Tag: Honda

German Manager Magazin: Honda apparently wants to talk about fusion again when the Nissan boss GET003973

The Japanese car maker Honda Will After failing the intended merger with Nissan Apparently resume the talks under certain conditions. As the “Financial Times  “(FT) reported on Tuesday, citing an insider, Honda demands the resignation of Nissan boss Makoto Uchida (58) so that the merger talks can be resumed. Honda said that the things that… Continue reading German Manager Magazin: Honda apparently wants to talk about fusion again when the Nissan boss GET003973

Honda open to re-entering Nissan talks if Japanese rival’s chief leaves

$75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT… Continue reading Honda open to re-entering Nissan talks if Japanese rival’s chief leaves

Kinetic Engineering Appoints Vinayak Shevade as CFO Amid Rs 177 Crore Growth Push

Kinetic Engineering Limited (KEL) has appointed Vinayak Shevade as its Chief Financial Officer, effective February 17, 2025. Shevade, who brings over 30 years of financial management experience, will oversee the company’s financial operations and strategy implementation. The appointment comes as KEL embarks on a Rs 177 crore investment plan focused on working capital enhancement, manufacturing… Continue reading Kinetic Engineering Appoints Vinayak Shevade as CFO Amid Rs 177 Crore Growth Push

Car sales fall 14%, SUVs rise 12% in first 10 months of FY2025

Of the total estimated wholesales of 3.53 million passenger vehicles in the past 10 months of FY2025, up 2% YoY (April 2023-January 2024: 34,76,319 units), the share of passenger cars is now down to 31% compared to 37% a year ago. In the first 10 months of FY2025, an estimated 11,13,905 cars have been sold,… Continue reading Car sales fall 14%, SUVs rise 12% in first 10 months of FY2025

Trump tariffs fuel US auto anxiety

The long lead-time in the auto industry means the cars resulting from current investment decisions may not hit the market for four or five years. A flood of presidential trade policy announcements has kept US automakers on edge since Donald Trump returned to the White House last month. While some signature threats — like 25%… Continue reading Trump tariffs fuel US auto anxiety

Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs

(Bloomberg) — Chinese automakers captured their smallest share of Europe’s electric-vehicle market in eight months, after new tariffs added as much as 35% to the cost of importing cars to the region. Most Read from Bloomberg Manufacturers such as BYD Co. and SAIC Motor Corp.’s MG accounted for 7.4% of EV registrations across Europe in… Continue reading Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs

Dongfeng Motor shares surge as restructuring plans prompt merger speculation

HONG KONG (Reuters) -Shares of Dongfeng Motor soared as much as 85.8% in Hong Kong on Monday after the Chinese automaker said its parent was planning a restructuring, stoking speculation that some of the state-owned players could be merged as competition grows. The stock jumped to HK$6, its highest since July 2022, shortly after the… Continue reading Dongfeng Motor shares surge as restructuring plans prompt merger speculation

Nissan to start producing EVs for Dongfeng Motor by year-end, Nikkei reports

TOKYO (Reuters) -Nissan Motor will produce electric vehicles for its Chinese joint-venture partner Dongfeng Motor at its Wuhan factory by year-end, the Nikkei newspaper reported on Tuesday, a sign of pressure on the automaker’s China business. By producing EVs for Dongfeng, Nissan aims to reduce fixed costs and increase the operating rate of the factory,… Continue reading Nissan to start producing EVs for Dongfeng Motor by year-end, Nikkei reports

Electric vehicles: China’s GAC Aion shifts up a gear in Hong Kong with ambitious sales target, new models in pipeline

Chinese state-owned carmaker Guangzhou Automobile Group (GAC) said it plans to intensify its push into Hong Kong’s electric vehicle market by setting itself an ambitious target of 4,000 sales in the city by the end of this year. GAC Aion, the electric vehicle (EV) unit of GAC, the Chinese partner of Toyota and Honda, aims… Continue reading Electric vehicles: China’s GAC Aion shifts up a gear in Hong Kong with ambitious sales target, new models in pipeline