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Even though Carlos Ghosn is in jail in Japan and no longer in charge of Nissan and Mitsubishi, he still holds the chairman position at Renault. But new reports reveal that he'll be stepping down later this week. Reuters has learned from three sources that Ghosn has agreed to resign from Renault. This stems from Renault's largest stockholder, the French government calling for a leadership change. Also, Ghosn's latest request for bail was rejected by a Tokyo court. This comes a couple days before an emergency board meeting at Renault where they will consider appointing outgoing Michelin CEO Jean-Dominique Senard as chairman, and promoting Thierry Bollore as CEO. Renault did confirm the meeting, but a spokesman did not respond to any questions about what will take place at the meeting. The departure of Ghosn at Renault is being seen as the first step of smoothing out the rocky relationship between it and Nissan. As we have reported previously, Renault has been questioning Nissan's rationale of removing Ghosn. Partly this is due to Nissan trying to balance out the relationship between the two companies - Renault has voting power on Nissan's board, but Nissan doesn't have any sort of voting power on Renault's board. Source: Automotive News (Subscription Required), Reuters -
Even though Carlos Ghosn is in jail in Japan and no longer in charge of Nissan and Mitsubishi, he still holds the chairman position at Renault. But new reports reveal that he'll be stepping down later this week. Reuters has learned from three sources that Ghosn has agreed to resign from Renault. This stems from Renault's largest stockholder, the French government calling for a leadership change. Also, Ghosn's latest request for bail was rejected by a Tokyo court. This comes a couple days before an emergency board meeting at Renault where they will consider appointing outgoing Michelin CEO Jean-Dominique Senard as chairman, and promoting Thierry Bollore as CEO. Renault did confirm the meeting, but a spokesman did not respond to any questions about what will take place at the meeting. The departure of Ghosn at Renault is being seen as the first step of smoothing out the rocky relationship between it and Nissan. As we have reported previously, Renault has been questioning Nissan's rationale of removing Ghosn. Partly this is due to Nissan trying to balance out the relationship between the two companies - Renault has voting power on Nissan's board, but Nissan doesn't have any sort of voting power on Renault's board. Source: Automotive News (Subscription Required), Reuters View full article -
After Nissan having a heavy hand in helping to scuttle the potential merger between Renault and FCA, Renault is getting payback by helping to block corporate reforms Nissan is attempting to put in place after the arrest of Carlos Ghosn and poor financial performance by the company. Nissan and Renault are fighting because Nissan abstained from the vote on whether to merge, and following that, the French government did as well. Without the cooperation of the French government, FCA pulled out of the deal. Renault holds 43.4 percent of Nissan and is upset with the representation they would have on the board and committees under the current plans. The French company says that their abstention from voting is not final and can change pending changes to the proposals. Meanwhile, rumors say that FCA and Renault are still looking for ways to salvage the merger while Nissan is pressuring Renault to reduce their holdings in Nissan. Nissan has been seeking more autonomy from Renault ever since the Ghosn scandals. -
After Nissan having a heavy hand in helping to scuttle the potential merger between Renault and FCA, Renault is getting payback by helping to block corporate reforms Nissan is attempting to put in place after the arrest of Carlos Ghosn and poor financial performance by the company. Nissan and Renault are fighting because Nissan abstained from the vote on whether to merge, and following that, the French government did as well. Without the cooperation of the French government, FCA pulled out of the deal. Renault holds 43.4 percent of Nissan and is upset with the representation they would have on the board and committees under the current plans. The French company says that their abstention from voting is not final and can change pending changes to the proposals. Meanwhile, rumors say that FCA and Renault are still looking for ways to salvage the merger while Nissan is pressuring Renault to reduce their holdings in Nissan. Nissan has been seeking more autonomy from Renault ever since the Ghosn scandals. View full article
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Fiat Chrysler Automobile has abruptly pulled back on their merger offer with Renault after the second day of negotiations came to a close. The Wall Street Journal reports that Renault's partner, Nissan declined to support the deal according to sources. During a vote today on the Renault board, the two Nissan representative abstained, raising concerns for both FCA and Renault that Nissan would back out of the alliance. This, in turn, caused the French Government (major stakeholder in Renault), to not pledge its support of the deal. The government asked for a delay on the vote until Nissan would guarantee that it would continue with the alliance. The falling of these dominos prompted FCA to withdraw their offer. The move is a heavy blow as FCA had reached a tentative agreement with the French Government on the merger according to two sources speaking to Reuters. FCA, Renault, and the French Government declined to comment. We'll update this story if any new details come to light. Source: Automotive News (Subscription Required), Bloomberg, Wall Street Journal (Subscription Required) -
