Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan are to jointly acquire a 30 percent ownership stake in HERE Technologies. The companies are co-investing in Here via their newly established, jointly owned holding company ‘COCO Tech Holding’ B.V. in the Netherlands. The transaction is expected to close in the first half of… Continue reading Mitsubishi Corp and NTT to acquire 30% stake in HERE Technologies
Tag: Mitsubishi
Mazda shifts Thai SUV production to Japan as baht soars
TOKYO — Mazda Motor will review its production footprint in Thailand, Southeast Asia’s top automotive hub, and move the assembly of some models to Japan, as the automaker combats the continued appreciation of the baht against key currencies. Mazda will relocate the production of CX-3 sport utility vehicles meant for the Australia market to a factory in the western… Continue reading Mazda shifts Thai SUV production to Japan as baht soars
Renault’s Senard: Nissan capital change is ‘last thing on my mind’
PARIS — French automaker Renault agrees with Nissan Motor to preserve the capital structure between the two companies for the time being, said Renault Chairman Jean-Dominique Senard, who stressed that capital changes are “the last thing on my mind.” In an interview with the Nikkei Asian Review, Senard said he wants to converge Renault’s technologies… Continue reading Renault’s Senard: Nissan capital change is ‘last thing on my mind’
HERE Technologies welcomes Mitsubishi Corporation and NTT as new investors
• Companies to co-invest, taking 30% ownership stake in HERE• Broadened shareholder structure will support HERE’s ambitions to accelerate growth in new industries and markets• HERE to explore further strategic opportunities with MC and NTTDecember 20, 2019Amsterdam – HERE Technologies today announced that Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan… Continue reading HERE Technologies welcomes Mitsubishi Corporation and NTT as new investors
Mitsubishi and NTT to buy 30% of mapping company Here
Mitsubishi and NTT to buy 30% of self-driving mapping company Here Read M&A insights you won’t find elsewhere Exclusive scoops Smart data to help spot risk and opportunity Analysis of broader trends in M&A Lex, our agenda-setting business commentary (Premium only) Due Diligence, an exclusive M&A newsletter (Premium only) Choose your subscription Trial Not sure… Continue reading Mitsubishi and NTT to buy 30% of mapping company Here
@Renault: Jubilee LADA Vesta: 400 000 cars produced
The 400-thousandth car of the LADA Vesta family rolled off the production line of LADA Izhevsk in December. The sedan of the bright blue color “Diving” in the Exclusive trim level with automatic manual transmission and 1.6 l engine (113 HP) became the jubilee one. The SOP of the LADA Vesta model has been launched… Continue reading @Renault: Jubilee LADA Vesta: 400 000 cars produced
Volkswagen attracts bids for MAN Energy Solutions unit: Sources
MAN Energy Solutions was originally a part of VW’s trucks brand MAN, but some of MAN’s assets were transferred to Volkswagen last year as part of efforts to streamline Traton ahead of the unit’s listing. FRANKFURT: Volkswagen has attracted bids from Europe’s Innio, Japan’s Mitsubishi Heavy and U.S.-based Cummins for its MAN Energy Solutions, which… Continue reading Volkswagen attracts bids for MAN Energy Solutions unit: Sources
Volkswagen attracts bids for MAN Energy Solutions unit -sources
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) has attracted bids from Europe’s Innio, Japan’s Mitsubishi Heavy (7011.T) and U.S.-based Cummins (CMI.N) for its MAN Energy Solutions, which makes diesel engines for ships and power generators, people close to the matter said. The logo of Volkswagen is pictured at the LA Auto Show in Los Angeles, California, U.S.,… Continue reading Volkswagen attracts bids for MAN Energy Solutions unit -sources
UPDATE 1-Renault offers CEO job to SEAT’s Luca De Meo, says La Vanguardia
FILE PHOTO: SEAT President and CEO Luca de Meo poses during an interview at the SEAT car factory in Martorell, near Barcelona, Spain October 31, 2018. Picture taken October 31, 2018. REUTERS/Albert Gea/File Photo MADRID (Reuters) – French carmaker Renault (RENA.PA) has offered the chairman of Volkswagen’s (VOWG.DE) SEAT brand, Luca de Meo, the job… Continue reading UPDATE 1-Renault offers CEO job to SEAT’s Luca De Meo, says La Vanguardia
Renault offers CEO job to SEAT’s Luca De Meo, says La Vanguardia
FILE PHOTO: SEAT President and CEO Luca de Meo poses during an interview at the SEAT car factory in Martorell, near Barcelona, Spain October 31, 2018. Picture taken October 31, 2018. REUTERS/Albert Gea/File Photo MADRID (Reuters) – French carmaker Renault (RENA.PA) has offered the chairman of Volkswagen’s (VOWG.DE) SEAT brand, Luca de Meo, the job… Continue reading Renault offers CEO job to SEAT’s Luca De Meo, says La Vanguardia