Mazda Motor CEO addresses challenges in China’s auto market, emphasizing the need for strategic transformation amidst rising domestic competition and the surge in electric vehicle demand. Japan’s Mazda Motor needs to overhaul its strategy in China where it is fighting to keep up with “severe” competition from domestic players, the automaker’s chief executive said on… Continue reading Mazda needs China strategy overhaul to keep up with market, says CEO
Tag: Nissan
Renault Group & Geely announce low-emission powertrain joint venture
Geely and Renault Group have signed a binding 50/50 joint venture agreement to launch a new powertrain technology company that aims to become a global leader in developing, manufacturing, and supplying new hybrid powertrains and efficient ICE powertrains. The new company will encompass 17 engine plants and five R&D centers across three continents. Through it,… Continue reading Renault Group & Geely announce low-emission powertrain joint venture
Mitsubishi suspends China production as car sales plunge
What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Mitsubishi suspends China production as car sales plunge
HANZA expands annual manufacturing volume for Mitsubishi Logisnext Europe by over 100 MSEK
STOCKHOLM, July 13, 2023 /PRNewswire/ — HANZA has today signed a manufacturing agreement with Mitsubishi Logisnext Europe (“MLE”), a leading provider of logistics solutions with self-designed innovative, high-quality forklifts. The agreement expands the existing co-operation between the parties substantiallt and will add an estimated order value exceeding SEK 100 million per year. HANZA currently manufactures… Continue reading HANZA expands annual manufacturing volume for Mitsubishi Logisnext Europe by over 100 MSEK
HANZA expands annual manufacturing volume for Mitsubishi Logisnext Europe by over 100 MSEK
STOCKHOLM, July 13, 2023 /PRNewswire/ — HANZA has today signed a manufacturing agreement with Mitsubishi Logisnext Europe (“MLE”), a leading provider of logistics solutions with self-designed innovative, high-quality forklifts. The agreement expands the existing co-operation between the parties substantiallt and will add an estimated order value exceeding SEK 100 million per year. HANZA currently manufactures… Continue reading HANZA expands annual manufacturing volume for Mitsubishi Logisnext Europe by over 100 MSEK
HANZA expands annual manufacturing volume for Mitsubishi Logisnext Europe by over 100 MSEK
STOCKHOLM, July 13, 2023 /PRNewswire/ — HANZA has today signed a manufacturing agreement with Mitsubishi Logisnext Europe (“MLE”), a leading provider of logistics solutions with self-designed innovative, high-quality forklifts. The agreement expands the existing co-operation between the parties substantiallt and will add an estimated order value exceeding SEK 100 million per year. HANZA currently manufactures… Continue reading HANZA expands annual manufacturing volume for Mitsubishi Logisnext Europe by over 100 MSEK
Nissan to invest some USD 725 mln in Renault’s EV unit
The partnership between Nissan and Renault, joined by Mitsubishi Motors, aims to rebalance ownership and enhance collaboration. Nissan Motor is likely to invest around 100 billion yen (USD 725 million) in Renault‘s new electric vehicle unit, the Yomiuri Shimbun said on Friday, potentially clearing a hurdle in drawn-out talks to reshape their automaking alliance. The… Continue reading Nissan to invest some USD 725 mln in Renault’s EV unit
HANZA expands annual manufacturing volume for Mitsubishi Logisnext Europe by over 100 MSEK
STOCKHOLM, July 13, 2023 /PRNewswire/ — HANZA has today signed a manufacturing agreement with Mitsubishi Logisnext Europe (“MLE”), a leading provider of logistics solutions with self-designed innovative, high-quality forklifts. The agreement expands the existing co-operation between the parties substantiallt and will add an estimated order value exceeding SEK 100 million per year. HANZA currently manufactures… Continue reading HANZA expands annual manufacturing volume for Mitsubishi Logisnext Europe by over 100 MSEK
@Nissan: Position Statement of the media reports on negotiations between Nissan and Renault001108
July 14, 2023 Based on the binding framework agreement disclosed on February 06, 2023, Nissan and Renault are engaged in constructive and ongoing negotiations. We will make a statement in due course when the agreements are concluded. ### Go to Source
Cleantechnica: Auto Dealers Wake Up To The Impact Of EVs On Their Lots 002888
Dealers look out onto their showrooms and now see EVs joining their inventories. With the additions come pressure to turn over supplies — in late June, 2023, the days’ supply of EVs was over 100, whereas industry-wide inventory levels were closer to 53 days. The impact of EVs on US auto dealerships has never been… Continue reading Cleantechnica: Auto Dealers Wake Up To The Impact Of EVs On Their Lots 002888