Fiat Chrysler Automobile has abruptly pulled back on their merger offer with Renault after the second day of negotiations came to a close. The Wall Street Journal reports that Renault's partner, Nissan declined to support the deal according to sources. During a vote today on the Renault board, the two Nissan representative abstained, raising concerns for both FCA and Renault that Nissan would back out of the alliance. This, in turn, caused the French Government (major stakeholder in Renault), to not pledge its support of the deal. The government asked for a delay on the vote until Nissan would guarantee that it would continue with the alliance. The falling of these dominos prompted FCA to withdraw their offer. The move is a heavy blow as FCA had reached a tentative agreement with the French Government on the merger according to two sources speaking to Reuters. FCA, Renault, and the French Government declined to comment. We'll update this story if any new details come to light. Source: Automotive News (Subscription Required), Bloomberg, Wall Street Journal (Subscription Required) View full article
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The merger between FCA and Renault has crossed another hurdle overnight with FCA agreeing to a compromise with the French government. The issue surrounded the French government's desire for a guaranteed seat on the company's board of directors and effective veto power on CEO appointments. In a compromise, Renault would give up one of its own board seats for one occupied by a representative of the French government. The makeup of the board would then be 4 seats allocated to FCA appointees, three to Renault appointees, and one to the French government. France is Renault's largest shareholder with a 15% stake in the company. Additionally, Renault would give up one of its two seats on the 4 member CEO selection committee to the French government. The new proposal goes to Renault's board for consideration. -
The merger between FCA and Renault has crossed another hurdle overnight with FCA agreeing to a compromise with the French government. The issue surrounded the French government's desire for a guaranteed seat on the company's board of directors and effective veto power on CEO appointments. In a compromise, Renault would give up one of its own board seats for one occupied by a representative of the French government. The makeup of the board would then be 4 seats allocated to FCA appointees, three to Renault appointees, and one to the French government. France is Renault's largest shareholder with a 15% stake in the company. Additionally, Renault would give up one of its two seats on the 4 member CEO selection committee to the French government. The new proposal goes to Renault's board for consideration. View full article
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A Nissan executive who has declined to be identified is upbeat about the possible FCA-Renault merger according to a report by AutoBlog. The deal, estimated at about $35 billion, would not give FCA the right to use Nissan technology via the Nissan-Renault alliance. The executive said he was optimistic about possible synergies of using Nissan's green and electric vehicle know-how in other vehicles. He also raised the possibility that Nissan could increase its stake, currently 15%, in Renault or FCA-Renault. Without increasing their stake, Nissan's share of the resulting company would be cut to 7.5%. FCA-Renault however, would continue to hold 43.4% of Nissan. Examples of some of the sharing could be Nissan's advanced engine technology currently used in Infiniti as a possible benefit for Alfa Romeo and Jeep. FCA and Renault for their part are still negotiating with each other and with the French government which wants job and production guarantees. Renault is said to have a decision on the merger by end of this week. -
A Nissan executive who has declined to be identified is upbeat about the possible FCA-Renault merger according to a report by AutoBlog. The deal, estimated at about $35 billion, would not give FCA the right to use Nissan technology via the Nissan-Renault alliance. The executive said he was optimistic about possible synergies of using Nissan's green and electric vehicle know-how in other vehicles. He also raised the possibility that Nissan could increase its stake, currently 15%, in Renault or FCA-Renault. Without increasing their stake, Nissan's share of the resulting company would be cut to 7.5%. FCA-Renault however, would continue to hold 43.4% of Nissan. Examples of some of the sharing could be Nissan's advanced engine technology currently used in Infiniti as a possible benefit for Alfa Romeo and Jeep. FCA and Renault for their part are still negotiating with each other and with the French government which wants job and production guarantees. Renault is said to have a decision on the merger by end of this week. View full article
