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REUTERS/Aly SongBEIJING/TOKYO, Nov 7 (Reuters) - Nissan Motor Co's (7201.T) concerns about technology transfers have complicated its partner Renault's (RENA.PA) plans to sell a large stake in its gasoline-engine business to China's Geely (0175.HK), three people familiar with the talks said. Nissan's concerns about technology rights have also been one reason why it has yet to reach a preliminary agreement to invest in Ampere. Renault has a 43% stake in Nissan while the Japanese automaker has a 15% non-voting stake in Renault. People with knowledge of the talks have said the two sides have been discussing a reduction in Renault's stake in Nissan, potentially to 15%. Uchida also said Nissan wanted to see a “fair treatment” of its interests in any new partnership Renault strikes with Geely.

TOKYO, Nov 4 (Reuters) - Nissan Motor Co's (7201.T) talks with Renault SA (RENA.PA) are focused on optimising their investment in electric vehicles and strengthening their competitiveness as equal partners, the Japanese automaker's CEO told Reuters on Friday. Nissan Chief Executive Makoto Uchida declined to comment on whether an agreement could be reached this month. But he said he was talking with Renault Chief Executive Luca de Meo every weekend and the talks would be "ongoing for the future." Nissan is also considering investing in Renault's planned electric vehicle unit, the companies said. "We want it to be an equal partnership," Uchida said, adding that an "equal partnership would make sense and that would speed up the collaboration even more."

☆ Nissan, Renault talks focused on optimising EV investments-Nissan CEO
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Nov 4 (Reuters) - Nissan Motor Co's (7201.T) negotiations with its partner and top shareholder Renault SA (RENA.PA) are focused on optimising their investment in electric vehicles and improving the competitiveness of the alliance, the Japanese automaker's CEO told Reuters on Friday. Negotiations between Renault and Nissan are ongoing with less than two weeks remaining to meet a Nov. 15 target the automakers had set to reach a deal, according to people with knowledge of the talks. Nissan's Chief Executive Makoto Uchida declined to comment on the timing of potential deal with Renault and whether it can be done this month. Nissan is considering investing in Renault's planned electric vehicle unit, the companies said last month. That unit includes Renault production sites in Spain, Portugal, Turkey, Romania and Latin America.

☆ Mitsubishi Motors says no decision yet on investing in Renault's new EV unit
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Nov 2 (Reuters) - Mitsubishi Motors Corp (7211.T), a junior partner in the Nissan Motor Co (7201.T) and Renault (RENA.PA) alliance, has not made a decision yet on whether to invest in the French automaker's electric vehicle company, a top executive said on Wednesday. Mitsubishi would consider whether taking part in the EV unit would be beneficial for the Japanese automaker's product development in the future, Kato said. The Japanese and French automakers said last month they were in talks about the future of their alliance, including Nissan potentially investing in the electric vehicle business being spun out of Renault. Mitsubishi will likely invest a few percent in the new Renault unit to retain its alliance relationship, Reuters reported last month, citing a person familiar with the matter. Reporting by Satoshi Sugiyama; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Nissan mulls taking up to 15% stake in Renault's planned EV unit - report
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: 1 min

TOKYO, Oct 27 (Reuters) - Japan's Nissan Motor Co is considering investing up to a 15% stake in Renault SA's planned electric vehicle (EV) unit, Kyodo news agency reported on Thursday, as the two companies negotiate an overhaul of their decades-old partnership. The Japanese and French automakers said this month they were in talks about the future of their alliance, including Nissan potentially investing in the electric vehicle business being spun out of Renault. No further details were immediately available. Nissan said it had no comment to make beyond a joint statement issued by the two firms earlier this month, in which they said they were engaged in discussions on a number of issues, including the EV unit. Reporting by Satoshi Sugiyama; Writing by Elaine Lies; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla's Model Y tops new car registrations in Europe in September - report
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

Oct 27 (Reuters) - Tesla Inc's (TSLA.O) Model Y topped new vehicle registrations in Europe last month, market research data showed, indicating that the mid-sized SUV from the world's most valuable automaker is fast-becoming a vehicle of choice in the region. This is the first time that Tesla's sports utility vehicle has led the rankings in Europe, London-based JATO Dynamics said on Wednesday as 29,367 Model Y cars were registered last month, up 227% from last year. The Model Y is one of the most successful cars from Tesla, which has produced 879,346 units so far this year compared to 906,032 units in all of last year. The sales surge for Tesla's Model Y underscores its effort to ramp up production at its plant in Berlin, Germany, which opened in March and now produces 2,000 cars per week. Earlier this month, Tesla had warned of logistical challenges are likely to hamper vehicles deliveries in the near term.

