Reports from Paris show that the French Prime Minister Manuel Valls said Sunday he is opposed to a full merger of Renault and Nissan, but wants to “preserve the alliance.” The two companies have been in a tech and capital partnership since 1999, making it one of the most enduring tie-ups in the sector. Renault holds a 43.4% stake in Nissan, while one of its subsidiaries controls 15% of its French partner.
Nissan has also decided to stop using Takata’s air bag inflators containing ammonium nitrate, joining a host of major automakers. “We will…work to replace the inflators in vehicles under recall as quickly as possible,” Nissan said in a statement. Since 2008, more than 30M cars have been called back over the potentially defective components, which have been linked to eight deaths and more than 100 injuries.
Tesla Q1 Deliveries
Q1 Deliveries 8.5% drop Y on Y Tesla reported first-quarter vehicle deliveries of 386,810, a drop of 8.5% from the same quarter last year. Estimates compiled by FactSet, analysts were expecting deliveries of around 457,000 for the first three months of the year. This is Tesla’s first year-over-year decline in deliveries since 2020. Stock drops 5%