Business

UPDATE: Nissan CEO Pledges to Help Fix Renault Alliance

June 25, 2019 at 12:02 PM

Nissan Motor Co. CEO Hiroto Saikawa has assured shareholders that the company will seek ways to repair its alliance with Renault SA, according to Bloomberg News.

Trade Fears Temper Optimism Among U.S. Manufacturers

June 25, 2019 at 12:49 AM

Worries about sweeping U.S. tariffs on imported cars and uncertainties about trade deals eroded optimism among U.S. producers in April-June, says the National Assn. of Manufacturers.

Key Meetings May Revive Renault, FCA Merger Talks

June 24, 2019 at 11:46 AM

Whether Renault and Fiat Chrysler Automobiles revive merger talks could hinge on the outcome of two meetings this week over Nissan’s view of the deal, The Wall Street Journal says.

Mitsubishi Motors to Sell Stake in Chinese Engine Venture

June 24, 2019 at 1:44 AM

Mitsubishi Motors Corp. intends to sell its 15% stake in China-based Harbin Dongan Auto Engine Co. by March, according to The Nikkei.

SAIC to Assemble MG-Brand Cars in Egypt

June 21, 2019 at 10:48 AM

China’s SAIC Motor Corp. plans to both import and locally assemble MG-brand cars in Egypt.

Report: Hyundai to Partner with Aramco on Hydrogen

June 20, 2019 at 5:01 PM

Hyundai Motor Co. and Aramco, the world’s largest oil company, will launch a broad partnership next week to develop hydrogen-based businesses, sources tell The Korea Herald.

Renault Backs Nissan’s Management Reforms

June 20, 2019 at 3:13 PM

Renault SA says it supports a Nissan Motor Co. offer to give it greater presence in the Japanese carmaker’s proposed new management oversight committees.

Renault Refuses to Cut 43% Stake in Nissan

June 20, 2019 at 8:59 AM

Renault CEO Thierry Bollore says the company has no intention of reducing its 43% holding in alliance partner Nissan Motor Co.

Top French, Japan Leaders to Discuss Renault-Nissan Alliance

June 19, 2019 at 10:13 AM

French President Emmanuel Macron and Japan Prime Minister Shinzo Abe will meet next week to discuss the future of the troubled Renault-Nissan alliance.

Geely Chooses Zenuity for Autonomous-Car Software

June 19, 2019 at 8:49 AM

China’s Geely Auto Group has selected Sweden’s Zenuity AB as its preferred supplier of software for driver-assist and autonomous vehicle software.

Is the Renault-Nissan Alliance Collapsing?

June 19, 2019 at 7:32 AM

Several joint business operations shared by Renault SA and Nissan Motor Co. during their 20-year-old alliance are being shut down, sources tell the Financial Times.

Nissan Offers Board Committee Compromise to Renault

June 18, 2019 at 5:19 PM

Nissan Motor Co. hopes to defuse a conflict with Renault SA by offering new board assignments to the French carmaker’s two top executives, The Nikkei says.