Chart: Economist.com

Back in the 1950s, when Europe was still rebuilding after World War Two, Ford Motor Company and General Motors decided to show the world what a cost-no-object car was like in the American idiom. First Ford introduced the 1956 Continental Mark II, hand assembled down to the component level, that was said to lose $1,000 on each and every $10,000 Mark II sold. Adjusting for inflation, that loss is the equivalent about $8,600 in 2013 money. A year later, GM started selling the Motorama influenced Eldorado Brougham, at an even steeper $13,074. Motor City lore has it that not only was the Eldo Brougham thousands more expensive than the Mark II, its loses exceeded those of the Mark II by thousands of dollars as well. Now the Sanford C. Bernstein brokerage has looked at how much money various European automakers have lost on particular cars since 1997.

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At some point in the crush of the news cycle, Nissan unveiled an all-new Rogue for 2014, based off their new CMF platform. The Rogue will still retain 4-cylinder power, but will now seat seven, moving up a class size. But for those who want something smaller, Nissan’s got something for you as well. The old Rogue.

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Thierry Bolloré, left. Jérôme Stoll, right.

Following the departure of chief operating officer Carlos Tavares, Renault Chairman and CEO Carlos Ghosn has announced that the company will be adding two new divisions to the existing finance, human resources and CEO office functions. Thierry Bolloré is being appointed Chief Competitive Officer, with responsibilities for Design-Product-Programs, Engineering-Quality-IS/IT, Purchasing, Manufacturing and Supply chain. Bolloré’s replacement as executive vice president in charge of manufacturing and supply chain will be Jose Vicente de los Mozos, reporting to Bolloré. The new position of Chief Performance Officer will be filled by Jérôme Stoll, with responsibilities for Sales & Marketing function, and coordinating Renault’s international operations, which apparently will have more autonomy. Michael van der Sande was named senior vice president for Marketing, replacing Stephen Norman, a member of Renault’s management committee, whose future appointment will be announced separately. Bolloré and Stoll will both report to Ghosn, whose published statement said, “Our objective was to take fast, transparent action by putting in place a clear and simple organization. The aim is threefold: to accelerate and expand our ongoing progress, to ensure performance at Group level and to give the regions more responsibility.”

Biographies after the jump. (Read More…)

The  Mégane Renaultsport that our E.I.C pro tempore liked so much is going to get a new look along with the rest of the  Mégane lineup. The idea is to harmonize the Mégane, one of Renault’s core models, with more recently introduced cars like the Clio, to strengthen brand identity. The changes include the larger grille that is used on the company’s latest models along with a new bumper, hood and elliptical headlights.

The departure of Carlos Tavares is barely 24 hours old, but we’re already getting reports of the genesis of Tavares’ exit, which was only partially brought about by his public courting of North American OEMs.

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A surprise announcement from Renault early this morning, with the firm announcing the departure of COO Carlos Tavares. According to Renault, his departure is effective immediately, with the Wall Street Journal reporting that his resignation comes as a result of a “negotiated agreement”. Weeks ago, Tavares mentioned that he felt it unlikely that he’d ever assume the top spot at Renault, suggesting that he could be CEO of Ford or GM instead.

Following PSA’s exit from Iran last year, Renault is the latest French car maker to leave the Middle Eastern country, thanks to American derived sanctions.

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Nearly 9 years ago, a small car from an obscure, nearly-defunct Romanian brand was launched with little fanfare. The Dacia Logan was – and still is – a basic vehicle designed to be sold for very little money and provide honest, basic transportation for emerging markets. Few would have predicted that in nearly a decade of sales, it would spawn Renault’s top-selling nameplate while bringing in profit margins that were once reserved for premium marques.

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The wraps are finally off the first Datsun in decades – dubbed the Go, this will be Nissan’s major push into low cost motoring, with a starting price under $6,700.

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Renault hopes to get going on its foray into China, and to sign a joint venture agreement with Dongfeng, Reuters says. “We are waiting for an official invitation from the Chinese industry ministry,” Reuters heard from an insider. Rumors of an impending JV kept Chinese media guessing and speculating for years. (Read More…)

We may have one of those really rare cases where Formula 1 racing leads to honest, provable new car sales. The UK boutique builder  Caterham “is developing a crossover SUV and a subcompact car with Renault, Chairman Tony Fernandes” told Reuters. The cars should be launched “soon after the first sports cars due in 2016 under the Caterham and Renault Alpine brands,” the wire says. (Read More…)

Happy Canada Day. We here in America Jr. will be spending the day in polite celebration, perhaps a few pages of a Margaret Atwood novel, perhaps a little Tom Cochrane, perhaps two or three fireworks set off in celebration of our continuing success in exiling all our worst citizens to the Los Angeles music industry; perhaps just a little self-reflection on life in a land where most of the population settles at the bottom, leaving huge expanses of airy nothingness above – less a country than a enormous family-sized bag of potato chips.

We build cars here in Canada. We make Hondas and Chevys and Fords and Dodges, and some of them we drive, and some of them you drive, but they’re not really Canadian cars, per se. The ideal of the Canadian car remains the Bricklin SV-1, Canada’s DeLorean. Neat car, that thing, with motorized gullwing doors and an integrated roll-cage. I seem to remember as a kid I had a Transformer that looked just like it. Well actually, considering the SV-1’s issues with acrylics, perhaps it was a Go-Bot.

Anyway, as today is a day for a celebration of all things maple-syrup flavoured, I’d like to take minute or two of your time and talk about a much less well-known Canadian-built car that is extremely interesting and very slightly crappy. It all starts with a man with the quite silly name of Jacques About, and before you ask, no, that is not pronounced “aboot”. (Read More…)

Did you know that the Duster is the highest selling Renault car in the first five months of 2013? The Duster has changed the fortunes of Renault India, selling 5000 units on an average every month, accounting for 80% of Renault’s sales in India. The Renault Duster and Ford EcoSport are big competitors all over the world. In Brazil, the EcoSport has been outselling the Duster. Both cars are compact SUVs with a front-wheel drive layout and monocoque chassis (the Duster is also offered with 4-wheel drive in select markets but not in India). The competition between both vehicles is extremely intense. Both cars are manufactured in India with heavy localisation (the Duster is already being exported to Europe, while the EcoSport will soon be exported to Australia, South Africa and Europe).

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Despite being one of the most antiquated vehicles in Renault’s lineup (at least from a technology standpoint), the Dacia Duster is still its most popular. Through the first 5 months of the year, the Duster sold 155,729 units in Europe, besting the Clio (139,397 units) Megane (133,116 units) and Sandero (124,918).

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Europe’s car market may still be in the dumps, but our favorite maker of plucky Romanian low-cost transportation is doing just fine, thank you very much.

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