Dealers see surge in part-exchange vehicles

It’s boom time for motorists right now, with the value of their cars continuing to rise alongside the number of used car sales increasing by 6.6% on pre-pandemic levels as revealed by the SMMT. Our data shows that between the first and second quarters of 2021, the average price of used cars shot up by… Continue reading Dealers see surge in part-exchange vehicles

Rocket Propulsion Market Revenue 2021: Top Five Crucial Trends Favoring Industry Demand 2027: Global Market Insights Inc.

Major rocket propulsion market players include SpaceX, Rocket Lab USA, Blue Origin, China Great Wall Industry Corporation, IHI Corporation, Space Exploration Technologies Corporation, Aerojet Rocketdyne, Mitsubishi Heavy Industries, Ltd., Antrix Corporation, NPO Energomash, NASA, Virgin Galactic, and Lockheed Martin. SELBYVILLE, Del., Aug. 9, 2021 /PRNewswire/ — The rocket propulsion market is anticipated to record a valuation… Continue reading Rocket Propulsion Market Revenue 2021: Top Five Crucial Trends Favoring Industry Demand 2027: Global Market Insights Inc.

Peugeot, Ford and Jaguar dealers hardest hit in July new car sales

The SMMT new car sales figures for July reveal the winners and losers in the current market, with the supply chain hit by the shortage of semiconductors. In an overall market down 29.5%, MG Motor turned in a strong performance with registrations up 31% in July. Hyundai also performed strongly with registrations up 9.8%. At… Continue reading Peugeot, Ford and Jaguar dealers hardest hit in July new car sales

Nidec Completes the Acquisitions of Stock, Etc. of Mitsubishi Heavy Industries Machine Tool Co., Ltd., and Announces an Outline of Its New Subsidiaries

KYOTO, Japan, Aug. 03, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it has completed yesterday, with certain exceptions, the acquisitions of: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine… Continue reading Nidec Completes the Acquisitions of Stock, Etc. of Mitsubishi Heavy Industries Machine Tool Co., Ltd., and Announces an Outline of Its New Subsidiaries

Electrify America to phase out CHAdeMO charging from 2022

The charging standards war ended in 2020, when Nissan announced that it would abandon the CHAdeMO DC fast charging standard in favor of the competing CCS standard. The only plug-in vehicle on sale in the US that still uses CHAdeMO is the low-volume Mitsubishi Outlander PHEV. Of course, there are still substantial numbers of older… Continue reading Electrify America to phase out CHAdeMO charging from 2022

Hino and Isuzu race for electric trucks as Chinese rivals encroach

TOKYO — Isuzu Motors and Hino Motors are making forays into no-emission light trucks next year as Japan trails other major automobile markets in embracing electrified fleets. The Japanese commercial vehicle producers are eyeing business with shipping and logistics companies while fighting the growing presence of Chinese rivals, which offer competitive prices. Hino intends to roll… Continue reading Hino and Isuzu race for electric trucks as Chinese rivals encroach

@Daimler: DICV Announces Appointment of Chief Operating Officer

Daimler India Commercial Vehicles appoints ex Wirtgen (John Deere) Chief Operating Officer Anshum Jain as COO Anshum will oversee Operations and Supplier Management & Logistics, be a key member of Executive Board Satyakam Arya, Managing Director, and CEO, Daimler India Commercial Vehicles: “Anshum is an ideal choice for the role of COO at DICV as… Continue reading @Daimler: DICV Announces Appointment of Chief Operating Officer

Mitsubishi Motors to Launch the All-New Outlander PHEV Model with a New-Generation PHEV System This Fiscal Year

With improved motor output and increased battery capacity over the current model, the all-new Outlander PHEV model delivers more powerful road performance and greater driving range. Based on the newly developed platform, integrated components and an optimized layout allow the new model to accommodate seven passengers in three rows, offering a new level of comfort… Continue reading Mitsubishi Motors to Launch the All-New Outlander PHEV Model with a New-Generation PHEV System This Fiscal Year

Bristol Street Motors acquires Renault Dacia in Leicester

Bristol Street Motors has acquired the Renault Dacia business in Leicester from Renault Retail Group UK Limited. The new dealership, the seventh Renault dealership in the Group, has been introduced at the Group’s former Citroen dealership based on Raw Dykes Road. It will showcase a range of new and used cars as well as offering… Continue reading Bristol Street Motors acquires Renault Dacia in Leicester

Carlos Ghosn: the rise and fall of a superstar CEO

The FT tells the story of the superstar chief executive who built the global carmaking alliance between Renault, Nissan and Mitsubishi. It is the tale of how a globetrotting industry titan with the world at his feet became an international fugitive July 26, 2021 Produced, directed and edited by Daniel Garrahan. Graphics by Russell Birkett.… Continue reading Carlos Ghosn: the rise and fall of a superstar CEO