The tripartite auto manufacture promises to corner 40% combined share of the Russian market. The partnership between Renault SA and Nissan Motor Corp had resulted in the creation of a parts procurment venture with Russia's largest automaker, OAO AvtoVAZ, This is one cost cutting measure as all three are seeking to expand their markets through a three way tie-up.
Tags: Carlos Ghosn
Nissan, Mitsubishi Motors holds media briefing; CEOs to attend
The Mitsubishi Motors Corporation announced on Thursday that a joint news conference together with Nissan Motor Co. will happen with Mitsubishi Chairman and President Osamu Masuko and Nissan Chief Executive Carlos Ghosn on the side.
Nissan Expands Recall on Rogue SUV and Introducing New Concept Car
The company recalled another 47,000 defective SUV due to problem in its fuel pump. Nissan also introduces its new mobility concept car this week.
Nissan surges 12% most since 2009 on $3.5-bln buyback
Registering the highest since April 2009, Nissan Motor Co's stock surged 12 percent following its buyback news. Nissan has announced its plan to buyback $3.5 billion worth shares.
Renault-Nissan’s CEO: Electric vehicle is an affordable solution to reduce global emissions
The 13 automotive CEOs across the world including the Renault-Nissan Alliance has released the statement on the weekend over the commitment to reduce global emissions by providing cleaner transportation.
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Renault-Nissan CEO Carlos Ghosn expects approval for the China plant for the carmaker to be approved by the end of the year.
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