TOKYO (Reuters) – Nissan Motor Co (7201.T) is likely to pull out from a venture capital fund it runs with alliance partners Renault SA (RENA.PA) and Mitsubishi Motors, as part of the Japanese automaker’s drive to cut costs and conserve cash, two sources said. FILE PHOTO: The logos of car manufacturers Renault and Nissan are… Continue reading Exclusive: Nissan to pull out of venture fund with Renault in cost-cutting drive, sources say
Tag: Mitsubishi
Honda’s China sales drop 85% in February amid coronavirus crisis
GUANGZHOU — Japanese automaker Honda announced on Friday its car sales in China fell 85.1% in February, marking its largest ever single-month decline as the coronavirus epidemic hit business hard. Many of Honda’s sales outlets in China were forced to close in early February due to the rapid spread of the coronavirus. As consumers have refrained… Continue reading Honda’s China sales drop 85% in February amid coronavirus crisis
@Nissan: Nissan unveils new stamping line in Sunderland ahead of new Qashqai launch
2020/03/06 New Extra-Large Press unveiled in UK plant Part of £400m investment in facilities in preparation for new Qashqai New Juke production hits 35,000 as model celebrates 10th anniversary SUNDERLAND, UK – Nissan today unveiled a new £52m XL press line in its UK manufacturing plant, as preparations ramp up for the hotly-anticipated next generation… Continue reading @Nissan: Nissan unveils new stamping line in Sunderland ahead of new Qashqai launch
@Mitsubishi: Mississauga, Ontario – March 3, 2020 – Surpassing last year’s record February and following January’s best-of sales month, Mitsubishi Motor Sales of Canada, Inc. achieved its best-ever February sales results
Total sales increase 15% Eclipse Cross sales increase 83% – Best Ever February Outlander sales increase 18% Outlander PHEV sales increase 16% RVR sales increase 4% Mississauga, Ontario – March 3, 2020 – Surpassing last year’s record February and following January’s best-of sales month, Mitsubishi Motor Sales of Canada, Inc. achieved its best-ever February sales… Continue reading @Mitsubishi: Mississauga, Ontario – March 3, 2020 – Surpassing last year’s record February and following January’s best-of sales month, Mitsubishi Motor Sales of Canada, Inc. achieved its best-ever February sales results
@Mitsubishi: Mitsubishi Motors Reports February 2020 Sales; Best February Since 2004
Outlander Sport, with 6,213 sales, reported its best-ever February sales performance. Sales of Outlander, Mitsubishi’s adventurous three-row, seven-passenger CUV, were up more than 52 percent over February of 2019, also the best-ever February sales performance. February 2020 sales of the Mitsubishi Mirage, the most fuel-efficient non-hybrid vehicle sold in America1, were up 3.3 percent year-over-year… Continue reading @Mitsubishi: Mitsubishi Motors Reports February 2020 Sales; Best February Since 2004
Gojek-Grab merger makes sense but hurdles mar its path
JAKARTA — Cutthroat rivals that have helped to drive Southeast Asia’s rapid digitization by burning through cash and preventing each other from moving toward the startup world’s new goal, profitability, are now talking about a common solution. Indonesia-based Gojek and Singapore-based Grab, have “casually” discussed merger options, according to two people familiar with the matter.… Continue reading Gojek-Grab merger makes sense but hurdles mar its path
Carlos Ghosn Defends His Legacy – The New York Times
BEIRUT, Lebanon — Most global fugitives tend to lie low. They do not beckon reporters to televised news conferences or allow themselves to be photographed drinking wine by candlelight days after being smuggled in a box aboard a chartered jet to freedom. But Carlos Ghosn, the deposed auto executive, is no normal fugitive. Unapologetic and… Continue reading Carlos Ghosn Defends His Legacy – The New York Times
Avtovaz does not plan to change production plans due to coronavirus outbreak
MOSCOW, February 26. /TASS/. Avtovaz has no plans to revise its production plan because of the outbreak of pneumonia in China, caused by the new coronavirus. The crisis response center of the company keeps an eye on the situation, press service of the Russia's largest automaker told TASS on Wednesday.
“The plant does not have such plans at present. The center is assessing potential risks and working out scenarios for their resolution in cooperation with suppliers. We monitor developments and work in line with the schedule,” the press service said.
The company has a sufficient inventory of required components produced in China, Avtovaz said earlier.
Avtovaz is the largest carmaker in Russia, operating as part of the Renault-Nissan-Mitsubishi alliance. Company's sales grew by 1% to 362,356 vehicles in 2019.
Grab deal signals path ahead for MUFG under new chief
FILE PHOTO – People walk past a branch of Mitsubishi UFJ Financial Group’s bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo Premium The price tag for a partnership with ride-hailing startup Grab Holdings was $706 million, an unprecedented sum for a Japanese lender to invest in an overseas nonfinancial… Continue reading Grab deal signals path ahead for MUFG under new chief
Grab raises over US$850 million from Japanese investors
Grab has announced today an investment of over US$850 million from Japanese investors, including Mitsubishi UFJ Financial Group Inc. and TIS Inc., that will go toward creating accessible and affordable financial services for Southeast Asia in order to boost financial inclusion in the region. Grab, Southeast Asia’s leading super app, has announced today an investment… Continue reading Grab raises over US$850 million from Japanese investors