Tag: Mitsubishi

Rumor: Nissan To Pull Back From Europe

We do not hear much about Nissan in the EV space in recent years, as the Japanese company really distanced itself from the electric cars after the initial push for the LEAF and e-NV200. There was a hope that with a new all-electric platform, Nissan will rebound with new models. However, after the Carlos Ghosn… Continue reading Rumor: Nissan To Pull Back From Europe

@Daimler: Sales Milestone for Daimler Trucks in India: 100,000 BharatBenz Trucks on the Road

Daimler India Commercial Vehicles (DICV), Daimler’s commercial vehicle subsidiary in India, achieved a major milestone during the first quarter of 2020. Within eight years of the start of production in 2012, the company has sold more than 100,000 medium and heavy-duty BharatBenz trucks in India. This marks an unprecedented ramp-up in the world’s toughest commercial… Continue reading @Daimler: Sales Milestone for Daimler Trucks in India: 100,000 BharatBenz Trucks on the Road

Nissan plans to rely more on partnerships for EV production

At the end of the month, Nissan will present its new “operational performance plan.” Early media reports show that Nissan will expand cooperation with Mitsubishi for plug-in hybrids in Asia and Renault for EVs in Europe. Plans for the Ariya, a new all-electric crossover, remain murky. Nissan ceded its early leadership role in electric cars… Continue reading Nissan plans to rely more on partnerships for EV production

Nissan to retrench further in new plan to focus on US, Japan, China

May 4 (Reuters) – Nissan Motor Co Ltd will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters.
The “operational performance plan” is due to be announced on May 28 and goes beyond fixing problems from ousted leader Carlos Ghosn's aggressive expansion drive, the people said.
Pursuit of market share, particularly in the United States, led to steep discounting and a cheapened brand. Under the new, three-year plan – reported here for the first time – Nissan aims to restore dealer ties and refresh lineups to regain pricing power and profitability, the people told Reuters.
“This is not just a cost-cutting plan. We're rationalising operations, reprioritising and refocusing our business to plant seeds for the future,” one of the people said.
The plan also aims to cut competition and expand cooperation with alliance par..

Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China

(Reuters) – Nissan Motor Co Ltd (7201.T) will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters. FILE PHOTO: People walk past a dealer shop of Nissan… Continue reading Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China

Otonomo Raises $46M in Series C Funding to Expand Its Automotive Data Services Platform

HERZLIYA, ISRAEL, April 30, 2020 (GLOBE NEWSWIRE) — Otonomo, the leading automotive data services platform, today announced $46 million in series C funding. The round includes investments from SK Holdings, Avis Budget Group, and Alliance Ventures as well as participation from existing investors such as Bessemer Venture Partners. This round brings the company’s total funding… Continue reading Otonomo Raises $46M in Series C Funding to Expand Its Automotive Data Services Platform

Mitsubishi Motors seeks $2.8bn in loans

TOKYO — Mitsubishi Motors has requested 300 billion yen ($2.8 billion) in financing from domestic and foreign lenders as the coronavirus pandemic clouds the outlook for the auto industry, Nikkei learned Tuesday. This total includes 200 billion yen from Japanese private- and public-sector financial institutions. The automaker is in talks for a syndicated loan from… Continue reading Mitsubishi Motors seeks $2.8bn in loans

Nissan completes fiscal year for the first time in eleven years

Posted on Apr. 28, 2020, 4:30 p.m. Legally forced to inform the Tokyo Stock Exchange of the sudden deterioration in its performance, Nissan’s communications department improvised an unnecessarily convoluted statement on Tuesday to avoid letting go of the taboo word “losses”. However, the Japanese group and major partner of Renault is well on the point… Continue reading Nissan completes fiscal year for the first time in eleven years

@Mitsubishi: Mitsubishi Motors Starts Production of Face Shields to Help Prevent the Spread of COVID-19 Infections

TOKYO, Apr 27, 2020 – (JCN Newswire) – To help prevent the spread of COVID-19 infections, Mitsubishi Motors Corporation (MMC) produces face shields to provide to medical institutions. Donating face shields to the city of Okazaki Production of approximately 1,500 face shields per month has started at the Okazaki Plant in Aichi Prefecture and other… Continue reading @Mitsubishi: Mitsubishi Motors Starts Production of Face Shields to Help Prevent the Spread of COVID-19 Infections