TOKYO — Toyota Motor posted a net profit of 158 billion yen ($1.5 billion) for the three months ended in June, the automaker said Thursday. That was down 74% from the previous year, but the Japanese automaker stayed in the black even as its peers had loss-making quarters due to the COVID-19 pandemic. Revenue at Toyota for April… Continue reading Toyota posts net profit of $1.5bn for April-June despite COVID
Tag: Nissan
@Nissan: Update on Nissan industrial operations in Spain000007
2020/08/06 Barcelona, Spain – Production in Nissan Barcelona Plant will continue until December 2021, following an agreement with employee representatives regarding the closure of the company’s manufacturing operations in Catalonia. The closure of the plant has been postponed by 12 months, giving more time for employees and suppliers to prepare for the end of production,… Continue reading @Nissan: Update on Nissan industrial operations in Spain000007
ChargePoint raises $127M as electric vehicle adoption grows among fleet operators
Electric vehicle charging network ChargePoint raised $127 million in funding in a bid to expand its platform for businesses and fleets in North America and Europe. A mix of existing investors from the oil and gas, utilities and venture industries added to the round, including American Electric Power, Chevron Technology Ventures, Clearvision and Quantum Energy Partners.… Continue reading ChargePoint raises $127M as electric vehicle adoption grows among fleet operators
Mitsubishi eyes car production in Myanmar
TOKYO — Mitsubishi Motors is considering building vehicles in Myanmar, as the Japanese automaker deepens its commitment to Southeast Asia, CEO Takao Kato told Nikkei, charting a way forward in a market battered by the coronavirus pandemic. Kato said his company hopes to “collaborate” with Mitsubishi Corp., the trading house that owns a 20% stake in… Continue reading Mitsubishi eyes car production in Myanmar
Stoneacre Motor Group acquires Hodgson Newcastle Ltd car dealership group
Stoneacre Motor Group has continued to drive past its former £1 billion turnover growth target with the acquisition of the Hodgson Newcastle Ltd car dealership group. The AM100 retail group told AM that the acquisition had been postponed following the outbreak of COVID-19 coronavirus but was completed last week under the deal’s initial terms. “A… Continue reading Stoneacre Motor Group acquires Hodgson Newcastle Ltd car dealership group
@Renault: MORE THAN 300,000 RENAULT ELECTRIC VEHICLES SOLD…000002
Groupe Renault has manufactured cars since 1898. Today it is an international multi-brand group, selling close to 3.8 million vehicles in 134 countries in 2019, with 40 manufacturing sites, 12,700 points of sales and employing more than 180,000 people. To address the major technological challenges of the future, while continuing to pursue its profitable growth… Continue reading @Renault: MORE THAN 300,000 RENAULT ELECTRIC VEHICLES SOLD…000002
DPD Electrified 10% Of Its Van Fleet Ahead Of Schedule
The British division of DPD boasted that it has increased the number of EVs from just over 130 at the start of 2020, to more than 700, smashing its own target by five months. That’s more than 10% of the entire fleet. It makes also DPD UK the biggest electric delivery fleet in the country. The… Continue reading DPD Electrified 10% Of Its Van Fleet Ahead Of Schedule
BMW Group’s Position In The Plug-In EV Market: June 2020
BMW Group (BMW and MINI brands), as in previous months, released an interesting set of global electromobility sales charts to show its market position within competition. The plug-in car registration data (BEV/PHEV) for the first half of 2020 comes from IHS Markit and concerns only passenger cars. * As usual, the purpose of the presentation… Continue reading BMW Group’s Position In The Plug-In EV Market: June 2020
Mitsubishi Heavy set to oversee Japan’s homegrown fighter project
TOKYO — Japan’s Defense Ministry confirmed Friday it will award a contract to a single Japanese company to oversee its next-generation fighter jet project, part of an effort to preserve a domestic defense industry that has atrophied amid decades of U.S.-led development. The winning company — most likely Mitsubishi Heavy Industries — would subcontract with… Continue reading Mitsubishi Heavy set to oversee Japan’s homegrown fighter project
Mahindra & Mahindra sees robust demand for the tractor industry this year
The coronavirus pandemic has ensured that year 2020 will be remembered by all. For Hemant Sikka, who took on the role of president – farm equipment sector, Mahindra & Mahindra (M&M) on April 1, there are a couple of more reasons. The seasoned professional took on the new role, with a problem that he isn’t… Continue reading Mahindra & Mahindra sees robust demand for the tractor industry this year