Renault-Nissan-Mitsubishi, the automotive alliance, announced it has signed a memorandum of understanding with DiDi Chuxing (‘DiDi’), the leading Chinese mobile transportation platform, to explore future business cooperation on a new electric vehicle car-sharing program in the People’s Republic of China.
The Renault-Nissan alliance has emerged as the world’s biggest seller of light vehicles in 2017, bumping Volkswagen Group from the top spot, after the inclusion of Mitsubishi Motors’ sales boosted its final tally.
Renault is poised to raise its bet on Russia, voting with other shareholders in troubled AvtoVAZ to launch an 85 billion ruble (1.2 billion euro) recapitalization in which the French carmaker may be the sole cash contributor.
Czech Renault held a national premiere of model Talisman Grandtour on Thursday, May 19, 2016. Brand managers showed the car in Bukova village, near the city of Pribram.
Renault is recalling 15,800 Captur SUVs to fix pollution-control systems and will offer voluntary emissions-system updates for about 700,000 vehicles as the automaker seeks to avoid a Volkswagen-type crisis.
The French government said it will spend up to 1.23 billion euros ($1.3 billion) to temporarily lift its stake in Renault to protect its influence on the automaker.
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