Pakistan News

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  • Renault suspends talks with Ghandhara Nissan

    KARACHI: French automaker Renault, which was earlier considering assembling cars in Pakistan, has suspended talks with Ghandhara Nissan Ltd (GHNL), a stock notice said on Friday...

    Meanwhile, Nissan has been in talks with GHNL for the assembly of vehicles in the country...

  • Scandal-hit Nissan suspends production for Japan market

    Nissan said on Thursday that it was suspending all production destined for the local market, as Japan's number-two automaker grapples with a mounting inspection scandal that has already seen it recall some 1...

    "Nissan decided today to suspend vehicle production for the Japan market at all Nissan and Nissan Shatai plants in Japan," it said in a statement, referring to an affiliate...

  • Nissan revolution: could new petrol engine make diesel obsolete?

    ATSUGI: Japanese automaker Nissan Motor Co has come up with a new type of gasoline engine it says may make some of today's advanced diesel engines obsolete...

    The new engine uses variable compression technology, which Nissan engineers say allows it at any given moment to choose an optimal compression ratio for combustion ? a key factor in the trade-off between power and efficiency in all gasoline-fuelled engines...

  • Pakistan woos Renault and Nissan in push for auto investment

    ISLAMABAD: The government is wooing foreign car makers like Renault and Nissan with generous import duties, but convincing them to set up factories will be an uphill challenge given fears about the country's long-term political stability and security...

    Ismail told Reuters he had held talks with Japan's Nissan and France's Renault for “some time”, and last month met Fiat executives in Italy for the first time...

  • Pakistan woos Renault-Nissan in push for auto investment

    ISLAMABAD: Pakistan is wooing foreign car makers like Renault-Nissan with generous import duties, but convincing them to set up factories will be an uphill challenge given fears about the country’s long-term political stability and security...

    Mr Ismail told Reuters he had held talks with Japan’s Nissan and alliance partner Renault for “some time”, and last month met Fiat executives in Italy for the first time...

  • Nissan exploring car making options

    KARACHI: Nissan Motors of Japan is exploring the possibilities of re-launching its different models along with Datsun in Pakistan depending on upcoming auto policy for the next five years...

    There is a strong possibility that Renault of France, being a global partner of Nissan, may follow to introduce their products...

  • Nissan CEO Carlos Ghosn arrested after company accuses him of misconduct

    Automaker Nissan on Monday accused its chairman, president and chief executive officer Carlos Ghosn of "significant acts of misconduct" including underreporting his salary and said it would move to fire him, as reports emerged that he had been arrested in Tokyo...

    Nissan, in a statement, said it had been conducting a probe into Ghosn for several months after receiving a whistleblower report and had uncovered misconduct going back...

  • Nissan drives out Ghosn after arrest

    TOKYO: Nissan board members voted unanimously to sack Carlos Ghosn as chairman on Thursday, a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct stunned the car industry and the business world...

    Ghosn stands accused of under-reporting his income by millions of dollars and a host of other financial irregularities, alleged after a months-long internal Nissan probe following a whistleblower...

  • Ex-Nissan chief Ghosn denies allegations: media

    Nissan's former chairman Carlos Ghosn has denied allegations of financial misconduct, claiming he had no intention of making false reports, Japanese media said on Sunday...

    Ghosn was sacked as Nissan chairman Thursday, a spectacular fall from grace for the once-revered boss whose arrest and ouster have stunned the business world...

  • Ex-Nissan chief Ghosn charged, served with fresh arrest warrant

    Former Nissan chairman Ghosn, 64, has been in detention since his Nov 19 arrest on suspicion of under-declaring his income by some five billion yen between 2010 and 2015...

    In addition to charges against Ghosn, prosecutors also indicted Kelly and Nissan itself, according to local media, as the company submitted the official documents that under-reported the income...

  • Renault denounces Nissan over Ghosn investigation: report

    Lawyers for French carmaker Renault have criticised their Japanese alliance partner Nissan for its handling of an internal probe into the Carlos Ghosn scandal, a Sunday newspaper has reported...

    In a letter to Nissan dated January 19, the lawyers said they had "serious concerns about the methods used" by the company and its legal team, including the way they treated some Renault employees, according to France's Le Journal du...

  • France ready to cut Renault stake to shore up Nissan ties: minister

    France is ready to consider paring back its 15 per cent stake in Renault in the interests of consolidating the automaker's alliance with Japanese partner Nissan, Finance Minister Bruno Le Maire said on Saturday...

    In an interview with AFP on the sidelines of the G20 finance ministers' meeting in Japan, Le Maire also said Renault and Nissan should work on beefing up ties before exploring further merger possibilities...

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