KYOTO, Japan, Feb. 05, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire: 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 to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
Tag: Mitsubishi
@niche: Israeli EV startup REE to go public through $3.6 billion blank-check deal000518
By Reuters Staff 2 Min Read (Reuters) – Electric vehicle technology startup REE Automotive has agreed to go public through a merger with a blank-check company, in a deal that values the Israeli firm at around $3.6 billion, the companies said on Wednesday. FILE PHOTO: A prototype of a platform by Israel’s REE Automotive, developers… Continue reading @niche: Israeli EV startup REE to go public through $3.6 billion blank-check deal000518
Japan’s Nidec to buy Mitsubishi machine tool unit for EV motor push
Japan’s Nidec Corp said it will acquire a unit of Mitsubishi Heavy Industries that makes machine and cutting tools as it bolsters a push in motors for electric vehicles (EV). Nidec will buy the business from Japan’s biggest machinery maker for around 30 billion yen ($284 million) in a deal that will help it improve… Continue reading Japan’s Nidec to buy Mitsubishi machine tool unit for EV motor push
Fourth quarter and full year 2020 results
Amsterdam, the Netherlands, 4 February 2021 7:00 AM CEST TomTom on track for 10% growth in Location Technology in 2021 TOMTOM’S CHIEF EXECUTIVE OFFICER, HAROLD GODDIJN“The past year has been a turbulent one. COVID-19 continues to impact people’s lives and disrupt the global economy. While we have also been affected, our Enterprise business showed resilience… Continue reading Fourth quarter and full year 2020 results
@Daimler: Daimler plans separation
Intention to split Daimler’s industrial businesses and establish two independent pure-play companies Spin-off and separate listing of Daimler Truck planned Significant majority stake to be distributed to current Daimler shareholders Intention to rename Daimler as Mercedes-Benz at the appropriate time Mercedes-Benz will be the world’s pre-eminent luxury car business, committed to leading in electric drive… Continue reading @Daimler: Daimler plans separation
Mitsubishi Motors slows pandemic slide as Southeast Asia recovers
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
@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