Renault-Nissan Form Electric Car Alliance with Portuguese Government

The Government of Portugal and the Renault Nissan Alliance have announced a partnership to promote zero-emission electric cars across the country. Under the agreement that was signed off today, the government will help the Renault Nissan Group study how to create the right conditions to make electric vehicles an attractive offer for Portuguese consumers as well as increasing public awareness. There will also be a joint study for the infrastructure and related organizations required to create a nationwide network of charging stations for electric vehicles.

The Renault Nissan Group is planning to launch its first mass market electric vehicles (EV) in 2011 and Portugal will be one of the lead global markets for the introduction of EVs from the Alliance. -Continued

“Portugal has become a leading country in renewable energy. This agreement with Renault-Nissan will place Portugal also on the front line in terms of sustainable mobility with zero-emission vehicles. Promoting electric cars in Portugal will reduce our dependence on imported oil and will contribute to a cleaner environment,” said Portugal’s Prime Minister José Sócrates.

“With the rising cost of oil and continuing concerns about C02 emissions, we believe the ultimate solution to sustainable mobility will be the mass availability of zero-emission vehicles,” said Renault-Nissan CEO Carlos Ghosn. “Portugal is a recognized global leader in the development of renewable energy, and we applaud the government’s actions to make electric cars an economic reality for their citizens.”

BMW and Fiat Planning Small Car Alliance, Alfa Romeos could be sold through MINI in the U.S.

BMW Group and Fiat Group have signed a Memorandum of Understanding (MoU) to explore the possibility of co-operation in the areas of architectures and components for their MINI and Alfa Romeo vehicles. As part of the deal, BMW will support Fiat in launching the Alfa Romeo brand in the North American market, or to put it simple, MINI U.S. dealers would have the chance to also sell Alfa Romeos. If all goes well, the final deal is expected to be signed off by the end of the year. -Continued

"We are currently examining with the Fiat Group possibilities for the joint use of components and systems in MINI and Alfa Romeo vehicles in order to achieve economies of scale and thus cost reductions within the framework of our Strategy Number ONE", said Friedrich Eichiner, member of the Board of Management of BMW AG responsible for Corporate and Brand Development.

Sergio Marchionne, CEO of Fiat Group said: "The proposed co-operation with BMW is a significant cornerstone of our strategy of alliances. We are delighted to work with such an esteemed and respected partner in the automotive industry with the clear objective of improving the competitive position of both parties," Sergio Marchionne, CEO of Fiat Group and FGA, said in Turin.