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BEIJING: Nissan Motor Co. plans to repatriate more than $1 billion in cash from its Chinese subsidiary, according to people familiar with the matter, a sign the Japanese automaker is building its financial firepower amid tensions with French partner Renault SA.
SINGAPORE: Anglo-Malaysian Formula One outfit Team Lotus confirmed on Sunday it was extending its Renault engine deal through to the end of 2013 and said its aim was to continue to work together when new engine regulations come into force the following year.
RENAULT will supply engines to the renamed Lotus Racing as well as championship leaders Red Bull and their own Formula One team in 2011, the French manufacturer said on Friday.
PETALING JAYA: Tan Sri Tony Fernandes has teamed up with European car maker Renault to design, develop and build future sports vehicles including sports utility vehicle (SUV) and city cars that are affordable to the mass market. The first car will roll out from the production line in 2015.