INAUGURATION OF THE NEW NISSAN QASHQAI
Carlos Ghosn, chief executive of Renault and Nissan, speaks during the presentation of the new 2007 Nissan Qashqai in La Courneuve, near Paris, September 6, 2006. Unveiling the new Qashqai four-by-four car on Wednesday, Ghosn said that the alliance between the French and Japanese groups was 'unique' and built on mutual trust. (UPI Photo/Eco Clement)
Latest Headlines
In blow to shade tree mechanics everywhere who spent Saturdays adjusting carburetors to set engine idle speed, say goodbye to another automotive relic: bench seats.
Adapting newer technologies will force U.S. and other automakers to form partnerships, the chief executive officer of Nissan Motor Co. and Renault SA said.
Nissan Motor Co. said Monday it would lay off 20,000 workers, and joined other Japanese automakers announcing major losses for 2008.
U.S. and foreign automakers have said development of fuel-efficient cars cannot proceed under the current economic environment.
The French and Japanese Renault-Nissan alliance has proposed purchasing around 20 percent of Chrysler LLC, sources said.
The slump in U.S. auto sales will likely continue through 2009, a top industry executive said.
Renault, in response to soaring gas prices, plans to mass-produce electric cars, the French automaker's chief executive said Saturday.
French carmaker Renault has agreed to buy a minority stake in Russia's AvtoVaz, the company said.
No bonuses will be given to Nissan board members because the Japanese carmaker failed to reach annual performance targets, company officials said Wednesday.
Nissan Motor Co.'s chief executive will give up his post as head of North American operations, the automaker said Friday in announcing a management shake-up.
Quotes
United Press International
United Press International
United Press International
United Press International
United Press International
