Thursday Morning Auto News, Jul 25, 2024: Nissan, Stellantis hit the brakes. Tesla stock shaken. Trouble ahead for EU luxury makes. More.

CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit – Automotive News Volvo softens EV-or-bust strategy as hybrids show promise – Automotive News Hyundai Motor posts record Q2 profit on strong US sales, to boost hybrid lineups – Reuters Stellantis and Nissan deepen fears over auto industry downturn – FT Renault H1… Continue reading Thursday Morning Auto News, Jul 25, 2024: Nissan, Stellantis hit the brakes. Tesla stock shaken. Trouble ahead for EU luxury makes. More.

German FAZ: Mitsubishi could join the alliance of Honda and Nissan007352

Among other things, the joint development of software is planned. The details of the agreement are still being negotiated. Mitsubishi declined to comment on the matter. The other two car manufacturers could not immediately be reached for comment. Nissan, Japan’s third largest vehicle manufacturer, is suffering from falling demand in its two most important markets,… Continue reading German FAZ: Mitsubishi could join the alliance of Honda and Nissan007352

German Manager Magazine: Mitsubishi joins alliance of Honda and Nissan003464

The merger would create a group with total annual sales of more than eight million vehicles, wrote the business newspaper “Nikkei” on Sunday. Among other things, the joint development of software is planned. The details of the agreement are still being negotiated. Mitsubishi declined to comment on the matter. The other two car manufacturers could… Continue reading German Manager Magazine: Mitsubishi joins alliance of Honda and Nissan003464

Ashok Leyland eyes 45% market share in southern India

Ashok Leyland, the Chennai-based commercial vehicle giant, is looking to tighten its grip on the South Indian market. Already a powerhouse in the region, the company currently commands over 40% of the Medium and Heavy Commercial Vehicle (MHCV) segment. Not content to rest on its laurels, Ashok Leyland has set its sights even higher, aiming… Continue reading Ashok Leyland eyes 45% market share in southern India

Broaching Machines Market size is set to grow by USD 109.1 million from 2024-2028, increasing demand for CNC-incorporated machine tools boost the market, Technavio

NEW YORK, July 26, 2024 /PRNewswire/ –The global broaching machines market size is estimated to grow by USD 109.1 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.5% during the forecast period. Increasing demand for cnc-incorporated machine tools is driving market growth, with a trend towards integration of automation solution providers… Continue reading Broaching Machines Market size is set to grow by USD 109.1 million from 2024-2028, increasing demand for CNC-incorporated machine tools boost the market, Technavio

Nissan falls behind Renault in market cap a year after equal alliance

TOKYO — A year after Nissan Motor and Renault Group agreed to rebalance their alliance to a team of equals, the Japanese automaker has fallen behind its French partner in market capitalization amid struggles to adapt to shifting market environments. Nissan’s group operating profit fell 99% on the year to 995 million yen ($6.45 million)… Continue reading Nissan falls behind Renault in market cap a year after equal alliance

Mercedes-Benz appoints Nadia Trimmel as Vice President, Marketing & Sales, Mercedes-Benz Cars Malaysia & SEA II

Mercedes-Benz Malaysia announces a new senior leadership appointment to steer its marketing and sales operations. Effective 1st July 2024, Nadia Trimmel joins as Vice President, Marketing & Sales, Mercedes-Benz Cars Malaysia & SEA II. Trimmel joined Mercedes-Benz in 2014 as General Manager Sales and assumed the role of Managing Director Mercedes-Benz Vans South Africa two… Continue reading Mercedes-Benz appoints Nadia Trimmel as Vice President, Marketing & Sales, Mercedes-Benz Cars Malaysia & SEA II