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Renault and Nissan want to Formally Merge; Make Bid for FCA
Drew Dowdell posted an article in Automotive Industry
Financial Times is reporting that Renault wants to make the marriage to Nissan more official and formally merge. Renault wants to start talks within the next 12 months and include a potential bid for automaker FCA . The combined companies of Nissan, Renault, Fiat, and Chrysler would be a conglomerate that rivals the size of Toyota and Volkswagen. Carlos Ghosn tried to start merger talks prior to his arrest for financial wrongdoing, however, the French government stopped his proposals. Renault currently owns roughly 43% of Nissan. FCA has recently been in the news for potential talks with Peugeot to merge. Those reports were squashed when it came to light that the Agnelli family, who has a controlling stake in FCA, was not interested in a deal that was paid for with PSA stock. -
Financial Times is reporting that Renault wants to make the marriage to Nissan more official and formally merge. Renault wants to start talks within the next 12 months and include a potential bid for automaker FCA . The combined companies of Nissan, Renault, Fiat, and Chrysler would be a conglomerate that rivals the size of Toyota and Volkswagen. Carlos Ghosn tried to start merger talks prior to his arrest for financial wrongdoing, however, the French government stopped his proposals. Renault currently owns roughly 43% of Nissan. FCA has recently been in the news for potential talks with Peugeot to merge. Those reports were squashed when it came to light that the Agnelli family, who has a controlling stake in FCA, was not interested in a deal that was paid for with PSA stock. View full article
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Carlos Ghosn Released on Bail and Leaves in Japanese Laborer Disguise
G. David Felt posted an article in Nissan
Japanese journalists await Carlos Ghosn who was expected to be released from Jail on bail after the Tokyo court granted the bail request. Ghosn lawyer's office said it would be near impossible for him to be released the same day due to an appeal by the prosecutor's office. Ghosn was granted bail set at $1 billion yen or equal to $9 million US at today's exchange rate. Ghosn is 64 and head of the auto alliance of Nissan Motors, Mitsubishi Motors, and Renault. He was arrested in 2018 on suspicion of underreporting his income by more than $80 million US dollars and saddling Nissan with his personal investment losses, allegations he denies. Ghosn new legal team was able to get bail granted on the conditions he will be kept under guard locally with limited to no outside information. Ghosn has claimed that the executives of Nissan are responsible for his arrest as they plotted and committed treason to prevent him from bringing Nissan further under Renault's control. While Carlos Ghosn has resigned from the CEO position on all three companies, he remains on the boards of all three companies. Yet now that he is out on bail he seems to be insulting the average workers of Japan and according to various stories, his new legal team has apologized for advising the former CEO to leave jail in a disguise being taken away in a work van with ladders attached to the roof. Local news outlets have mocked the costume drama bringing more attention than if he had just left on his own in normal business attire and in a business auto. Ghosn is one of the highest-profile detainees which also has made him one of the most famous now. Ghosn was seen later in the day walking with two women, one believed to be his wife and the other his daughter in a Tokyo park by where he will be living surrounded by press and still wearing the blue baseball cap and sunglasses.- 3 comments
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Japanese journalists await Carlos Ghosn who was expected to be released from Jail on bail after the Tokyo court granted the bail request. Ghosn lawyer's office said it would be near impossible for him to be released the same day due to an appeal by the prosecutor's office. Ghosn was granted bail set at $1 billion yen or equal to $9 million US at today's exchange rate. Ghosn is 64 and head of the auto alliance of Nissan Motors, Mitsubishi Motors, and Renault. He was arrested in 2018 on suspicion of underreporting his income by more than $80 million US dollars and saddling Nissan with his personal investment losses, allegations he denies. Ghosn new legal team was able to get bail granted on the conditions he will be kept under guard locally with limited to no outside information. Ghosn has claimed that the executives of Nissan are responsible for his arrest as they plotted and committed treason to prevent him from bringing Nissan further under Renault's control. While Carlos Ghosn has resigned from the CEO position on all three companies, he remains on the boards of all three companies. Yet now that he is out on bail he seems to be insulting the average workers of Japan and according to various stories, his new legal team has apologized for advising the former CEO to leave jail in a disguise being taken away in a work van with ladders attached to the roof. Local news outlets have mocked the costume drama bringing more attention than if he had just left on his own in normal business attire and in a business auto. Ghosn is one of the highest-profile detainees which also has made him one of the most famous now. Ghosn was seen later in the day walking with two women, one believed to be his wife and the other his daughter in a Tokyo park by where he will be living surrounded by press and still wearing the blue baseball cap and sunglasses. View full article
