Ghosn seeks extra euro1.5 billion in synergies from Renault Nissan alliance

August 2nd, 2009 Nissan rolls out electric car at new headquartersYOKOHAMA, Japan — Nissan Chief Executive Carlos Ghosn made a quiet entrance Sunday at the Japanese automaker's new headquarters building — driving the company's zero-emission vehicle on stage for its inaugural public viewing. Nissan Motor Co.'s environmentally friendly automobile — a blue hatchback with a sporty design and a recharging opening in the front — is set to go on sale in Japan, the U.S.

July 30th, 2009 Renault posts H1 loss of $3.82 billionPARIS — Renault said Thursday that it made a net loss of euro2.71 billion ($3.82 billion) in the first half after the French carmaker aggressively cut production to boost cash flow, missing out on some of the demand created by government incentives. In the six months through June 2008, the French auto maker made a net profit of euro1.58 billion.

July 30th, 2009 Renault posts H1 loss of euro2.71 billionPARIS — Renault said Thursday that it made a net loss of euro2.71 billion ($3.82 billion) in the first half, but noted that the "free fall" in auto sales worldwide decelerated in the second quarter. In 2008, the French auto maker had made a net profit of euro1.58 billion in the six months through June.

July 29th, 2009 Nissan reports loss for fiscal first quarterTOKYO — Nissan reported a smaller-than-expected 16.5 billion yen ($175.5 million) loss for the fiscal first quarter Wednesday and unveiled plans to build more cars in China, one of the few auto markets where sales are still growing. Nissan Motor Co., Japan's third-biggest automaker, blamed slumping sales in most markets and the strong yen for the April-June quarter loss.

July 19th, 2009 CHENNAI - Japanese auto giant Nissan Motor Co is betting big on India not only for manufacturing cars for domestic and overseas markets but also for sourcing components for its global operations. Nissan will be rolling out three different variants of its hatchback and sedan models, as well as a multipurpose vehicle (MPV), from five plants across the world, one of which is coming up at Oragadam, 55 km from here.

July 17th, 2009 Renault H1 vehicle sales drop 16.5 percentPARIS — Carmaker Renault SA said Friday that vehicle sales fell 16.5 percent in the first half of the year, a similar rate of decline as the global market, where the economic crisis is ravaging car sales. France's second-largest auto maker said it sold 1.106 million cars and light trucks in the first six months of the year, down from 1.326 million a year earlier.

July 10th, 2009 Renault's Ghosn sees industry slump until 2011PARIS — There will be no rebound in car markets in Europe and Japan before 2011, the head of carmakers Renault and Nissan was quoted Friday as saying. In comments reported by French daily Le Monde, Carlos Ghosn said that the end of scrapping deals in Europe that encourage car buyers to trade in older cars for new ones would hold back any rebound in the car market.

June 23rd, 2009 Nissan to mass produce electric cars in 2012YOKOHAMA, Japan — Nissan Motor Co. said Tuesday its electric vehicles will be affordable, setting sights on the potentially lucrative market with a plan to mass produce zero-emission cars globally from 2012.

June 4th, 2009 CHENNAI - Japanese auto major Nissan Motor Co Thursday said its partner Renault's decision to suspend investments in the joint venture's upcoming manufacturing facility near here would not affect the project's completion. French car maker Renault and Nissan have set up a 50:50 joint venture, Renault Nissan Automotive India, to set up a 400,000-car-per-annum plant at Oragadam, 55 km from here, at an investment of Rs.4,500 crore.

June 2nd, 2009 Nissan opens first car plant in RussiaST. PETERSBURG, Russia — Prime Minister Vladimir Putin and Nissan Motor Corp.

May 15th, 2009 CHENNAI - Ashok Leyland Nissan Vehicles, whose proposed plant here to make commercial vehicles has been delayed due to land acquisition problems, may use the car manufacturing facility of Nissan-Renault, being set up near here, to roll out trucks, a top official said. Ashok Leyland Nissan is joint venture between India's Ashok Leyland and Japan's Nissan Motor for light commercial vehicles (LCV).

May 13th, 2009 Renault follows Ferrari in F1 pullout threatLONDON — Renault is following Ferrari in threatening to withdraw from next season's Formula One world championship because of the budget cap imposed by the sport's governing body. It is frustrated that FIA adopted the new regulations while ignoring alternative plans proposed by the teams, Renault said Wednesday.

May 12th, 2009 Nissan reports loss for year amid global slowdownTOKYO — Nissan Motor Co., Japan's No. 3 automaker, reported a 233.7 billion yen ($2.4 billion) annual loss, a reversal of fortune from the previous profitable year but better than the company's own forecasts.

May 12th, 2009 Nissan reports 1st annual loss in a decadeTOKYO — Nissan Motor Co., Japan's No. 3 automaker, reported a 233.7 billion yen ($2.4 billion) annual net loss, its first yearly loss in a decade — but expects the red ink to lessen in the current fiscal year.

March 15th, 2009 NEW DELHI - Bajaj Auto Ltd Saturday said its small car, being developed in partnership with Renault SA and Nissan Motor, will be rolled out in 2011 as per schedule. Bajaj managing director Rajiv Bajaj said: 'The project remains largely on schedule, though in the course of development some specifications have been reviewed, leading to adjustments in the overall schedule.' It had been reported in a section of the media that the ultra low-cost (ULC) project would be delayed by more than a year as Rajiv Bajaj was not happy with the work done so far, and he demanded major modification in the design.