The Renault-Nissan-Mitsubishi alliance’s new venture capital fund has accepted five investments in four months amounting $50 million and will present another to its supervisory board in the upcoming week, the fund’s head stated. The alliance stated in January it was establishing the fund with strategies to invest about $1 billion over five years, the recent
The Renault-Nissan-Mitsubishi alliance stated it would accelerate the merging in between the three companies on how they work in crucial areas, as part of a broader plan to deliver cost savings and increase revenues. The alliance stated it would be planning to extend its convergence in the areas of buying, engineering, production and supply chains,
Mitsubishi Motors is checking how components from providers including Kobe Steel Ltd parts have been impacted by the steelmaker’s falsified information on product quality, the chief executive of the automaker stated on Wednesday. “The number of parts from suppliers which we’ve been informed have been impacted by the Kobe Steel issue has been increasing, and
Mitsubishi is introducing a brand-new Lancer trim that will act as a last encouragement for the sedan that is selling slowly. The 2017 Mitsubishi Lancer Limited Edition goes on sale later this month for $19,795. Slotting simply above the base ES 2.0, the Limited Edition includes black treatments to the 16-inch wheels, roofing system, upper
A complete merger of Japanese automakers Mitsubishi Motors and Nissan Motor is not on the table, Carlos Ghosn, chairman of both companies, said on Tuesday. “Complete merger is not on the table. We want Mitsubishi to reform itself,” stated Ghosn, who was attending the opening ceremony of a new Mitsubishi factory on the outskirts of
Mitsubishi Motors stated an extra four Nissan executives would join its management team as Nissan grips its control over the smaller automaker where it took a controlling stake in 2016. The statement is part of Mitsubishi Motor’s efforts to reconstruct its management system after it confessed in 2016 that it had overemphasized the mileage on
Mitsubishi and its new parent Nissan are studying joint production of pickup trucks in Southeast Asia as they try to find savings under the wider Renault-Nissan alliance, a senior executive informed Reuters. The Japanese groups could pool technical foundations and production of future replacements for the Thai-built Nissan Navara and Mitsubishi Triton, Mitsubishi Chief Operating
Nissan Motor, Renault and Mitsubishi Motors will integrate their electric vehicle platforms in an effort to cut costs down to levels similar to traditional fuel automobiles, the Nikkei paper noted. The method comes as car giants Volkswagen and Toyota Motor are also wanting to mass-produce battery electric vehicles in the middle of tightening emissions and
Carlos Ghosn, CEO of Nissan Motor and Renault, is set to get a 3rd wage after Nissan-controlled Mitsubishi Motors on Wednesday authorized the CEO as its chairman together with a tripling in compensation for board members. Shareholders enacted favor of raising the ceiling on combined yearly payment for Mitsubishi’s 11 internal and external directors to
Japanese car manufacturer Mitsubishi Motors Corp resumed domestic sales of eight automobile models on October 1. The company stated to resume the production on Friday, after correcting overstated mileage readings in its second unfaithful scandal this year. Japan’s sixth biggest automaker has actually confessed falsified the mileage on 12 models, consisting of the Pajero and
Mitsubishi Motors is recalling 47,800 L200 pickup models in Russia to repair potential air bag problems, Russia’s Standard Agency stated on Wednesday, citing the automaker’s supplier. MMC Rus, the car dealership, is recalling automobiles sold from February 2007 and February 2016, the Russian watchdog stated in a declaration.
With the debate surrounding the company’s fuel performance figures in its home country Japan, possibly it’s not surprising that for the upcoming Mondial de l’Automobile Mitsubishi will be focusing on its all-electric and hybrid powertrain technology. Of the four brand-new designs that will make up the star attractions on Mitsubishi‘s stand, the GT-PHEV Concept will
The transport ministry on Thursday released a 2nd reprimand to Mitsubishi Motors for car mileage information fraud after it discovered the company continued to manipulate figures after admitting to the practice in April. The ministry stated it once again discovered a lack of legal compliance and inadequate governance at the business, calling the scenario “abnormal”.
The Mitsubishi fuel-economy scandal continues to explode. The latest news is that the automaker’s home office (along with a manufacturing plant) in Nagoya were raided by the Japanese Transport Ministry at the end of week. The Japanese government appears intent to cut this thing off if possible, making an instance of the company and its
Mitsubishi Motors overstated the fuel economy on 8 of its automobile models, along with 4 others the embattled Japanese automaker admitted to previously this year, the Nikkei paper reported on Tuesday. Japan’s transportation ministry, which had actually been investigating the fuel economy on Mitsubishi models including the Pajero SUV, would report its findings as early