Tag: Mitsubishi

Lack of R&D funding leaves Japan Inc. in digital age dust

TOKYO — Corporate Japan, once renowned for technological innovation, is not only lagging behind the U.S. in research and development spending but is becoming less eager to take risk and invest in untested fields. Amazon.com, Facebook, Apple, Microsoft and Google parent Alphabet alone are set to outspend all Japanese companies combined. Analyst projections compiled by QUICK-FactSet… Continue reading Lack of R&D funding leaves Japan Inc. in digital age dust

Mitsubishi Motors posts surprise Q3 operating loss as car sales slide

Mitsubishi Motors Corp on Friday posted a surprise operating loss in the third quarter, its worst quarterly performance in more than three years, hurt by falling sales in China, Japan and South-east Asia, as well as a stronger yen.The carmaker posted an operating loss of 6.6 billion yen (US$60.2 million) for the October-December quarter, missing an average forecast for a profit of 11.6 billion yen.Mitsubishi stuck to an earlier forecast for a 73 per cent drop in full-year operating profit to 30 billion yen in the year to March.

@Mitsubishi: Mitsubishi Motors: Concerning the On-Site Investigation of Diesel-Engine Vehicles in Germany

TOKYO, Jan 31, 2020 – (JCN Newswire) – On January 21, the Frankfurt Public Prosecutor authorities visited our European R&D facility(1) based in Germany and German distributor(2) for an investigation. According to the Prosecutor’s announcement, the subject of the on-site investigations are passenger cars with 2.2 litre diesel engine with the emission standard Euro 5b,… Continue reading @Mitsubishi: Mitsubishi Motors: Concerning the On-Site Investigation of Diesel-Engine Vehicles in Germany

@Mitsubishi: Renault-Nissan-Mitsubishi Further Strengthens the Use of Resources and Investments

TOKYO, Jan 31, 2020 – (JCN Newswire) – Renault-Nissan-Mitsubishi has outlined a new framework to further reinforce its business model and strengthen its management structure. All three companies reiterated that the Alliance is essential for strategic growth and enhance competitiveness for each company. The new framework, ratified at a meeting of the Alliance Operating Board… Continue reading @Mitsubishi: Renault-Nissan-Mitsubishi Further Strengthens the Use of Resources and Investments

Renault-Nissan-Mitsubishi confirm Alliance “essential for strategic growth”, outline new business model framework

The Renault-Nissan-Mitsubishi Alliance, in an official statement today, has outlined a new framework which is aimed at further reinforce its business model and strengthen its management structure. All three companies have reiterated that “the Alliance is essential for strategic growth and enhance competitiveness for each company.” The new framework, ratified at a meeting of the… Continue reading Renault-Nissan-Mitsubishi confirm Alliance “essential for strategic growth”, outline new business model framework

GROUPE RENAULT: RENAULT-NISSAN-MITSUBISHI FURTHER STRENGTHENS THE USE OF RESOURCES AND INVESTMENTS

PRESS STATEMENT – Boulogne-Billancourt, Yokohama, Tokyo, January 30th, 2020                                                         RENAULT-NISSAN-MITSUBISHIFURTHER STRENGTHENS THE USE OF RESOURCES AND INVESTMENTSRenault-Nissan-Mitsubishi today outlined a new framework to further reinforce its business model and strengthen its management structure. All three companies reiterated that the Alliance is essential for strategic growth and enhance competitiveness for each company.The new framework, ratified at… Continue reading GROUPE RENAULT: RENAULT-NISSAN-MITSUBISHI FURTHER STRENGTHENS THE USE OF RESOURCES AND INVESTMENTS

Renault chairman says alliance with Nissan strong, shares sense of urgency

FILE PHOTO: Renault Chairman Jean-Dominique Senard attends a Renault, Nissan and Mitsubishi chiefs’ joint news conference in Yokohama, Japan, March 12, 2019. REUTERS/Kim Kyung-Hoon/File Photo YOKOHAMA (Reuters) – The alliance between France’s Renault SA (RENA.PA) and Japan’s Nissan Motor Co (7201.T) remains strong, but its members share a sense of urgency, the alliance’s chairman said… Continue reading Renault chairman says alliance with Nissan strong, shares sense of urgency

Mitsubishi denies fraud in German probe over devices to beat emissions tests

FILE PHOTO: A man walks near Mitsubishi cars as he visits Tokyo Motor Show in Tokyo, Japan October 24, 2019. REUTERS/Soe Zeya Tun TOKYO (Reuters) – Mitsubishi Motors Corp (7211.T) said on Thursday there was no reason to believe it had committed fraud as suspected in a German investigation into the Japanese automaker over illegal… Continue reading Mitsubishi denies fraud in German probe over devices to beat emissions tests

@Renault: COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS 28th Jan 2020

    Boulogne-Billancourt, January 28th, 2020 – Following the selection process led by the Governance and Compensation Committee, the Board of Directors, meeting today under the chairmanship of Mr. Jean-Dominique Senard, made the decision to appoint Mr. Luca de Meo as Chief Executive Officer of Renault S.A., and Chairman of Renault s.a.s., effective July 1,… Continue reading @Renault: COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS 28th Jan 2020