Renault
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GM has picked Penske Automotive Group as the buyer for Saturn. Click here for all the details. GM's preparations for bankruptcy means the company is looking to sell as many of its 'bad' assets as possible in order to raise capital and streamline operations. One of these is the Saturn brand, which the automaker confirmed would be sold by the end of the year and has already drawn several potential buyers. One of those potential buyers is Roger Penske, the owner of the second-biggest U.S. dealer association Penske Automotive Group. Penske confirmed last month that he has an interest in the...
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Ghosn: Nissan to grow its connections with Renault to help boost earnings
Just days after reporting its first loss since Carlos Ghosn took the helm in 1999, Nissan is looking for ways to get back on track, and Ghosn thinks that means tightening its relationship with Renault. More cooperation could mean lower total costs and therefore more profitability, but the specifics...
Ralph Hanson -
Renault joins Ferrari, threatens to quit F1 in 2010
As was expected on Wednesday, Renault confirmed that it too is threatening to quit formula one over the budget cap issue. The Flavio Briatore-led outfit said it is the two-tier element of Max Mosley's 2010 rules that has caused its French parent to "reconsider its entry in next year's" world...
Ralph Hanson -
Nissan loses $2.4 billion in 2008, Mazda down $736 million
Renault-Nissan CEO Carlos Ghosn has often been praised for his job turning around the two companies nearly a decade ago, and since then Nissan has shown nothing but profits. But in 2008, Nissan returned its first loss in 8 years, showing $2.4 billion in the red. Operating losses were a somewhat...
Nelson Ireson -
Renault unveils the Kangoo be bop ZE electric demonstrator
The Internet is awash with electric vehicle demonstration vehicles, but few have as much oddball spark as the new Kangoo be bop ZE. Based around the standard be bop, but with zero emissions (hence the ZE) capabilities, the car is to be used as a test vehicle to show off what its EV platform can do...
Ralph Hanson -
Renault releases new photos of Clio RS ahead of UK launch
Renault just unveiled the brand-new Clio in February and barely a month later it was out with the hotted-up Renaultsport (RS) variant in Geneva. The car features many of the same performance upgrades found on bigger brother the Megane RS, but in a more compact and peaky package. Now we have a new...
Nelson Ireson -
First shown off as a concept at the 2007 Frankfurt Motor Show, Renault's Twingo CC (coupe-cabrio) was expected to make it to production in 2008. Delays have hit the little car's development, but Renault is adamant it will be launched by the end of next year. "We are working on a small convertible for 2010," Renault's deputy vice president of the small-car segment Yves-Eric Morel revealed to Automotive News. "It's going to be a niche vehicle, and like any niche vehicle, the objective will be to do something different, that gives a boost to the brand's image." This means that the car will have...
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Government preparing for possible Chrysler bankruptcy
As the April 30 deadline for Chrysler to restructure its business looms closer, the Treasury department has begun to prepare a bankruptcy filing for the struggling carmaker. The news highlights the severity of Chrysler's situation should it fail to enact a deal with Italian auto giant Fiat, but the...
James Martinez -
Chrysler creditors offer to swap debt for equity
Chrysler's race to turn its debts into equity took a major turn for the better today, with an offer from a group of banks and hedge funds that hold almost $7 billion in debt. The group is proposing to exchange around $2.5 billion of Chrysler's debt, but only in exchange for close to 40% of the...
James Martinez -
3 Chrysler plants under consideration for Fiat re-tooling
Negotiations between Chrysler and Fiat regarding an alliance have now turned to production capabilities, and an anonymous source has revealed that three Chrysler plants are under consideration for possible re-tooling, at which point they will build Fiat vehicles, as well as Chrysler-badged vehicles...
Ralph Hanson -
Arizona joins growing list of states for Renault-Nissan EV pilot program
Nissan's electric vehicle (EV) involvement in Project Better Place programs in Denmark and Israel, plus test fleets in its home market of Japan will be joined by a new agreement with the state of Arizona. The deal will have cars hitting the streets of Phoenix late next year, and will see...
James Martinez -
Mazda's ex-head of design goes to Renault
In the seemingly never-ending merry-go-round of the automotive design world, the latest update is Laurens van den Acker's arrival at Renault. Last month van den Acker resigned from his post at the head of Mazda's design operations, but did not reveal his plans for the future. Now van den Acker will...
