LONDON - Motorsport entrepreneur Dave Richards is set to take a controlling stake in the Renault Formula One team, according to a report in Friday's edition of The Times. Richards, owner of the Prodrive motorsport team and chairman of British luxur
Renault signed an agreement with the other shareholders in Russia’s Avtovaz on Friday that will see Russia’s government pump another Rbs50bn ($1.7bn) into the near-bankrupt carmaker, and its French carmaker partner contribute €240m worth of technolo
Russian prime minister Vladimir Putin and Renault are due to sign a memorandum of understanding on restructuring Avtovaz on Friday, but the French carmaker on Thursday again dismissed speculation that it would contribute cash to a bail-out of its tr
Carlos Ghosn, Renault and Nissan chief executive, on Tuesday pledged that a low-cost car the group is planning to make with an Indian partner would be cheaper to produce than the Tata Nano, the world’s cheapest car.Mr Ghosn said the “ultra low-cost
TOKYO - Japan's Nissan Motor Co plans to invest 50 billion yen to boost battery production for electric vehicles produced by its French partner Renault, a report said Tuesday. Automotive Energy Supply Corp., Nissan's joint venture with the NEC gro
PARIS - French car maker Renault reported an 11-percent drop in quarterly earnings on Thursday but said the decline was slower than the first half of the year and sales had picked up. Group revenues declined 11.3 percent year-on-year in third-quar
A top Russian official said Renault had expressed willingness to invest in Avtovaz although the French company said it had no plans to inject cash into its ailing Russian affiliate.The remarks by Igor Shuvalov, Russia’s first deputy prime minister,
Motor sport’s ruling body on Monday drew back from throwing Renault out of Formula One over the “Crashgate scandal, handing the French car manufacturer’s team a two-year suspended ban for ordering one of its drivers to crash during last year’s Singa
online 21