TOKYO — Mitsubishi Motors has decided to stop developing new diesel engines, Nikkei has learned. The Japanese automaker will eliminate diesel versions of its key car models by the end of 2021 and significantly reduce the size of its existing diesel vehicle business. Diesel engine vehicles are falling out of favor, especially in Europe, with… Continue reading Mitsubishi to phase out diesel vehicles
Tag: Nissan
Nidec’s charismatic founder still in search for a successor
TOKYO — Japanese motor maker Nidec is to hire Jun Seki, the vice chief operating officer at Nissan Motor, as a potential candidate for president. Seki is the third outside executive recruited by Shigenobu Nagamori, Nidec’s chairman and chief executive, as a candidate for the position. Like Masayoshi Son, SoftBank Group’s president and chief executive, and Tadashi Yanai, president and… Continue reading Nidec’s charismatic founder still in search for a successor
Nissan sells 417,913 vehicles globally in November 2019, down 10.3%
Nissan has recently released its monthly sales report for the month of November 2019 and the document shows that Nissan has sold a total of 417,913 vehicles in the month. A decline of 10.3 percent in comparison to November 2018 figures. In the year to date, January to November, Nissan sold a total of 4,719,675… Continue reading Nissan sells 417,913 vehicles globally in November 2019, down 10.3%
Without Carlos Ghosn, the Nissan-Renault Alliance Has Started to Crack – Wall Street Journal
It took a year without Carlos Ghosn for the auto makers he once led to realize what he had been doing for two decades: keeping Nissan Motor Co. and Renault SA from coming apart at the seams. Since Mr. Ghosn was arrested in November 2018, insiders at the companies said the two partners, lacking a… Continue reading Without Carlos Ghosn, the Nissan-Renault Alliance Has Started to Crack – Wall Street Journal
Nissan’s new No. 3 Seki jumps ship to Nidec
TOKYO — Nissan Motor‘s turnaround efforts suffered a heavy blow as Jun Seki, who assumed one of the automaker’s three new leadership posts just a month ago, will leave the company to join Japanese motor maker Nidec as early as February, Nikkei learned on Tuesday. Seki is seen as a potential candidate to become Nidec’s… Continue reading Nissan’s new No. 3 Seki jumps ship to Nidec
Nissan top executive Seki to resign in blow to turnaround plan
YOKOHAMA, Japan (Reuters) – The executive tasked with leading a recovery at Nissan Motor Co Ltd (7201.T) said he had decided to resign just weeks into his new job, a move that could disrupt the automaker’s push to turn the corner on scandal and slumping sales. FILE PHOTO: Nissan Motor executive officer and vice-COO Jun… Continue reading Nissan top executive Seki to resign in blow to turnaround plan
Auto Slowdown: Honda reopens Manesar factory after 2 weeks but slowdown in industry still persists – Business Today
India’s second-largest two-wheeler maker Honda Motorcycle and Scooter India (HMSI) on Monday reopened its Manesar factory after almost two weeks of shut down. Around 1900 permanent workers were asked to resume work in batches and no vehicles were produced, which is expected to happen only later this week. Neither was there any clarity whether a… Continue reading Auto Slowdown: Honda reopens Manesar factory after 2 weeks but slowdown in industry still persists – Business Today
EMBARGOED-Electric vehicle startup Rivian scores $1.3 bln investment from T.Rowe Price, others
Dec 23 (Reuters) – Electric vehicle startup Rivian said on Monday it closed a $1.3 billion investment round, led by fund manager T. Rowe Price but also including existing investors online retailer Amazon.com Inc and No. 2 U.S. automaker Ford Motor Co. The investment round, which also included BlackRock Inc, is the fourth this year… Continue reading EMBARGOED-Electric vehicle startup Rivian scores $1.3 bln investment from T.Rowe Price, others
Mitsubishi Corp and NTT to acquire 30% stake in HERE Technologies
Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan are to jointly acquire a 30 percent ownership stake in HERE Technologies. The companies are co-investing in Here via their newly established, jointly owned holding company ‘COCO Tech Holding’ B.V. in the Netherlands. The transaction is expected to close in the first half of… Continue reading Mitsubishi Corp and NTT to acquire 30% stake in HERE Technologies
Mazda shifts Thai SUV production to Japan as baht soars
TOKYO — Mazda Motor will review its production footprint in Thailand, Southeast Asia’s top automotive hub, and move the assembly of some models to Japan, as the automaker combats the continued appreciation of the baht against key currencies. Mazda will relocate the production of CX-3 sport utility vehicles meant for the Australia market to a factory in the western… Continue reading Mazda shifts Thai SUV production to Japan as baht soars