Word: renault
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...citizens may continue to romanticize France's place in the world, the Asterix syndrome no longer really applies to France, if it ever did. The world's fifth biggest economy is as globalized as any other country. French businesses such as oil giant Total, retailer Carrefour and carmaker Renault are fixtures in the FORTUNE Global 500. President Nicolas Sarkozy (nicknamed l'Américain) openly admires American entrepreneurialism. Last year, his government announced plans to make youngsters bilingual in French and English by the time they finish school. Frenchmen head two bastions of globalization and capitalism, the World Trade Organization...
There's never a good time for scandal, but the departure Sept. 16 of two bosses from the Renault Formula One team over allegations the team had instructed one of its drivers to deliberately crash in a race last year couldn't have come at a worse time for the sport. In the wake of a threatened walkout by teams fuming at new cost-cutting rules, public squabbling over Formula One's leadership and an episode of spying, the latest revelation could tar the image of motor sport's blue-ribbon event irreparably. The collision by Renault's Nelson Piquet...
...Overseas, Nissan is in talks from Scottsdale, Ariz., to Singapore to establish charging networks and promote what it calls "zero-emission mobility." In the U.S., Nissan and its French partner, Renault, are joining forces with Better Place, which is developing a system of EV service stations where battery packs can be quickly replaced instead of recharged, making "fill-ups" no more time-consuming than topping up fuel tanks with gas. Nissan also has a tie with Europcar, a car-rental company, to roll out EVs throughout European countries including France, Germany, Belgium, Spain, Italy and the U.K. from...
...potential competitors that plan to launch all-electric and plug-in hybrid vehicles over the next several years. GM's Chevy Volt is expected to debut in the U.S. in 2010; BMW says it will test-market an electric car in Britain and other countries later this year; while Renault-Nissan plans to make an electric car by 2012. A Frost & Sullivan study reckons that by 2020, at least 15% of all new cars sold will be electric. (See the 50 worst cars of all time...
...July 20 a delegation of New Fabris staffers will go to Paris and meet with French Industry Minister Christian Estrosi, who Eyermann says will be asked "to put pressure on [Peugeot maker] PSA and Renault." With both companies having received most of the $8 billion in state aid the government distributed to French automotive groups to weather the recession, Eyermann argues they should now help out industry workers who are losing jobs to the slowdown...