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Rumors of New Renault-FCA Talks Boost Stock

Rumors of New Renault-FCA Talks Boost Stock

Shares of Fiat Chrysler Automobiles jumped 3.44% in the U.S. and Renault increased 4.18% in Paris after an Italian newspaper reported that the two automakers are holding talks again about a possible merger. Even though talks between the two automakers broke down...
Renault Could Try to Woo Back Fiat Chrysler

Renault Could Try to Woo Back Fiat Chrysler

Nissan has raised the possibility that it now would be open to a merger between alliance partner Renault and Fiat Chrysler Automobiles, according to a new report, but whether FCA would be willing to revive talks with the French automaker is far from certain. In May,...
Renault, Bosch Sounds New Alarms on Auto Industry

Renault, Bosch Sounds New Alarms on Auto Industry

French automaker Renault and German auto supplier Robert Bosch GmbH are pointing to a broad slowdown in the global auto industry. Renault warned the company’s revenue may decline this year as it revised its guidance, after first-half profit was hit by weakening car...
Nissan Job Cuts Go Deeper Than Expected

Nissan Job Cuts Go Deeper Than Expected

Nissan will slash 12,500 jobs worldwide, significantly more than earlier reports from Japan had indicated. The company also plans to reduce its production capacity by 10% over the next three years, while eliminating 10% of its current model mix. “Our situation right...
Chinese EV Sales Defy Overall Market Slump

Chinese EV Sales Defy Overall Market Slump

It’s been a busy week for automotive dealmakers in China. Both Renault and Toyota have lined up new joint ventures that will allow them to significantly expand their production in battery-electric vehicles in what is now the world’s largest market for BEVs. And...
Mitsubishi Shareholders Vote to Remove Ghosn as Chairman

Mitsubishi Shareholders Vote to Remove Ghosn as Chairman

Carlos Ghosn is out of his last job: Mitsubishi Motors Corp. shareholders voted to approve his removal as chairman of the company. Ghosn was the head of the Renault-Nissan-Mitsubishi Alliance until he was arrested last fall on charges of financial misconduct. The vote...