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Now it is official. Carlos Ghosn has stepped down as chairman and CEO of Renault late on Wednesday. The announcement was made this morning by French Finance Minister Bruno Le Maire in an interview with Bloomberg television. "Carlos Ghosn just resigned last night. Now it's time to define and put a new governance in place," said Le Maire. Renault's board of directors have decided on making outgoing Michelin CEO Jean-Dominique Senard as chairman, and promoting Thierry Bollore as CEO during an emergency meeting today. Renault is the last automaker in the alliance to deal with Ghosn. Since he was arrested back in November, both Nissan and Mitsubishi have kicked him out. But Renault kept him as chairman and CEO until they had all of the information on his alleged misconduct. This caused the relationship between Nissan and Renault to be become further strained. Source: Bloomberg, Renault Board of Directors communication Boulogne-Billancourt, 24 January 2019 – Renault's Board of Directors met on January 24, 2019 at 10 a.m. under the chairmanship of Philippe Lagayette, Lead Independent Director. The Board has taken note of the resignation of its current Chairman and Chief Executive Officer. The Board praised the Alliance's track record, which has enabled it to become the world's leading automobile manufacturer. The Board of Directors has decided to provide Renault with a new governance structure and, on this occasion, to institute a separation of the functions of Chairman of the Board and Chief Executive Officer. In addition to all the functions normally performed by the Chairman of the Board, the new Chairman of the Board of Directors of Renault will have to evaluate and, if necessary, change Renault's governance in order to ensure the transition to the new structure. He will present his proposals on the evolution of governance to the Board of Directors before the next General Shareholders' Meeting. In addition, Renault's Board of Directors wishes to supervise actively the functioning of the Alliance and decides to give its Chairman full responsibility for managing the Alliance on behalf of Renault, in liaison with the Chief Executive Officer. In this capacity, the Chairman of Renault's Board of Directors will be the main contact person for the Japanese partner and the other Alliance partners for any discussion on the Alliance's organization and evolution. He will propose to the Board of Directors any new Alliance agreement that he considers useful for Renault's future. He will be Renault's main representative in the Alliance's management bodies and at Nissan when Renault has the right of proposal. The Chief Executive Officer will coordinate for the company the Alliance's activities in the operational field under the authority of the Chairman. The Board co-opted Mr. Jean-Dominique Senard as new Director and elected him Chairman. On the latter's proposal, the Board appointed Thierry Bolloré as Chief Executive Officer. The Board expresses its confidence in the new leadership and wishes it every success in its mission. -
Now it is official. Carlos Ghosn has stepped down as chairman and CEO of Renault late on Wednesday. The announcement was made this morning by French Finance Minister Bruno Le Maire in an interview with Bloomberg television. "Carlos Ghosn just resigned last night. Now it's time to define and put a new governance in place," said Le Maire. Renault's board of directors have decided on making outgoing Michelin CEO Jean-Dominique Senard as chairman, and promoting Thierry Bollore as CEO during an emergency meeting today. Renault is the last automaker in the alliance to deal with Ghosn. Since he was arrested back in November, both Nissan and Mitsubishi have kicked him out. But Renault kept him as chairman and CEO until they had all of the information on his alleged misconduct. This caused the relationship between Nissan and Renault to be become further strained. Source: Bloomberg, Renault Board of Directors communication Boulogne-Billancourt, 24 January 2019 – Renault's Board of Directors met on January 24, 2019 at 10 a.m. under the chairmanship of Philippe Lagayette, Lead Independent Director. The Board has taken note of the resignation of its current Chairman and Chief Executive Officer. The Board praised the Alliance's track record, which has enabled it to become the world's leading automobile manufacturer. The Board of Directors has decided to provide Renault with a new governance structure and, on this occasion, to institute a separation of the functions of Chairman of the Board and Chief Executive Officer. In addition to all the functions normally performed by the Chairman of the Board, the new Chairman of the Board of Directors of Renault will have to evaluate and, if necessary, change Renault's governance in order to ensure the transition to the new structure. He will present his proposals on the evolution of