- Factbox: Auto industry consolidation – mega-mergers and alliances – Reuters: mega-mergers and alliances Reuters UK Italian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France’s Renault in a deal that could create the world’s third-biggest …
- Renault Considering Fiat’s Offer to Merge Into a New Auto Giant – New York Times: The French carmaker Renault on Monday said it was considering a proposal by Fiat Chrysler to merge and form a global partnership aimed at improving their …
- Analysis | Fiat-Renault Mega-Merger Is Born of Desperation – Washington Post: Politics and the cost of developing electric vehicles have pushed two of Europe’s biggest carmakers together.
- Italy’s Salvini says government supports FCA’s growth, expects it to protect jobs – Reuters: Italy supports Fiat Chrysler’s growth plans and does not expect them to lead to job losses, Deputy Prime Minister Matteo Salvini said after the carmaker made a “transformative” merger proposal to Renault.
- Renault’s board “studying with interest” Fiat Chrysler deal terms – Reuters: French carmaker Renault said it was “studying with interest” the terms of the proposed merger with Fiat Chrysler (FCA).
- Fiat Chrysler seeks Renault merger to meet auto challenges – Reuters: FCA-Renault merger bid to create global No.3 auto group … It would rank third in the global auto industry behind Japan’s Toyota and Germany’s …
- Italy’s Salvini says govt supports FCA’s growth, expects it to protect jobs – Reuters: Italy supports Fiat Chrysler’s growth plans and does not expect them to lead to job losses, Deputy Prime Minister Matteo …
- EU Draws Red Line for Trump on Cars, Calling Quotas a No-Go – Bloomberg: On May 17, Trump put off a decision on auto tariffs for 180 days, but said that … France’s junior foreign-affairs minister, Jean-Baptiste Lemoyne, echoed the point by … Being played out in the shadow of a U.S.-China trade war that has …
- Fiat Chrysler’s Italian Problem Drives Need for Partner – WSJ: If a full-blown deal doesn’t materialize, Fiat Chrysler could join Renault’s alliance with Nissan Motor Co. and Mitsubishi Motors Corp. , according to …
- Fiat-Renault Mega-Merger Is Born of Desperation – Bloomberg: Politics and the cost of developing electric vehicles have pushed two of Europe’s biggest carmakers together.
- Toyota to build pickup-truck factory in Myanmar – Mainichi: In Myanmar, Japan’s Suzuki Motor Corp., Ford Motor Co. of the United States, South Korea’s Hyundai Motor Co. and KIA Motors Corp. as well as …
- Nissan is the big loser if FCA and Renault merge – Automotive News: If the FCA-Renault merger is approved by Renault shareholders as proposed by FCA, the new entity would continue to own 43.3 percent of Nissan’s …
- As Leaders Quarrel, Fiat and Renault Seek Detente in Car Deal – Bloomberg: French and Italian leaders have reveled in throwing mud at each other, but two of the countries’ flagship companies are now looking beyond the bad blood to …
- Fiat Chrysler-Renault merger talks lift European shares, EU vote in focus – Reuters: Confirmation of merger talks between Fiat Chrysler and Renault to create the world’s third-largest car maker thrust European shares higher …
- FCA, Renault deal could take more than one year to be finalised – CEO to employees – Reuters: It could take more than one year for Fiat Chrysler and Renault to finalize a proposed merger of the two companies, FCA group’s …
- Google to invest euros in new data center in Finland: STT report – Reuters: Google owner Alphabet Inc said it would invest 600 million euros ($672 million) in a new data center in Hamina, Finland, it said, according to a report by Finnish STT news agency on Monday.