Nelson Ireson -
At the end of March the President's task force on the industry put a 30-day window on Chrysler and Fiat reaching an alliance agreement. Just hours later Chrysler announced the two companies had signed off on the deal. That turned out to be premature, but the deal is still being developed, with new details of how it will be structured emerging today. A series of benchmark targets for Fiat and Chrysler cooperation would gradually increase Fiat's stake in Chrysler, allowing it to grow the initial 20% stake that has been previously confirmed as the starting point of a Chrysler-Fiat alliance...
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Renault launches new 'Black Edition' Laguna Coupe
Renault has just launched a new 'Black Edition' of its Laguna Coupe, a practice that carries on from the earlier special editions produced for the Laguna sedan and estate variants. The package includes special metallic paint available in Pearlescent Black, Cassiopée Grey and Platine Grey. Other...
Ralph Hanson -
Renault-Samsung previews new SM3 sedan with Seoul Motor Show concept
Most of the world would recognize Samsung as the South Korean electronics giant famous for manufacturing televisions and mobile phones, but the company has also branched out into the world of building cars together with Renault-Nissan in recent years. Around this time last year we reported that...
Jeremy Weber -
Jeep’s future will likely include compact Fiat Panda Cross
Following the announcement of the proposed alliance between Fiat and Chrysler in January, the question on everybody’s lips was which European top-sellers were finally going to come to North America. Stylish compact cars like the Fiat 500 and Bravo were suddenly a very real possibility for...
Ralph Hanson -
Nissan reviewing U.S. diesel plans
Diesel engine sales have stagnated in the U.S. due largely to lingering perceptions of the clattering, foul smelling contraptions of the 1970s and earlier. It hasn’t helped that many carmakers have been reluctant to even offer them because of the relatively high cost of emissions...
James Martinez -
Fiat and PSA Peugeot-Citroen deny merger rumors
Fiat Group, Chrysler and its parent company Cerberus Capital Management in January released a joint statement announcing they had signed a non-binding term sheet to establish a global strategic alliance. The alliance, a key element of Chrysler’s viability plan, would provide the American...
Kenneth Hall -
The best way to make a small fortune in motorsports? Start with a large one. Yes, the old adage is true as ever, but it need not always be, at least in a few cases. The Renault Sport Experience is one way to get some track time on the cheap, and it's getting ready to hit some of the most famous tracks throughout Europe. The 2009 Renault Sport Experience merges the Renault Sport Enthusiast Days, which has been going on each year since 2005, with the Twingo Renault Sport Driving Tuition Days. The end result: you can get on track in a Clio Cup car for just €30 ($38.50). Existing Renault...
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Nissan announces new EV program in Tucson, Arizona
ECOtality has partnered with Nissan and the Pima Association of Governments to bring a new zero-emissions initiative to the Tucson, Arizona region. By pairing prototype EVs and a new charging network, Nissan hopes to further expand its development of practical research into widespread use of...
Ralph Hanson -
Renault reviving Gordini name for new in-house tuner
Following news that Renault has scrapped plans to bring back its legendary Alpine name for a new standalone sports car, hope has been reignited with comments from one of the carmaker’s senior executives that the Gordini name will be revived instead. For those unfamiliar with the French...
Kenneth Hall -
Renault Officially Lifts The Curtain On The Megane RS
Ever since the unveiling of the Megane Trophy race car late last year, Megane fans have been eagerly awaiting to see what Renault engineers have in store for the watered down road-going version. Today, the all-new 2010 Megane RS has been revealed. The car is the successor to the popular Megane R26...
Alex Kaufmann -
Dacia envisages low cost crossovers with new Duster concept
For many readers of this site the Dacia name will be largely unknown but those in the know will immediately recognize it as Renault’s budget brand for emerging markets. For years the Dacia name could only be found on a limited range of econo sedans but lately it has been showing up at...
Viknesh Vijayenthiran -
Renault considers axing Laguna following 78% profit drop
Renault is the latest carmaker to succumb to the pressures of the global economic crisis, announcing this week a massive 78% drop in profits - down to $769 million - as well as a 4% drop in global sales. Speaking at the profit warning press conference, CEO Carlos Ghosn described the economic...
Kenneth Hall