May 22, 2018 The Renault-Nissan-Mitsubishi alliance’s new venture capital fund has agreed five investments in four months totaling $50 million and will present another to its supervisory board next week, the fund’s head said. The alliance said in January it was setting up the fund with plans to invest as much as $1 billion over… Continue reading New Renault-Nissan-Mitsubishi VC fund invests first $50m in car tech startups
Tag: Financial Results
Nissan: Nissan to expand ProPILOT technology to additional models
Qashqai/Rogue Sport among vehicles to receive technology following strong global market performance YOKOHAMA, Japan – Nissan’s innovative ProPILOT* semi-autonomous driving system has been a success with customers, with more than 120,000 vehicles featuring the technology sold globally. The availability of ProPILOT* is now set to expand to additional models, including the Nissan Qashqai in Canada… Continue reading Nissan: Nissan to expand ProPILOT technology to additional models
Nissan: Nissan reports full-year results for fiscal year 2017
Nissan generated an operating profit of 574.8 billion yen on net revenues of 11.95 trillion yen YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced financial results for the 12-month period to March 31, 2018. For the first nine months of the fiscal year, the company faced significant costs associated with special items, inventory adjustments… Continue reading Nissan: Nissan reports full-year results for fiscal year 2017
Electric DS 3 Crossback to be revealed at 2018 Paris motor show
DS will reveal the electric DS3 Crossback compact SUV, a rival to the Audi Q2, at the Paris motor show this October ahead of its launch in 2019. Stéphane Le Guével, UK boss of the PSA Group, confirmed to Autocar last year the arrival of the B-segment SUV as the next model in DS’s brand offensive, which will include four SUVs. … Continue reading Electric DS 3 Crossback to be revealed at 2018 Paris motor show
Ford Mach 1 EV crossover to spearhead new era for car maker
Ford is pressing ahead with its first all-new battery electric vehicle, a front-drive crossover – and it is committed to the Mondeo in Europe until the mid-2020s, despite last month’s announcement that it is pulling out of the saloon and hatchback market in the US. The all-electric crossover, dubbed Mach 1 in reference to its Mustang-derived… Continue reading Ford Mach 1 EV crossover to spearhead new era for car maker
Ford readies all-new Mach 1 EV crossover, axes US cars
Ford is pressing ahead with its first all-new battery electric vehicle, a front-drive crossover – and it is committed to the Mondeo in Europe until the mid-2020s, despite last month’s announcement that it is pulling out of the saloon and hatchback market in the US. The all-electric crossover, dubbed Mach 1 in reference to its Mustang-derived… Continue reading Ford readies all-new Mach 1 EV crossover, axes US cars
Tesla needs to sell more expensive Model 3s so the company doesn’t ‘die,’ Musk says
Tesla CEO Elon Musk announced the final details of the dual-motor, all-wheel drive version of the Model 3 over the weekend, including a top-of-the-line variant that is more expensive than a base-level Model S or X. While we’ve known for a long time that these were coming, this is the most clarity Tesla’s offered yet… Continue reading Tesla needs to sell more expensive Model 3s so the company doesn’t ‘die,’ Musk says
Fiat Chrysler recalling 51K Jeep Cherokees because of fire risk
Fiat Chrysler Automobiles is recalling certain 2018 Jeep Cherokee SUVs because of a fire risk. (Photo: FCA US LLC) Fiat Chrysler Automobiles is recalling more than 51,000 of its 2018 Jeep Cherokees because of a fire risk. The company said it is unaware of any accidents or injuries related to the defect, involving fuel-supply tubes that… Continue reading Fiat Chrysler recalling 51K Jeep Cherokees because of fire risk
Aston Martin growth spurt continues with £43m profit in Q1
Aston Martin has announced pre-tax profits of £43.7 million in the first quarter of 2018, leading to the British marque being named “the world’s fastest growing auto brand” by consultancy firm, Brand Finance. The profit rise has been largely credited to the recently launched DB11 V8 Coupe and Volante models along with early interest in… Continue reading Aston Martin growth spurt continues with £43m profit in Q1
Aston Martin gears up for more growth ahead of possible flotation
LONDON (Reuters) – Luxury British carmaker Aston Martin remained in the black in the first quarter of 2018, although pretax profit fell due to a weaker dollar and investment on a series of model launches. FILE PHOTO: The Aston Martin Lagonda Vision Concept car is pictured during the 88th Geneva International Motor Show in Geneva,… Continue reading Aston Martin gears up for more growth ahead of possible flotation