☆ Renault says price hikes help sales grow in Q3, confirms outlook
▼ + stars: | 2022-10-21 | by ( Gilles Guillaume | ) www.reuters.com time to read: +2 min

Overall group revenues grew by 20.5% when adjusted for the disposal of its former Russian unit Avtovaz, Renault said, adding that it had recorded its best-ever price effect as quarterly vehicle sales decreased by 2.4% from last year. Register now for FREE unlimited access to Reuters.com RegisterRenault's third-quarter sales figure of 9.8 billion euros was in line with an analyst consensus provided by the company. Renault is Nissan's largest shareholder with 43% while the Japanese automaker owns 15% in its partner. The two companies said last week they were in talks about a new phase in their partnership that could include Nissan investing in Renault's new electric vehicle venture. Talks so far have included consideration of Renault selling some of its Nissan stake, sources have said.

☆ France: keen that Renault keeps industrial and technological advantages in Nissan alliance
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +1 min

PARIS, Oct 18 (Reuters) - French Finance Minister Bruno Le Maire said he would hold further talks with Renault (RENA.PA) chief executive Luca de Meo regarding Renault's alliance with Nissan (7201.T) and that France was keen for Renault to hold onto its industrial and technological advantages. "I will talk about it soon with Luca de Meo, we are in talks with Luca de Meo. We just want to make sure that the decisions taken by Renault keep the alliance between Renault and Nissan, and that it will be in the interests of Renault, in terms of technologies and platforms," said Le Maire at the Paris Car Show. Renault is Nissan's largest shareholder with 43% while the Japanese automaker in turn owns 15% in Renault. Register now for FREE unlimited access to Reuters.com RegisterReporting by Gilles Guillaume; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.

☆ As carmakers unveil new EVs, France ups subsidies for poorer buyers
▼ + stars: | 2022-10-17 | by ( Gilles Guillaume | ) www.reuters.com time to read: +3 min

PARIS, Oct 17 (Reuters) - Renault (RENA.PA) and Stellantis (STLA.MI) unveiled new French-made electric vehicles (EVs) at the Paris Motor Show on Monday, as President Emmanuel Macron announced bigger subsidies for poorer families to buy EVs and pushed for more local production. Register now for FREE unlimited access to Reuters.com RegisterMost EVs are currently more expensive than fossil-fuel equivalents and are unaffordable for many. "We have an industrial strategy in place for people to buy more and more French (cars)," Macron told Les Echos. The electric versions of Stellantis' Peugeot 308 sedan and larger Peugeot 408 unveiled on Monday will be assembled in Mulhouse in eastern France. The Renault 4 will join the new electric Kangoo, produced in Maubeuge, and new Mégane manufactured in Douai, also in northern France.

☆ As Renault unveils new EV, France hikes subsidies for poorer buyers
▼ + stars: | 2022-10-17 | by ( Gilles Guillaume | ) www.reuters.com time to read: +3 min

A woman holds a cable to charge up a Renault Kangoo ZE electric utility vehicle at a Renault automobile dealership in Cagnes-Sur-Mer, France, October 22, 2020. REUTERS/Eric Gaillard/File PhotoPARIS, Oct 17 (Reuters) - Renault (RENA.PA) unveiled its new French-made electric Renault 4 at the Paris Motor Show on Monday, as President Emmanuel Macron announced bigger subsidies for poorer families to buy electric vehicles (EV) and pushed for more local production. He added a "social leasing" scheme helping low-income families access an EV for 100 euros per month would start in early 2024. "We have an industrial strategy in place for people to buy more and more French (cars)," Macron told Les Echos. Asked about boosting subsidies for European-made EVs, as the United States has done with its recently-passed Inflation Reduction Act, Macron told Les Echoes he had favoured this approach for years.

