Japan’s Nidec Corp said it will acquire a unit of Mitsubishi Heavy Industries that makes machine and cutting tools as it bolsters a push in motors for electric vehicles (EV). Nidec will buy the business from Japan’s biggest machinery maker for around 30 billion yen ($284 million) in a deal that will help it improve… Continue reading Japan’s Nidec to buy Mitsubishi machine tool unit for EV motor push
Tag: Renault
Fourth quarter and full year 2020 results
Amsterdam, the Netherlands, 4 February 2021 7:00 AM CEST TomTom on track for 10% growth in Location Technology in 2021 TOMTOM’S CHIEF EXECUTIVE OFFICER, HAROLD GODDIJN“The past year has been a turbulent one. COVID-19 continues to impact people’s lives and disrupt the global economy. While we have also been affected, our Enterprise business showed resilience… Continue reading Fourth quarter and full year 2020 results
Electric vehicle sales surge in EU amid Covid slump
Renault’s Zoe hatchback took poll position thanks to strong sales in France and Germany in particular, with nearly 100,000 sold last year on 23 key European markets Paris: Demand for electric vehicles soared in the EU last year as buyers took advantage of government subsidies for clean cars aimed at helping manufacturers weather the unprecedented… Continue reading Electric vehicle sales surge in EU amid Covid slump
@Renault: New LADA Largus: start of production000166
On February 4, AVTOVAZ started series production of the renewed LADA Largus family. The first car that rolled off the assembly line was LADA Largus Cross in the maximum configuration, painted in the new color “Karakum”.The new LADA Largus has been transformed externally, by having received an exterior and interior design in the modern LADA… Continue reading @Renault: New LADA Largus: start of production000166
@Renault: LADA: sales results for January000165
In January 2021, 21,857 LADA passenger cars and LCVs were sold in Russia, which is 0.3% higher than the result of the first month of 2020.The sales of LADA Granta and LADA Vesta amounted to 7,720 and 6,347 vehicles respectively. These two families are traditionally the leaders in terms of sales among other LADA cars.… Continue reading @Renault: LADA: sales results for January000165
EU car sales: COVID recovery expected to start in 2021, auto industry says
Brussels, 3 February 2021 – After a year that saw the sharpest drop ever in EU car sales due to the COVID-19 pandemic, the European Automobile Manufacturers’ Association (ACEA) forecasts that 2021 will mark a first step on the path to recovery, with sales rising by about 10% compared to 2020. The fallout of COVID… Continue reading EU car sales: COVID recovery expected to start in 2021, auto industry says
Exclusive: China’s FAW considers acquiring BMW partner Brilliance for about $7.2 billion – sources
By Julie Zhu 4 Min Read (Reuters) – FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd for about $7.2 billion in a two-stage deal that would see BMW’s main Chinese partner taken private, two people with direct knowledge of the matter told Reuters. FILE PHOTO: A man and a child look at… Continue reading Exclusive: China’s FAW considers acquiring BMW partner Brilliance for about $7.2 billion – sources
Mitsubishi Motors slows pandemic slide as Southeast Asia recovers
TOKYO — Mitsubishi Motors upgraded its full-year earnings guidance Tuesday thanks to a recovery in the Southeast Asian market and shrinking overhead costs, putting the company on course to potentially return to the black in fiscal 2021. The Japanese automaker now projects a 330 billion yen ($3.14 billion) net loss for the year ending March. The figure represents an upgrade of… Continue reading Mitsubishi Motors slows pandemic slide as Southeast Asia recovers
New Magnite brings the buzz back in Nissan showrooms
Nissan Motor India, which has little to show in terms of passenger vehicle market share, has reasons for cheer with its latest offering in the compact SUV space – Nissan Magnite – drawing huge consumer interest. The budget-friendly crossover, which undercuts rivals by as much as Rs 190,000, ex-showroom, is seeing customers queuing for this… Continue reading New Magnite brings the buzz back in Nissan showrooms
From trusted Ghosn adviser to nemesis: High-powered Nissan executive Hari Nada’s great escape
Thanks in his ruthless corporate knife-fighting skills, Nada allowed himself to deftly transform from trusted Ghosn adviser to nemesis. TOKYO: It was the fall of 2018, and Hari Nada, a high-powered Nissan executive, was afraid he might be headed to jail. Japanese prosecutors, Nada wrote in a note, were “seriously considering a criminal charge” against… Continue reading From trusted Ghosn adviser to nemesis: High-powered Nissan executive Hari Nada’s great escape