Tag Archives: renault-nissan

Giant Sucking Sound – Nissan and Daimler to Build Luxury Cars in Mexico under new Joint Venture

The new plant will be built close to an already existing Nissan plant, and will have an annual capacity of 300,000 vehicles when completely operational. Many of the common platform luxury models – 2017 Infiniti, 2018 Mercedes-Benz – will of course be headed in the U.S. under the job destroying NAFTA deal. Continue reading

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Renault Profits Climb to €583 Million despite Eurozone Crisis

Renault posted a profit of €583 million in the first half of 2013 in the face of the Eurozone crisis. The unexpected positive increase of 15% in earnings compared to last year came as Group revenues of 20,441 million dropped – 0.9% compared to the first-half 2012. Automotive operational free cash flow was negative at -€31 million with an automotive net cash of €732 million at end of June 2013. Continue reading

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Renault-Nissan Open an Automotive Electronics Office

Buyers aged 35 and under who grew up with myriad consumer-electronic-devices are particularly vocal about the design failures of automotive electronics. This is a growing problem for the product development departments of automakers that are largely managed by older white males. Continue reading

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Renault-Nissan Take Control of Russian Automaker Avtovaz

Total auto industry volume in Russia last year was 2.65 million vehicles, including light commercial vehicles. Volume in 2012 is expected to be 2.9 million units. The economy went through a bubble and subsequent collapse a few years back, and Lada has been steadily losing share all through the recession. Continue reading

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Renault-Nissan to Open Silicon Valley Office

Renault-Nissan will open a research office later this month in the heart of Silicon Valley, directly across from Google. Small teams will initially work on vehicle IT development, advanced engineering research and technology recruitment. Continue reading

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