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Japanese car manufacturer Nissan will gradually lower the number of diesel cars that it sells in Europe reducing it to zero. This is a further sign of the weakening demand for this type of cars as customers worry about tax rises, bans, and restrictions related to diesel in many countries. A spokeswoman from Nissan said that there would be a gradual withdrawal of diesel vehicles in Europe. A source last month had said that Nissan would cut hundreds of jobs at its Sunderland plant, which is Britain’s biggest car factory. The car making industry is facing a global regulatory crac...
The Renault-Nissan alliance emerged as the world’s biggest seller of light vehicles in 2017, bumping Volkswagen off the top spot, after the inclusion of Mitsubishi's numbers boosted its final tally. The group sold vehicles in nearly 200 countries under 10 brands, led by China, the U.S., France and Japan. Nissan sales hit a record high of 5.82 million, while French carmaker Renault has reported sales of 3.76 million. Mitsubishi’s sales came in at 1.03 million, bringing total 2017 sales for the group to around 10.61 million light vehicles. Together, the three carmakers beat reco...
You might not know that, but in Japan the relationship between the car dealer and the buyer is a much better one than here, in the U.S.. The last time Shujiro Urata wanted to buy a new car in Japan, his phone happened to ring. It was the local Toyota dealer on the phone, asking him if he was thinking about buying a new car. When he replied in the affirmative, the dealer and a coworker showed up at Urata’s doorstep an hour later with two demo cars, which Urata and his wife test-drove around the neighborhood. The Uratas decided to buy a car from the dealer. The dealer also handles their ca...
If Donald Trump won’t reach the deal with Mexico to substantially revise the North American Free Trade Agreement, he could switch to a bilateral trade pact with Canada. He said to reporters he could envision maintaining free trade with Canada. He spoke at the White House alongside Canadian Prime Minister Justin Trudeau, on a visit to try to convince the U.S. leader of NAFTA's merits as a new round of renegotiations began near Washington. Asked about Trump's comments at a news conference later, Trudeau said he was still optimistic about the chances of modernizing the 19...
China isn’t the only one beating U.S. when it comes to car sales and car production Europe is on its way to do the same. While slowing U.S. sales have hit Ford, its French rival Renault is doing better than ever by reporting a strong performance in Europe, suggesting the European market stays great. US car sales are expected to fall this year from 2016’s record levels, while Europe’s are forecast to rise slightly, in spite of near-record sales last year. Ford announced first-quarter earnings sharply down on the year, with pre-tax profit falling $1.5bn to...