governance to the Board of Directors before the next General Shareholders' Meeting. In addition, Renault's Board of Directors wishes to supervise actively the functioning of the Alliance and decides to give its Chairman full responsibility for managing the Alliance on behalf of Renault, in liaison with the Chief Executive Officer. In this capacity, the Chairman of Renault's Board of Directors will be the main contact person for the Japanese partner and the other Alliance partners for any discussion on the Alliance's organization and evolution. He will propose to the Board of Directors any new Alliance agreement that he considers useful for Renault's future. He will be Renault's main representative in the Alliance's management bodies and at Nissan when Renault has the right of proposal. The Chief Executive Officer will coordinate for the company the Alliance's activities in the operational field under the authority of the Chairman. The Board co-opted Mr. Jean-Dominique Senard as new Director and elected him Chairman. On the latter's proposal, the Board appointed Thierry Bolloré as Chief Executive Officer. The Board expresses its confidence in the new leadership and wishes it every success in its mission. View full article
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It hasn't been easy for former Nissan chairman Carlos Ghosn and aide Greg Kelly since being arrested last month. In that time, the two have been brought up on various charges alleging financial misconduct and having their stay of detention being extended. But there appears to be some good news over the horizon. Today in a Tokyo courtroom, a judge rejected the request of prosecutors to extend Ghosn's and Kelly's detention by an additional 10 days. The Japan Times reports that prosecutors were seeking an additional 10-day extension related to a "separate warrant served to Ghosn" under the allegation that he understated "his remuneration by ¥4.2 billion in the automaker’s securities reports for the three business years through March this year." Lawyers for Ghosn said they are planning to apply for bail, which could mean Ghosn could be out of jail by Friday. But Japanese prosecutors have appealed the decision. According to Automotive News, there is no set date for a possible decision. As for Kelly, lawyers are planning to file for bail either today or tomorrow. “The chances of bail are very high. To begin with, this isn’t a case that should need such a lengthy detention,” said Nobuo Gohara, a lawyer and former prosecutor. Tsutomu Nakamura, a former public prosecutor doesn't share the same view. He tells Bloomberg that the decision made by the court doesn't mean Ghosn will walk out immediately. “The prosecutors will file the complaint against this judge’s decision immediately. I think that the prosecutors failed to prove the seriousness of the case,” he said. Source: Automotive News (Subscription Required), Bloomberg (Subscription Required), Japan Times View full article
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It hasn't been easy for former Nissan chairman Carlos Ghosn and aide Greg Kelly since being arrested last month. In that time, the two have been brought up on various charges alleging financial misconduct and having their stay of detention being extended. But there appears to be some good news over the horizon. Today in a Tokyo courtroom, a judge rejected the request of prosecutors to extend Ghosn's and Kelly's detention by an additional 10 days. The Japan Times reports that prosecutors were seeking an additional 10-day extension related to a "separate warrant served to Ghosn" under the allegation that he understated "his remuneration by ¥4.2 billion in the automaker’s securities reports for the three business years through March this year." Lawyers for Ghosn said they are planning to apply for bail, which could mean Ghosn could be out of jail by Friday. But Japanese prosecutors have appealed the decision. According to Automotive News, there is no set date for a possible decision. As for Kelly, lawyers are planning to file for bail either today or tomorrow. “The chances of bail are very high. To begin with, this isn’t a case that should need such a lengthy detention,” said Nobuo Gohara, a lawyer and former prosecutor. Tsutomu Nakamura, a former public prosecutor doesn't share the same view. He tells Bloomberg that the decision made by the court doesn't mean Ghosn will walk out immediately. “The prosecutors will file the complaint against this judge’s decision immediately. I think that the prosecutors failed to prove the seriousness of the case,” he said. Source: Automotive News (Subscription Required), Bloomberg (Subscription Required), Japan Times -
