Carlos Ghosn has left Groupe Renault. The company called a board meeting to replace Ghosn, who was substituted as President by Jean-Dominique Senard and as Director General by Thierry Bolloré. Two months after being arrested, Ghosn asked to be released on bail and promised not to escape from Japan. In other international news, Toyota and Panasonic will launch a new joint venture to produce electric-vehicle batteries and Tesla was authorized to market its Model 3 in Europe.
In Mexico, contracting light-vehicle sales have not prevented brands and automakers from projecting double-digit sales increases. Honda, Suzuki and Kia expect to keep growing their overall sales, Toyota projects larger green-vehicle demand and FCA sees increased sales of trucks and SUVs. In terms of vehicle production, construction works at Toyota’s Apaseo el Alto assembly plant reported advances of 60 percent, while the Bajio region increased its manufacturing output by 8.8 percent in the first 11 months of 2018.
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Positive Sales Projections
Kia projects increase in sales of 10 percent in Mexico in 2019 thanks to the introduction of new vehicles.
FCA bets on pickup trucks and SUVs in Mexico. The company expects sales in these segments to reach double-digit growth rates in 2019.
Mexico’s Automotive Drive
Carlos Ghosn, former President of Nissan, asked to be released on bail and promised not to escape from Japan.
Groupe Renault called a board meeting to replace Ghosn as Chairman of the Board. He quit his position at Renault and was substituted by Jean-Dominique Senard as Chairman and by Thierry Bolloré as Director General of the group.