The company has shifted its focus to the United States in order to benefit from the Inflation Reduction Act, which provides incentives to spur EV manufacturing and adoption. Britain’s Arrival SA said it was laying off 50% of its employees in a move that will help halve its cash operating expenses, as the electric-vehicle startup… Continue reading British EV startup Arrival to lay off half its staff, names insider as CEO
Tag: Nissan
Cleantechnica: Arizona’s EV Plan Gives Us A Clue About Tesla CCS Charging 002557
Last year, I shared details that came out of an online Arizona DOT meeting about its plan for federal Infrastructure Bill funds, also known as funding from the NEVI program. Since then, the state has narrowed down its choices for EV charging sites to meet federal requirements, and it reveals something interesting that’s probably happening… Continue reading Cleantechnica: Arizona’s EV Plan Gives Us A Clue About Tesla CCS Charging 002557
Renault-Nissan Alliance back on stable ground as fractures fixed
Investors, suppliers and employees alike will be breathing a sigh of relief today after Renault and Nissan announced they had agreed a new basis for their Alliance that stretches back to 1999 but had looked increasingly rocky in recent months. Nissan chafed that Renault’s stake in it stood at 43% while it only owned 15% of… Continue reading Renault-Nissan Alliance back on stable ground as fractures fixed
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TOKYO, Jan 31 (Reuters) – Shares of Nissan Motor Corp (7201.T) rose in early trade in Tokyo on Tuesday, after the Japanese automaker and its French partner Renault SA (RENA.PA) announced a sweeping overhaul of their two-decade-old alliance putting them on equal footing. Nissan shares were up almost 2%, outperforming a flat Nikkei 225 share… Continue reading Untitled
Japanese investors in Indonesia shift gears to focus on digital businesses
Japanese investors in Indonesia, who have traditionally targeted the Southeast Asian nation’s manufacturing, construction, and engineering industries, are now slowly shifting gears and focusing on new-age businesses. Given Indonesia’s young, tech-savvy population, investors like the Mitsubishi Group and Sumitomo Mitsui have started betting on digital companies, particularly fintechs. Go to Source
Renault slashes Nissan stake as the automakers overhaul their decades-long alliance
Renault and Nissan automobile logos are pictured during the Brussels Motor Show on January 9, 2020 in Brussels. (Photo by KENZO TRIBOUILLARD/AFP via Getty Images) Kenzo Tribouillard | Afp | Getty Images Automobile giants Renault and Nissan on Monday agreed to restructure their decades-long alliance, in a move that would see Renault’s shareholdings in Nissan… Continue reading Renault slashes Nissan stake as the automakers overhaul their decades-long alliance
Nissan, Renault to make cross-shareholdings equal
Tokyo — Nissan and Renault have agreed to equalize the stakes they hold in each other, both sides said Monday, ironing out a source of conflict in the Japan-French auto alliance. Up to now, Renault Group has held a 43.4% stake in Nissan Motor Co., potentially giving it a larger say in how the Japanese… Continue reading Nissan, Renault to make cross-shareholdings equal
German FAZ: After the games is before kick-off005114
Towards the end of the year there were four car-free Sundays in Germany. The bans were accepted stoically, and the freeways were never as empty as they were then. And with two horsepower you finally made progress. Image: Bridgeman Images We’ve been looking back at the cars from 50 years ago for 25 years in… Continue reading German FAZ: After the games is before kick-off005114
Nissan-Renault alliance overhaul reflects pivot from scale to tech
TOKYO — The deal announced Monday between Nissan Motor and Renault reworks the Japanese-French alliance for an era in which automakers need to consider more than just expansion as they pick their partners. Under the deal, Renault will cut its stake in Nissan to 15%, putting the capital relationship on an equal footing, and Nissan… Continue reading Nissan-Renault alliance overhaul reflects pivot from scale to tech
Foxconn hires former Nissan exec Jun Seki as EV strategy head
Technology Auto veteran also served as chief of motor maker Nidec until last year Japan auto industry veteran Jun Seki has been hired as Foxconn’s chief strategy officer of its electric vehicle business. (Photo by Atsushi Ooka) LAULY LI, Nikkei Asia tech correspondentJanuary 30, 2023 17:30 JST | Taiwan TAIPEI — Foxconn has named Japan auto… Continue reading Foxconn hires former Nissan exec Jun Seki as EV strategy head