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Renault invests in French electric car plant upgrade

Fri, Jun 15 2018

PARIS — Renault will invest more than 1 billion euros ($1.2 billion) to increase electric vehicle production capacity in France and add new models, the carmaker said on Thursday. The Zoe production line in Flins, west of Paris, will double its maximum output with the battery-powered subcompact's next upgrade, the company said in a statement, and its northern Douai factory will tool up to build electric cars on a new architecture shared with Japanese affiliate Nissan. "The acceleration of our investments in France for electric vehicles will increase the competitiveness and attractiveness of our French industrial sites," said Renault Chairman and Chief Executive Carlos Ghosn, who also chairs Nissan and Mitsubishi Motors and heads the carmakers' three-way alliance. The Cleon plant will triple its electric motor production capacity, while Maubeuge in eastern France receives tooling investment for the next Kangoo van including its electric version, Renault said. Reporting by Laurence Frost. Related Video: Image Credit: REUTERS/Jacky Naegele Green Plants/Manufacturing Nissan Renault Electric

Ghosn out at Nissan, still in at Renault, still in jail in Tokyo and facing more charges

Sun, Nov 25 2018

When the corporate jet carrying Renault- Nissan- Mitsubishi CEO Carlos Ghosn landed at Tokyo Haneda airport on November 19, Japanese authorities had already taken position on the tarmac, waiting for him. Police and authorities representing Tokyo prosecutor's office boarded the plane to query Ghosn about financial improprieties, and ended up taking Nissan's chairman and CEO into custody. A few days later, on November 22, Nissan's board voted to remove Ghosn from both positions for what it classified as "significant acts of misconduct." The charges include understating his income in filings to the Tokyo Stock Exchange by at least $44 million, and misusing company funds. Japanese police arrested Greg Kelly as well, the high-ranking Nissan exec said to have assisted Ghosn in the subterfuge. Ghosn and Kelly remain on Nissan's board until a shareholder vote is held to decide those positions. Kelly was Nissan's first American director, and the carmaker's former head of human resources. In France, Renault's board voted to keep Ghosn in his positions, and has requested details from Nissan about the alleged improprieties. The board put Thierry Bollore in the role of deputy CEO with all of Ghosn's powers while Ghosn is "incapacitated," and lead independent director Philippe Lagayette will act as temporary chairman. Nissan has since told Renault that it is investigating financial malfeasance at RNBV, the Amsterdam-based joint-venture company that oversees the alliance. Mitsubishi has watched from afar, only saying it will perform its own investigation, and could remove Ghosn. Tokyo police can hold a suspect for 72 hours for initial questioning without charges. With the deadline looming, Tokyo prosecutors asked the court for, and were granted, a ten-day extension. If they choose, prosecutors can request another ten-day extension. Within 23 days, however, prosecutors either need to charge Ghosn and Kelly, or release them. There are several charges that acquire more details by the day. The most serious accusation is that Ghosn understated his pay from 2011 to 2015 by half, claiming roughly $44 million in remuneration when he actually received around $88 million. Over the weekend, it came out that Japanese prosecutors could be working on new charges of Ghosn under-reporting his salary since 2015 by $27 million. A Japanese newspaper said Ghosn told Kelly in an email to lie on the financial statements.

Recharge Wrap-up: Nissan Leaf's UK milestone, SF's renewable diesel

Thu, Jul 23 2015

San Francisco's municipal fleet will use renewable diesel, according to Mayor Edwin M. Lee. Switching to the greener fuel will reduce the fleet's greenhouse gas emissions by more than 60 percent. "By changing our fleet's fuel from petroleum to renewable diesel, we're taking action that is good for the global climate, and at the same time promotes environmental justice in our community by leading to cleaner, healthier air for some of our most vulnerable neighborhoods," Lee says. While renewable diesel is more expensive than the petroleum-based product, with government incentives, it could end up saving the city money. Read more from Biodiesel Magazine. Nissan has sold its 10,000th Leaf in the UK. As of July 6, Nissan has tallied 10,161 Leaf sales since its 2011 launch in the UK. More than half of those were sold in the last 12 months. Nissan sold 2,964 Leaf EVs in the first half of this year, an increase of 69.4 percent over last year. "The UK's electric vehicle market is growing at an extraordinary pace," says Nissan's James Wright, "and while it may be too early to talk about tipping points, today's achievement certainly indicates we're well on our way." The Nissan Leaf is the best selling battery electric vehicle in the UK. Read more from EV Meerkat. ClipperCreek has added a new 40-amp EV charger to its lineup. Called the HCS-50, the 240-volt level 2 charger is designed to serve both residential and commercial markets. "The HCS-50's rugged design and ample 25 foot charging cable make it a perfect solution for fleet and commercial applications," says ClipperCreek Sales Manager Will Barrett. "As battery range increases, the vehicle's ability to accept power is increasing, too, and the HCS-50 offers users extra power to get their vehicles charged up and back on the road fast." The HCS-50 charging station is priced at $835. Read more in the press release below. ClipperCreek Announces Availability of HCS-50 Electric Vehicle Charging Station Top selling EVSE manufacturer releases high-powered 40 amp EV charging station AUBURN, Calif., July 22, 2015 /PRNewswire/ -- ClipperCreek has added the HCS-50 electric vehicle charging station to their product line. The HCS-50 is a powerful and rugged 40 amp station paired with a highly durable rubber overmolded cable and vehicle connector. Offering power, reliability and value, this 240 volt, level 2 electric vehicle charging station, rated for both indoor and outdoor use, is priced at $835.