• Most Popular
  • Most Shared

Renault/Nissan signs agreement with India's Bajaj

Tue Nov 10, 2009 1:49am EST

Stocks

   

NEW DELHI, Nov 10 (Reuters) - Carlos Ghosn, chief executive of French car maker Renault (RENA.PA) and Japan's Nissan Motor Co (7201.T), said on Tuesday an agreement had been signed with India's Bajaj Auto (BAJA.BO) for a low-cost car which would come to India in 2012.

Japan  |  Cyclical Consumer Goods

The design, manufacturing and sourcing for the car would be done by Bajaj, and Renault-Nissan will look after marketing in India and overseas, Ghosn told reporters at a media conference in New Delhi.

Bajaj and Renault-Nissan had announced the formation of a joint venture in May 2008, to develop, produce and market a car code-named ULC. (Reporting by Devidutta Triapthy and C.J. Kuncheria; Editing by John Mair)

Japan
Cyclical Consumer Goods


More from Reuters

Photo

Dubai World says to work with creditors in orderly way

DUBAI (Reuters) - Dubai World, which met its creditors on Monday, said it would work with lenders to seek a debt standstill in "an orderly way" and will get government financial support if an agreement is reached.

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review