Renault SA and Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. unveiled a plan for deeper cooperation in developing and building vehicles as they seek to salvage their strained alliance and weather a collapse in car demand. The measures will help deliver savings of as much as 40% in model investments for jointly developed… Continue reading Renault, Nissan abandon race for growth to focus on costs
Tag: Mitsubishi
Renault and Nissan rule out merger as they unveil survival plan
PARIS/TOKYO (Reuters) – Renault (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) ruled out a merger on Wednesday and instead said they would cooperate more closely on vehicle development to slash costs and salvage their troubled alliance. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships… Continue reading Renault and Nissan rule out merger as they unveil survival plan
UPDATE 2-Renault and Nissan rule out merger as they unveil survival plan
FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Reims, France, July 9, 2019. REUTERS/Christian Hartmann PARIS/TOKYO (Reuters) – Renault (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) said on Wednesday they would each take a lead on car manufacturing in different… Continue reading UPDATE 2-Renault and Nissan rule out merger as they unveil survival plan
@Nissan: Alliance new cooperation business model to support member-company competitiveness and profitability
2020/05/27 Alliance partners to leverage leader-follower scheme to enhance efficiency and competitiveness in products and technologies Individual members to be reference for the regions where they have key strengths, acting as a gateway and support mechanism for partners’ competitiveness Alliance continues to benchmark performance in products, technologies and markets against top industry standards Groupe Renault,… Continue reading @Nissan: Alliance new cooperation business model to support member-company competitiveness and profitability
Nissan and Renault shelve merger plans to repair their alliance: sources
(Reuters) – Renault (RENA.PA) and Nissan (7201.T) have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front… Continue reading Nissan and Renault shelve merger plans to repair their alliance: sources
UPDATE 1-Nissan considering 20,000 job cuts, mainly in Europe, developing nations -Kyodo
FILE PHOTO: A Nissan logo is pictured at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir TOKYO (Reuters) – Nissan Motor Co (7201.T) is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese automaker struggles to recover from plunging car sales.… Continue reading UPDATE 1-Nissan considering 20,000 job cuts, mainly in Europe, developing nations -Kyodo
Renault could disappear and must adapt: French finance minister
FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, February 19, 2020. REUTERS/Stephane Mahe PARIS (Reuters) – Renault (RENA.PA) could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, France’s Finance Minister Bruno Le Maire said on… Continue reading Renault could disappear and must adapt: French finance minister
Mitsubishi Motors to cut costs after slump in annual profit
TOKYO (Reuters) – Mitsubishi Motors Corp (7211.T) will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend. FILE PHOTO: Logos of Mitsubishi Motors Corp are seen at a showroom of the… Continue reading Mitsubishi Motors to cut costs after slump in annual profit
Mitsubishi Motors’ annual profit tumbles, refrains from issuing forecast
TOKYO (Reuters) – Mitsubishi Motors Corp (7211.T) posted on Tuesday an 89% drop in annual operating profit for its weakest performance in three years and skipped the year-end dividend, as the coronavirus outbreak added to the Japanese automaker’s profitability woes. FILE PHOTO: Logos of Mitsubishi Motors Corp are seen at a showroom of the company’s… Continue reading Mitsubishi Motors’ annual profit tumbles, refrains from issuing forecast
Mitsubishi Motors’ full-year profit slumps 89%
FILE PHOTO: Logos of Mitsubishi Motors Corp are seen at a showroom of the company’s headquarters in Tokyo, Japan November 26, 2018. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Mitsubishi Motors Corp (7211.T) on Tuesday posted an 89% drop in annual operating profit in the year ended March as the Japanese automaker took a hit from… Continue reading Mitsubishi Motors’ full-year profit slumps 89%