In 2008, the Renault-Nissan Alliance paid $1 billion for a 25 percent share in former General Motors partner AvtoVAZ, Russia’s largest automaker. By 2014, the European-Japanese alliance expects to own a majority share of the Togliatti-based automaker, reports Automotive News. The companies have agreed to pay AvtoVAZ’s Russian stakeholders approximately $750 million over the next Read on! →


Flying on the heels of Tesla’s successful IPO and popular Roadster vehicles, Renault has released a bit of information about its new DeZir electric vehicle. A luxury concept car, this electric powerhouse will be shown for the first time at September’s Paris Auto Show. The DeZir is beautiful, but it may not be able to Read on! →


The euro zone economic collapse has severely damaged the European auto industry, a plight that calls for realism, noted Nissan Motor Co. and Renault CEO Carlos Ghosn. Ghosn estimated that the European market will suffer “three to four more years of stagnation” before things get better. ‘Planning for the worst’ At an auto industry breakfast Read on! →