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Renault-Nissan alliance gets a reboot as combatants step back

By: Bloomberg     25th January 2019 The strained two-decade marriage of Renault and Nissan Motor is about to get a fresh start. Within hours, the two main antagonists in the crisis that’s paralyzed the world’s biggest automotive alliance have said they’re leaving the stage. Carlos Ghosn, 64, resigned as chairman and chief executive... 

Renault board is said ready to oust Ghosn as chairperson, CEO

By: Bloomberg     16th January 2019 Renault SA is preparing to replace jailed chairperson and CEO Carlos Ghosn after his failed bid for bail in Japan signaled he may remain in detention for months, people familiar with the matter said. Some Renault board members have concluded that a decision is needed fast, after reports that... 

Embrace new auto tech, or pay more for old tech, warns Nissan

By: Irma Venter     30th July 2018 South Africa is behind the curve on the adoption of electric vehicles (EVs), and this is not a sustainable situation, warns Nissan South Africa MD Mike Whitfield. “Industry and government need to cooperate a lot more. We are behind the curve. There are no two ways about it. The interaction... 

Nissan admits to more testing misconduct for cars sold in Japan

By: Reuters     9th July 2018 Nissan Motor said on Monday it had improperly measured exhaust emissions and fuel economy for 19 vehicle models sold in Japan, the second case in less than a year where misconduct has been discovered in its inspection processes. Nissan said it had found sample test environments for emissions and... 

Nissan announces expansion plans in Africa, Middle East & India

14th June 2018 Nissan Motor Co., Ltd. unveiled a major expansion strategy in the Africa, the Middle East and India region today as part of the company’s six-year midterm plan, Nissan M.O.V.E. to 2022. Nissan aims to build on its strengths in markets including South Africa, India, the United Arab Emirates, Egypt... 

Electric car demand boosts companies engaged with lithium 

By: Bloomberg     23rd June 2017 Lithium demand is surging, boosting shares of the companies linked to mining and manufacturing the light metal used in electric-car batteries. Global X Lithium & Battery Tech, an exchange-traded fund of the 27 biggest companies linked to the light metal, has increased 65% in the past 18 months,... 

Bidvest reports increase in trading profits amid challenging conditions

By: Anine Kilian     29th August 2016 JSE-listed Bidvest Group, which unbundled its food-services unit Bidcorp this year, has reported higher earnings before interest, taxes, depreciation and amortisation, which rose 3.9% to R7.3-billion for the year ended June 30, amid a lower net debt, which fell to R5-billion from R7.8-billion. In... 

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