TOKYO — Mitsubishi Motors announced Friday that Osamu Masuko has stepped down as chairman and member of the board due to health concerns. Masuko joined Mitsubishi Motors in 2004from Mitsubishi Corp., its major shareholder and one of its supporter companies when the company was on the brink of a financial crisis as it struggled to deal… Continue reading Mitsubishi Motors Chairman Masuko steps down
Tag: Mitsubishi
@Mitsubishi: Leveraging EV/PHEV as Resources for Virtual Power Plants Commencement of Trial Operation of V2G Business Demonstration Facilities
TOKYO, Aug 7, 2020 – (JCN Newswire) – Thirty companies including Tokyo Electric Power Company Holdings, Inc. have used the grant to cover the costs of its “FY2020 Demonstration Project for the Construction of a Virtual Power Plant that Utilizes Demand-Side Energy Resources (VPP Aggregation Project),” for which a public offering was made by the… Continue reading @Mitsubishi: Leveraging EV/PHEV as Resources for Virtual Power Plants Commencement of Trial Operation of V2G Business Demonstration Facilities
Mitsubishi eyes car production in Myanmar
TOKYO — Mitsubishi Motors is considering building vehicles in Myanmar, as the Japanese automaker deepens its commitment to Southeast Asia, CEO Takao Kato told Nikkei, charting a way forward in a market battered by the coronavirus pandemic. Kato said his company hopes to “collaborate” with Mitsubishi Corp., the trading house that owns a 20% stake in… Continue reading Mitsubishi eyes car production in Myanmar
Stoneacre Motor Group acquires Hodgson Newcastle Ltd car dealership group
Stoneacre Motor Group has continued to drive past its former £1 billion turnover growth target with the acquisition of the Hodgson Newcastle Ltd car dealership group. The AM100 retail group told AM that the acquisition had been postponed following the outbreak of COVID-19 coronavirus but was completed last week under the deal’s initial terms. “A… Continue reading Stoneacre Motor Group acquires Hodgson Newcastle Ltd car dealership group
@Daimler: New warehouse complex with state-of-the-art technology and 80,000 m² of storage space
For 30 years, the Global Logistics Center Germersheim has supplied partners in over 150 countries with parts and accessories for commercial vehicles and passenger cars from Mercedes Benz, smart and FUSO. The newly commissioned warehousing complex, with its state-of-the-art storage and materials-handling technology and an 80,000 m² warehouse area, marks another milestone in the site’s… Continue reading @Daimler: New warehouse complex with state-of-the-art technology and 80,000 m² of storage space
@Renault: MORE THAN 300,000 RENAULT ELECTRIC VEHICLES SOLD…000002
Groupe Renault has manufactured cars since 1898. Today it is an international multi-brand group, selling close to 3.8 million vehicles in 134 countries in 2019, with 40 manufacturing sites, 12,700 points of sales and employing more than 180,000 people. To address the major technological challenges of the future, while continuing to pursue its profitable growth… Continue reading @Renault: MORE THAN 300,000 RENAULT ELECTRIC VEHICLES SOLD…000002
Mitsubishi Heavy set to oversee Japan’s homegrown fighter project
TOKYO — Japan’s Defense Ministry confirmed Friday it will award a contract to a single Japanese company to oversee its next-generation fighter jet project, part of an effort to preserve a domestic defense industry that has atrophied amid decades of U.S.-led development. The winning company — most likely Mitsubishi Heavy Industries — would subcontract with… Continue reading Mitsubishi Heavy set to oversee Japan’s homegrown fighter project
Mahindra & Mahindra sees robust demand for the tractor industry this year
The coronavirus pandemic has ensured that year 2020 will be remembered by all. For Hemant Sikka, who took on the role of president – farm equipment sector, Mahindra & Mahindra (M&M) on April 1, there are a couple of more reasons. The seasoned professional took on the new role, with a problem that he isn’t… Continue reading Mahindra & Mahindra sees robust demand for the tractor industry this year
Japan group to bring quantum computers to the workplace
TOKYO — Leading Japanese universities and corporations have joined hands with IBM to develop practical quantum computing applications in finance, materials development and the broader business scene. “I believe that Japan will play an important role in implementing quantum computing technology to society ahead of rest of the world, and that industry-academia-government collaboration is necessary… Continue reading Japan group to bring quantum computers to the workplace
Mazda slams brakes on 1.8m auto sales goal after less than a year
TOKYO — Mazda Motor will retract its goal of selling about 1.8 million vehicles worldwide by fiscal 2024 as the Japanese automaker struggles with the impact of the coronavirus pandemic, Nikkei has learned. Mazda’s vehicle sales plummeted by a quarter in the first half of this year, further dimming prospects for reaching the target. The company is expected to announce the… Continue reading Mazda slams brakes on 1.8m auto sales goal after less than a year