RENAULT AFTER VOLKSWAGEN IN THE B SEGMENT.
Renault has announced that, in addition to their top of their top star, the new Espace MPV, and more starlets, they will unveil a high-tech vision of their one-litter per 100 km (282 mpg) car. The formula was “invented” by Volkswagen but Renault want to be the first to achieve that in with a B-segment compact family car that delivers 100 km on one litre of fuel and yet take four people and some luggage.
Reportedly Volkswagen is also working to this aim and I would not be surprised if the German maker also shows a similar concept in Paris.
One year after teasing the public visiting the Frankfurt Motor Show with the Espace Concept, Renault will be premiering the all-new generation of the MPV it was first to offer in Europe some 30 years ago: the famous Espace.
Through the years the big, family van has matures into a large, sophisticated crossover, which aims at appealing new buyers with a strong design and modular, highly flexible, interior.
......... AND MARCHES ON WALL STREET.
Sergio Marchionne might have bet his highest stake in his career by firing, the way he did it, Luca Cordero di Montezemolo, under the pressure of the imminent listing of the new Fiat Chrysler Automobiles N.V. (FCA) a the NYSE on October 13th. On that day the stock market will rate the level of confidence the financial institutions have in his new company and how much (and at which cost) Sergio Marchionne will get the investment-credit he needs to implement the business plan he emphatically announced last may. If he loose he will earn million of critics and enemies that will blame him for ever, in addition to the critics and sceptics about his plan to save Alfa Romeo and make it a 500,000 premium car makers by 2018.