It’s hard to keep up with the fundraising spree in China’s autonomous driving industry these days. Guangzhou- and California-based robotaxi company WeRide, which counts Renault-Nissan-Mitsubishi Alliance as one of its strategic investors, has raised over $600 million in just under five months from its Series B and C financing rounds. The four-year-old upstart said in… Continue reading Chinese robotaxi unicorn WeRide bags over $600M in 5 months
Tag: Mitsubishi
Chinese self-driving startup WeRide raises $310m, strengthens ties with Nissan …
WeRide, a China-based autonomous driving startup, said on Wednesday that it would deepen development with Nissan Motor on autonomous driving technology for the China market as it raised $310 million at a $3.3 billion valuation. WeRide, led by founder Tony Han, is pursuing what is known in the auto industry as a level 4 autonomous… Continue reading Chinese self-driving startup WeRide raises $310m, strengthens ties with Nissan …
The Station: Waymo nabs more capital, Cruise taps a $5B credit line and hints about Argo’s future
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to… Continue reading The Station: Waymo nabs more capital, Cruise taps a $5B credit line and hints about Argo’s future
@Ford: Franck Louis-Victor to Join Ford as VP, New Businesses, A Strategic Priority in Ford+ Plan to Grow, Create Value
Will head cross-functional team charged with accelerating development, incubation and delivery of new businesses to accelerate innovation in areas including AVs, mobility services DEARBORN, Mich., June 21, 2021 – A key driver of the Ford+ plan to grow and create value for customers and other stakeholders has a new leader, with Ford naming former Groupe… Continue reading @Ford: Franck Louis-Victor to Join Ford as VP, New Businesses, A Strategic Priority in Ford+ Plan to Grow, Create Value
Interview: Carlos Ghosn on the dark side of Japan, life in Lebanon and his upcoming documentary – Arab News
LONDON: Carlos Ghosn, the auto-executive-turned-fugitive who plotted a brazen escape from Osaka in December 2019 following his arrest by Japanese authorities on charges of financial misconduct, has denounced what he calls Japan’s darker side — its legal system. Ever since the French-Lebanese-Brazilian former chairman of Japanese car giant Nissan was arrested at Tokyo International Airport… Continue reading Interview: Carlos Ghosn on the dark side of Japan, life in Lebanon and his upcoming documentary – Arab News
Mitsubishi HC Capital to buy NYSE-listed CAI International for $1.1b
Transportation finance and logistics company CAI International Inc said on Thursday it has agreed to a $1.1 billion takeover by Mitsubishi HC Capital Inc, as the Japanese financial firm expands its overseas operations. The deal consists of $104 million worth of preferred stock and $986 million of common stock equity value, and has an enterprise… Continue reading Mitsubishi HC Capital to buy NYSE-listed CAI International for $1.1b
SG automotive marketplace Carro raises $360m led by SoftBank to become a unicorn
Singapore-headquartered Carro has announced the completion of a $360 million Series C funding round led by SoftBank Vision Fund 2, making it the first automotive marketplace unicorn in Southeast Asia. Notable investors in this round of financing include several prominent Indonesia-based funds such as EV Growth, according to a statement, according to a press release… Continue reading SG automotive marketplace Carro raises $360m led by SoftBank to become a unicorn
Nissan to end development of sedans in Japan
TOKYO — Nissan Motor will end development of new versions of all its sedans in Japan as sport utility vehicles make inroads into its home market, Nikkei has learned. Major suppliers had been informed of the plans as of Friday, according to people familiar with the matter. All four sedan models sold in Japan will… Continue reading Nissan to end development of sedans in Japan
Ghosn speaks his mind on Renault-Nissan’s fall – Asia Times
This is the second of two stories based on an exclusive interview with Carlos Ghosn. Part one, “Secret pay never happened,” is here. It was a big event at the time, although mostly forgotten by now. On a mild autumn evening in 2004, Carlos Ghosn, then president and CEO of Nissan Motor Co, was inducted… Continue reading Ghosn speaks his mind on Renault-Nissan’s fall – Asia Times
Mitsubishi Logisnext Americas Group Appoints Equipment Depot As Non-Exclusive Dealer For Wisconsin And Northern Michigan
HOUSTON, June 9, 2021 /PRNewswire/ — Mitsubishi Logisnext Americas group, a leading North American provider and manufacturer of material handling and innovative automation and fleet solutions, announced today that it has appointed Equipment Depot as its non-exclusive dealer for the Cat® lift trucks, Mitsubishi forklift trucks and Jungheinrich® brands across Wisconsin and Northern Michigan, effective July… Continue reading Mitsubishi Logisnext Americas Group Appoints Equipment Depot As Non-Exclusive Dealer For Wisconsin And Northern Michigan