BANGKOK/NAGOYA — Toyota Motor has started operating its assembly plant near Yangon, Myanmar, after a delay of more than 19 months, Nikkei has learned. The plant, located in the Thilawa Special Economic Zone, was originally scheduled to start operating in February 2021, the same month as a military takeover, which led to political and economic… Continue reading Toyota begins auto output in Myanmar
Author: Nikki News Feed
Nissan asks Renault to reduce stake to 15%
TOKYO — Nissan Motor has requested that Renault, its largest shareholder, reduce its stake in the Japanese automaker, a call that comes more than two decades after the French company rescued Nissan from a financial crisis. Renault currently holds 43% of Nissan’s shares, but Nissan wants that reduced to 15%, equal to Nissan’s stake in… Continue reading Nissan asks Renault to reduce stake to 15%
Nissan to exit Russia, as Mitsubishi Motors also considering move
TOKYO — Nissan Motor is planning to withdraw from the Russian market, the company said on Tuesday, as its partner Mitsubishi Motors is also considering the same. Nissan said it expected to transfer its operations, including its assembly plant in St. Petersburg, to a Russian government body. Go to Source
Renault and Nissan in talks that could reshape autos alliance
PARIS/TOKYO (Reuters) — Renault and Nissan said on Monday they were in talks about the future of their alliance, including the Japanese automaker considering investing in a new electric vehicle venture by its French partner. The talks, which could prompt the biggest reset in the alliance since the 2018 arrest of longtime executive Carlos Ghosn, have included… Continue reading Renault and Nissan in talks that could reshape autos alliance
Nissan pushes Renault to sell down stake, may raise funds: source
(Reuters) — Nissan Motor is pressing French partner Renault to cut its stake in the Japanese automaker as much as possible, ideally to 15%, and may consider raising funds to buy back the shares, a source familiar with the matter said. The demands were made in exchange for Nissan agreeing to invest in Renault’s new… Continue reading Nissan pushes Renault to sell down stake, may raise funds: source
Chinese lithium battery maker CALB finishes flat in Hong Kong debut
IPO City’s biggest IPO this year raised $1.29 billion but share-sale market weak Ying Dai, vice president of CALB, right, poses for photographs at the company’s listing ceremony at the Hong Kong Stock Exchange. © Getty Images ECHO WONG, Nikkei staff writerOctober 6, 2022 14:21 JSTUpdated on October 6, 2022 17:40 JST | Hong… Continue reading Chinese lithium battery maker CALB finishes flat in Hong Kong debut
Toyota restarts output of first EV after resolving safety issues
TOKYO (Reuters) — Toyota Motor said it would restart production of its first electric vehicle, the bZ4X, on Thursday after fixing potential safety problems that had halted sales of the new battery-powered model for more than three months. Japan’s largest automaker, a laggard in the EV market, recalled 2,700 bZ4Xs globally in June after discovering… Continue reading Toyota restarts output of first EV after resolving safety issues
Bridgestone to launch smart tires for trucks and buses in 2024
TOKYO — Bridgestone will start producing radio-tagged tires in 2024 for commercial vehicles like trucks and buses, linking them to a cloud-based system designed to help clients maximize the tires’ lifespan and minimize their carbon footprints. The Tokyo-based company is slated to begin expanding its plant in Warren County, Tennessee, at the end of the year.… Continue reading Bridgestone to launch smart tires for trucks and buses in 2024
Tesla boosts sales in Q3, rebounding from China shutdowns
Automobiles But delivery numbers still fall far short of Wall Street estimates The electric vehicle and solar panel company reports selling 343,830 cars and SUVs in the third quarter, up from 254,695 deliveries in April through June. © AP October 3, 2022 03:19 JST | U.S. AUSTIN, U.S. (AP) — Tesla’s sales rose 35% in… Continue reading Tesla boosts sales in Q3, rebounding from China shutdowns
Detroit motor show fades as Asian, European automakers pull out
DETROIT, U.S. — Thousands of fans of the Mustang, a storied American “muscle car,” stampeded into downtown Detroit, invited by its manufacturer, Ford, to see the unveiling of the new, 2024 Mustang sports coupe. The “Mustang Stampede” was easily the highlight of what was a decidedly low-key North American International Auto Show (NAIAS) held in… Continue reading Detroit motor show fades as Asian, European automakers pull out