Mitsubishi Motors Chairman Osamu Masuko quits, citing health concerns

A Mitsubishi Motors logo is seen on display at the New York International Auto Show in New York City

Mitsubishi Motors Chairman Osamu Masuko is leaving his post due to health reasons, just as the Japanese automaker’s alliance with Nissan Motor and Renault is being shaken by declining profits. Chief Executive Officer Takao Kato will temporarily assume the role of chairman from Friday, Mitsubishi said in a statement. Masuko will continue to be a […]

Japanese automakers’ May global sales declined 38% due to coronavirus

Tokyo, Japan

Japanese automakers’ global sales dropped 38% in May, in the third straight month of big declines as most automotive factories and dealerships remained shut because of coronavirus lockdowns. The country’s seven major automakers sold about 1.47 million vehicles last month, dropping significantly from 2.38 million units a year ago, according to Reuters calculations based on […]

Nissan, Renault and Mitsubishi reportedly partners to draft deeper alliance in May

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

Nissan Motor, Renault SA and Mitsubishi Motors are going to draft plans for a deeper alliance next month, including joint development of more electric vehicles and autonomous technology, the Yomiuri daily reported. The three companies will include the projects in their mid-term business plans, the source said, without noting how it got the information. Among […]

Mitsubishi could take Renault stake in alliance reorganization

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

Mitsubishi Corp could possibly invest in Renault as part of scenarios being thought to reinforce an alliance between Renault, Nissan and Mitsubishi Motors, two sources knowledgeable with the issue said. French newspaper Les Echos reported previously on Thursday, mentioning an unnamed executive knowledgeable with the discussions and other unnamed sources, that Mitsubishi, a conglomerate with […]

Mitsubishi postpones factory resumption in China due to coronavirus

A Mitsubishi Motors logo is seen on display at the New York International Auto Show in New York City

Mitsubishi Motors is postponing the restart of its plant with Guangzhou Automobile Group located in Hunan province until 27 because of coronavirus outbreak, the Japanese automaker stated on Friday. It had previous planned to restart operations as early as February 17. Mitsubishi has also postponed the restart of its engine plant with Shenyang Aerospace in […]

Nissan, Renault, Mitsubishi agree to form new venture for R&D

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

The Nissan Motor, Renault and Mitsubishi Motors alliance has agreed to establish a new company focused on research and development of advanced automotive technologies, Kyodo News stated. The three companies will declare a solid plan in January, Kyodo reported on Sunday, citing people knowledgeable about the matter. The new venture also aims to strengthen the […]

Nissan, Renault, Mitsubishi Motors hold the first meeting of new management body in France

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

The new management body of Nissan Motor, Renault SA and Mitsubishi Motors held its first meeting Friday and started discussing ways to improve the alliance following multiple arrests of former Chairman Carlos Ghosn. Nissan CEO Hiroto Saikawa, Renault CEO Thierry Bollore and Mitsubishi Motors CEO Masuko Osamu participated in the meeting, which was chaired by […]

Renault in talks with Nissan and Mitsubishi over new alliance body

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

French automaker Renault stated on Monday that it was in talks with its partners Nissan and Mitsubishi in relation to a new alliance body for the three companies. “In response to latest press reports, Renault confirms that it is in discussions with its Alliance partners Nissan Motor and Mitsubishi Motor regarding the establishment of a […]

Carlos Ghosn received $9 million from Nissan-Mitsubishi JV

Carlos Ghosn Renault-Nissan

Carlos Ghosn inappropriately received $9 million in compensation from a joint venture (JV) between Nissan Motor and Mitsubishi Motors, the Japanese automakers stated on Friday, raising the possibility of their ousted chairman facing a fresh charge of embezzlement. In the recent twist to the saga of the once-feted official’s fall from grace, the automakers have […]

Nissan board reassures alliance with Renault and Mitsubishi

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

Nissan’s board remains committed to the automaker’s alliance with Renault and Mitsubishi Motors, it stated after directors met to talk about the ongoing investigation into former chairman Carlos Ghosn and ways to strengthen governance. A board statement after Thursday’s meeting included that it also decided on an interim process to figure out executive remuneration and […]

Mitsubishi says Nissan-Renault alliance is able to survive turmoil

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

A senior executive at Mitsubishi Motors stated on Tuesday its alliance with Nissan and Renault is able to survive management upheaval, a day following elimination of Carlos Ghosn as chairman over financial misconduct allegations. The future of the 19-year alliance, among the biggest automotive groups in the world, has been thrown into doubt following the […]

Mitsubishi Motors executive underlines significance of alliance with Nissan, Renault

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

A top executive at Mitsubishi Motors stated on Tuesday that the days of a single automaker being able to make new technologies on its own were going away, stressing the importance of its alliance with Nissan Motor and Renault. Mitsuhiko Yamashita, an executive vice president at Mitsubishi Motors who used to serve as Nissan’s top […]

Mitsubishi CEO says it is difficult to manage car alliance without Ghosn

Mitsubishi Mirage G4 images

The Renault, Nissan and Mitsubishi car alliance may be difficult to handle without the unifying figure of chairman Carlos Ghosn, who is police custody in Japan dealing with financial misconduct allegations, Mitsubishi Motors CEO Osamu Masuko stated on Tuesday. “I don’t think there is anyone else on Earth like Ghosn who could run Renault, Nissan […]