FILE PHOTO: Arnaud Deboeuf leaves after the Renault-Nissan-Mitsubishi alliance meeting, in Amsterdam, the Netherlands, November 29, 2018. REUTERS/Piroschka van de Wouw/File Photo PARIS (Reuters) – Arnaud Deboeuf has left his role as a senior executive in the troubled Renault-Nissan alliance (RENA.PA) 7201.TO and been appointed industrial strategy director at French rival PSA (PEUP.PA), a PSA… Continue reading Former Renault-Nissan executive Deboeuf named PSA’s industrial strategy director
Tag: Mitsubishi
You can save big money on a new Ford Taurus, Jeep Wrangler, Chrysler Pacifica
CLOSE Looking for a great deal on a new car? Buying site iSeecars.com has some tips on what models to look for to save up to 52% off MSRP. You’d be surprised at how many new cars from previous model years are still on dealers’ lots as the 2020 models start rolling into dealerships …… Continue reading You can save big money on a new Ford Taurus, Jeep Wrangler, Chrysler Pacifica
Mitsubishi Motors to Partner with Local Governments Throughout Japan to Quickly Provide Electric Vehicles when Disasters Occur
TOKYO, Aug 30, 2019 – (JCN Newswire) – To cope with disasters, Mitsubishi Motors Corporation (MMC) will implement DENDO Community Support Program, which aims to create system to quickly provide MMC electric vehicles to local governments in affected areas. MMC aims to enter into disaster cooperation agreements with local governments throughout Japan by fiscal 2022.… Continue reading Mitsubishi Motors to Partner with Local Governments Throughout Japan to Quickly Provide Electric Vehicles when Disasters Occur
In Toyota and Suzuki alliance, two families find common ground
TOKYO — The formation of the capital partnership between Toyota Motor and Suzuki Motor, which spans an empire that produces 16 million vehicles globally, stemmed from a conversation that occurred only three months ago. “I asked [Toyota] President Akio Toyoda for a capital alliance in May,” Suzuki Chairman Osamu Suzuki told Nikkei Wednesday. Toyota will… Continue reading In Toyota and Suzuki alliance, two families find common ground
Successor Of The Mercedes-Benz Citan To Get Electric Version
eCitan to be the fourth all-electric model from Mercedes-Benz Vans. Mercedes-Benz has announced that the next-generation Citan small van will be developed again in cooperation with Renault-Nissan-Mitsubishi Alliance and there will be an all-electric version. The first generation, conventional Citan was introduced in 2012 as a fruit of partnership with Renault-Nissan Alliance. “Mercedes-Benz Vans has… Continue reading Successor Of The Mercedes-Benz Citan To Get Electric Version
Fiat Chrysler open to fresh merger talks with Renault: report – Tech Xplore
Fiat Chrysler chief Mike Manley said the underlying logic of a tie-up with France’s Renault remained sound The chief of Fiat Chrysler remains open to the possibility of resuming merger talks with France’s Renault, months after talks between the two automakers aimed at forging an industry powerhouse broke down, according to an interview published Monday.… Continue reading Fiat Chrysler open to fresh merger talks with Renault: report – Tech Xplore
Car industry continues worldwide downward trend in Q2: Ernst & Young study
BERLIN, Aug. 28 (Xinhua) — The downward trend in the global auto industry in the second quarter (Q2) of this year continued, according to an analysis of the key financial figures of the world's 16 largest auto groups presented by auditing and consulting firm Ernst & Young (EY) in Frankfurt on Wednesday.
“The global automotive industry is experiencing a sales and profit crisis that is still primarily cyclical,” said Constantin Gall, head of Automotive and Transportation at EY.
According to the study, total profits of the world's 16 largest automotive groups had fallen 18 percent in Q2 of 2019.
The number of vehicles sold declined in all major markets and led to five percent global decline in sales, with only Mitsubishi, Honda, Toyota and BMW selling more new cars than a year ago.
French and U.S. car manufacturers recorded the sharpest declines in vehicles sold, of ten percent and nine percent respectively.
Among the largest automobile groups, Toyota was “slightly ahead” of Vo..
Toyota pulls Suzuki firmly into its orbit through stake deal
TOKYO (Reuters) – Toyota Motor Corp (7203.T) and Suzuki Motor Corp (7269.T) will take small equity stakes in each other, the Japanese car makers said on Wednesday, as they seek to develop newer technologies and meet sweeping changes upending the global auto industry. FILE PHOTO: The logo of Toyota is pictured at the Bangkok Auto… Continue reading Toyota pulls Suzuki firmly into its orbit through stake deal
Auto, the obliged way to alliances. Investments push mergers
Servicethe intersections of the automotive sector Essential alliances between large groups that aim to reach the target of 15 million sales. The crux of the modular platforms: the Vw model and the Fiat Chrysler delay by Alberto Annicchiarico and Mario Cianflone 26 August 2019 5 ‘of reading Quota 15 million cars sold. This seems to… Continue reading Auto, the obliged way to alliances. Investments push mergers
Marchionne: one year from the death, as will be the future of Fca
AUTOMOTIVE by Simonluca Pini 25 July 2019 The ten lessons of Sergio Marchionne 2 ‘of reading A year has already passed since the death of Sergio Marchionne. On 25 July, the disappearance of the CEO of FCA, expired in a Swiss clinic, was announced. Following a surgical operation. Worker until the last, a month before… Continue reading Marchionne: one year from the death, as will be the future of Fca