Ghosn Says Plummeting Ruble Will Cause a “Bloodbath” for Automakers in Russia
Cars

Ghosn Says Plummeting Ruble Will Cause a “Bloodbath” for Automakers in Russia



Russia's energy-dependent economy is taking a hard hit. The ruble lost half of its value this year and many companies (automakers included) have suspended part of their activity in the country; Renault-Nissan is no longer taking orders, and its CEO, Carlos Ghosn, says we should prepare for worse, although hope is not all lost.
Read more »




- Vw Pulling Out Seat Brand From Russia On January 1 Next Year
VW has announced that it will stop selling Seat cars in Russia by early next year because of the country’s economic downturn and weakening ruble. In September, Opel Group announced that it would scale back production in Russia citing similar reasons....

- Carlos Ghosn Officially Confirms Rebirth Of Datsun Brand In 2014, Reveals New Logo
A couple of weeks back, we told you about the rumors regarding Nissan's plans to revive its Datsun brand for emerging markets. Today, Renault-Nissan Alliance CEO Carlos Ghosn made it official during a visit to Indonesia where he met with the country's...

- Renault To Increase Output Of Its Brazilian Factories By 100,000 Units In 2013
Brazil is currently Renault’s third biggest market, behind only France and Germany. This year, the French company sold 133,158 Renault passenger cars and 30,672 Renault and Nissan LCVs and, according to the company’s CEO, Carlos Ghosn,...

- Nissan To Begin Production Of X-trail And Teana Sedan In Russia
Prime Minister Vladimir Putin and Nissan president Carlos Ghosn took part in the opening ceremony of the Japanese automaker's first plant in Russia on Tuesday. Located at St. Petersburg, Nissan's new US$200 million assembly plant has a production...

- Carlos Ghosn Elected President Of European Automobile Manufacturers' Association
The titles just keep on coming in for Carlos Ghosn who has been elected by the Board of Directors of ACEA, the European Automobile Manufacturers' Association, as its new President. Carlos Ghosn, CEO and President of Nissan since 2000 and 2001 respectively...



Cars








.