Renault–Nissan–Mitsubishi Alliance

U.S.-European auto giant Stellantis, whose brands include Fiat, Jeep and Peugeot, reported yesterday a record net profit in the first six months of the year, boosted by higher prices for its vehicles.

Japanese automaker Nissan will sell its Russian assets, including a factory in Saint Petersburg, to the Russian government, the Ministry of Industry and Trade in Moscow said yesterday.

The announcement comes after Nissan suspended production at the plant in Russia's second city in March, shortly after Moscow sent troops to Ukraine.

French carmaker Renault said yesterday that sales of its conventional and electrical vehicles fell in the first half of this year, impacted by the worldwide shortage of semiconductors.    

It said it sold 1,000,199 units in the first half of 2022, down 12 percent compared to the same period last year. 

The data for both years did not include sales in Russia.     

French authorities have issued an international arrest warrant for disgraced former Nissan boss Carlos Ghosn, who has lived in Lebanon since his daring getaway from Japan in 2019.

Nissan is working with the U.S. National Aeronautics and Space Administration (NASA) on a new type of battery for electric vehicles that promise to charge quicker and be lighter yet safe, the Japanese automaker said on April 8.

The all-solid-state battery will replace the lithium-ion battery now in use for a 2028 product launch and a pilot plant launch in 2024, according to Nissan.

Ljubljana – Slovenia’s competition watchdog has found Renault Nissan Slovenija and four other companies have been colluding against competition in repair and maintenance of Renault vehicles through a cartel agreement for over ten years. One of the companies has admitted its involvement and provided further evidence in exchange for a milder sentence.

Nissan on Feb. 8 hiked its annual net profit forecast again on strong interim results, aiming to weather the global chip shortage as it shifts focus to electric vehicles.

The Japanese car giant now expects yearly net profit to March 2022 of 205 billion yen ($1.8 billion), having already tripled its annual profit outlook in November to 180 billion yen.

Group Renault announced on Friday it was suspending planned capacity increase projects in Romania and Morocco as part of a plan to reduce fixed costs globally. According to a press statement released by the French group, the objective of reducing fixed costs by more than 2 billion euros over 3 years aims to restore the group's competitiveness and ensure its long-term development.

Japanese authorities on Jan. 30 issued warrants for a former U.S. special forces soldier and two other men on suspicion of smuggling former Nissan Motor Co boss Carlos Ghosn out of Japan.

Warrants were issued for former U.S. Green Beret Michael Taylor and two other men, George-Antoine Zayek and Peter Taylor, prosecutors said in a statement.

Lebanon will not extradite the former chief executive of Nissan - Carlos Ghosn in Japan, where he is facing a series of financial charges, Nikkei Asian Review agency said on Wednesday, citing a Lebanese court official.