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French government vows Renault reform after meeting with Ghosn

The 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.

Kia goes (dark) green

By Jesse Crosse Motor Industry 23 September 2008 11:00 Kia has unveiled a portfolio of new environmental technologies, including a 1.4-litre Ceed with stop-start (due in the UK in 2009), a Ceed hybrid and the latest version of its fuel cell-powered Sportage. The Korean manufacturer is investing heavily in research and development and will increase its spend on R&D from £2.2 billion this year to £2.6 billion by 2010, combined with a 40 percent increase in manpower at its research centres around the globe. The money is being spent on developing downsized, turbocharged engines, efficiency improvements to conventional engines such as friction reduction and the separation of accessories like water pumps from the engine.

Dacia Lodgy

Renault's budget brand, Dacia, is set to further its position as Europe's fastest growing automotive manufacturer with the introduction of the Lodgy. The five- or seven-seat MPV will be introduced at the forthcoming Geneva motorshow and promises to offer the brand's trademark qualities of value for money and robustness. Externally, there are visual links between the Lodgy and the products of its parent company, with the car sharing a similar silhouette to the Grand Scenic.