Transportation finance and logistics company CAI International Inc said on Thursday it has agreed to a $1.1 billion takeover by Mitsubishi HC Capital Inc, as the Japanese financial firm expands its overseas operations. The deal consists of $104 million worth of preferred stock and $986 million of common stock equity value, and has an enterprise… Continue reading Mitsubishi HC Capital to buy NYSE-listed CAI International for $1.1b
Tag: Nissan
Renault Nissan runs flourishing parts export business from India
Biju Balendran, MD, RNAIPL: “Around 3,912 parts including seats, mufflers and steel parts are currently exported. We also export stamping parts to Egypt and Russia and bumpers to Egypt.” The Renault Nissan Alliance’s connect with India goes beyond the massive 480,000 vehicles per annum plant in Oragadam, Chennai, which also has a engine and gearbox… Continue reading Renault Nissan runs flourishing parts export business from India
UK in talks to build battery ‘gigafactories’ for electric cars
The UK government has held talks with six manufacturers about building “gigafactory” electric car battery plants as part of its efforts to improve the prospects of the British automotive industry. The US carmaker Ford and the Korean electronics conglomerates LG and Samsung are among the companies that have had early-stage discussions with the government or… Continue reading UK in talks to build battery ‘gigafactories’ for electric cars
SG automotive marketplace Carro raises $360m led by SoftBank to become a unicorn
Singapore-headquartered Carro has announced the completion of a $360 million Series C funding round led by SoftBank Vision Fund 2, making it the first automotive marketplace unicorn in Southeast Asia. Notable investors in this round of financing include several prominent Indonesia-based funds such as EV Growth, according to a statement, according to a press release… Continue reading SG automotive marketplace Carro raises $360m led by SoftBank to become a unicorn
Nissan to end development of sedans in Japan
TOKYO — Nissan Motor will end development of new versions of all its sedans in Japan as sport utility vehicles make inroads into its home market, Nikkei has learned. Major suppliers had been informed of the plans as of Friday, according to people familiar with the matter. All four sedan models sold in Japan will… Continue reading Nissan to end development of sedans in Japan
Interview | How is the former Aston Martin CEO faring after his forced departure? – GPblog
For many years, Andy Palmer held the position of CEO at Aston Martin, but in May 2020, his six-year tenure at the brand came to an end. He soon went back to work, again in the electric vehicle industry. GPblog.com contacted Palmer to find out how the 57-year-old Briton is faring at the moment. Aston… Continue reading Interview | How is the former Aston Martin CEO faring after his forced departure? – GPblog
Great Wall and Foxconn bet on Thai electric car market
BANGKOK — As the global automotive industry undergoes a radical shift toward electrification, Thailand, the manufacturing hub of Southeast Asia, is emerging as a new arena of competition for the world’s leading manufacturers. China’s Great Wall Motors on Wednesday officially opened its first factory in Thailand’s Eastern Economic Corridor industrial zone of Rayong. It will focus on electric… Continue reading Great Wall and Foxconn bet on Thai electric car market
Defiant Ghosn pins hopes on French probes to clear his name – The Associated Press
Defiant Ghosn pins hopes on French probes to clear his name The Associated Press 5 key takeaways from AP’s interview with Carlos Ghosn The Independent Carlos Ghosn Says He Will Speak With French Investigators In New Interview Forbes Carlos Ghosn says downfall felt like being ‘hit by a bus’ Euronews Carlos Ghosn, Stuck in Beirut, Says He Is Ready… Continue reading Defiant Ghosn pins hopes on French probes to clear his name – The Associated Press
Ghosn speaks his mind on Renault-Nissan’s fall – Asia Times
This is the second of two stories based on an exclusive interview with Carlos Ghosn. Part one, “Secret pay never happened,” is here. It was a big event at the time, although mostly forgotten by now. On a mild autumn evening in 2004, Carlos Ghosn, then president and CEO of Nissan Motor Co, was inducted… Continue reading Ghosn speaks his mind on Renault-Nissan’s fall – Asia Times
There’s a Huge Problem With Buying Used Electric Vehicles
Can regulators fix this battery degradation problem? Buying Used The secondhand market for electric vehicles has a serious issue, Vice reports: it’s nearly impossible to figure out the health of any given electric car’s battery. The shortcoming represents a major challenge for automakers. To truly take over the market, they’re going to have to persuade… Continue reading There’s a Huge Problem With Buying Used Electric Vehicles