Mitsubishi and NTT to buy 30% of mapping company Here

Mitsubishi and NTT to buy 30% of self-driving mapping company Here Read M&A insights you won’t find elsewhere Exclusive scoops Smart data to help spot risk and opportunity Analysis of broader trends in M&A Lex, our agenda-setting business commentary (Premium only) Due Diligence, an exclusive M&A newsletter (Premium only) Choose your subscription Trial Not sure… Continue reading Mitsubishi and NTT to buy 30% of mapping company Here

@Renault: Jubilee LADA Vesta: 400 000 cars produced

The 400-thousandth car of the LADA Vesta family rolled off the production line of LADA Izhevsk in December. The sedan of the bright blue color “Diving” in the Exclusive trim level with automatic manual transmission and 1.6 l engine (113 HP) became the jubilee one. The SOP of the LADA Vesta model has been launched… Continue reading @Renault: Jubilee LADA Vesta: 400 000 cars produced

Volkswagen attracts bids for MAN Energy Solutions unit: Sources

MAN Energy Solutions was originally a part of VW’s trucks brand MAN, but some of MAN’s assets were transferred to Volkswagen last year as part of efforts to streamline Traton ahead of the unit’s listing. FRANKFURT: Volkswagen has attracted bids from Europe’s Innio, Japan’s Mitsubishi Heavy and U.S.-based Cummins for its MAN Energy Solutions, which… Continue reading Volkswagen attracts bids for MAN Energy Solutions unit: Sources

Volkswagen attracts bids for MAN Energy Solutions unit -sources

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) has attracted bids from Europe’s Innio, Japan’s Mitsubishi Heavy (7011.T) and U.S.-based Cummins (CMI.N) for its MAN Energy Solutions, which makes diesel engines for ships and power generators, people close to the matter said. The logo of Volkswagen is pictured at the LA Auto Show in Los Angeles, California, U.S.,… Continue reading Volkswagen attracts bids for MAN Energy Solutions unit -sources

UPDATE 1-Renault offers CEO job to SEAT’s Luca De Meo, says La Vanguardia

FILE PHOTO: SEAT President and CEO Luca de Meo poses during an interview at the SEAT car factory in Martorell, near Barcelona, Spain October 31, 2018. Picture taken October 31, 2018. REUTERS/Albert Gea/File Photo MADRID (Reuters) – French carmaker Renault (RENA.PA) has offered the chairman of Volkswagen’s (VOWG.DE) SEAT brand, Luca de Meo, the job… Continue reading UPDATE 1-Renault offers CEO job to SEAT’s Luca De Meo, says La Vanguardia

Renault offers CEO job to SEAT’s Luca De Meo, says La Vanguardia

FILE PHOTO: SEAT President and CEO Luca de Meo poses during an interview at the SEAT car factory in Martorell, near Barcelona, Spain October 31, 2018. Picture taken October 31, 2018. REUTERS/Albert Gea/File Photo MADRID (Reuters) – French carmaker Renault (RENA.PA) has offered the chairman of Volkswagen’s (VOWG.DE) SEAT brand, Luca de Meo, the job… Continue reading Renault offers CEO job to SEAT’s Luca De Meo, says La Vanguardia

Bangkok Bank buys Indonesia’s Bank Permata for $2.7bn

BANGKOK — Bangkok Bank said on Thursday it will pay 37.4 trillion rupiah ($2.67 billion) for an 89.12% stake in Indonesia’s Bank Permata, marking the largest acquisition of a foreign financial institution by a Thai bank. Bangkok Bank, Thailand’s largest bank by assets, will buy a 44.56% stake held by London-based Standard Chartered Bank and another… Continue reading Bangkok Bank buys Indonesia’s Bank Permata for $2.7bn

Mitsubishi Creates Top-Spec Van Version Of Outlander PHEV

The newcomer is designed to offer the luxury of an SUV and the tax breaks of a plug-in hybrid van. Mitsubishi has added a new top-spec model to its Outlander PHEV plug-in hybrid commercial vehicle range. The low-emission 4×4 has become a firm favorite among private customers, and Mitsubishi has long offered commercial versions aimed… Continue reading Mitsubishi Creates Top-Spec Van Version Of Outlander PHEV

Renault-Nissan Alliance: Makoto Uchida wants to “restore” confidence

Posted on 12 Dec 2019 at 12:49 What Makoto Uchida wants for his teams within Nissan, he also wants it for the Alliance with Renault and Mitsubishi. For Nissan’s new CEO, who took office on December 1, 2019, “restoring” trust with both partners is a top priority. For this, a key word, “transparency”. “To respect… Continue reading Renault-Nissan Alliance: Makoto Uchida wants to “restore” confidence

Press Releases – Global auto manufacturers call for resolution of WTO impasse

Brussels, 10 December 2019 – The EU, US, Japanese and Korean automobile manufacturers have joined forces to express their concerns about the impending blockage of the decision-making process in the World Trade Organisation’s (WTO) appellate body structure. The global coalition of automobile manufacturers calls on all WTO member countries to swiftly resolve the current impasse… Continue reading Press Releases – Global auto manufacturers call for resolution of WTO impasse