Renault

Shortened Logan is a possibility in Renault-Mahindra JV

LoganWhile both the parties, i. e. Mahindra and Renault are still busy finding out various ways how the JV can be taken on track, the company officials believe that a hatch version of the Logan is a possibility. However, making the changes in the product only for one market may not prove a very decent offer from Mahindra.

But it will still be subject to the approval of Renault and the kind of ownership changes that are expected in the new agreement. Notably, the unit sales had been dwindling for Logan for the past many months.

Bajaj’s small car to be priced lower than Nano

NanoRenault & Nissan that are working in alliance with Bajaj to develop the ultra low cost project recently revealed the fact that the final product could well be priced below the Nano.

Carlos Ghosn, CEO, Renault & Nissan recently said that the company is looking at launching products that are priced below and above the Nano. In fact, the company is expecting to launch the product by 2012.

Micra to be the answer to the competition by Nissan

Micra to be the answer to the competition by NissanIt may have taken many years for the world's largest automaker Renault-Nissan to enter the Indian geographies but now it is hands-on to the Indian market. In fact, after recently inaugurating its plant at Chennai, the company is expecting the Micra to be the answer to the competition in the Indian market.

The new plant of the company is spread across 650 acres of land and can produce up to 4 lakh units per annum.

Renault resizing AvtoVAZ stake

Renault resizing AvtoVAZ stakeChief Executive Carlos Ghosn commented on Monday that the French car maker, Renault shall adjust the capacity of its 25 percent stake in the Russian AvtoVAZ if asked by the Russian government.

Renault bought the stake in AvtoVAZ for $1 billion in 2008, but the same got hampered due to the Russian car market going on a slow note due to the recent economic crisis.

After the AvtoVAZ group got piled under the debt it is now under speculation of many that whether the French automaker Renault would prepare for backing out from its stake.

Renault SA registers an annual loss in 13 years

Renault-LogoRenault released its 2009 annual financial results today. Renault SA, France's second largest carmaker, reported its first annual loss in 13 years. The net loss was posted €3.1 billion ($4.3 billion) while in the previous fiscal the company reported a profit of €571 million.

Renault tough times to combat

Renault tough times to combatRenault, the French automobile major, posted a loss this quarter leaving its shares to trade down by 5% in market. For the 2010 year ahead it has made no forecast to share in its transcripts.

Renault, the manufacturer of luxury machines is facing trouble due to economic slowdown in the global markets and expects a tough situation to combat within year 2010, as a 10 percent dip in the European market has given it a jitter on its nerves.

Renault planning to restructure its venture with M&M

RenaultCarmaker Renault which has a joint venture with Mahindra & Mahindra for making Logan sedan for Indian market is planning to restructure the partnership with the Indian company.

The French automaker has also announced that it will operate in the country with its own dealer network. It plans to start with 15 dealers by mid-2011 and increase to 150 in the next 30 months, the company said.

The company expects that Indian market to triple in size in the next decade and it does not believe that it is a late entry into the market.

Bajaj to produce low-cost car in partnership with Renault-Nissan

Bajaj Auto Renault Nissan Small Car ProjectBajaj Auto, Indian auto major, has entered a deal with Renault-Nissan Alliance to produce and market an ultra low-cost car.

According to the agreement, Bajaj will only design and manufacture the new car, while the Renault-Nissan will shoulder the responsibility of marketing the vehicle in India and abroad.

The would-be low cost car, which will be branded under the French partner’s name, is expected to hit the roads in 2012.

Renault takes on Nano, promises ‘cheapest car’

Renault-NissanThe Renault-Nissan combine and its Indian partner Bajaj Auto Ltd will roll out an ultra low-cost car in 2012 that will cost less than Tata Motor’s Nano, the world’s cheapest car.

The proposed car — codenamed ULC — will also consume less fuel than any other four-wheeler on the Indian road, said Carlos Ghosn, president and chief executive of both the French and Japanese carmakers.

The success of the car is crucial to Renault-Nissan, which commands 10 per cent of the global market but accounts for only 1 per cent cars sold in India.

Renault Twingo V8 supermini

Renault Twingo V8 superminiParis - French tuner Ludovic Lazareth, known for his passion to create extravagant motorcycles, has created a supermini by crossing an elderly Renault Twingo with a Rover V8 engine.

With the short snout of the Renault offering little space for the 3.5-litre engine, Lazareth placed the unit in the rear seat area where 180 hp is transmitted to the rear wheels via a five-speed manual gearbox. It is a configuration Renault itself has used for the Renault 5 Turbo, Renault Clio V6 Renault Sport and the Renault Megane Trophy.

Renault, Nissan to launch low-cost car in India by 2012

Renault, Nissan to launch low-cost car in India by 2012New Delhi - Carmakers Renault SA, Nissan Motor Co and their Indian partner Bajaj Auto are to launch a low-cost microcar in India by 2012, Carlos Ghosn, the chief executive of the Renault-Nissan alliance, said Tuesday.

"Yesterday, we signed an agreement that the low-cost car will be out in 2012. It is going to be an innovative product, the manufacturing cost will be lower than any other available in the Indian market," Ghosn was quoted as saying by IANS news agency.

Renault: No more money for Russian auto giant

Renault: No more money for Russian auto giant Moscow/Paris - French carmaker Renault will not invest more money in troubled Russian market leader AvtoVAZ, despite a threat by Russian prime minister Vladimir Putin to dilute Renault's 25-per-cent stake in the company should it refuse to do so.

Russian media reports Tuesday cited Christian Esteve, a member of Renault's management committee, as well as the board of directors of AvtoVAZ, saying that Renault would supply technology to help modernize the Russian auto giant, but not more money.




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