Carlos Ghosn has been re-elected to serve as CEO and Chairman of Renault for another four years. In a prepared statement, the company announced that “Renault’s board of directors has re-elected Carlos Ghosn as Chairman and Chief Executive Officer for a four-year period, following the renewal of his directorship by the Annual General Meeting of...
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The future is nearly here. Better Place, a company devoted to developing rapid battery swap systems, will have its first station on-line by May 2010. According to Green Car Advisor, the first Tokyo station will serve Nihon Kotsu, one of the city’s largest taxi firms. “These taxis average about 300 kilometers a day each, so...
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At a press conference earlier today a new partnership between Mercedes parent company Daimler and Renault/Nissan was announced that will see all three automakers working together to develop new products, while reducing overall costs. The partnership will see the German, French and Japanese automakers work together on future small car projects, engines and commercial vehicles....
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German automaker Daimler AG and French car manufacturer Renault have reportedly agreed on a new business strategy that will see both parties create a global small-car alliance, sharing development costs and technology. Details of the deal are set to be announced tomorrow in Brussels with Daimler CEO Dieter Zetsche and Renault-Nissan Boss Carlos Ghosn taking...
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Dr. Dieter Zetsche, CEO of Mercedes-Benz parent company Daimler has said that the company will announce a small car partner mid way through 2010. Daimler has been in talks with French automaker Renault, with rumors that the two may partner on a new line of small cars and electric city cars. This partnership could also...
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Renault may be planning a return to North America, a market that it has been absent from since 1987. The news comes from a report in the Wall Street Journal, where Renault’s entry-level vehicle boss, Gerard Detourbet, admitted to the possible re-introduction of the French brand; a move that hinges on the success of the...
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If all goes as planned the Penske-owned Saturn brand could be selling rebadged vehicles from French automaker Renault in the U.S. Thought to be a wild rumor at first, Renault has now confirmed that Penske has in fact approached the automaker to supply both parts and cars. Currently Penske Automotive Group has a tentative deal...
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General Motors has reached an agreement with the Penske Automotive Group on the sale of its Saturn brand. An official announcement is expected to be made by both parties later today. The Penske Automotive Group was thought to be one of the front-runners in the bidding war, which also reportedly included Nissan/Renault, Mitsubishi and investment...
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The possibility that Penske Automotive Group may in fact purchase the Saturn brand from General Motors has just increased significantly. Penske has acquired the services of former Chrysler President Tom LaSorda as an adviser on the bid. Penske is the second largest dealership group in the U.S. and also distributes the SMART brand of cars...
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The sale of Saturn to Nissan-Renault could see cars like this Mégane Renault Sport roaming U.S. streets. The rumor mill keeps churning out new and exciting candidates interested in buying GM’s Saturn brand. The most recent speculation is that Nissan/Renault might be interested. The Wall Street Journal is reporting the Nissan-Renault interest in Saturn, while...
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