Carlos Ghosn always said he was set up. Now there’s some evidence to support his claim. According to people familiar with what happened and previously unreported internal correspondence, the campaign by top Nissan Motor Co. executives to dethrone one of the most celebrated leaders in the automotive industry started almost a year before Ghosn’s arrest… Continue reading Emails: Ghosn takedown motivated by effort to stop Nissan, Renault integration
Tag: Mitsubishi
UPDATE 1-Vietnam’s VinFast to launch first electric car in 2021 – Reuters
* Company plans to target U.S. market with electric model * Electric model to debut at LA Auto Show in Nov. 2020 * VinFast a unit of Vingroup, Vietnam’s largest conglomerate * Batteries to use cells from South Korea’s LG Chem (Updates with company statement and details) By Khanh Vu HANOI, May 28 (Reuters) –… Continue reading UPDATE 1-Vietnam’s VinFast to launch first electric car in 2021 – Reuters
Upstream Expands Series B Funding
HERZLIYA, Israel, June 9, 2020 /PRNewswire/ — Upstream Security announced today that it has secured an expansion of its Series B funding with an investment by Salesforce Ventures. The undisclosed amount is in addition to $30 million previously invested by Alliance Venture Capital (Renault, Nissan, Mitsubishi), Hyundai, Nationwide Insurance, Volvo Group, and others. Upstream offers specialized… Continue reading Upstream Expands Series B Funding
@Mitsubishi: Mitsubishi Motors: Start of Project to Verify Open Platform Aggregation Business
TOKYO, June 9, 2020 – (JCN Newswire) – Thirty companies including Tokyo Electric Power Company Holdings, Inc., NEC Corporation, Goal connect Co., Ltd., SEKISUI CHEMICAL CO., LTD., TEPCO Power Grid, Inc., TEPCO Energy Partner, Inc., TAKAOKA TOKO CO., LTD., Toshiba Energy Systems & Solutions Corporation, Japan Weather Association, Mitsubishi Motors Corporation, and Hitachi Systems Power… Continue reading @Mitsubishi: Mitsubishi Motors: Start of Project to Verify Open Platform Aggregation Business
Makoto Uchida: “Nissan and Renault must support each other, provided the competitiveness is there”
Nissan, like its partner Renault, is at a turning point in its history. The Japanese manufacturer, whom the coronavirus crisis surprised even while it was going through a serious financial crisis, announced at the end of May a net loss of 6 billion euros on its last financial year, as well as a vast transformation… Continue reading Makoto Uchida: “Nissan and Renault must support each other, provided the competitiveness is there”
Why closing car plants in France is a long and painful process – Automotive News Europe
On purely business grounds, Renault could do without its plant in Maubeuge. Like its sister factory, 75 kilometers (47 miles) away in Douai, the plant opened nearly half a century ago as part of a government effort to stem the decline of France’s northern industrial coal belt. Production at the two sites is now at… Continue reading Why closing car plants in France is a long and painful process – Automotive News Europe
Groupe Renault : Finalization of a €5 Billion Credit Facility Agreement With a Guarantee of the French State
PRESS RELEASEGROUPE RENAULT ANNOUNCES THE FINALIZATION OF A €5 BILLION CREDIT FACILITY AGREEMENT WITH A GUARANTEE OF THE FRENCH STATEBoulogne-Billancourt, on June 3rd, 2020 – Groupe Renault announces the finalization of a credit facility agreement with a banking pool, for a maximum total amount of €5 billion benefiting from a guarantee of the French State.This… Continue reading Groupe Renault : Finalization of a €5 Billion Credit Facility Agreement With a Guarantee of the French State
Nissan: UK factory still under threat from no-deal Brexit
Media playback is unsupported on your device The UK’s largest car manufacturing plant is “unsustainable” if the UK leaves the European Union without a trade deal, owner Nissan says. The Japanese company’s global chief operating head told the BBC people had to understand the EU was the Sunderland factory’s biggest customer. Ashwani Gupta said that… Continue reading Nissan: UK factory still under threat from no-deal Brexit
Vertu Motors announces acquisition intention in 2019 financial results
Vertu Motors declared an intention to add new manufacturer partners as it grows through acquisition in a 2019 results statement following its first two days of showroom trading since the COVID-19 lockdown. Group chief executive, Robert Forrester, told AM “there’s no point being pessimistic” as he discussed the results of the group’s financial year to… Continue reading Vertu Motors announces acquisition intention in 2019 financial results
Indonesian decacorn Gojek snags funding from Facebook, PayPal
Southeast Asian ride-hailing decacorn Gojek has secured an unspecified amount of investment from Facebook and PayPal as part of its Series F funding round. Gojek’s existing backers Google and Tencent have also topped their investments in the company, according to an official statement. The latest capital injection has brought the company’s Series F round to… Continue reading Indonesian decacorn Gojek snags funding from Facebook, PayPal