In December 2019, MMNA recorded sales of 9,915 units, up 10.3 percent over December 2018. “Sales figures are obviously one key metric for any brand, and by that measure, 2019 was a year of great success and growth at MMNA,” said Fred Diaz, President and CEO, MMNA. “But we have so much more to celebrate… Continue reading Mitsubishi Motors Reports Best Annual Sales Since 2007
Tag: Mitsubishi
@Daimler: 03. Jan 2020Unit sales by Daimler Trucks in 2019 slightly down on previous year, as expected
January 03, 2020 – Unit sales by Daimler Trucks in 2019 slightly down on previous year, as expected Slight decrease in unit sales of four percent (January through November 2019) compared with prior-year period Normalization of important markets for heavy trucks (NAFTA region, Europe and Japan) leads to decreases in orders Extensive measures initiated to… Continue reading @Daimler: 03. Jan 2020Unit sales by Daimler Trucks in 2019 slightly down on previous year, as expected
@Daimler: Unit sales by Daimler Trucks in 2019 slightly down on previous year, as expected
Slight decrease in unit sales of four percent (January through November 2019) compared with prior-year period Normalization of important markets for heavy trucks (NAFTA region, Europe and Japan) leads to decreases in orders Extensive measures initiated to adjust production and for structurally improved profitability Martin Daum, Chairman of the Board of Management of Daimler Truck… Continue reading @Daimler: Unit sales by Daimler Trucks in 2019 slightly down on previous year, as expected
Mitsubishi to phase out diesel vehicles
TOKYO — Mitsubishi Motors has decided to stop developing new diesel engines, Nikkei has learned. The Japanese automaker will eliminate diesel versions of its key car models by the end of 2021 and significantly reduce the size of its existing diesel vehicle business. Diesel engine vehicles are falling out of favor, especially in Europe, with… Continue reading Mitsubishi to phase out diesel vehicles
Nissan’s new No. 3 Seki jumps ship to Nidec
TOKYO — Nissan Motor‘s turnaround efforts suffered a heavy blow as Jun Seki, who assumed one of the automaker’s three new leadership posts just a month ago, will leave the company to join Japanese motor maker Nidec as early as February, Nikkei learned on Tuesday. Seki is seen as a potential candidate to become Nidec’s… Continue reading Nissan’s new No. 3 Seki jumps ship to Nidec
EMBARGOED-Electric vehicle startup Rivian scores $1.3 bln investment from T.Rowe Price, others
Dec 23 (Reuters) – Electric vehicle startup Rivian said on Monday it closed a $1.3 billion investment round, led by fund manager T. Rowe Price but also including existing investors online retailer Amazon.com Inc and No. 2 U.S. automaker Ford Motor Co. The investment round, which also included BlackRock Inc, is the fourth this year… Continue reading EMBARGOED-Electric vehicle startup Rivian scores $1.3 bln investment from T.Rowe Price, others
Mitsubishi Corp and NTT to acquire 30% stake in HERE Technologies
Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan are to jointly acquire a 30 percent ownership stake in HERE Technologies. The companies are co-investing in Here via their newly established, jointly owned holding company ‘COCO Tech Holding’ B.V. in the Netherlands. The transaction is expected to close in the first half of… Continue reading Mitsubishi Corp and NTT to acquire 30% stake in HERE Technologies
Mazda shifts Thai SUV production to Japan as baht soars
TOKYO — Mazda Motor will review its production footprint in Thailand, Southeast Asia’s top automotive hub, and move the assembly of some models to Japan, as the automaker combats the continued appreciation of the baht against key currencies. Mazda will relocate the production of CX-3 sport utility vehicles meant for the Australia market to a factory in the western… Continue reading Mazda shifts Thai SUV production to Japan as baht soars
Renault’s Senard: Nissan capital change is ‘last thing on my mind’
PARIS — French automaker Renault agrees with Nissan Motor to preserve the capital structure between the two companies for the time being, said Renault Chairman Jean-Dominique Senard, who stressed that capital changes are “the last thing on my mind.” In an interview with the Nikkei Asian Review, Senard said he wants to converge Renault’s technologies… Continue reading Renault’s Senard: Nissan capital change is ‘last thing on my mind’
HERE Technologies welcomes Mitsubishi Corporation and NTT as new investors
• Companies to co-invest, taking 30% ownership stake in HERE• Broadened shareholder structure will support HERE’s ambitions to accelerate growth in new industries and markets• HERE to explore further strategic opportunities with MC and NTTDecember 20, 2019Amsterdam – HERE Technologies today announced that Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan… Continue reading HERE Technologies welcomes Mitsubishi Corporation and NTT as new investors