TOKYO — Nissan Motor‘s vice chief operating officer said he chose to leave the carmaker — where he was promoted to No. 3 just this month — for a position at Japanese motor maker Nidec in part because the clock is winding down for him. “I’m 58 years old, so there’s no time left,” Jun… Continue reading ‘No time left:’ Nissan No. 3 Seki explains decision to bolt
Tag: Renault
Renault India to launch new compact SUV in second-half 2020
Between April-November 2019, Renault India has more than doubled its UV market share to 4 percent. New compact SUV, set to debut in 2020, will further rev up demand. (Representational image) Renault India, which is gradually upping the ante in the SUV market with its recently launched seven-seat Triber, is plotting new moves to accelerate… Continue reading Renault India to launch new compact SUV in second-half 2020
Exclusive: Nissan orders drastic spending cuts to stem profit slide and ‘conserve every yen’ – sources
BEIJING (Reuters) – Japan’s Nissan Motor Co (7201.T) has told its managers to slash non-essential spending as the automaker grapples with slumping car sales and tumbling profits, three company sources with knowledge of the matter told Reuters. FILE PHOTO: The logo of Nissan Motor Co. is seen at its show room behind a traffic sign… Continue reading Exclusive: Nissan orders drastic spending cuts to stem profit slide and ‘conserve every yen’ – sources
Nissan picks Sakamoto as board candidate after Seki’s sudden resignation
FILE PHOTO: Nissan Executive Vice President Hideyuki Sakamoto poses with the carmaker’s logo in the showroom at the carmaker’s headquarters in Yokohama, Japan, January 13, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Nissan Motor Co (7201.T) chose executive vice president Hideyuki Sakamoto as a candidate for the board of directors, the company said on Friday, following… Continue reading Nissan picks Sakamoto as board candidate after Seki’s sudden resignation
Mitsubishi to phase out diesel vehicles
TOKYO — Mitsubishi Motors has decided to stop developing new diesel engines, Nikkei has learned. The Japanese automaker will eliminate diesel versions of its key car models by the end of 2021 and significantly reduce the size of its existing diesel vehicle business. Diesel engine vehicles are falling out of favor, especially in Europe, with… Continue reading Mitsubishi to phase out diesel vehicles
Nidec’s charismatic founder still in search for a successor
TOKYO — Japanese motor maker Nidec is to hire Jun Seki, the vice chief operating officer at Nissan Motor, as a potential candidate for president. Seki is the third outside executive recruited by Shigenobu Nagamori, Nidec’s chairman and chief executive, as a candidate for the position. Like Masayoshi Son, SoftBank Group’s president and chief executive, and Tadashi Yanai, president and… Continue reading Nidec’s charismatic founder still in search for a successor
Renault India to focus on petrol run vehicles; phases out Lodgy
CHENNAI: French auto-major Renault India would focus on petrol run products and has lined up new variants of its existing models, besides a new “sub-4 metre SUV” in 2020, a top company official said on Tuesday. Renault India Operations, Country CEO, Venkatram Mamillapalle said the company would roll out the BS-VI range of products and… Continue reading Renault India to focus on petrol run vehicles; phases out Lodgy
Renault India plans e-mobility drive from 2021, one new ICE model every year
Renault India, a fully owned subsidiary of Renault SAS France says it will phase out of diesel vehicles in India and will come up with newer launches in the next 2-3 years, while expanding its dealership network to around 370 outlets by 2022. Before that, the company also plans to launch an EV in the… Continue reading Renault India plans e-mobility drive from 2021, one new ICE model every year
Nissan sells 417,913 vehicles globally in November 2019, down 10.3%
Nissan has recently released its monthly sales report for the month of November 2019 and the document shows that Nissan has sold a total of 417,913 vehicles in the month. A decline of 10.3 percent in comparison to November 2018 figures. In the year to date, January to November, Nissan sold a total of 4,719,675… Continue reading Nissan sells 417,913 vehicles globally in November 2019, down 10.3%
Without Carlos Ghosn, the Nissan-Renault Alliance Has Started to Crack – Wall Street Journal
It took a year without Carlos Ghosn for the auto makers he once led to realize what he had been doing for two decades: keeping Nissan Motor Co. and Renault SA from coming apart at the seams. Since Mr. Ghosn was arrested in November 2018, insiders at the companies said the two partners, lacking a… Continue reading Without Carlos Ghosn, the Nissan-Renault Alliance Has Started to Crack – Wall Street Journal