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Renault, Nissan and UniCreadit Bank to Create JV for Auto Loans in Russia


Today, February 14th, Renault and Nissan announced their plans to form a JV with Italian bank Unicredit, to offer loans to vehicle customers in Russia. The Renault-Nissan alliance will own 60% of the joint venture and UniCredit will have the rest of 40%. Although the auto market growth in Russia has begun to slow, analysts still expect this market to surpass ...
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Renault and Dongfeng to Launch JV in China
Renault and Dongfeng plan to launch a $1.2 billion car-making JV, as the French automaker aims at expanding in China. This future joint venture will have an initial production capacity of ...
Renault and Nissan Plan to Strengthen Their Alliance
Renault and Nissan plan to strengthen their alliance to compete with VW and be prepared for CEO Carlos Ghosn possible succession. The two automakers have already doubled their joint savings target ...
VW Financial Services and Allianz Pan Car Insurance JV
Volkswagen Financial Services and Allianz SE will form a JV to sell car insurances to VW customers all over the world. The joint venture will be called Volkswagen Autoversicherung AG and ...
Jaguar Land Rover and Chery receive permission to form JV
Jaguar Land Rover (JLR) and Chery Automobile have been granted regulatory approval to form a joint venture in China, the Chinese automaker announced. The two companies are planning a $1.92 billion ...
Volvo Will Introduce 10 New Models in China in the Next Five Years
Volvo plans to expand in China by launching 10 new models in the following 5 years. Volvo, which is owned by Chinese auto maker Geely, currently has 6 models in China ...
Beijing Foton Daimler Automotive JV Began Production of Auman Trucks
The Beijing Foton Daimler Automotive produced its first Auman-brand truck at the Huairou plant. “The joint production of our first Auman truck under BFDA is the result of thorough planning and ...
Shanghai GM Sold in May More Than 110,000 Units in China
In May Shanghai managed to reach a total of 110,503 Buicks, Chevys and Cadillacs sold in China, up 14.9% for the JV. From January until May Shanghai GM sold 555,280 units, ...
Daimler and Bosch agreed to produce an electric engine
German car manufacturer Daimler and supplier Bosch have signed an agreement in order to produce an electric engine. The new agreement between the automaker and the supplier is a 50-50 percent ...

latest automotive news
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