Nissan, Renault to commit $600 million to make new styles in India

Nissan, Renault to commit 0 million to make new styles in India

Renault and Nissan automobile logos are pictured through the Brussels Motor Exhibit on January 9, 2020 in Brussels. (Picture by KENZO TRIBOUILLARD/AFP through Getty Illustrations or photos)

Kenzo Tribouillard | Afp | Getty Photos

Nissan and Renault said on Monday they would invest $600 million to make six new models in India.

The Japanese and French automakers will operate on the jobs from their base in Chennai, turning it into an export hub, they stated in a statement.

The six models, with every single automaker creating 3, will be built on joint platforms and will also be exported, they stated. The new models will consist of two electrical automobiles, the very first EVs to be rolled out by the automakers in India, and four athletics utility vehicles (SUVs).

The automakers previous week unveiled details of their redesigned alliance and gave specifics of new joint initiatives in Latin America, India and Europe.

Nissan shouldn't hold back on investing in electric vehicles, says consulting firm

Source

World

Russia’s economy is creaking — and the Kremlin wants Russians to pay more for the war

October 2, 2025

Russian President Vladimir Putin during a meeting on development of ‘new regions’, annexed from Ukraine, at the Kremlin, June 30, 2025, in Moscow, Russia. Contributor | Getty Images Russia is set to hike taxes on businesses and consumers as the government looks for ways to support military spending while its war-focused economy creaks at the […]

World

Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown

October 2, 2025

Treasury Secretary Scott Bessent told CNBC’s on Thursday that U.S. economic growth could be hurt by the government shutdown. “This isn’t the way to have a discussion, shutting down the government and lowering the GDP,” Bessent said during a “Squawk Box” interview. “We could see a hit to the GDP, a hit to growth and […]

Berkshire Hathaway to buy Occidental’s OxyChem for .7 billion, in Buffett’s biggest deal in three years

World

Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion, in Buffett’s biggest deal in three years

October 2, 2025

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. CNBC Warren Buffett’s Berkshire Hathaway announced Thursday it reached a deal to buy Occidental Petroleum’s petrochemical unit, OxyChem, for $9.7 billion in cash. The deal marks Berkshire’s largest since 2022, when it paid $11.6 billion for insurer Alleghany. […]