Tokyo, May 19, 2020 – MITSUBISHI MOTORS CORPORATION (MMC) today announced its full year financial results for FY 2019 (from Apr 1, 2019 to Mar 31, 2020). Summary of financial results Reference documents (Consolidated) Additional information material Presentation material Go to Source
Tag: Mitsubishi
Number Of CHAdeMO DC Charging Points Exceed 32,000: Chart
The CHAdeMO Association recently updated the official numbers of the installed DC chargers with CHAdeMO plugs, which globally reached 32,300 (28% more compared to 25,300 in June 2019). Despite the standard having a truly global presence (it’s the same everywhere and you can find it almost in all markets), we feel it’s gradually fading due… Continue reading Number Of CHAdeMO DC Charging Points Exceed 32,000: Chart
Daimler India CV rejigs top management team
Karl-Alexander Seidel has been appointed as Head of Daimler Buses India. Daimler India Commercial Vehicles (DICV) today announced the appointment of two new top executives, Muthu Maruthachalam C and Karl-Alexander Seidel. Satyakam Arya, Managing Director & CEO, Daimler India Commercial Vehicles, said: “Muthu Maruthachalam C and Karl-Alexander Seidel are highly capable leaders with a wealth… Continue reading Daimler India CV rejigs top management team
Mazda Motor seeks $2.8 billion in loans to ride out pandemic: source
The logo of Mazda is pictured at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Andrew Cullen TOKYO (Reuters) – Mazda Motor Corp (7261.T) has sought loans totalling about 300 billion yen ($2.8 billion) from Japan’s three megabanks and other lenders to ride out the coronavirus epidemic, a source with direct knowledge… Continue reading Mazda Motor seeks $2.8 billion in loans to ride out pandemic: source
Rumor: Nissan To Pull Back From Europe
We do not hear much about Nissan in the EV space in recent years, as the Japanese company really distanced itself from the electric cars after the initial push for the LEAF and e-NV200. There was a hope that with a new all-electric platform, Nissan will rebound with new models. However, after the Carlos Ghosn… Continue reading Rumor: Nissan To Pull Back From Europe
@Daimler: Sales Milestone for Daimler Trucks in India: 100,000 BharatBenz Trucks on the Road
Daimler India Commercial Vehicles (DICV), Daimler’s commercial vehicle subsidiary in India, achieved a major milestone during the first quarter of 2020. Within eight years of the start of production in 2012, the company has sold more than 100,000 medium and heavy-duty BharatBenz trucks in India. This marks an unprecedented ramp-up in the world’s toughest commercial… Continue reading @Daimler: Sales Milestone for Daimler Trucks in India: 100,000 BharatBenz Trucks on the Road
Nissan plans to rely more on partnerships for EV production
At the end of the month, Nissan will present its new “operational performance plan.” Early media reports show that Nissan will expand cooperation with Mitsubishi for plug-in hybrids in Asia and Renault for EVs in Europe. Plans for the Ariya, a new all-electric crossover, remain murky. Nissan ceded its early leadership role in electric cars… Continue reading Nissan plans to rely more on partnerships for EV production
Nissan to retrench further in new plan to focus on US, Japan, China
May 4 (Reuters) – Nissan Motor Co Ltd will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters.
The “operational performance plan” is due to be announced on May 28 and goes beyond fixing problems from ousted leader Carlos Ghosn's aggressive expansion drive, the people said.
Pursuit of market share, particularly in the United States, led to steep discounting and a cheapened brand. Under the new, three-year plan – reported here for the first time – Nissan aims to restore dealer ties and refresh lineups to regain pricing power and profitability, the people told Reuters.
“This is not just a cost-cutting plan. We're rationalising operations, reprioritising and refocusing our business to plant seeds for the future,” one of the people said.
The plan also aims to cut competition and expand cooperation with alliance par..
Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China
(Reuters) – Nissan Motor Co Ltd (7201.T) will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters. FILE PHOTO: People walk past a dealer shop of Nissan… Continue reading Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China
Otonomo Raises $46M in Series C Funding to Expand Its Automotive Data Services Platform
HERZLIYA, ISRAEL, April 30, 2020 (GLOBE NEWSWIRE) — Otonomo, the leading automotive data services platform, today announced $46 million in series C funding. The round includes investments from SK Holdings, Avis Budget Group, and Alliance Ventures as well as participation from existing investors such as Bessemer Venture Partners. This round brings the company’s total funding… Continue reading Otonomo Raises $46M in Series C Funding to Expand Its Automotive Data Services Platform