The emerging car market in India isn’t emerging fast enough to keep some car companies alive. Three years after Renault started to build its low-cost Logan in India, Renault is pulling out. The ho-hum sales come as no surprise to the attentive TTAC reader. As previously noted, India sells in a year what China consumes in a month in terms of cars. (Read More…)
Driving the Renault Mégane R26.R on the snow-covered L-10–a public road-cum-rally track near the famous Nürburgring–is an unforgettable affair. And not simply because summer tires and slush don’t mix. This particular Mégane is a stunning piece of machinery in any condition: no Stateside machine comes even remotely close. And unlike most European unobtainium, it’s no sculpted, Teutonic monument to cash-flow either. It’s French. Cheap gas, Japanese quality and the Detroit-centric Eisenhower Interstate System have given Americans no reasons to contemplate, let alone lust after, French cars in the modern era, but not having this Ferrari-killing hatchback on crack is a bummer. The Mégane R26.R is so wrong it’s gotta be right.
The European Car Manufacturers Association has released its March numbers for Europe. At first glance, they are promising: New car registrations in the EU (as defined in Brussels) were 10.8 percent higher than in the same month of 2009. In the EU27 plus EFTA (including Iceland, Norway and Switzerland) registrations rose 11.1 percent. From here on, we will use the EU27 plus EFTA definition, just like the industry usually does.
A lot of the growth is the last hurrah caused by expiring cash-for-clunkers programs. Then, there is the Ford surprise, which we had been tracking since yesterday. (Read More…)
You may not know that Cammy is a Chemist by trade. With a degree at college and university. If you bug me, I know enough to blow you up. That aside, in chemistry, there is a theory called “Le Chatelier’s Principle”. It states that:
“If a chemical system at equilibrium experiences a change in concentration, temperature, volume, or partial pressure, then the equilibrium shifts to counteract the imposed change and a new equilibrium is established.”
Now why am I telling you this?
The BBC reports that Daimler is deserting Iran. (Read More…)
Who was Europe’s leading brand in March?
Volkswagen? Wrong.
PSA? Wrong.
Renault? Wrong. (Read More…)
Dr. Z. is glad that yesterday’s annual stockholders meeting in Berlin is behind him. To fend of criticism, Zetsche had to set ambitious goals: Daimler’s sales will grow twice as fast as the industry average. Good luck with that. (Read More…)
Guess who was matchmaker for Daimler’s three-way tie-up with Renault and Nissan? The Nikkei [sub] thinks it was Volkswagen. VW’s alliance with Suzuki “spooks Daimler into thinking small,” says the Tokyo business paper. And that’s quite a change for formerly bigthinking Daimler. (Read More…)
Having just sealed the three-way tie-up between Renault, Nissan, and Daimler, Carlos Ghosn already lusts for more. At a press conference in Brussels, Ghosn said the alliance is open to new partners to get in bed with. Muses The Nikkei [sub]: “He may envision a grand coalition of Japanese, European and U.S. automakers.” (Read More…)
That was a marriage in heaven but didn’t end up in heaven. We start on earth this time and stay there.
Daimler CEO Dieter Zetsche, explaining the difference between Daimler-Chrysler and the new Daimler-Renault-Nissan alliance in Automotive News [sub].
So today, Renault, Daimler, and Nissan did what we said they would do and announced a three-way tie-up. Which is good, because we are running out of inappropriate pictures. The marriage goes far beyond the exchange of symbolical stock holdings. (Read More…)
After reading the tealeaves and other more reliable indicators, it looks like Renault, Nissan, and Daimler will announce their happy three-way partnership and cross-shareholdings on Wednesday. (Read More…)
The UK gets a bit of a harsh stereotype. Allegedly, we’ve got bad teeth, drive on the “wrong side of the road” and are very reserved (apparently, that’s a bad thing). We also call ads or TV commercials “adverts.” We may be odd, but believe it or not, we can kick “bottom” when we feel like it. Now I could point to the Burning of Washington, but I’ve been advised by Führer Schmitt that this may be “too soon,” and could “hurt their feelings.” Nor will I point to Waterloo or the Iranian Embassy Siege. What I’m pointing to is the Advertising Standards Agency (ASA). They are quite a rabid bunch. If they don’t like something, they’ll kick its bottom and ban it. Like this advert, or this one. They’re also quite hard on automotive adverts, too. In 2007, the ASA banned an advert from Toyota about the Prius for being “misleading” (you can watch the advert here). And now, Renault is copping it in the neck (as we fancy to say.) (Read More…)
I’m running out of gratuitous tie-up pictures, so let’s celebrate the good news with a video: The Nikkei [sub] sends us the news that Nissan and Daimler “are in the final stages of negotiations to obtain stakes of less than 5 percent in each other.” This comes on the heels of yesterday’s news that Daimler and Renault will exchange shares. With Nissan joining the couple, the tripartite axis will be perfect. No Italians this time. (Read More…)
After long hand-holding and necking, Daimler and Renault finally seem to progress to third base. The Financial Times reports that the French and the Germans “are in the final stages of wide-ranging strategic partnership talks that would involve the German and French car makers taking ‘symbolic’ minority stakes in each other.” (Read More…)
Carlos Ghosn was in India on Tuesday, juggling a lot of eggs and covering a lot of bases. The official reason for his visit was the opening of the new Renault-Nissan plant in Chennai, but Ghosn’s arrival set off a flurry of R-N related news in the Indian press.
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