TOKYO — Mitsubishi Motors has requested 300 billion yen ($2.8 billion) in financing from domestic and foreign lenders as the coronavirus pandemic clouds the outlook for the auto industry, Nikkei learned Tuesday. This total includes 200 billion yen from Japanese private- and public-sector financial institutions. The automaker is in talks for a syndicated loan from… Continue reading Mitsubishi Motors seeks $2.8bn in loans
Tag: Mitsubishi
Nissan completes fiscal year for the first time in eleven years
Posted on Apr. 28, 2020, 4:30 p.m. Legally forced to inform the Tokyo Stock Exchange of the sudden deterioration in its performance, Nissan’s communications department improvised an unnecessarily convoluted statement on Tuesday to avoid letting go of the taboo word “losses”. However, the Japanese group and major partner of Renault is well on the point… Continue reading Nissan completes fiscal year for the first time in eleven years
@Mitsubishi: Mitsubishi Motors Starts Production of Face Shields to Help Prevent the Spread of COVID-19 Infections
TOKYO, Apr 27, 2020 – (JCN Newswire) – To help prevent the spread of COVID-19 infections, Mitsubishi Motors Corporation (MMC) produces face shields to provide to medical institutions. Donating face shields to the city of Okazaki Production of approximately 1,500 face shields per month has started at the Okazaki Plant in Aichi Prefecture and other… Continue reading @Mitsubishi: Mitsubishi Motors Starts Production of Face Shields to Help Prevent the Spread of COVID-19 Infections
Japan’s Mitsubishi Motors predicts losses over pandemic
Japanese automaker Mitsubishi Motors Corp. says it expects to move into the red during the current fiscal year as sales plunge because of the coronavirus pandemic
Nissan, partners to draft deeper alliance in May: Yomiuri
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 TOKYO (Reuters) – Nissan Motor Co (7201.T), Renault SA (RENA.PA) and Mitsubishi Motors Corp (7211.T) will draft plans for a deeper alliance next month, including joint development of… Continue reading Nissan, partners to draft deeper alliance in May: Yomiuri
RENAULT: Groupe Renault sets its new Strategy for China
PRESS RELEASE Groupe Renault sets its new Strategy for ChinaGroupe Renault will focus in China on light commercial vehicles (LCV) and electric vehicles (EV).Groupe Renault will transfer its shares in Dongfeng Renault Automotive Company Ltd (DRAC) to Dongfeng Motor Corporation. DRAC will stop its Renault brand-related activities.LCV business is operated through Renault Brilliance Jinbei Automotive… Continue reading RENAULT: Groupe Renault sets its new Strategy for China
Toyota to halt Indonesia production as Jakarta locks down
JAKARTA — Toyota Motor will temporarily shut down production in Indonesia, Nikkei learned Thursday, with the government ordering a partial lockdown in the capital to stem the spread of the novel coronavirus. Toyota will halt operations from Monday through April 17. Toyota subsidiary Daihatsu Motor is to suspend production for eight days starting Friday. Toyota’s annual output capacity in the country totals… Continue reading Toyota to halt Indonesia production as Jakarta locks down
Groupe Renault:COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS 9th April 2020
PRESS RELEASE COMMUNICATION OF RENAULT’S BOARD OF DIRECTORSAnnual General Meeting of Shareholders to take place on June 19, 2020Cancellation of the dividend for the 2019 financial year25% reduction in compensation for the Chairman and interim CEO25% reduction in Directors’ 2020 attendance feesBoulogne-Billancourt, April 9, 2020 – Renault’s Board of Directors, meeting today under the chairmanship… Continue reading Groupe Renault:COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS 9th April 2020
Toyota halts Japan production as carmakers slam on the brakes
TOKYO — Toyota Motor suspended production at five plants across Japan on Friday, joining the ranks of automakers throughout the world that have been forced to do the same as the coronavirus pandemic stifles sales. However, Japan’s largest automaker said it hopes its strong cash position can help it endure the pain. “I have said multiple times… Continue reading Toyota halts Japan production as carmakers slam on the brakes
@Mitsubishi: Mitsubishi Motor Sales of Canada reports 23,836 vehicles delivered in fiscal year 2019
Apr 01, 2020 ID: 16030 Immediate Release Fiscal Year 2019 Sales Highlights (April to March) RVR – 6,976 Outlander – 5,901 Eclipse Cross – 4,948 – 10% increase Outlander PHEV – 4,149 Mississauga, ON – April 1, 2020 – Mitsubishi Motor Sales of Canada reports 23,836 vehicles delivered in fiscal year 2019 representing a three… Continue reading @Mitsubishi: Mitsubishi Motor Sales of Canada reports 23,836 vehicles delivered in fiscal year 2019