YOKOHAMA, Japan (Reuters) – The executive tasked with leading a recovery at Nissan Motor Co Ltd (7201.T) said he had decided to resign just weeks into his new job, a move that could disrupt the automaker’s push to turn the corner on scandal and slumping sales. FILE PHOTO: Nissan Motor executive officer and vice-COO Jun… Continue reading Nissan top executive Seki to resign in blow to turnaround plan
Tag: Renault
Auto Slowdown: Honda reopens Manesar factory after 2 weeks but slowdown in industry still persists – Business Today
India’s second-largest two-wheeler maker Honda Motorcycle and Scooter India (HMSI) on Monday reopened its Manesar factory after almost two weeks of shut down. Around 1900 permanent workers were asked to resume work in batches and no vehicles were produced, which is expected to happen only later this week. Neither was there any clarity whether a… Continue reading Auto Slowdown: Honda reopens Manesar factory after 2 weeks but slowdown in industry still persists – Business Today
EMBARGOED-Electric vehicle startup Rivian scores $1.3 bln investment from T.Rowe Price, others
Dec 23 (Reuters) – Electric vehicle startup Rivian said on Monday it closed a $1.3 billion investment round, led by fund manager T. Rowe Price but also including existing investors online retailer Amazon.com Inc and No. 2 U.S. automaker Ford Motor Co. The investment round, which also included BlackRock Inc, is the fourth this year… Continue reading EMBARGOED-Electric vehicle startup Rivian scores $1.3 bln investment from T.Rowe Price, others
@Renault: RENAULT, PUBLICIS, OMD LAUNCH NEW ERA OF COLLABORATION: IN A WORD, VOILÀ.
Groupe Renault and its long-standing partners, Publicis and OMD, are launching a unique project bringing together the marketing teams of the three groups in a single platform to collaboratively develop brand campaigns for Renault and Dacia. Voilà: A common platform, an agile collaboration model As a first step, this platform will bring together 200… Continue reading @Renault: RENAULT, PUBLICIS, OMD LAUNCH NEW ERA OF COLLABORATION: IN A WORD, VOILÀ.
Mitsubishi Corp and NTT to acquire 30% stake in HERE Technologies
Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan are to jointly acquire a 30 percent ownership stake in HERE Technologies. The companies are co-investing in Here via their newly established, jointly owned holding company ‘COCO Tech Holding’ B.V. in the Netherlands. The transaction is expected to close in the first half of… Continue reading Mitsubishi Corp and NTT to acquire 30% stake in HERE Technologies
Mazda shifts Thai SUV production to Japan as baht soars
TOKYO — Mazda Motor will review its production footprint in Thailand, Southeast Asia’s top automotive hub, and move the assembly of some models to Japan, as the automaker combats the continued appreciation of the baht against key currencies. Mazda will relocate the production of CX-3 sport utility vehicles meant for the Australia market to a factory in the western… Continue reading Mazda shifts Thai SUV production to Japan as baht soars
Nissan LEAF Gets A Price Cut In The UK
Just in time for Christmas, too. Struggling with what to get your loved ones for Christmas? Well Nissan may have an answer, because it’s cutting the price of its best-selling Leaf electric car over the festive period. The Sunderland-built car, the world’s best-selling EV, has been dropped in price by £1,650 across the entire range, meaning… Continue reading Nissan LEAF Gets A Price Cut In The UK
Renault’s Senard: Nissan capital change is ‘last thing on my mind’
PARIS — French automaker Renault agrees with Nissan Motor to preserve the capital structure between the two companies for the time being, said Renault Chairman Jean-Dominique Senard, who stressed that capital changes are “the last thing on my mind.” In an interview with the Nikkei Asian Review, Senard said he wants to converge Renault’s technologies… Continue reading Renault’s Senard: Nissan capital change is ‘last thing on my mind’
HERE Technologies welcomes Mitsubishi Corporation and NTT as new investors
• Companies to co-invest, taking 30% ownership stake in HERE• Broadened shareholder structure will support HERE’s ambitions to accelerate growth in new industries and markets• HERE to explore further strategic opportunities with MC and NTTDecember 20, 2019Amsterdam – HERE Technologies today announced that Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan… Continue reading HERE Technologies welcomes Mitsubishi Corporation and NTT as new investors
Mitsubishi and NTT to buy 30% of mapping company Here
Mitsubishi and NTT to buy 30% of self-driving mapping company Here Read M&A insights you won’t find elsewhere Exclusive scoops Smart data to help spot risk and opportunity Analysis of broader trends in M&A Lex, our agenda-setting business commentary (Premium only) Due Diligence, an exclusive M&A newsletter (Premium only) Choose your subscription Trial Not sure… Continue reading Mitsubishi and NTT to buy 30% of mapping company Here