Nissan plans to invest JPY50bn (US$554m) to increase electric vehicle battery production for French partner Renault, according to the Nikkei newspaper on Tuesday.
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Renault SA and its partner Nissan Motor Co.
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Red Bull will continue to use Renault engines in 2009, after contemplating switching to Mercedes or Cosworth.
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Mighty new Scirocco R vs original, top 40 cars that hold their value, electric Renault's driven, BMW's Fiesta
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Renault Chief Operating Officer Patrick Pelata said the company was backing near-bankrupt Russian carmaker AvtoVAZ with financial support for a shake-up, but had refused Russian demands for a big cash injection
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Renault will help near-bankrupt AvtoVAZ financially as part of the Lada carmaker's shake-up, but it won't be anywhere near as much as Moscow has asked for, chief operating officer Patrick Pelata said.
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Hails stylish new design direction for firm.
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Renault's falling sales in India and Russia and tension with its partners underline the risks of auto sector tie-ups and suggest that an infusion of technology, rather than cash, is the solution.
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Renault group revenues declined 11.3% to EUR8.1bn year on year in the third quarter of 2009, a shallower decline than than in the first (-30.8%) and second quarters (-16.9%) but the automaker said orders in the third quarter continued the positive trend of previous quarters and fourth quarter production was expected to be more than 50% higher than the same period of 2008.
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Renault SA said positive trends carried over into the third quarter from the second and sales declined less sharply than earlier in the year.
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Renault SA said positive trends carried over into the third quarter from the second and sales declined less sharply than earlier in the year.
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Renault SA said positive trends carried over into the third quarter from the second and sales declined less sharply than earlier in the year.
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The Renault-Nissan Alliance and the Mexico City Government today announced a partnership that paves the way for the introduction of the Nissan LEAF in Mexico's capital city in 2011.
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Renault has signed its first sponsor in the wake of the crash-gate scandal.
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The Renault-Nissan alliance may also produce batteries for electric vehicles in France, chief executive Carlos Ghosn said.
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Morgan Stanley cut Renault by two notches to its lowest rating, citing pressures from AvtoVAZ, a downside risk to Volvo trucks and a delay in resumption of dividend payment by Nissan. Renault shares fell as much as 5 percent.
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Morgan Stanley cut Renault by two notches to its lowest rating, citing pressures from AvtoVAZ, a downside risk to Volvo trucks and a delay in resumption of dividend payment by Nissan. Renault shares fell as much as 5 percent.
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Renault and Nissan are considering production of batteries for electric cars in France. The alliance has so far announced plans to produce batteries in Japan, the U.S., Portugal and England.
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Renault and Nissan are considering production of batteries for electric cars in France. The alliance has so far announced plans to produce batteries in Japan, the U.S., Portugal and England.
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WORLD EXCLUSIVE: Porsche's new 928, Renaultsport Megane driven, Nissan's new Micra, green car group test special, free 24-page car-guide booklet
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