Tokyo, Japan --Japanese auto giant Honda and its struggling rival Nissan will reportedly begin talks on a merger to boost their strength in electric vehicles, where Chinese brands are racing ahead. At the same time, Taiwanese electronics behemoth Foxconn has approached France's Renault to buy its large stake in Nissan, according...
Renault Scenic model wins Car of the Year at Geneva auto show
Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first Geneva auto show since 2019, giving a boost to the French automaker's electrification plans. The Renault Scenic, an electric SUV, won the coveted Car of the Year prize, the French...Renault shares fall as sales disappoint
The company's strategy is to sell fewer cars but at higher prices.
Nissan Q1 net profit $750m
Results due to better sales in Japan, North America.
Honda to supply Aston Martin engines from 2026
The tie up, announced on Wednesday, comes in the run-up to this weekend's Monaco Grand Prix with Aston Martin a surprise second to world champions Red Bull in the constructors' standings. That lofty position is in no small part down to Fernando Alonso, the two-time former champion who has made...
Aramco, Renault, Geely ink deal
The new firm will focus on internal combustion.
Renault boosts profitability
The company's sales rose by 11.4% to $49.7 billion
Renault, Nissan approve alliance
The carmakers said that they "rebalanced" their relationship.Renault to reorganize towards electric future
The electric vehicle market is expected to grow rapidly in response to consumers' worries about climate change, putting pressure on manufacturers to develop less polluting products. The European Union last month agreed to phase out new CO2-emitting vehicles by 2035, a move set to turbo-charge the production of electric prototypes...McDonald’s to exit Russian market
The company will sell its business in the increasingly isolated country.Renault hands Russian assets to Moscow
Since Putin sent troops into Ukraine in late February, Renault has had difficulty keeping its operations going due to a lack of components following the imposition of Western sanctions.Auto alliance to invest $25 bn
The investment in electric vehicles spread over next 5 years.
Automotive sector leads Morocco exports
Industry minister Elalamy says country capable of producing high-quality vehicles with a 60% content rate Automotive exports total nearly $9b in 2019 and nearly the same in 2020 despite Covid-19 pandemic Automotive sector is Morocco's leading export sector and the country is capable of manufacturing high-quality vehicles with a content...
