Tag: Mitsubishi

Japan’s Mitsubishi UFJ to buy Indonesia auto loan firm Mandala for USD 467 mln

Singapore’s second-biggest bank, Oversea-Chinese Banking Corp, is looking for acquisitions in Indonesia to speed up its growth, its CEO told Reuters last year. Mitsubishi UFJ Financial Group said on Monday it was buying Indonesian auto loan provider Mandala Multifinance for 7 trillion rupiah (USD 467 million) to deepen its Asian presence and tap consumption growth… Continue reading Japan’s Mitsubishi UFJ to buy Indonesia auto loan firm Mandala for USD 467 mln

German Manager Magazine: Nissan Motor: Allegations of spying on the Renault partner002563

At the Japanese car company Nissan According to insiders, the CEO is said to have spied on his deputy for a long time. CEO Makoto Uchida (56) had his board colleague and chief operating officer Ashwani Gupta (53) spied on, according to a letter from a leading Nissan consultant to the independent members of the… Continue reading German Manager Magazine: Nissan Motor: Allegations of spying on the Renault partner002563

Japan’s MUFG to buy Indonesian car loan company

TOKYO — Mitsubishi UFJ Financial Group will acquire a major automobile loan provider in Indonesia for 7 trillion rupiah ($465 million), becoming the industry leader in that country, Nikkei has learned. This marks the latest instance of a Japanese megabank stepping up acquisitions in Southeast Asia to tap a growing middle class as the region’s… Continue reading Japan’s MUFG to buy Indonesian car loan company

Mitsubishi Motors’ Dealer Facility Program Reaches Milestone, 100th Updated “Visual Identity” Store Opens Outside Tampa, Florida

Importantly, and after four years of execution, the program has delivered upon its mission to enhance customer experience as well as dealer performance. In fact, data shows that these reimagined stores’ customer satisfaction scores are consistently and significantly higher, as well as allowing the facility to average nearly 17% higher monthly net profit than their… Continue reading Mitsubishi Motors’ Dealer Facility Program Reaches Milestone, 100th Updated “Visual Identity” Store Opens Outside Tampa, Florida

MUFG, partners launch $1.5 bln climate finance venture GAIA

Mitsubishi UFJ Financial Group and partners, including Canada’s development finance body, have launched a $1.5-billion platform to help drive climate-focused investment into developing and emerging countries. The new venture, dubbed GAIA and announced at the Summit for a New Global Financial Pact in Paris on Thursday, aims to blend private sector investment with concessional capital from public and… Continue reading MUFG, partners launch $1.5 bln climate finance venture GAIA

EnjoyElec bags funds and 44 more deals from Greater China worth over $1.1bPorsche Ventures has injected capital into Chinese energy tech firm EnjoyEle…

Porsche Ventures, the venture capital unit of luxury car maker Porsche, has injected an undisclosed sum into Chinese energy tech firm EnjoyElec via a strategic financing round.   Founded in 2015, EnjoyElec, also known as PowerShare, is a virtual power plant (VPP) solutions provider with battery AI technology at its core. VPP is a decentralised network… Continue reading EnjoyElec bags funds and 44 more deals from Greater China worth over $1.1bPorsche Ventures has injected capital into Chinese energy tech firm EnjoyEle…

German Manager Magazin: Carlos Ghosn: Ex-Nissan boss sues Nissan for one billion dollars002551

Carlos Ghosn (69), the former head of the three-way alliance of car manufacturers Renault, Nissan and Mitsubishi has sued automaker Nissan for more than $1 billion. This emerges from a copy of the lawsuit that was filed with the Lebanese public prosecutor’s office last month and is available to various news agencies. The May 18… Continue reading German Manager Magazin: Carlos Ghosn: Ex-Nissan boss sues Nissan for one billion dollars002551

Disgraced Nissan boss Carlos Ghosn sues former employer for $1bn

Carlos Ghosn being interviewed in Beirut in 2021. Photograph: Mohamed Azakir/Reuters Carlos Ghosn being interviewed in Beirut in 2021. Photograph: Mohamed Azakir/Reuters Disgraced Nissan boss Carlos Ghosn sues former employer for $1bn Executive who jumped bail in Japan and escaped to Beirut has filed claim in Lebanese court Carlos Ghosn, the disgraced former Nissan executive… Continue reading Disgraced Nissan boss Carlos Ghosn sues former employer for $1bn

Carlos Ghosn slaps $1 billion lawsuit on Nissan for his dismissal

Carlos Ghosn, former CEO of Nissan Motor has sued the Japanese automaker and claimed over $1 billion in damages. The auto executive has claimed that there has been ‘deep damage’ to his finances and reputation as a result of his ouster and arrest in 2018 for which he is seeking reparation. He has filed the… Continue reading Carlos Ghosn slaps $1 billion lawsuit on Nissan for his dismissal