Nissan has expanded its probe into former chairman Carlos Ghosn with the investigation into various European subsidiaries that may bring more criminal charges. Automotive News has learned from sources that the focus of the investigation will be around the Renault-Nissan BV based in the Netherlands. This was set up by the two automakers back in 2002 to be a strategic management company that oversees the alliance. But one source says that Nissan is planning to look into "as many as a dozen other Nissan-affiliated subsidiaries set up in the Netherlands," for possible financial misconduct. Japanese prosecutors are looking into some of the companies with the help of Nissan. (Emphasis mine.) This move may signal that the scandal may have reached outward of Japan and bring investigations right to Renault's doorstep. Automotive News also notes this could "further complicate" the delicate relations between the two. That neatly transitions us to a report from Reuters where a source reveals that Renault has told Nissan not to contact its directors ahead of a December 13th meeting of their board. The source says "such contact was outside the agreed channels for communication of the sensitive findings." As we reported back on Friday, Nissan offered Renault "a presentation that summarized the evidence" to help assuage some suspicious held by the French automaker. Renault declined, asking Nissan for the "presence of lawyers and the full report on the allegations." This reportedly came earlier this week as officials from Nissan met with Renault's legal team in France. The meeting tomorrow will see the members of the board discuss the findings of Nissan's investigation and debate the future of Carlos Ghosn. Spokespeople for Nissan and Renault declined to comment. Source: Automotive News (Subscription Required), Reuters View full article
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Rumorpile: Nissan's Probe Into Ghosn Expands Into Other Subsidiaries
William Maley posted an article in Nissan
Nissan has expanded its probe into former chairman Carlos Ghosn with the investigation into various European subsidiaries that may bring more criminal charges. Automotive News has learned from sources that the focus of the investigation will be around the Renault-Nissan BV based in the Netherlands. This was set up by the two automakers back in 2002 to be a strategic management company that oversees the alliance. But one source says that Nissan is planning to look into "as many as a dozen other Nissan-affiliated subsidiaries set up in the Netherlands," for possible financial misconduct. Japanese prosecutors are looking into some of the companies with the help of Nissan. (Emphasis mine.) This move may signal that the scandal may have reached outward of Japan and bring investigations right to Renault's doorstep. Automotive News also notes this could "further complicate" the delicate relations between the two. That neatly transitions us to a report from Reuters where a source reveals that Renault has told Nissan not to contact its directors ahead of a December 13th meeting of their board. The source says "such contact was outside the agreed channels for communication of the sensitive findings." As we reported back on Friday, Nissan offered Renault "a presentation that summarized the evidence" to help assuage some suspicious held by the French automaker. Renault declined, asking Nissan for the "presence of lawyers and the full report on the allegations." This reportedly came earlier this week as officials from Nissan met with Renault's legal team in France. The meeting tomorrow will see the members of the board discuss the findings of Nissan's investigation and debate the future of Carlos Ghosn. Spokespeople for Nissan and Renault declined to comment. Source: Automotive News (Subscription Required), Reuters -
ev truck Euro EV Truck, Not for the US
G. David Felt posted a topic in Alternative Fuels & Propulsion
G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com Euro EV Truck, Not for the US 59 horsepower, 167 pound feet of torque, 22 kilowatt battery pack, and a 100 mile range a Ford F150 this is not. Yet as I have stated in other forums and auto threads, I truly believe inner city folks as well as city governments would love to have a true mini pickup, not a mid or full size, but a true mini pickup truck that seats 2 people and can still carry a decent amount of weight. In this case, 1,400 pounds. Kolle, a conversion company in France is taking the Renault Kangoo Z.E. electric delivery van and converting it into a pickup truck. Clearly you still have reminders that this was more than a truck by the high sides, stagecoach doors in back and tall tail lights. The conversion costs $16,400 US based on current exchange rates. Since Renault does not sell in the US, you will not see this little EV mini truck here, but the thoughts of taking the Nissan e-NV200 electric minivan and converting it does ring a decent idea. Makes one wonder if GM would consider doing this to their city express minivan which is from Nissan. Possible decent way to grow the EV segment by taking the production line of Nissan / Chevrolet minivans and adding to the EV van offering with an EV mini truck offering. green car report story
