Tag: Mitsubishi

@Renault: RENAULT GROUP: Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors000377

Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors Geely Automobile Holdings (Geely Auto, stock code on SEHK: 0175) and Renault Group have reached an agreement into which Geely Auto will subscribe for 34.02% of the shares in Renault Korea Motors (RKM) through a capital increase mechanism. The deal will be… Continue reading @Renault: RENAULT GROUP: Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors000377

Tesla, new profit champion among automakers

Who would’ve believed that ? Barely a year ago, Tesla’s meager profits came largely from sale of CO2 credits . Today, against all odds, the champion of the electric car has also become the champion of profitability in the automotive industry. According to the ranking established by the firm EY based on the 2021 accounts… Continue reading Tesla, new profit champion among automakers

Carlos Ghosn allegedly received more than $30 million from a Renault distributor in the Middle East

If Carlos Ghosn escaped Japanese justice by fleeing to Lebanon, he risks soon being tried in France, whether he is present or not, for abuse of corporate assets, money laundering and acts of corruption. French magistrates suspect the former CEO of the Renault-Nissan-Mitsubishi alliance of having received more than $30 million from a major distributor… Continue reading Carlos Ghosn allegedly received more than $30 million from a Renault distributor in the Middle East

Car makers treble battery range and deliver 15-fold increase in model choice in a decade

Average battery range of vehicles at annual SMMT Test Day grows from 74 miles to almost 260 miles during Britain’s first ‘electric decade’. Industry confirms commitment to zero-emission motoring, from hatchbacks to supercars, as more than 40% of models on the market now come with a plug. SMMT Test Day reflects EV model choice with… Continue reading Car makers treble battery range and deliver 15-fold increase in model choice in a decade

The time in stock of a used ‘ECO’ vehicle is 20% less than that of a combustion vehicle

25 April, 2022 Posted by: Jorge Platero Category: Faconauto News The hybrid Toyota Yaris is the fastest ‘ECO’ used vehicle to find a buyer, according to data from autobiz’s Green Car Monitor VO for Sumauto. The high prices of fuel and the changes in habit generated by the pandemic are transforming trends in dealerships. According… Continue reading The time in stock of a used ‘ECO’ vehicle is 20% less than that of a combustion vehicle

Stellantis stops production in Russia because of sanctions, logistics

The maker of Chrysler, Jeep, Dodge and Ram on Tuesday said it has halted production of commercial vans at its plant in Russia. Stellantis NV has suspended the manufacturing operations at the plant in Kaluga more than three hours southwest of Moscow it operates with Mitsubishi Motors Corp. The company in a statement cited increasing cross… Continue reading Stellantis stops production in Russia because of sanctions, logistics

Stellantis Stops Car Shipments to and From Russia

Stellantis, the maker of Jeep, Fiat and Peugeot vehicles, has suspended exports of cars from Russia and imports of vehicles into the country, the company said Thursday. The automaker operates a small plant in partnership with Mitsubishi in Kaluga, southwest of Moscow. The plant employs about 2,700 people and produces small delivery vans that Stellantis… Continue reading Stellantis Stops Car Shipments to and From Russia

Mitsubishi Motors Announces Industry-Leading New Work-From-Home Policy

“Our new work from home policy comes down to one thing: tremendous trust in our employee team,” said recently appointed MMNA CEO Mark Chaffin. “Over the last two years, our employees have risen to the challenges of a global pandemic and historic supply chain disruptions, and they’ve propelled the brand to record-breaking sales success. They’ve… Continue reading Mitsubishi Motors Announces Industry-Leading New Work-From-Home Policy

@Renault: RENAULT GROUP: CONDITIONS FOR HOLDING THE ANNUAL GENERAL MEETING OF MAY 25th, 2022 AND AVAILABILITY OF THE MEETING DOCUMENTS000374

PRESS RELEASE April 13th, 2022 CONDITIONS FOR HOLDING THE ANNUAL GENERAL MEETING OF MAY 25th, 2022 AND AVAILABILITY OF THE MEETING DOCUMENTS Boulogne-Billancourt, April 13th, 2022. The Combined General Meeting of Renault S.A. will be held at 3.00 p.m. on Wednesday May 25, 2022 at Palais des Congrès, 2 place de la Porte Maillot, 75017… Continue reading @Renault: RENAULT GROUP: CONDITIONS FOR HOLDING THE ANNUAL GENERAL MEETING OF MAY 25th, 2022 AND AVAILABILITY OF THE MEETING DOCUMENTS000374