MALAYSIA: Renault-Caterham JV to assemble in Malaysia
Renault and Caterham Car, the UK sports car manufacturer owned by Malaysian businessman Tan Sri Tony Fernandes, have agreed to form a joint venture to develop and produce sports vehicles and city cars in Malaysia as well as France.
The 50:50 joint venture will be called Societe des Automobiles Alpine Caterham, involving Renault’s specialist Automobiles Alpine Renault unit. The new company will produce cars both in Dieppe, France and at Naza Motors in Malaysia.
Investment in both countries is expected to begin in 2013, with the first cars scheduled to be produced in 2015. The aim is to produce affordable sports cars, sports-utility vehicles and city cars for sale in Asia and Europe.
The cars will be produced under both Caterham and Alpine brands with distinctive identities and styling. The Malaysian versions will be imported as CKD kits with many parts sourced locally.
Tony Fernandes, owner of low-cost airline AirAsia and the Tune Hotels network, acquired Caterham Cars in April 2011. The Caterham Group also encompasses the Caterham Formula 1 racing team, previously known as Team Lotus.
Renault CEO Carlos Ghosn has told just-auto that the next 2-3 years will be mediocre for the European car market with little growth, but that he believes Europe's economy will be in a growth phase aft...
As the middle of the year gets closer, the the European automotive marketplace isn't getting any easier. By last year, Western Europe's car market had lost 3m units since its 2007 peak (a heady 14.8m...
Results season - Q1 2013, Q4/fiscal year 2012/3, etc. We disappear under a mountain of figures and you get it all neatly sliced, diced and packaged here. Enjoy....
French Economic Redevelopment Minister, Arnaud Montebourg, has welcomed plans by Nissan to build the Micra at Renault's Flins plant near Yvelines, with an objective of producing 82,000 vehicles per ye...
Nissan Motor and Renault plan to utilise common parts in the production of new versions of the Nissan March (Micra) and Renault Clio to cut costs by around 30%....
- ANALYSIS: VW Group - success and succession
- ANALYSIS: Depressed Thai market forces rethink
- THE WEEK THAT WAS: GM, FCA, axe plant, Chrysler UK
- ANALYSIS: UK supplier industry perks up
- Q&A with Victrex
- Jaguar unveils second generation XF in London
- Jaguar Land Rover announces Whitley R&D expansion
- New York show debuts: Range Rover Sport HST added
- EU 2021 CO2 targets will be difficult for premiums
- Tata's Jaguar Land Rover announces GBP 600m spend