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Since the Volkswagen diesel emission scandal came to light, more scrutiny has been put on automakers and emissions standards. Recent real-world tests of European market diesel vehicles have revealed a number were 10 times over the legal limit for emissions. With stricter regulations coming into effect next year, automakers are reconsidering their investment in diesel. Case in point is Renault. Reuters has learned from sources at the company that it believes diesel engines will disappear from their lineup due to stricter regulations. This comes from an internal meeting before a summer break where Renault went over the costs of meeting these stricter regulations. According to two people who were at the meeting, Renault's Chief Competitiveness Officer Thierry Bollore said the investment in diesel had dimmed significantly due to upcoming regulations. "He said we were now wondering whether diesel would survive, and that he wouldn't have voiced such doubts even at the start of this year," said one of the people. "Tougher standards and testing methods will increase technology costs to the point where diesel is forced out of the market." Next year will see Europe adopting emission standards similar to the ones in the U.S. known as Euro 6b. This will become more stringent as time goes on. Two years after Euro 6b comes into affect, European regulators will begin doing real-world testing of fuel economy and emissions. The combination of these two things means automakers will need to spend more money to make their vehicles meet these standards. "Everybody is backtracking on diesel because after 2017-18 it becomes more and more expensive," said Pavan Potluri, a powertrain analyst with consulting firm IHS Automotive. Already, diesel engines have been disappearing from city cars. Sources say Renault predicts that diesel will disappear from all B-Segment and some C-Segment models by 2020. Source: Reuters View full article
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Renault Sees An End To Diesels In Their Vehicles
William Maley posted an article in Automotive Industry
Since the Volkswagen diesel emission scandal came to light, more scrutiny has been put on automakers and emissions standards. Recent real-world tests of European market diesel vehicles have revealed a number were 10 times over the legal limit for emissions. With stricter regulations coming into effect next year, automakers are reconsidering their investment in diesel. Case in point is Renault. Reuters has learned from sources at the company that it believes diesel engines will disappear from their lineup due to stricter regulations. This comes from an internal meeting before a summer break where Renault went over the costs of meeting these stricter regulations. According to two people who were at the meeting, Renault's Chief Competitiveness Officer Thierry Bollore said the investment in diesel had dimmed significantly due to upcoming regulations. "He said we were now wondering whether diesel would survive, and that he wouldn't have voiced such doubts even at the start of this year," said one of the people. "Tougher standards and testing methods will increase technology costs to the point where diesel is forced out of the market." Next year will see Europe adopting emission standards similar to the ones in the U.S. known as Euro 6b. This will become more stringent as time goes on. Two years after Euro 6b comes into affect, European regulators will begin doing real-world testing of fuel economy and emissions. The combination of these two things means automakers will need to spend more money to make their vehicles meet these standards. "Everybody is backtracking on diesel because after 2017-18 it becomes more and more expensive," said Pavan Potluri, a powertrain analyst with consulting firm IHS Automotive. Already, diesel engines have been disappearing from city cars. Sources say Renault predicts that diesel will disappear from all B-Segment and some C-Segment models by 2020. Source: Reuters -
Dacia will celebrate the 10th anniversary since its European re-launch in 2005 at the 85th Geneva International Motor Show where new special edition versions of the Sandero, Duster and Logan MCV will be unveiled. Ten years have passed since the Logan was launched in Europe in 2005, heralding the dawn of a bright new era for the Romanian brand Dacia, whose Renault-led rebirth proved to be the catalyst for unprecedented levels of success across the continent. Having made its UK debut at the 2012 Goodwood Festival of Speed, with first customer deliveries in 2013, the Dacia brand has gone from strength-to-strength reaching 50,000 sales in March 2015. • Dacia launches its new ‘Lauréate Prime’ special edition • The top-of -the range Lauréate benefits from bespoke styling, standard metallic paint and multimedia upgrades • Available in the UK on Sandero, Duster and Logan MCV models, exclusively in the new Cosmos Blue colour
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A couple weeks back, we reported that a Mitsubishi executive says talks between them and Nissan/Renault has stalled, but didn't go into details as to why. But Automotive News has shined a light as to possibly why and where it stands now. According to a source at Mitsubishi, the company ended talks with Renault about using the midsize Latitude/Samsung SM7 sedan built in South Korea because the Yon suddenly appreciated. This is turned undercut the plan's profitability when paired against the U.S. Dollar and Japenese Yen. A Nissan source goes onto say that Nissan has begun talks with Mitsubishi about using one of their sedans. A Mitsubishi spokesman says at this time that plans to replace the Galant are on indefinite hold. While he declined to comment on the talks between Mitsubishi and Nissan, he did say that working with Nissan is “one option.” In the meantime, Mitsubishi has moved up the replacement for the compact Lancer to the top of its priority list. Source: Automotive News (Subscription Required)
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