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Posts Tagged ‘Nissan/Renault’

Ghosn Concedes Nissan/Renault Won’t Make EV Goals

Blames lack of infrastructure for missing 1.5-million vehicle target.

by on Nov.11, 2013

Renault-Nissan Alliance CEO Carlos Ghosn said he believes a lack of infrastructure is to blame for missing his target of selling 1.5-million electric vehicles.

Nissan/Renault won’t meet Chief Carlos Ghosn’s ambitious goal of selling 1.5 million electric vehicles by 2016. In fact, it will not even be close.

The Japanese/French automotive alliance will miss that target by more than 1 million vehicles as it has sold about 120,000 EVs, most of them Nissan Leafs. Ghosn now believes it will take much longer to reach the 1.5-million unit goal.

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“We will not be there. At the speed right now, I’m seeing it more four or five years later,” he said in an interview with Financial Times. During the Frankfurt Motor Show in September, Ghosn said he believed that EVs would account for 10% of all new vehicle sales at some point in the future with the right level of support from governments in China, the U.S. and Europe. (more…)

Renault-Nissan Alliance to Partner Up with Mitsubishi

Team of three may develop small car to sell globally.

by on Nov.05, 2013

Nissan/Renault is considering adding a third partner: Mitsubishi, according to Carlos Ghosn.

The long-running alliance between French automaker Renault and Japan’s Nissan could soon get a little bit larger as the partners explore a possible tie-up with another Japanese maker, Mitsubishi Motors.

The proposed alliance would cover a number of different product segments and include the development of new electric vehicles, an emerging market niche into which Renault and Nissan have already invested billions of dollars to develop and produce vehicles like the Leaf battery-electric vehicle.

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“Nissan and Mitsubishi Motors have jointly benefited from several collaborations in the past,” noted Carlos Ghosn, who serves as CEO at both Nissan and Renault. “I welcome the direction being taken towards this broader cooperation, creating new opportunities for Renault in addition to further leveraging the productive relationship between Nissan and Mitsubishi Motors.”   (more…)

Nissan, Mitsubishi Expand Ties

Makers plan to swap more products, including new version of Mitsu Diamante; unclear if Americans will see the results.

by on Sep.23, 2011

Mitsubishi will get a version of the Infiniti M to replace its old Diamante.

Few automakers are more intent on partnering with the competition than Nissan, which is stepping up its cooperative alliance with erstwhile rival Mitsubishi just two weeks after confirming plans to significantly increase its ties to Germany’s Daimler AG.

Nissan and Mitsubishi first agreed to help fill holes in each others’ product line-up in December 2010.  They will now expand the number of vehicles covered by that deal, they confirm.  Among other things, Nissan will get a new battery-powered commercial vehicle, while Mitsubishi will get a replacement for its flagship passenger car, the Diamante.

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The expanded alliance focuses on the two makers’ home market, a jointly-issued statement declaring, “These initiatives are intended to strengthen the competitiveness of both companies in Japan.”

It is unclear whether any of the products developed under the partnership will be marketed outside Japan.

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Ghosn Goes Biblical?

Are automakers facing Old Testament's seven lean years?

by on Jan.28, 2009

Carlos Ghosn sees Old Testament wrath facing auto industry.

Carlos Ghosn sees Old Testament wrath facing auto industry.

Dire forecasts continue to proliferate around the car business but the prize probably goes to Renault-Nissan Carlos Ghosn, who is warning that the global automakers are facing the equivalent of the Old Testament’s seven lean years.

Ghosn warned during an economic conference in Saudi Arabia that, “This is going to be a long recession.,” He predicted world auto sales would fall to 55 million vehicles in 2009, a decline of almost 14 percent, compared to 63 million in 2008. The trend was certainly set, in 2008, with sales down 9 percent from the 69-million figure of 2007.

“We are the first victim of the financial meltdown,” Ghosn said. The global financial crisis had slashed credit for car buyers, two-thirds of whom buy on credit, Ghosn noted.  The recovery would not take place before 2011 and it could take as long seven years before sales reached the pre-recession peak, he added.

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