Pakistan News

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  • Renault signs new agreement to assemble cars in Pakistan

    KARACHI: After suspending talks with Ghandhara Nissan Ltd (GNL) last week, French automaker Renault is making another attempt to assemble and distribute its vehicles in Pakistan in partnership with Al Futtaim, a Gulf-based business house...

    Groupe Renault and Al-Futtaim have signed definitive agreements to assemble vehicles in a new plant in Karachi, a statement said on Monday...

  • 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...

    GHNL informed stock investors that the company, in collaboration with a potential partner, was in talks with Alliance (Renault plus Nissan)...

  • Renault wants half its cars to be electric or hybrid in 2022

    French car maker Renault said on Friday that half of its models will be electric or hybrid by 2022 and it's investing heavily in “robo-vehicles” with increasing degrees of autonomy...

    A strategic plan released on Friday aims to boost Renault annual revenues to 70 billion euros by 2022 from 51b euros last year, in part through an effort to double sales outside its traditional markets in Europe especially Russia and China...

  • Iran signs its biggest-ever car deal with France's Renault

    Iran signed the country's biggest-ever car deal worth several hundred million dollars with French manufacturer Groupe Renault on Monday to produce 150,000 cars a year, the latest advance by a European company into Iran's sizeable consumer market...

    Renault and other European companies are looking to rebuild their presence in Iran following the lifting of international sanctions...

  • 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...

  • Renault to produce cars in Pakistan

    ISLAMABAD: Renault will start producing vehicles in Pakistan in 2018, the Board of Investment (BOI) announced on Thursday...

    Mr Ismail said that Renault would initially make an investment of $100 million to produce 6,000 vehicles per shift at the plant set up by Ghandhara Nissan Motors in Karachi...

  • ‘Renault’s entry to create 10,000 jobs’

    KARACHI: Ghandhara Nissan (GNL) informed the Pakistan Stock Exchange (PSX) about the creation of around 10,000 direct and indirect job opportunities for Pakistanis with the start of the production of Renault vehicles in Pakistan, a press release said on Friday...

    GNL has joined hands with French automaker Renault and Al-Futaim of the United Arab Emirates (UAE) to produce Renault vehicles at the existing plant of GNL at Port Qasim... ...

  • Ghandhara to assemble Renault trucks

    KARACHI: Ghandhara Nissan Limited (GNL) has announced its plans to locally assemble Renault Trucks (RT) by end of 2019 at the manufacturing site in Port Qasim, according to a company release issued on Thursday...

    Prior to assembly, RT in partnership with GNL had launched full range of Renault trucks...

  • 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...

  • Clouds gather over Al Futtaim-Renault’s $165m investment plan

    KARACHI: Amid reports that Al Futtaim is considering pulling back from the Renault project, the government departments concerned say that “nothing concrete has so far come from the Gulf and French-based companies...

    ”A microblogging website had earlier claimed that “Renault has revoked Al-Futtaim’s license to build its manufacturing plant in Pakistan” following which Al Futtaim decided to hold its investment in the venture...

  • Fiat Chrysler wants merger with Renault

    PARIS: Fiat Chrysler proposed on Monday to merge with France’s Renault to create the world’s third-biggest automaker, worth $40 billion, and combine forces in the race to make electric and autonomous vehicles...

    Renault welcomed what it called a “friendly” offer...

  • Fiat Chrysler withdraws offer of merger with Renault

    Italian-American carmaker Fiat Chrysler on Thursday said it had withdrawn a proposal for a merger with Renault, saying it would be unable to reach an agreement with the French government...

    French automaker Renault announced earlier that its board of directors had not reached a decision following a crunch meeting held at the request of the French state, the biggest shareholder in Renault with a 15 percent stake...

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