INSIDER
Congo communities forcibly uprooted to make way for mines critical to EVs, Amnesty report says
Read full article: Congo communities forcibly uprooted to make way for mines critical to EVs, Amnesty report saysThe mining of minerals critical to electric vehicle batteries and other green technologies in Congo has led to human rights abuses, including forced evictions and physical assault.
Atlanta awaits decision on charges in black man's killing
Read full article: Atlanta awaits decision on charges in black man's killingFulton County District Attorney Paul Howard scheduled an afternoon news conference to announce his decision. Garrett Rolfe, the officer who shot the 27-year-old Brooks on Friday night at a fast-food restaurant, was fired after the killing. The Wendy's where Brooks was shot was burned down after his killing. An officer found Brooks asleep behind the wheel of the car, and a breath test found he was intoxicated. An autopsy found that Brooks was shot twice in the back.
French carmaker Renault announces 15,000 job cuts worldwide
Read full article: French carmaker Renault announces 15,000 job cuts worldwideThe headquarters of French carmaker Renault is pictured in Boulogne-Billancourt, outside Paris, Monday, May 25, 2020. French President Emmanuel Macron is set to unveil sweeping new measures to rescue France's car industry, hammered by virus lockdown and the resulting recession. (AP Photo/Christophe Ena)PARIS Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. The group is also considering adaptation of its production capacities in Russia and announced the halt of Renault-branded oil-powered car activities in China. The French government is its single biggest shareholder with a 15-percent stake, and has been in talks on a 5 billion-euro loan guarantee.
Nissan-Renault alliance to share more parts, technology
Read full article: Nissan-Renault alliance to share more parts, technologyThe Japanese-French auto alliance of Nissan and Renault will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic. (Renault-Nissan-Mitsubishi via AP)TOKYO The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the the coronavirus pandemic. Nissan is a leader in electric cars with its Leaf, but such technology will be available to the other alliance members, they said. Frances government announced on Tuesday a bailout of more than 8 billion euros ($8.8 billion) for the nations auto industry. Before his downfall, Ghosn was a revered figure in the auto industry, especially in Japan, where he was a corporate superstar.
France unveils $8.8 billion rescue for ailing car industry
Read full article: France unveils $8.8 billion rescue for ailing car industryThe logo of French carmaker Renault is pictured at the Flins plant of French carmaker Renault in Aubergenville, west of Paris, Monday, May 25, 2020. French President Emmanuel Macron is set to unveil sweeping new measures to rescue France's car industry, hammered by virus lockdown and the resulting recession. (AP Photo/Christophe Ena)PARIS French President Emmanuel Macron announced an 8 billion-euro ($8.8 billion) plan Tuesday to save the countrys car industry from huge losses wrought by virus lockdowns, including a big boost for electric vehicles. PARIS (AP) French President Emmanuel Macron is set to unveil new measures Tuesday to rescue the country's car industry, which has been hammered by the virus lockdown and the resulting recession. Macron tweeted that government investment in the national car industry, which includes brands like Peugeot-Citroen and Renault as well as parts suppliers, will increase massively."
Global autos alliance rocked by boardroom 'coup'
Read full article: Global autos alliance rocked by boardroom 'coup'The French automaker announced Friday that Thierry Bollor, who had led the company since Ghosn stepped aside in November 2018, would leave his post with immediate effect. Renault said in a statement that Clotilde Delbos would serve as CEO until a permanent replacement for Bollor is found. On Thursday, as rumors of his ouster swirled, he denounced the move against him as a "coup" in an interview with French newspaper Les Echos. The departures of Bollor and Saikawa cap a tumultuous year for the alliance, which also includes Mitsubishi Motors. Like their rivals, Renault and Nissan are facing enormous pressure from a slowing global car market and the need to find resources to develop cleaner cars.
Nissan names new CEO after a chaotic year
Read full article: Nissan names new CEO after a chaotic yearA logo of Nissan is seen outside of the company's global headquarters. (CNN) - Nissan has selected a new chief executive officer as it tries to move beyond a scandal that has strained ties with alliance partner Renault. The Japanese carmaker on Tuesday named Makoto Uchida as CEO, tapping an executive who has experience in the key market of China. The resignation dealt yet another blow to Nissan, which has been struggling to recover from the ousting of former chairman Carlos Ghosn last November. Nissan reported in July that profits plunged 99% for the first quarter of its fiscal year.
Renault makes another bet on China's huge market for electric cars
Read full article: Renault makes another bet on China's huge market for electric carsThe French carmaker has invested 1 billion yuan ($145 million) for a 50% share in Jianglin Motor Electric Vehicles, the companies said on Wednesday. The subsidiary of Jianglin Motor sold nearly 500,000 electric vehicles in 2018, making it one of the leading players in China. Electric vehicle sales have grown rapidly in China on the back of government subsidies and tax incentives. China is already the world's biggest market for electric vehicles. Since then, Volkswagen, Ford and BMW have set up electric car joint ventures with their local partners.