German Manager Magazine: Toyota: Car manufacturer announces billion-dollar share buyback003453

Toyota starts a billion-dollar share buyback and thereby breaks ties with other large Japanese companies. The world’s largest car manufacturer announced on Tuesday that it would remove up to 807 billion yen (4.75 billion euros) of its own shares from the market. As part of the program, Toyota is offering 2,781 yen per share. In… Continue reading German Manager Magazine: Toyota: Car manufacturer announces billion-dollar share buyback003453

Mitsubishi Motors suffers 39% profit drop on weak Asia shipments

TOKYO — Mitsubishi Motors on Tuesday reported a 39% decrease in net profit on the year for the April-June quarter to 29.4 billion yen ($188 million), as shipments flagged in the crucial Southeast Asian market. The Japanese automaker underperformed market forecasts for the quarter, in part from higher marketing costs in North America amid cutthroat competition. Go to Source

Pinnacle Mergers & Acquisitions Represents Sonic Automotive in the sale of Dave Smith Nissan

“Working with JB and the Pinnacle team was an amazing experience,” said Cortes. Post this Pinnacle’s long-standing relationship with Sonic Automotive has led to more than 50 transactions dating back to 1997. A few of the more notable transactions include Mercedes Benz of Nashville, Tenn., Mercedes Benz of Walnut Creek, Calif., and W.I. Simonson Mercedes… Continue reading Pinnacle Mergers & Acquisitions Represents Sonic Automotive in the sale of Dave Smith Nissan

TBWA’s dotdotdash Hires Mai Nguyen as First Chief Client Officer

Acquired by TBWAWorldwide in 2022, experience innovation agency dotdotdash, has helped drive NEXT–TBWA’s innovation practice–to a double-digit growth trajectory for 2024 LOS ANGELES, July 23, 2024 /PRNewswire/ — dotdotdash has today announced the appointment of Mai Nguyen as Chief Client Officer, responsible for helping deliver future-forward brand experiences at the intersection of culture and technology… Continue reading TBWA’s dotdotdash Hires Mai Nguyen as First Chief Client Officer

Nissan Ariya EV India bound

Following the launch of the X-Trail in India, Nissan will bring the Ariya e-SUV to India in the coming months. The Ariya SUV is the Japanese brand’s answer to the likes of the Tesla Model Y and the Volkswagen ID.4 SUVs overseas. The Ariya made its global debut in 2020 and has been spied testing in… Continue reading Nissan Ariya EV India bound

Nissan Ariya EV India bound

Following the launch of the X-Trail in India, Nissan will bring the Ariya e-SUV to India in the coming months. The Ariya SUV is the Japanese brand’s answer to the likes of the Tesla Model Y and the Volkswagen ID.4 SUVs overseas. The Ariya made its global debut in 2020 and has been spied testing in… Continue reading Nissan Ariya EV India bound

Toyota Motor to launch $5.16b tender offer for own shares

Toyota Motor said on Tuesday it would launch an 807 billion yen ($5.16 billion) tender offer for its own shares. The buyback comes amid a governance push by the Tokyo Stock Exchange that has prompted major companies to unwind cross-shareholdings. The practice of companies holding shares in each other has long been seen as a… Continue reading Toyota Motor to launch $5.16b tender offer for own shares

Standard Motor Products Introduces 335 New Numbers

Key Takeaways – Fuel Injection is one of several engine system categories that see continued expansion – Standard® has introduced 25 new ABS Sensors and eight Park Assist Cameras for import and domestic vehicles – Four Seasons® has introduced new numbers in key categories like Hose Assemblies, Reman Compressors and Air Door Actuators NEW YORK, July 22,… Continue reading Standard Motor Products Introduces 335 New Numbers

Nissan commits to Formula E GEN4 reinforcing its Ambition 2030 electrification plans

Nissan announced its commitment to the ABB FIA Formula E World Championship until at least 2030, reinforcing its Ambition 2030 electrification plans. Running from Season 13 (2026/27) to Season 16 (2029/30), Formula E’s GEN4 technology will be the most advanced yet, and is set to continue the series’ status as the world’s most innovative laboratory… Continue reading Nissan commits to Formula E GEN4 reinforcing its Ambition 2030 electrification plans