmaker.... Read More »
BRUCE GAIN Good outweighs bad in Renault Zoe EV 12:01 am U.S. ET | March 18, 2013 The good things about the Renault Zoe electric car – it's quiet, comfortable and affordable – outweigh the bad, especially for people who drive short distances everyday and have a way to charge the battery at work and home. Those positives could be enough to make it the best-selling EV in Europe by the end of this year.... Read More »
Renault ends work on Mercedes-based flagship sedanMarch 13, 2013 14:48 CET Renault is no longer working with Daimler to develop an upscale sedan for the French automaker. Renault has stopped a feasibility study for the model, based on the Mercedes' E class platform, the automaker said.... Read More »
Renault will build more cars for partners under union dealMarch 13, 2013 15:58 CET Renault will announce plans within months to build more vehicles for Daimler or alliance partner Nissan after reaching a new deal with unions. Renault said it would build 80,000 vehicles annually for the partner brands, helping safeguard French jobs as demand for new cars slumps in Europe.... Read More »
PSA, Renault woo younger drivers with new small SUVsMarch 11, 2013 07:04 CET French automakers aim to win customers in the growing small SUV/crossover segment with the Peugeot 2008 and Renault Captur. Peugeot says the first reaction to the 2008 has been positive.... Read More »
AUTOMOTIVE NEWS EUROPE CONGRESS Learn how to thrive in tough times 12:01 am U.S. ET | March 11, 2013 The head of Renault's entry-level models, Arnaud Deboeuf, will share insights on how Dacia has thrived during Europe's debt crisis at the 16th Automotive News Europe Congress on June 12 in Paris.... Read More »
2012 EUROPEAN SEGMENT LEADERS Premium cars rule in fading European marketMarch 9, 2013 06:01 CET European sales fell by 8 percent to 12.5 million units last year, but that didn't diminish buyers' appetite for premium compact vehicles. Sales of premium medium SUVs grew 24 percent to 407,512 because of strong demand for the Audi Q3 and Range Rover Evoque, according to data from JATO Dynamics.... Read More »
PSA will offer retail banking to raise funds for dealers, auto opsMarch 8, 2013 06:01 CET PSA/Peugeot-Citroen will offer savings accounts through its financing arm to raise funding for dealerships and other automotive operations. PSA is following Renault in setting up a retail banking arm.... Read More »
Renault gains union OK to cut 7,500 jobs, freeze payMarch 6, 2013 14:19 CET Renault can eliminate 7,500 jobs and freeze wages as part of a labor deal offering increased domestic production, after one of the main French unions at the carmaker gave their approval today.... Read More »
2013 GENEVA AUTO SHOW Small SUVs poised to dominate at GenevaMarch 4, 2013 06:01 CET Renault and PSA will use the Geneva auto show as the launching pad for models that are forecast to go to the top of Europe's fast-growing small SUV segment.... Read More »
Renault, French unions close to labor deal, minister saysMarch 3, 2013 13:46 CET Renault and French unions could clinch a labor agreement within days, France's industry minister said. Renault wants unions to accept measures including about 8,000 job cuts.... Read More »
2013 GENEVA AUTO SHOW Dacia will debut new Logan wagon, refreshed DusterFeb. 27, 2013 09:01 CET Dacia will debut a new version of its Logan MCV station wagon, along with a face-lifted Duster SUV, at the Geneva auto show, according to reports.... Read More »
Renault, Nissan will build new plant in India, report saysFeb. 21, 2013 19:46 CET Renault and Nissan will invest about $320 million in a new car assembly plant in India to build Datsuns and low-cost Renault cars, a Japanese business paper said.... Read More »
2013 GENEVA AUTO SHOW Renault Scenic gets SUV look to help maintain minivan leadFeb. 15, 2013 06:01 CET Renault has updated its Scenic minivan with SUV styling in a bid to maintain the automaker's lead in Europe's medium minivan segment.... Read More »
Land Rover, Kia, Audi were Europe 2012 winnersFeb. 15, 2013 06:01 CET European sales declined for the fifth consecutive year in 2012, falling 8 percent to 12.6 million. But not everyone suffered. Kia, Hyundai, Audi, Land Rover and Jeep bucked the downward trend because of fresh models in hot segments.... Read More »
Renault-Nissan, UniCredit create Russia finance ventureFeb. 14, 2013 15:50 CET Renault-Nissan will create a joint venture with Italian bank UniCredit to sell loans to car buyers in Russia. The alliance will have a 60 percent stake in the venture, while UniCredit will hold 40 percent, the companies said in a joint statement.... Read More »
Renault 2012 earnings beat estimates as debt is eliminatedFeb. 14, 2013 08:04 CET Renault eliminated debt at its auto manufacturing unit last year for the first time since its tie-up with Nissan. The company said 2012 earnings before interest, taxes and one-time items were 729 million euros, beating analysts' estimates.... Read More »
Renault, Dacia want to expand in fast-growing market for online car salesFeb. 12, 2013 06:01 CET The Renault and Dacia brands plan to aggressively expand their online car sales, taking advantage of a trend in vehicle retailing that is expected to grow rapidly this decade.... Read More »
Renault and PSA 2012 financial results will put turnaround strategies in spotlightFeb. 11, 2013 17:00 CET The gravity of the French auto industry's crisis will be underlined this week by weak results at PSA/Peugeot-Citroen and Renault, boosting pressure on both for tougher cost-cutting moves.... Read More »
Renault recalls over 60,000 Koleos SUVs in ChinaFeb. 10, 2013 07:49 CET Renault recalled more than 60,000 Koleos SUVs in China because of a faulty fuel sensor, according to China's General Administration of Quality Supervision, Inspection and Quarantine.... Read More »
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