☆ EVs, hybrids to make up 40% of Renault brand 2022 Europe sales -exec
▼ + stars: | 2022-10-17 | by ( Gilles Guillaume | ) www.reuters.com time to read: +2 min

A woman holds a cable to charge up a Renault Kangoo ZE electric utility vehicle at a Renault automobile dealership in Cagnes-Sur-Mer, France, October 22, 2020. REUTERS/Eric Gaillard/File PhotoPARIS, Oct 17 (Reuters) - Fully electric and hybrid vehicles in 2022 have almost doubled as a percentage of the Renault (RENA.PA) brand's European sales over the last two years, an executive said ahead of the Paris Motor Show. In 2021, electrified models accounted for around a quarter of the Renault brand's European sales and around a third in the first half of 2022. It will unveil them at the Paris Motor Show. This year's Paris Motor Show is the first since 2018, when it attracted more than a million visitors.

☆ Carmaker Nissan just sold its Russian business for less than $1 to a state-owned company, chalking up nearly $700 million in losses as it exits the country
▼ + stars: | 2022-10-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Carmaker Nissan said it is exiting Russia and selling its operations to state-owned NAMI for under $1. The deal gives Nissan the option to buy back the entity and its operations within the next six years. The deal allows for the Russian operations to continue and preserves 2,000 jobs in the company. However, the deal gives Nissan the option to buy back the entity and its operations within the next six years, the carmaker added. Nissan suspended its Russian operations in March after the country invaded Ukraine on February 24, triggering sweeping sanctions against Moscow.

SEOUL, Oct 11 (Reuters) - Renault (RENA.PA) Chief Executive Luca De Meo said on Tuesday the automaker was looking to find a partner for a carve-out of its combustion-engine business that would bring scale and drive down costs on technology, including hybrids. Register now for FREE unlimited access to Reuters.com RegisterDe Meo said Renault was in talks with the French government over its evolving strategy. De Meo has said Renault needs new partnerships because of the scale of the investment needed to shift toward battery-powered cars and charging. In exchange for investing in the EV venture, Nissan is looking to Renault to reduce its stake in the Japanese automaker, a person familiar with the talks said. Renault currently owns about 43% of Nissan, which in turn has a 15% stake in its long-term partner with the French state holding another 15%.

The Renault CEO was scheduled to speak to reporters in Seoul on Tuesday evening, his first public appearance since news broke of the talks with Nissan. In exchange for its investment in Renault's EV unit, Nissan has asked Renault to take steps to sell down its 43% stake in Nissan, people with knowledge of the talks have said. Nissan has a 15% stake in Renault, as does the French government, but the Japanese automaker does not have voting rights. Nissan would also have to sign off on the plan for Geely to take a large stake in Renault's gas-engine business, code-named "Horse." Volvo and Geely created a joint-venture under the name Aurobay to shift their own combustion-engine business into a new stand-alone business.

☆ Renault and Nissan confirm talks over future of their alliance partnership
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +1 min

PARIS, Oct 10 (Reuters) - PARIS, Oct 10 (Reuters) - French carmaker Renault (RENA.PA) and its Japanese partner Nissan (7201.T) said they were holding "trustful discussions" about the future of their alliance, adding that Nissan was considering investing in Renault's future electric vehicle unit. "The companies continue to drive structural improvements to ensure sustainable Alliance operations and governance. Any further communication will be done in due course by the Alliance members," added Renault and Nissan in a joint statement on Monday. Renault shares were up 5% in early session trading, making the stock the best performer on France's benchmark CAC-40 equity index (.FCHI). Register now for FREE unlimited access to Reuters.com RegisterReporting by Tassilo Hummel; Editing by Sudip Kar-Gupta and Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

The talks, which could prompt the biggest reset in the alliance since the 2018 arrest of longtime executive Carlos Ghosn, have included consideration of Renault selling some of its Nissan stake, two people with knowledge of them said. Renault and Nissan said in a joint statement that they were "engaged in trustful discussions around several initiatives" including a potential Nissan investment in the EV venture and what they called "structural improvements" in their alliance. In exchange for investing in the EV venture, Nissan is looking to Renault to reduce its stake in the Japanese automaker, a person familiar with the talks said. Nissan may consider raising funds to buy back the shares held by Renault, one person told Reuters. Nissan may need to raise funds to buy the shares back from Renault, the source added.

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