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Business 29 Jul 2019 | 4:38 AM Premium

Europe about to find out how bad the economy is

ZURICH: Mario Draghi didn’t pull his punches when he said the economic outlook is getting "worse and worse.” This week, he’ll get more insight into how bad it really is out there.

Business 27 Jul 2019 | 12:00 AM Premium

Renault lowers sales outlook as market slowdown takes hold

PARIS: Renault SA lowered its outlook for full-year sales as the French carmaker grapples with an auto market downturn and dismal results from partner Nissan Motor Co.

Business 26 Jul 2019 | 10:12 AM Premium

TCMH, SAIC Motor signs MoU to expand business in Vietnam

KUALA LUMPUR: Tan Chong Motor Holdings Bhd (TCMH) has signed a memorandum of understanding (MoU) with China carmaker SAIC Motor International Co Ltd to expand their automotive business in Vietnam.

Business 26 Jul 2019 | 8:36 AM Premium

Nissan to cut 12,500 jobs as its profit plunges

Eight months after Ghosn’s arrest, company struggles to turn corner as festering problems in the U.S. worsen

Business 20 Jul 2019 | 12:00 AM Premium

National cars maintain lead

National carmakers Proton and Perodua dominate sales over their foreign counterparts in the first half of this year as more customers traded their cars for more competitively-priced sport-utility vehicles (SUVs) despite the uncertain economic conditions.

Business 18 Jul 2019 | 12:00 AM Premium

European car sales resume downward spiral

MUNICH: European car registrations fell sharply in June, resuming a downward spiral this year that has seen profit warnings at German manufacturer Daimler AG and a quarterly automotive division loss at rival BMW AG.

Business 17 Jul 2019 | 12:00 AM Premium

Renault sees new model push softening sales decline

PARIS: French carmaker Renault posted a 6.7% decline in first-half vehicle sales amid a global auto slowdown.

Business 26 Jun 2019 | 12:00 AM Premium

Nissan approves new board

TOKYO: Nissan Motor Co shareholders voted in favour of a new board and director committees that are set to ease tensions with partner Renault SA as the companies chart a path forward for their two-decade-old alliance.

Business 25 Jun 2019 | 5:10 AM Premium

Nissan pours cold water on hopes for quick fix to Renault strain

YOKOHAMA: Nissan Motor on Tuesday threw cold water on hopes for a quick-fix to its strained relations with France's Renault SA, saying inequality between the partners could unravel their two-decade-old automaking alliance.

Business 23 Jun 2019 | 10:34 PM Premium

France Launches probe over Ghosn's wealth

Paris: The French fiscal administration has launched an in-depth probe into the wealth of former Renault-Nissan Chairman Carlos Ghosn, French daily Liberation reported on Sunday, citing sources.