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Suzuki seeks end to partnership with Volkswagen
Mon, 12 Sep 2011Suzuki Motor Corp. Chairman Osamu Suzuki on Monday said he plans to end his carmaker's turbulent two-year capital alliance with Volkswagen AG, citing concerns about independence and a dearth of technological exchanges and joint projects from the tie up. The spry, 81-year-old Suzuki executive compared the breakup to a divorce and said the two companies should "say goodbye with a smile" instead of trading bitter accusations.
Volvo V60 Polestar (2013) first official pictures
Tue, 26 Nov 2013By Ollie Kew First Official Pictures 26 November 2013 10:00 This is the new Volvo V60 Polestar: a production-ready, 342bhp estate that Volvo will sell in the UK in 2014. That’s right, after the concept-only S60 Polestar and C30 Polestar, Volvo’s finally putting its performance arm’s money where its mouth is. American and mainland European buyers will be able to buy a saloon S60 Polestar, but we Brits only get the wagon V60.
Carlos Ghosn's automaker mantra: Go big or you'll go away
Tue, 25 May 2010Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.