By Julie Zhu 4 Min Read (Reuters) – FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd for about $7.2 billion in a two-stage deal that would see BMW’s main Chinese partner taken private, two people with direct knowledge of the matter told Reuters. FILE PHOTO: A man and a child look at… Continue reading Exclusive: China’s FAW considers acquiring BMW partner Brilliance for about $7.2 billion – sources
Tag: Renault
Mitsubishi Motors slows pandemic slide as Southeast Asia recovers
TOKYO — Mitsubishi Motors upgraded its full-year earnings guidance Tuesday thanks to a recovery in the Southeast Asian market and shrinking overhead costs, putting the company on course to potentially return to the black in fiscal 2021. The Japanese automaker now projects a 330 billion yen ($3.14 billion) net loss for the year ending March. The figure represents an upgrade of… Continue reading Mitsubishi Motors slows pandemic slide as Southeast Asia recovers
New Magnite brings the buzz back in Nissan showrooms
Nissan Motor India, which has little to show in terms of passenger vehicle market share, has reasons for cheer with its latest offering in the compact SUV space – Nissan Magnite – drawing huge consumer interest. The budget-friendly crossover, which undercuts rivals by as much as Rs 190,000, ex-showroom, is seeing customers queuing for this… Continue reading New Magnite brings the buzz back in Nissan showrooms
From trusted Ghosn adviser to nemesis: High-powered Nissan executive Hari Nada’s great escape
Thanks in his ruthless corporate knife-fighting skills, Nada allowed himself to deftly transform from trusted Ghosn adviser to nemesis. TOKYO: It was the fall of 2018, and Hari Nada, a high-powered Nissan executive, was afraid he might be headed to jail. Japanese prosecutors, Nada wrote in a note, were “seriously considering a criminal charge” against… Continue reading From trusted Ghosn adviser to nemesis: High-powered Nissan executive Hari Nada’s great escape
Chinese carbuyers help Jaguar Land Rover outpace UK lockdowns
Jaguar Land Rover staged a recovery in the final three months of 2020, as the growth of car sales in China made up for the UK’s continued lockdowns and its setting aside of £35m to pay fines for missing carbon dioxide emissions targets. The carmaker made pre-tax profits of £439m in the last quarter of… Continue reading Chinese carbuyers help Jaguar Land Rover outpace UK lockdowns
@Daimler: Personnel changes in the Mercedes-Benz Trucks production network: Sven Gräble takes over from Gerald Jank
Sven Gräble will take over as Head of Mercedes-Benz Trucks Operations at Daimler Truck AG and will thus be responsible for the global production network of Mercedes-Benz Trucks. In this role, he succeeds Gerald Jank, who will retire on January 31, 2021, after more than 32 years with the company. In the global production network… Continue reading @Daimler: Personnel changes in the Mercedes-Benz Trucks production network: Sven Gräble takes over from Gerald Jank
@niche: Electric Car Wars: Who Will Come Out on Top?000494
Electric vehicle stocks have been on fire this past year, outperforming every other sector in the market. The sector’s favorite benchmark–Global X Autonomous & Electric Vehicles ETF (DRIV)–has climbed 75.3% over the past 12 months and is already up 13.6% YTD, managing to even outperform the red-hot biotech sector as the Covid-19 vaccine rollout gets… Continue reading @niche: Electric Car Wars: Who Will Come Out on Top?000494
TSMC puts auto chip output in fast lane to ease global crunch
TAIPEI — Taiwan Semiconductor Manufacturing Co. is to fast-track crucial chips for cars in a dramatic move by the world’s biggest contract chipmaker to ease a semiconductor shortage that is crippling the global automotive industry, Nikkei Asia has learned. TSMC expects to bring in so-called “super hot runs” for automotive chips to cut production cycle… Continue reading TSMC puts auto chip output in fast lane to ease global crunch
New 2022 Toyota Aygo gears up for launch in winter tests
A production-ready prototype for Toyota‘s new-generation Aygo has been winter testing ahead of the model’s expected unveiling around the end of this year. New images give a much clearer idea of what to expect from Toyota’s reborn city car, and suggest that the Aygo is in an advanced stage of testing. Familiar Aygo design cues include slim… Continue reading New 2022 Toyota Aygo gears up for launch in winter tests
UK car industry needs “significant investment”, says SMMT
It would be “really tough” and require “significant investment” for the UK to return to its recent high point of 1.7 million cars built annually. That’s according to the Society of Motor Manufacturers and Traders (SMMT) boss Mike Hawes, who announced that UK car production in 2020 fell below one million units, to 920,928, the lowest level… Continue reading UK car industry needs “significant investment”, says SMMT