YOKOHAMA, Japan (February 8, 2018) – Nissan Motor Co., Ltd. today announced financial results for the nine-month period to December 31, 2017. Nissan generated an operating profit of 364.2 billion yen on net revenues of 8.53 trillion yen, equivalent to an operating margin of 4.3%. During the period, the Group’s performance was adversely impacted by… Continue reading Nissan reports nine-month results for fiscal year 2017
Category: Automotive
High demand: Electric cars barely to get
Hyundai Ioniq Electric (Image: Hyundai) First sell yourself electric cars bad, now the manufacturers can not deliver: the electric Smart, the E-Golf or the Hyundai Ioniq Electric are virtually impossible to get. Manufacturers often misjudged demand. Manufacturers can not keep up with the growing demand for electric cars. Customers have to wait a long time… Continue reading High demand: Electric cars barely to get
Bosch to enhance localisation of electrified portfolio in India
Soumitra Bhattacharya, MD, Bosch Limited and president, Bosch India Group: “Bosch strongly believes that its current and future portfolio of electromobility solutions will be one of the key contributing factors that lead to a dynamic ecosystem in the country.” At the Bosch Technology Exposition 2018, Bosch announced its plans to significantly increase the extent of localisation of its electrified… Continue reading Bosch to enhance localisation of electrified portfolio in India
Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
China officially has five electric vehicle companies valued at US$1 billion or more, as China Money Network has learned that Byton, an EV start-up rooted in China, is currently seeking a new financing round at a minimum valuation of US$1.2 billion. Byton, previously known as Future Mobility Corp, last raised around US$200 million at a… Continue reading Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
Volvo Cars reports record operating profit of SEK14.1 billion in 2017
Volvo Cars reports record operating profit of SEK14.1 billion in 2017 Volvo Cars, the premium car maker, has reported a strong 27.7 per cent increase in operating profit in 2017, earning a record SEK14.1 billion compared to SEK11.0 billion in 2016, driven by global sales of 571,577 cars. Net revenue for the period… Continue reading Volvo Cars reports record operating profit of SEK14.1 billion in 2017
First European Customers Receive Their Ford GT Supercars
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility… Continue reading First European Customers Receive Their Ford GT Supercars
Tech guru Bill Joy’s Ionic Materials raises $65m from Nissan, Mitsubishi, others
February 8, 2018 Ionic Materials Inc., a battery-material developer backed by Silicon Valley luminary Bill Joy, raised $65 million to build a production line and commercialize its technology. Investors in the Series C funding round include Joy and Alliance Ventures, a venture capital company comprising automakers Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. Ionic declined to identify other participants.… Continue reading Tech guru Bill Joy’s Ionic Materials raises $65m from Nissan, Mitsubishi, others
Subaru Corporation Announces Consolidated Financial Results For the Nine Months of FYE 2018
Tokyo, February 8, 2018 – Subaru Corporation today announced its consolidated financial results for the first nine months of fiscal year ending March 31, 2018. < Results for April-December 2017: Consolidated Net Sales >Global sales of Subaru vehicles rose 2.0% to 802,000 units. Unit sales in Japan grew 12.6% to 119,000 units, as strong sales… Continue reading Subaru Corporation Announces Consolidated Financial Results For the Nine Months of FYE 2018
Reference for the First Nine Months of FYE2018 Consolidated Financial Results
Subaru Corporation News Release February 8, 2018
Toyota, JapanTaxi Agree to Consider Joint Development of Taxi Services
With an aim to revitalize Japan’s taxi industry and improve its efficiencies, Toyota Motor Corporation (Toyota) and JapanTaxi Co., Ltd. (JapanTaxi) have concluded a basic agreement on considering, among other activities, the joint development of services for taxi operators. They also agreed that, to strengthen ties between the two companies, Toyota will invest 7.5 billion… Continue reading Toyota, JapanTaxi Agree to Consider Joint Development of Taxi Services