TOKYO — It has only been a few months since the carmakers that form the Renault-Nissan-Mitsubishi alliance announced some of the most dire annual results in their history — but anyone who thought that marked the end of their trials has been roundly disabused of the notion. Renault announced Thursday that it posted a record… Continue reading Twin storms batter struggling Nissan-Renault-Mitsubishi alliance
Tag: Mitsubishi
@Mitsubishi: MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020
TOKYO, July 30, 2020 – (JCN Newswire) – June 2020 Summary Domestic Production– Second consecutive monthly year-on-year decrease since April 2020; 45.4% year-on-year Overseas Production– Eighth consecutive monthly year-on-year decrease since October 2019; 45.4% year-on-year Total Production– Ninth consecutive monthly year-on-year decrease since September 2019; 45.4% year-on-year Domestic Sales– Eighth consecutive monthly year-on-year decrease since… Continue reading @Mitsubishi: MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020
Renault slumps to record 7.3 billion euro net loss in first half
FILE PHOTO: A Renault car is seen in a show room at a Renault carmaker dealer, amid the coronavirus disease (COVID-19) outbreak in Sint-Pieters-Leeuw, Belgium May 29, 2020. REUTERS/Yves Herman PARIS (Reuters) – French carmaker Renault (RENA.PA) posted a record net loss of 7.292 billion euros in the first half of this year, dragged down… Continue reading Renault slumps to record 7.3 billion euro net loss in first half
@niche: NISSAN’S SLOW ROLL TO OBLIVION.
By Peter M. DeLorenzo Detroit. Look at the photo below carefully. Study it. Let it sink in. It’s the Nissan Motor Co., Ltd. corporate brain trust in Yokohama on Tuesday declaring an annual operating loss for the second straight year. It’s also a picture of abject mediocrity in its purest form. How bad is it for… Continue reading @niche: NISSAN’S SLOW ROLL TO OBLIVION.
Cybellum Closes $12M in Series A Funding to Redefine Automotive Cybersecurity Risk Assessment
TEL AVIV, Israel, July 28, 2020 /PRNewswire/ — Cybellum, a leader in Automotive Cybersecurity Risk Assessment, today announced a $12 million round A funding, bringing total investment in the company to $15 million. The financing round was led by RSBG Ventures GmbH with additional investment from Cybellum existing investors, Blumberg Capital and Target Global. The funding… Continue reading Cybellum Closes $12M in Series A Funding to Redefine Automotive Cybersecurity Risk Assessment
Nissan warns of record loss as pandemic hits turnaround
TOKYO (Reuters) – Nissan Motor Co (7201.T) warned of a record $4.5 billion operating loss this year and its lowest sales in a decade as the COVID-19 pandemic hampers its turnaround efforts. FILE PHOTO: The brand logo of Nissan Motor Corp. is seen at the front nose section of the company’s new Ariya all-battery SUV… Continue reading Nissan warns of record loss as pandemic hits turnaround
Nissan forecasts record $4.5 billion annual loss as pandemic hinders turnaround efforts
FILE PHOTO: The brand logo of Nissan Motor Corp. is seen at the front nose section of the company’s new Ariya all-battery SUV during a press preview, ahead of the world premiere, at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Nissan Motor Co (7201.T) said… Continue reading Nissan forecasts record $4.5 billion annual loss as pandemic hinders turnaround efforts
@Mitsubishi: MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars
TOKYO, July 28, 2020 – (JCN Newswire) – MITSUBISHI MOTORS CORPORATION (MMC) today announced that it will invest for production of new electric Kei-cars at Mizushima Plant in Kurashiki city, Okayama Prefecture starting from August 2020. This investment will be approximately JPY 8 billion. MMC is considering of developing the new electric Kei-car jointly with… Continue reading @Mitsubishi: MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars
@Mitsubishi: MITSUBISHI MOTORS Announces Its Mid-Term Business Plan, Small but Beautiful, to Achieve Cost Rationalization and Profitability Enhancement for Sustain…
TOKYO, July 28, 2020 – (JCN Newswire) – MITSUBISHI MOTORS CORPORATION (MMC) today announced its three-year mid-term business plan (from fiscal 2020 to 2022), Small but Beautiful, to concentrate its management resources on its core regions and technologies. This plan focuses on cost rationalization and profitability enhancement to realize solid management foundation aiming at sustainable… Continue reading @Mitsubishi: MITSUBISHI MOTORS Announces Its Mid-Term Business Plan, Small but Beautiful, to Achieve Cost Rationalization and Profitability Enhancement for Sustain…
Mitsubishi Motors hits all-time low as ASEAN sales slump casts doubt on recovery
TOKYO (Reuters) – Japan’s Mitsubishi Motors (7211.T) faced doubts about a quick recovery after posting dismal quarterly sales in its key Southeast Asia market partly due to the coronavirus outbreak, sending its shares down 13% to a record low on Tuesday. FILE PHOTO: A Mitsubishi Motors signage is pictured next to a Mitsubishi Motors electric… Continue reading Mitsubishi Motors hits all-time low as ASEAN sales slump casts doubt on recovery