Tag: Renault

Mitsubishi Motors tumbles to all-time low on ‘shocking’ ASEAN sales plunge

FILE PHOTO: A Mitsubishi Motors signage is pictured next to a Mitsubishi Motors electric car at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su TOKYO (Reuters) – Shares of Japan’s Mitsubishi Motors Corp (7211.T) plunged more than 10% to an all-time low on Tuesday after the automaker posted dismal sales in… Continue reading Mitsubishi Motors tumbles to all-time low on ‘shocking’ ASEAN sales plunge

Mitsubishi Is In Trouble, Freezes New Car Launches In Europe

Mitsubishi (part of the Renault-Nissan-Mitsubishi Alliance) announced a bunch of bad news on July 27, 2020 starting with a very poor financial report. For the fiscal year ending March 2021, the Japanese company anticipates an operating loss of 140 billion yen ($1.33 billion). It will be the second year of losses in a row, and… Continue reading Mitsubishi Is In Trouble, Freezes New Car Launches In Europe

Dealers see surge in demand for low mileage lease deals

Dealers are seeing a surge in demand for low mileage car leasing deals as a result of the lockdown. Leasing.com, the platform that provides leasing deals from franchised motor dealerships, independent brokers, motor manufacturers and leasing companies, said it has seen a 40% increase in demand for sub-5,000 mile contracts. Changes in lifestyle, commutes and… Continue reading Dealers see surge in demand for low mileage lease deals

Renault confirms the signing of Mesonero-Romanos, ex of Seat, for its Design team

BOULOGNE-BILLANCOURT (FRANCE), Jul 27 (EUROPA PRESS) – The French automaker Renault has confirmed the hiring of Alejandro Mesonero-Romanos, former Design Director of the Spanish firm Seat, as a new member of the company’s Design team. As reported by the diamond company in a statement, Mesonero-Romanos will join the group’s Design team on October 1 and… Continue reading Renault confirms the signing of Mesonero-Romanos, ex of Seat, for its Design team

Mitsubishi Motors losses to hit $3.4bn in FY2020 due to COVID

TOKYO — Mitsubishi Motors said on Monday it expects a group net loss of 360 billion yen ($3.4 billion) for the year ending March 2021, marking the second straight year of red ink, as sales cratered due to the coronavirus pandemic. Mitsubishi, which is owned 34% by Nissan Motor, expects sales to drop 35% to… Continue reading Mitsubishi Motors losses to hit $3.4bn in FY2020 due to COVID

Mitsubishi Motors sees loss for second year in a row, will discontinue Pajero SUV

TOKYO (Reuters) – Japan’s Mitsubishi Motors Corp (7211.T) on Monday forecast its second straight year of losses hurt by a plunge in sales due in part to the coronavirus pandemic. FILE PHOTO: Mitsubishi Mi-Tech concept car is seen in Tokyo Motor Show in Tokyo, Japan October 24, 2019. REUTERS/Soe Zeya Tun/File Photo Japan’s No. 6… Continue reading Mitsubishi Motors sees loss for second year in a row, will discontinue Pajero SUV

Mitsubishi Motors forecasts full-year loss due to falling car sales

FILE PHOTO: Mitsubishi Mi-Tech concept car is seen in Tokyo Motor Show in Tokyo, Japan October 24, 2019. REUTERS/Soe Zeya Tun/File Photo TOKYO (Reuters) – Japan’s Mitsubishi Motors Corp (7211.T) on Monday forecast an operating loss of 140 billion yen ($1.33 billion) in the year to March as the automaker battles a fall in demand… Continue reading Mitsubishi Motors forecasts full-year loss due to falling car sales