- Factbox: The road to Fiat Chrysler, Renault merger talks – Reuters: Including Nissan, which has an existing partnership with Renault, the … 1998 – German automaker Daimler AG and Chrysler announce a merger of … January 2019 – Renault says Carlos Ghosn has resigned as chairman and CEO …
- China’s Geely ramps up self-driving efforts amid auto market slowdown – Nikkei: Geely Auto Group, China’s largest private automaker, is ramping up efforts to develop self-driving technology as it grapples with a …
- Renault-FCA deal unleashes fresh uncertainties on Nissan – Automotive News: Renault’s looming tie-up with Fiat Chrysler potentially puts Nissan in a tight spot in terms of influence, management and even product planning within its alliance with the French automaker.
- Fiat Chrysler puts merger offer to Renault board – Reuters: Fiat Chrysler has made a transformative merger proposal to Renault, the Italian-American carmaker said, in a deal that …
- Fiat Chrysler-Renault union targets vast industry challenges – FT: The global auto partnership long sought by Fiat Chrysler Automobiles may have finally come to fruition with France’s Renault. Talks that began months …
- French government: looking ‘reasonably favorably’ on Renault/Fiat deal – Reuters: The French government is looking reasonably favorably on a proposed merger deal between Italian carmaker Fiat and French …
- FCA formally proposes merger with Renault – Nikkei: FCA, the maker of Jeep, Maserati and Alfa Romeo cars, sold 4.84 million vehicles worldwide last year, compared with Renault’s 3.88 million autos.
- Will Trump-Abe Summit Buck Recent Gloomy Trend? – Bloomberg: Trump has threatened to raise tariffs on approximately $50 billion worth of Japanese car and auto part imports annually, as well as demanding greater …
- Italian government might ask for symmetry with Paris in FCA-Renault merger – League lawmaker – Reuters: Italian government will defend national interest in the FCA- Renault merger and might ask for a stake in the new global automaker …
- Fiat Plans Merger With Renault in Latest Auto Industry Jolt – Bloomberg: Fiat Plans Merger With Renault in Latest Auto Industry Jolt …. They’ve also been forced to spend on self-driving technology or risk getting left behind …
- Fiat Chrysler Unveils Renault Merger Proposal – WSJ: Including Renault’s alliance partners, Nissan Motor Co. and Mitsubishi Motors Corp. , output would swell to around 15 million, far ahead of the pack.
- Fiat Chrysler submits proposal for a merger with Renault – CNBC: Fiat Chrysler Automobiles has submitted a proposal for a merger with Groupe Renault, as CNBC reported earlier. According to a statement from Fiat …
- Relief – and worry – for Volvo’s Samuelsson – Automotive News: U.S. President Donald Trump’s decision to delay imposing tariffs on the European Union’s auto industry comes as a …
- BMW rolls out $890 E-Scooter – Detroitnews: After adding the full-size X7 sport utility vehicle this year, BMW AG is getting into a much tinier category – an $890 electric scooter similar to those …
- BOJ’s Kuroda sounds alarm on global economy ahead of G20 – Reuters: Bank of Japan Governor Haruhiko Kuroda said on … $68-billion trade surplus with the United States, much of it from auto exports.
- Skoda gives Superb a lift – Autocar: Skoda has revealed the Superb facelift, with a refreshed look and a plug-in hybrid variant. Being a mid-cycle update, the styling hasn’t changed greatly …
- Nissan Tied to Renault-Fiat Faces Less Independent Future – Bloomberg: While the pair isn’t seeking a merger with Nissan for now, the companies plan to eventually invite Nissan and Mitsubishi Motors Corp., Renault’s …
- Honda adds another seven-seat CR-V to its range – Autocar:
- Tackling hot topics in Europe – Automotive News: Hakan Samuelsson, CEO of Volvo Cars, is flanked by Automotive News Europe Publisher Jason Stein, left, and Group Publisher KC Crain at the …
- Dr. Z rides into the sunset – in a BMW? – Automotive News: Dieter Zetsche’s retirement from Daimler prompted a cheeky tribute from his company’s chief rival. BMW congratulated Zetsche on his venerable …
- PORSCHE’S KLAUS ZELLMER: Taking the plunge into electrification – Automotive News: “Everybody expects Porsche to enter the battery-electric vehicle market with … Why is that vehicle a good fit for an electric powertrain? … You will have people naturally gravitating towards a Macan EV because the market is ready for …
- Jaguar’s Callum: Styling I-Pace offered a rare opportunity – Automotive News: The vehicle went on sale last September, beating Audi’s e-tron and Mercedes’ EQC electric crossovers. The early launch contributed to the I-Pace …
- Toyoda’s trade stand too polite for its own good – Automotive News: Last week, Toyota Motor Corp. and the Japanese Automobile Manufacturers Association – both led by Toyoda – issued responses to the Trump …
- Mitsubishi’s new chief hints more change ahead in US – Automotive News: Takao Kato, tapped this month as the next global CEO, said Mitsubishi Motors Corp. needs to readjust its U.S. operations in line with the company’s …
- Community college sharpens focus on advanced technology courses – Automotive News: Not long ago, students interested in automotive careers at the two-year college would have studied welding and gone on to become repair technicians …
- In Europe, a storm is brewing – Automotive News: “Comets are headed this way,” Patrik Illerstig, CEO of Care by Volvo, told a pre-Congress session. “We see changing consumer behavior, and with …
- Audi kills TT, VW cuts Golf lineup to make room for EVs – Automotive News: VW’s $50 billion strategy to put large numbers of battery-electric vehicles on the world’s roads will result in some casualties in North America.
- Nissan could end scorned stair-steps – Automotive News: Nissan is considering pulling the plug on its contentious incentive program as early as this summer. A shift would mark a sea change for the brand.
- GM’s Maven exits show tough road for mobility – Automotive News: Maven’s exit from eight markets is the latest example of the balancing act automakers face between investing in emerging but unproven business models and reinvesting in their primary function of manufacturing and selling vehicles.
- Ford: Job cuts had to be slow – Automotive News: Executives are adamant that being deliberative about cutting 10 percent of its global white-collar work force was necessary to yield meaningful benefits.
- Toyota sees fuel cell costs on a par with hybrids – Automotive News: Toyota believes the price of fuel cell vehicles will match those of hybrids within 10 years, the automaker’s European head of sales says.
- MAZDA’S MASAHIRO MORO AND JEFF GUYTON: Exploiting synergies inside and out – Automotive News: Top North American execs Masahiro Moro and Jeff Guyton discuss Mazda’s partnership with Toyota on an Alabama assembly plant as well as trade policy and a …
- Opel gets fit after cutting costs, cookies – Automotive News: General Motors spent nearly two decades trying to fix Opel. Its new owner, PSA Group, managed to turn the business around in less than two years.
- GM Oshawa 2.0 marks a first for the automaker – Automotive News: General Motors’ $170-million plan to turn its Oshawa, Ont., assembly plant into a parts operation signals a new business model for the …
- China auto sales to show flat growth in 2019: Xinhua – Reuters: China’s automobile sales will reach around 28.1 million units this year, unchanged from 2018 levels, state news agency Xinhua reported on Sunday.
- Nissan is ‘open to dialogue’ as FCA floats Renault merger proposal – Nikkei: Nissan Motor President and CEO Hiroto Saikawa said Monday that he is open to discussions aimed at strengthening the Japanese …
- President Trump Eyes August for a US-Japan Deal on Trade – Bloomberg: Trump has threatened to raise tariffs on the approximately $50 billion worth of Japanese cars and auto parts exported to the U.S. annually, and is …
- Nomura Loses More Bond Deals After Information Leak – Bloomberg: Honda Finance dropped Nomura after considering the impact on investors involved in the deal, said Takashi Sugiyama, an executive at the car …
- Trump to Face Off With Japan’s Abe on Trade After Golf and Sumo – Washington Post: … have been meeting separately to hammer out a deal after Trump threatened to raise auto tariffs. … Trump arrived at the Imperial Palace on Monday and became the first foreign head of state to meet new … With his trade war against China…