TOKYO — Mitsubishi Motors has started making the final arrangements for the closure of a car plant of subsidiary Pajero Manufacturing within three years, sources familiar with the matter said on Wednesday, Nikkei has learned. The Pajero Manufacturing plant, which is based in the Gifu Prefecture town of Sakahogi, has produced cars such as the Pajero… Continue reading Mitsubishi Motors to close SUV plant in Japan by 2023 to cut capacity
Tag: Nissan
Japan’s Mitsubishi Motors may shut factory in Gifu in central Japan, sources say
TOKYO (Reuters) – Japan’s Mitsubishi Motors (7211.T) is considering shutting down its Pajero subsidiary and closing a factory in central Japan that produces the sport-utility vehicle of the same name, two sources familiar with the matter told Reuters on Wednesday. Mitsubishi is considering shutting Pajero Manufacturing Co Ltd and its factory in Gifu prefecture within… Continue reading Japan’s Mitsubishi Motors may shut factory in Gifu in central Japan, sources say
Mitsubishi Motors To Launch Lineup Of New Vehicles
Between now and the end of the second quarter of 2021, Mitsubishi Motors North America, Inc. (MMNA) will launch three considerably revised vehicles and one all-new, ground-up redesign, proof of the company’s commitment to deliver high quality, top value, leading-edge technology vehicles in the U.S. In addition, standard features and added value across the entire… Continue reading Mitsubishi Motors To Launch Lineup Of New Vehicles
Nissan offers to postpone Barcelona plant closure, to talk on ‘everything’
BARCELONA (Reuters) – Nissan Motor Co. (7201.T) said on Tuesday it is willing to postpone until June 2021 the closure of its Barcelona plants and talk about “everything” with unions, but insisted it sees no alternative to the factories shutting. FILE PHOTO: The logo of Nissan is seen through a fence at Nissan factory at… Continue reading Nissan offers to postpone Barcelona plant closure, to talk on ‘everything’
Car maker: Investors praise Daimler CEO: “Källenius ends his predecessor’s dreams”
Ola Källenius The new mantra of the Daimler CEO is “Margin comes before quantity”. (Photo: dpa) Munich The carmaker has been fighting for two and a half years Daimler with steadily falling profits. The crisis of the Dax group is far from over. As a result of the corona crisis, the Mercedes manufacturer even reported… Continue reading Car maker: Investors praise Daimler CEO: “Källenius ends his predecessor’s dreams”
Ghosn probe finds daughter met accused escape accomplice
Carlos Ghosn insists his wife and four adult children played no part in his dramatic escape from Japan in a crate that was smuggled aboard a private plane. “I alone arranged for my departure,” the former Nissan Motor Co. chairman said in January. “My family had no role whatsoever.” But according to evidence gathered by… Continue reading Ghosn probe finds daughter met accused escape accomplice
@Nissan: Nissan Group reports second-quarter 2020 U.S. sales
July 1, 2020 2020 2019 % chg Total Second-Quarter (April-June) 2020 sales (units) 177,328 351,185 -49.5 Nissan Division sales 161,233 322,442 -50.0 INFINITI sales* 16,095 28,743 -44.0 Calendar Year Total sales (units) 434,934 717,036 -39.3 Nissan Division sales 393,281 653,978 -39.9 INFINITI sales* 41,653 63,058 -33.9 NASHVILLE, Tenn. – Nissan Group announced total… Continue reading @Nissan: Nissan Group reports second-quarter 2020 U.S. sales
Ex-Nissan boss Carlos Ghosn says he is helping everyone who stood by him – The Japan Times
Beirut – Former Nissan Motor Co. Chairman Carlos Ghosn is helping everyone who stood by him, he said in an interview broadcast on Saturday, though he declined to comment on cases of people accused of helping him flee to Lebanon from Japan. Ghosn, the ex-chairman of an automaking alliance of Renault SA, Nissan Motor Co.… Continue reading Ex-Nissan boss Carlos Ghosn says he is helping everyone who stood by him – The Japan Times
Recap: Autoliv Q2 Earnings
Shares of Autoliv (NYSE:ALV) fell 1% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 201.45% year over year to ($1.40), which missed the estimate of ($0.85). Revenue of $1,048,000,000 decreased by 51.37% year over year, which missed the estimate of $1,060,000,000. Looking Ahead Earnings guidance hasn’t been issued… Continue reading Recap: Autoliv Q2 Earnings
Exclusive: Nissan plans 30% cut in output to Dec as virus hits demand -sources – Reuters UK
TOKYO (Reuters) – Nissan Motor Co (7201.T) is planning a 30% year-on-year cut in global vehicle production through December as falling demand due to the COVID-19 pandemic complicates its turnaround efforts, two sources with knowledge of the matter told Reuters. FILE PHOTO: A logo of Japan car manufacturer Nissan is pictured at a dealership Kyiv,… Continue reading Exclusive: Nissan plans 30% cut in output to Dec as virus hits demand -sources – Reuters UK