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: Nissan
China slashes auto import tariffs in boost to BMW, Tesla
SHANGHAI/BEIJING (Reuters) – China will steeply cut import tariffs for automobiles and car parts, opening up greater access to the world’s largest auto market amid an easing of trade tensions with the United States. FILE PHOTO: Visitors pass by a booth with long wheelbase BMW X1 xDrive25Li displayed during the Auto China 2016 auto show… Continue reading China slashes auto import tariffs in boost to BMW, Tesla
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
Geely Electric Cars Use LG Chem Cloned Batteries
14 H BY MARK KANE Volvo, thanks to its parent company Geely, found a way to manufacture plug-in cars in China with LG Chem batteries and fully comply with Chinese requirements to use only approved battery suppliers. Volvo XC60 T8 Twin Engine Foreign battery manufacturers are not equally treated in China, even if they produce… Continue reading Geely Electric Cars Use LG Chem Cloned Batteries
Joseph Peter leaves the financial management of Nissan and replaces Hiroshi Karube
Posted 05/18/2018 11: 38: 22CET YOKOHAMA (JAPAN), May 18 (EUROPA PRESS) – Hiroshi Karube has been named new financial director of Nissan after the decision of Joseph Peter to leave the company, according to the Japanese brand in a statement. Karube, until now, worked as vice president and global head of Accounting and Asset Management… Continue reading Joseph Peter leaves the financial management of Nissan and replaces Hiroshi Karube
Nissan announces executive management changes
YOKOHAMA, Japan (May 18, 2018) – Nissan Motor Co., Ltd. today announced the following executive appointment, effective immediately. Hiroshi Karube, previously senior vice president, global controller (MC & global function), accounting, global asset management, is appointed chief financial officer. This follows the decision of the current CFO, Joseph Peter, to retire from the company. Karube… Continue reading Nissan announces executive management changes
Genesis boss: UK will be ‘main target’ in 2020 European launch
The UK will be the main target of Genesis when the marque is launched in Europe in 2020, according to brand boss Manfred Fitzgerald. Hyundai’s luxury arm launched as a brand in its own right in 2016, focusing on US and Asian markets but with the expectation that it would eventually arrive in Europe. However,… Continue reading Genesis boss: UK will be ‘main target’ in 2020 European launch
European Union lists safety features mandate for 2021
Twelve new safety features are to become mandatory on cars from 2021 onwards in the EU’s latest effort to cut road deaths. Currently, road deaths stand at 26,000 per year across the EU. The aim is to reduce this to 13,000 and halve the number of serious injuries by 2030. Since 2010, fatalities on EU roads have reduced by… Continue reading European Union lists safety features mandate for 2021
Exclusive: Intel’s Mobileye gets self-driving tech deal for 8 million cars
JERUSALEM (Reuters) – Mobileye, Intel Corp’s Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters. A general view of a Mobileye autonomous driving test vehicle, at the Mobileye headquarters in Jerusalem, May 15, 2018. Picture taken May 15,… Continue reading Exclusive: Intel’s Mobileye gets self-driving tech deal for 8 million cars