GROUPE RENAULT: Nissan contribution to Renault’s Q2 2020 earnings

July 28th, 2020Nissan contributes – €1,244 million for second quarter 2020 to Renault’s earningsNissan released today its results for the first quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31th, 2021).Nissan’s results, published in Japanese accounting standards, for the first quarter of fiscal year 2020/2021 (April 1st to June 30th, 2020) will have… Continue reading GROUPE RENAULT: Nissan contribution to Renault’s Q2 2020 earnings

Ousted Renault boss appointed new head of Jaguar Land Rover

Automotive industry Frenchman Thierry Bolloré to help steer UK’s biggest carmaker through industry’s worst crisis for decades JLR boss Sir Ralf Speth will step down as CEO in September. Photograph: Yves Herman/Reuters The former boss of French car giant Renault has been appointed as chief executive of Jaguar Land Rover, the UK’s biggest carmaker. Thierry… Continue reading Ousted Renault boss appointed new head of Jaguar Land Rover

Cybellum Closes $12M in Series A Funding to Redefine Automotive Cybersecurity Risk Assessment

TEL AVIV, Israel, July 28, 2020 /PRNewswire/ — Cybellum, a leader in Automotive Cybersecurity Risk Assessment, today announced a $12 million round A funding, bringing total investment in the company to $15 million. The financing round was led by RSBG Ventures GmbH with additional investment from Cybellum existing investors, Blumberg Capital and Target Global. The funding… Continue reading Cybellum Closes $12M in Series A Funding to Redefine Automotive Cybersecurity Risk Assessment

Jaguar Land Rover appoints Thierry Bollore as new CEO

Ex-Renault CEO Thierry Bollore has been announced as the new CEO of Jaguar Land Rover, replacing Dr Ralf Speth, who had earlier this year announced his decision to retire at the end of his contract term, after 10 years at the helm. The Frenchman will assume his new role on 10 September 2020.  N Chandrasekaran, Chairman… Continue reading Jaguar Land Rover appoints Thierry Bollore as new CEO

Nissan warns of record loss as pandemic hits turnaround

TOKYO (Reuters) – Nissan Motor Co (7201.T) warned of a record $4.5 billion operating loss this year and its lowest sales in a decade as the COVID-19 pandemic hampers its turnaround efforts. FILE PHOTO: The brand logo of Nissan Motor Corp. is seen at the front nose section of the company’s new Ariya all-battery SUV… Continue reading Nissan warns of record loss as pandemic hits turnaround

Nissan forecasts record $4.5 billion annual loss as pandemic hinders turnaround efforts

FILE PHOTO: The brand logo of Nissan Motor Corp. is seen at the front nose section of the company’s new Ariya all-battery SUV during a press preview, ahead of the world premiere, at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Nissan Motor Co (7201.T) said… Continue reading Nissan forecasts record $4.5 billion annual loss as pandemic hinders turnaround efforts

@Mitsubishi: MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars

TOKYO, July 28, 2020 – (JCN Newswire) – MITSUBISHI MOTORS CORPORATION (MMC) today announced that it will invest for production of new electric Kei-cars at Mizushima Plant in Kurashiki city, Okayama Prefecture starting from August 2020. This investment will be approximately JPY 8 billion. MMC is considering of developing the new electric Kei-car jointly with… Continue reading @Mitsubishi: MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars