Tag Archives: ghosn

Renault Nissan Establish Joint Innovation Hub in China

he Alliance Automotive Research and Development (Shanghai), Ltd., dubbed as Alliance Innovation Lab Shanghai (AIL-SH) has Renault and Nissan each hold 50% of this new entity. It conducts research and development on autonomous drive, connected vehicles and electric vehicles. Technologies pioneered by the innovation hub will be potentially applied to Renault and Nissan vehicles sold in China and around the world. Continue reading

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Ghosn Fallout – Nissan Board Changes

Nissan claims that building the best possible corporate governance structure as an urgent task and is working on swift implementation of a new organization. The company is now preparing an internal system to enable transition by the end of June, in expectation of receiving shareholder approval at the scheduled Annual General Meeting of Shareholders. Continue reading

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Renault Board Investigation Backs Ghosn. Governance Measures Stay in Place. Compensation Controversy Ongoing

Their preliminary conclusion is that the compensation of Carlos Ghosn, Chairman and Chief Executive Officer of Renault and the conditions under which such compensation was approved followed applicable law as well as the recommendations of the *AFEP-MEDEF. The Board of Directors decided to maintain the current governance measures established on November 20, 2018. Continue reading

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Renault Nissan Sets Sales Record in 2012 Despite EU, Asian Drops

In 2012, global sales of all zero-emission vehicles across the Alliance were 43,829 units, up 83.8% from 2011 as Nissan LEAF sales increased worldwide and Renault launched two more EVs. The Alliance’s worldwide zero-emission market share stood at 64%, excluding Twizy, Renault’s two-seater urban commuter. Since sales began in December 2010 to the end of 2012, the Alliance sold 67,723 zero-emission vehicles globally. Billions of dollars are at stake for shareholders in this EV investment that is thus far behind its original sales goals. Continue reading

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Nissan and Daimler to Build Engines in Tennessee

For years Mercedes-Benz sold gas guzzlers in the U.S., paying millions in fines – passed on to customers – for its flouting of CAFE regulations. Much higher fines under the latest CAFE standards and growing pro-environmental standards globally makes this a risky strategy going forward. Continue reading

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Nissan Posts Profit of ¥537.5 Billion for Japanese Fiscal Year

The Nissan financial results also surpassed those of Japan’s largest automaker, the Toyota Motor Corporation, which reported sales of 7.308 million cars and trucks and a profit of $6 billion yesterday. Continue reading

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Renault Group Reveals Its 2016 Plan – Largely Outside Europe

The plan is heavily dependent on cost cutting, growth in emerging markets, and success of electric vehicles. In a statement that disappointed analysts, and sent the stock price down, Ghosn dismissed out of hand a merger with Nissan, claiming it was culturally impossible. Continue reading

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