The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced on Friday an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Leading the round — the single largest fundraising round in China’s autonomous driving sector — is its existing investor Softbank, the Japanese… Continue reading SoftBank led $500M investment in Didi in China’s biggest autonomous driving round
Tag: Nissan
Renault plans 17.5% production cut to save £1.8bn by 2024
Renault has laid out plans to implement 14,600 job cuts as it reduces its global vehicle production output by 17.5% in a bid to save £1.8 billion by 2024. A day after Alliance partner Nissan announced the transformation of its global manufacturing operations and an accompanying reduction in its model range, Renault revealed similar steps… Continue reading Renault plans 17.5% production cut to save £1.8bn by 2024
@Mitsubishi: Mitsubishi Motors Announces Production, Sales and Export Figures for April 2020
TOKYO, May 28, 2020 – (JCN Newswire) – Mitsubishi Motors has announced a summary of production, sales, and export figures for April 2020. (1) Beginning fiscal 2012, locally branded models produced in China, which to date had been included in the output figure for China, are now excluded (2) Includes imports to Japan Summary: April… Continue reading @Mitsubishi: Mitsubishi Motors Announces Production, Sales and Export Figures for April 2020
Nissan reports $6.2bn annual net loss, worst in 20 years
TOKYO — Nissan Motor has posted a net loss of 671 billion yen ($6.2 billion) for the year ended in March as the new coronavirus outbreak devastated sales and the carmaker started a big restructuring to cut costs. The annual financial result exceeds the company’s net loss of 233 billion yen for the 12 months… Continue reading Nissan reports $6.2bn annual net loss, worst in 20 years
Nissan to resume US production on Monday
TOKYO — Nissan Motor will begin restarting operations at its U.S. plants on Monday, a move that comes three weeks after Japanese rivals Toyota Motor and Honda Motor resumed North American production. A vehicle assembly plant in Canton, Mississippi, will resume production on Monday, per Nissan’s reopening plan, with one in Smyrna, Tennessee, to follow… Continue reading Nissan to resume US production on Monday
GROUPE RENAULT : Nissan contribution to Renault’s Q1 2020 earnings
May 28th, 2020Nissan contributes -€3,573 million for first quarter 2020 to Renault’s earningsNissan released today its results for the fourth quarter of fiscal year 2019/2020 (April 1st, 2019 to March 31th, 2020).Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2019/2020 (January 1st to March 31th, 2020) will have a… Continue reading GROUPE RENAULT : Nissan contribution to Renault’s Q1 2020 earnings
Exclusive: Nissan settles dispute with Indian state over unpaid dues – sources
NEW DELHI/CHENNAI (Reuters) – Nissan Motor Co (7201.T) has agreed to settle a long-running dispute with the Indian state of Tamil Nadu after claiming it was owed 50 billion rupees ($660 million) in unpaid dues and damages, six sources told Reuters. FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February… Continue reading Exclusive: Nissan settles dispute with Indian state over unpaid dues – sources
Nissan’s Sunderland factory safe but plant in Barcelona will close
Nissan Carmaker seeks to ‘improve efficiency’ at UK plant and will reduce worldwide spending Coronavirus – latest updates See all our coronavirus coverage Tyres are burned during a protest in front of the Nissan factory in Barcelona, which is going to close. Photograph: Andreu Dalmau/EPA Nissan has confirmed it will not close its Sunderland manufacturing… Continue reading Nissan’s Sunderland factory safe but plant in Barcelona will close
@Nissan: Nissan to reinforce in Russia with refreshed product range
2020/05/28 Nissan vehicle line-up to be renewed for Russia New crossovers, electric vehicle and technologies to be introduced Datsun production in Russia to end Moscow – Nissan today announced its future direction for the Russian market, with plans to completely refresh its product line-up in the coming four years. Future growth will be driven through… Continue reading @Nissan: Nissan to reinforce in Russia with refreshed product range
Electric vans: anyone who wants to inherit the street scooter
Italians under power Among the large van models, there is the Fiat Ducato in an E variant. Cologne E-commerce is booming and the streets are full of vans. That was already the case before Corona and has intensified significantly with the pandemic. But as easy as that is for the customers, the development is also… Continue reading Electric vans: anyone who wants to inherit the street scooter