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French government vows Renault reform after meeting with Ghosn
Fri, 18 Mar 2011The French government will see to it that the individuals responsible for the now debunked Renault SA espionage affair are dealt with, the Finance and Industry ministers said in a statement. "The ministers underscored that they will pay close attention to organizational reform and individual responsibility (at Renault) based on the result of the audit," Finance minister Christine Lagarde and Industry Minister Eric Besson said in a joint statement after meeting with Renault CEO Carlos Ghosn on Thursday. The French state, which owns 15 percent of Renault, has called for a thorough investigation into discredited claims that three Renault executives were spying on the carmaker, possibly for a foreign government.
2014 Volvo XC90 on track as part of £3.5 billion investment in Sweden
Tue, 04 Dec 2012Volvo are investing £7 billion in their future – half of that in Sweden – and the first model to benefit will be the long overdue 2014 Volvo XC90. Just like all of Ford’s premium automotive adventures - Land Rover, Jaguar and Aston Martin included – Volvo has suffered from a long period of under investment but now – with China’s Geely in charge – they’re forging ahead with big investment and big plans to try and emulate the turnaround Tata has accomplished at JLR. That means an investment of £7 billion over the next three years – £3.5 billion of that in Sweden – in a new scalable architecture (SPA) platform and new Volvo engine architecture (VEA) to underpin most of Volvo’s future models.
Peugeot RCZ Asphalt revealed
Fri, 22 Oct 2010The Limited Edition - just 500 being made - Peugeot RCZ Asphalt Peugeot are doing very well with the Audi TT bashing RCZ. In fact, so our sources tell us, Peugeot dealers can’t get hold of enough RCZs to satisfy demand. And we’re not surprised.