Tag: Renault

Mazda braces for record annual operating loss as car sales slump

FILE PHOTO: The logo of Mazda Motor Corp. is displayed at the company’s news conference venue in Tokyo, Japan May 11, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Mazda Motor Corp (7261.T) forecast a record annual operating loss on Friday as the Japanese automaker continues to be pummelled by falling vehicle sales due to the COVID-19… Continue reading Mazda braces for record annual operating loss as car sales slump

In India, a diminished Nissan bets big on a small SUV

NEW DELHI (Reuters) – By any measure, Nissan Motor Co Ltd (7201.T) has had a dreadful run in India. A push to revive its lower-end Datsun brand flopped, sales have slumped 60% over the past five years and its sole plant in the country is operating way below capacity. The Nissan Magnite Concept SUV is… Continue reading In India, a diminished Nissan bets big on a small SUV

Nissan launches pilot in Australia, will offer V2G to customers this year

A major government trial of vehicle-to-grid (V2G) technology in Australia will demonstrate the Nissan LEAF’s ability to supply energy to a home or commercial site, or to feed power back to the grid, thanks to its built-in bidirectional charging capability. The Realising Electric Vehicle Services (REVS) project is a precursor to the customer launch of… Continue reading Nissan launches pilot in Australia, will offer V2G to customers this year

Japan group to bring quantum computers to the workplace

TOKYO — Leading Japanese universities and corporations have joined hands with IBM to develop practical quantum computing applications in finance, materials development and the broader business scene. “I believe that Japan will play an important role in implementing quantum computing technology to society ahead of rest of the world, and that industry-academia-government collaboration is necessary… Continue reading Japan group to bring quantum computers to the workplace

Mazda slams brakes on 1.8m auto sales goal after less than a year

TOKYO — Mazda Motor will retract its goal of selling about 1.8 million vehicles worldwide by fiscal 2024 as the Japanese automaker struggles with the impact of the coronavirus pandemic, Nikkei has learned. Mazda’s vehicle sales plummeted by a quarter in the first half of this year, further dimming prospects for reaching the target. The company is expected to announce the… Continue reading Mazda slams brakes on 1.8m auto sales goal after less than a year

Twin storms batter struggling Nissan-Renault-Mitsubishi alliance

TOKYO — It has only been a few months since the carmakers that form the Renault-Nissan-Mitsubishi alliance announced some of the most dire annual results in their history — but anyone who thought that marked the end of their trials has been roundly disabused of the notion. Renault announced Thursday that it posted a record… Continue reading Twin storms batter struggling Nissan-Renault-Mitsubishi alliance

Visteon Announces Second-Quarter 2020 Results

Net sales of $371 million; 48% reduction Y/Y excluding currencyIndustry production down 45% Y/Y; Visteon customers down 53% Y/YVisteon sales outperformed customer production by five percentage points$1.7 billion in new business and 21 new product launches YTDCash of $759 million; no significant near-term debt maturitiesVAN BUREN TOWNSHIP, Mich., July 30, 2020 (GLOBE NEWSWIRE) — Visteon… Continue reading Visteon Announces Second-Quarter 2020 Results

GROUPE RENAULT: Communication about availability – Documents relating to H1 2020 financial results communication

Communication about availability – H1 2020 financial resultsBoulogne, July 30, 2020Renault announces today its H1 2020 financial results. The following documents are available on Renault website https://group.renault.com/en/finance-2/financial-information/documents-and-publications/  :Press releaseEarnings reportH1 2020 financial results presentationLuca de Meo’s speech scriptAttachmentRenault _ Availability Publication H1 2020 Go to Source

UK car production slumps to lowest level since 1954

The number of cars built in the UK over the past six months has slumped to the lowest since 1954, according to the industry’s trade body. A total of 381,357 cars were made the six months to June, down 42% on the period last year, said the Society of Motor Manufacturers and Traders (SMMT). The… Continue reading UK car production slumps to lowest level since 1954