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Geely and Renault joint venture will develop internal combustion and hybrid tech

China's Geely Automobile Holdings and French car maker Renault SA on Tuesday said they will invest up to 7 billion euros ($7.71 billion) in a new equally held joint venture to develop gasoline engines and hybrid technology for automobiles. The JV is aimed at manufacturing more efficient internal combustion engines and hybrid systems at a time when the focus of much of the automobile industry has been on the capital-intensive transition to purely electric vehicles. "We are pleased to be embarking on this journey to become a global leader in hybrid technologies, providing low-emission solutions for automakers around the world," said Eric Li, Geely Holding Group chairman. The new company will employ 19,000 people at 17 engine plants and five research and development hubs, Renault said. At launch, it is expected to supply to multiple industrial customers including Volvo, Proton, Nissan, Mitsubishi Motors, and PUNCH Torino. The JV aims to have an annual production capacity of up to five million internal combustion, hybrid and plug-in hybrid engines and transmissions, Renault added. Reuters reported in March that the new venture will see 15 billion euros ($16.53 billion) in annual revenue. Saudi Aramco, which signed a letter of intent with Renault and Geely in March, is evaluating a strategic investment in the new company, Renault said. The Saudi oil producer has been involved in advanced discussions to take a stake of up to 20% in the JV, sources said earlier this year. Big oil firms have worked with automakers to develop sustainable fuels and hydrogen engines in recent years. But a deal here would make Aramco the first major oil producer to invest in the car business. The joint venture is expected to be launched in the second half of 2023. Earnings/Financials Green Mitsubishi Nissan Volvo Renault

Will next-gen Nissan Leaf get CUV version?

After a first generation spent as a pioneer in the hybrid Wild West, the second-generation Toyota Prius settled down and started a family. Why can't the same happen for the next-generation Nissan Leaf? Autocar has a highly speculative report on just such an outcome, but if nothing else it shows that Nissan is open to the idea. Trevor Mann, an executive vice president at Nissan who doubles as the company's chief performance officer, said "There could be more than one Leaf," and that the brand is "still studying other opportunities." That might mean another kind of body style, but Mann's focus on making sure Nissan on properly converting "the market intelligence that we're gathering" makes it sound like any kind of decision is a long way in the future. Outsiders keep pointing at an electric crossover as the logical step, and the company has already shown the remarkably polished, seven-seater Hi-Cross Concept. Before any of that can happen, right now Nissan is still busy tweaking the formula for the current Leaf to shake off lower sales this year. Then, there remain plenty of questions swirl about the next-generation Leaf, the first being when will it get here. Sometime in 2017 is the latest rumor based on comments made by ex-product honcho Andy Palmer, but the date is really as much of a mystery as its range - which could be more than 300 miles, the way it will look, and the feature set. If they need an easy idea for some kind of utility vehicle they've already got Sparky, the Leaf pickup truck, in-house (pictured). We'd give that the thumbs up. Featured Gallery Nissan Leaf Frontier View 9 Photos News Source: Autocar Green Nissan Crossover Hatchback Electric Future Vehicles

Detroit 3 to implement delayed unified towing standards for 2015

Car buyers have a responsibility to be well-informed consumers. That's not always a very simple task, but some guidelines are self-evident. If you live in a very snowy climate, you generally know a Ford Mustang or Chevrolet Camaro might not be as viable a vehicle choice as an all-wheel drive Explorer or Traverse, for example. If you want a fuel-efficient car, it's generally a good idea to know the difference between a diesel and a hybrid. But what if it's kind of tough to be an informed consumer? What if the information you need is more difficult to come by, or worse, based on different standards for each vehicle? Well, in that case, you might be a truck shopper.
For years, customers of light-duty pickups have had to suffer through different ratings of towing capacities for each brand. For 2015 model year trucks, though, that will no longer be a problem. According to Automotive News, General Motors, Ford and Chrysler Group have announced that starting with next year's models, a common standard will be used to measure towing capacity. The Detroit Three will join Toyota, which adopted the Society of Automotive Engineers' so-called SAE J2807 standards way back in 2011.
The standard was originally supposed to be in place for MY2013, but concerns that it would lower the overall stated capacity for trucks led Detroit automakers to pass. Ford originally passed, claiming it'd wait until its new F-150 was launched to adopt the new standards, leading GM and Ram to follow suit. Nissan, meanwhile, has said it will adopt the new standards as its vehicles are updated, meaning the company's next-generation Titan should adhere to the same tow ratings as its competitors.