TOKYO — Mitsubishi Motors upgraded its full-year earnings guidance Tuesday thanks to a recovery in the Southeast Asian market and shrinking overhead costs, putting the company on course to potentially return to the black in fiscal 2021. The Japanese automaker now projects a 330 billion yen ($3.14 billion) net loss for the year ending March. The figure represents an upgrade of… Continue reading Mitsubishi Motors slows pandemic slide as Southeast Asia recovers
Tag: Mitsubishi
@Daimler: Personnel changes in the Mercedes-Benz Trucks production network: Sven Gräble takes over from Gerald Jank
Sven Gräble will take over as Head of Mercedes-Benz Trucks Operations at Daimler Truck AG and will thus be responsible for the global production network of Mercedes-Benz Trucks. In this role, he succeeds Gerald Jank, who will retire on January 31, 2021, after more than 32 years with the company. In the global production network… Continue reading @Daimler: Personnel changes in the Mercedes-Benz Trucks production network: Sven Gräble takes over from Gerald Jank
@Mitsubishi: MITSUBISHI MOTORS Unveils Testing Footage of the All-New OUTLANDER
The all-new OUTLANDER was put through its paces, as the system’s final calibrations were developed in severe weather and road conditions. Redesigned and reimagined in every way, the vehicle will be bigger and bolder than the previous generations. With a knowledge base proven over years of competitions in the deserts of Dakar and on the… Continue reading @Mitsubishi: MITSUBISHI MOTORS Unveils Testing Footage of the All-New OUTLANDER
MITSUBISHI MOTORS Unveils Testing Footage of the All-New OUTLANDER
The all-new OUTLANDER was put through its paces, as the system’s final calibrations were developed in severe weather and road conditions. Redesigned and reimagined in every way, the vehicle will be bigger and bolder than the previous generations. With a knowledge base proven over years of competitions in the deserts of Dakar and on the… Continue reading MITSUBISHI MOTORS Unveils Testing Footage of the All-New OUTLANDER
Taiwan asks TSMC and other chipmakers to help ease global crunch
TAIPEI — Taiwan’s Economic Ministry is asking domestic chip manufacturers such as Taiwan Semiconductor Manufacturing Co. to help “like-minded” economies alleviate the global shortage of automotive-related chips. The ministry said it has received requests since the end of last year from several nations via diplomatic channels. The countries are asking Taiwan to help look into… Continue reading Taiwan asks TSMC and other chipmakers to help ease global crunch
Toyota accepts staff from halted aircraft factories of Mitsubishi Heavy
TOKYO — Toyota Motor’s subsidiary Toyota Auto Body is taking several hundred employees from aircraft component makers including Mitsubishi Heavy Industries and Kawasaki Heavy Industries, as auto demand recovers while aviation continues to struggle. Employees from companies such as Mitsubishi Heavy and Kawasaki are being transferred to Toyota’s Yoshiwara Plant in Aichi Prefecture, which makes… Continue reading Toyota accepts staff from halted aircraft factories of Mitsubishi Heavy
Nissan to end Philippine auto assembly operations
MANILA — Nissan Motor will end its assembly operations in the Philippines in March as part of efforts to restructure its regional operations, the Japanese automaker said on Thursday. Nissan’s move comes as automakers in the country struggle to keep business humming amid the pandemic. Car sales in the Philippines fell 40% last year to… Continue reading Nissan to end Philippine auto assembly operations
New Renault 5 to be built in same French factory as original
The new Renault 5 EV is set to be produced at the firm’s Douai factory in northern France, where the original version of the supermini was built. Renault will revive the 5 name for an all-new electric hatchback that’s set to go into production in 2023 as a key part of a bold revival plan designed… Continue reading New Renault 5 to be built in same French factory as original
Stellantis CEO says merger of Fiat Chrysler, Peugeot prevents job cuts
Don’t expect to see a Peugeot dealership popping up down the block anytime soon. That doesn’t mean the head of Stellantis, the new company formed from the merger this weekend of Fiat Chrysler Automobiles and PSA Group, won’t consider the possibility down the road. But for right now, the closest most Americans might get to seeing… Continue reading Stellantis CEO says merger of Fiat Chrysler, Peugeot prevents job cuts
Grab, the $16 billion ride-hailing and delivery giant, is considering an IPO in the US this year, in what could be the largest overseas share offering by a Southeast-Asian company
Ride-hailing and food delivery giant Grab may launch an IPO in the US this year, sources told Reuters. The IPO could raise at least $2 billion, one of the sources said, which would likely be the largest overseas share offering by a Southeast-Asian company. Grab is worth more than $16 billion and operates in eight… Continue reading Grab, the $16 billion ride-hailing and delivery giant, is considering an IPO in the US this year, in what could be the largest overseas share offering by a Southeast-Asian company