The latest numbers on the microchip shortage: Renault, Europe feel tighter supply
In the global scramble for missing microchips, Renault has emerged as a new trouble spot
Bloomberg
In the global supply chain scramble for missing microchips, France’s Renault has emerged as a new trouble spot, according to the latest weekly industry report from AutoForecast Solutions.
Europe leads the global industry in this week’s AFS estimate of projected chip-related factory output reductions. Its estimate for cuts at Renault’s Romanian plant alone rose by 92,800 vehicles from a week earlier.
AFS reports that Renault is trimming vehicle output at plants in France, Romania, Turkey and Spain, much as other automakers have trimmed back output at various assembly plants around the world since January.
Renault-Nissan-Daimler cooperation sealed and explained!
8 April 2010 8:49 am / 14 comments
Details of Renault-Nissan’s partnership with Daimler AG have been revealed. The tie-up involves a symbolic stake exchange of 3.1%, which is basically a series of stake exchanges. Daimler will get 3.1% of Renault’s newly issued shares, Daimler will get 3.1% of Nissan shares that Renault current holds, and Renault will get 3.1% of Daimler shares. Renault has agreed to exchange 1.55% of Daimler shares with Nissan for 2% of Nissan shares. Renault and Nissan will each hold 1.55% of Daimler treasury shares.
The press release issued by the two companies also details exactly what the companies will work together on:
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In the beginning was Genesis.
Not the opening book of the Bible nor the prog-rock band fronted initially by Peter Gabriel and then by drummer Phil Collins as it moved steadily more mainstream into pop.
The new Genesis is the name of a luxury Korean car-maker – and the latest Far Eastern brand to hit UK and European shores gunning for the likes of Audi, BMW, Mercedes-Benz, Jaguar Land Rover and Lexus.
It is promising a no-hassle stress-free ‘we come to you’ sales experience that provides home or office delivery and collection, means no haggling or discounting, and ‘removes the need to visit a dealer ever again’.