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 Motors
Mitsubishi postpones factory resumption in China due to coronavirus
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 […]
Renault again proposed merging with Nissan
Renault SA has once again proposed a merger with Nissan Motor, according to a source knowledgeable with the matter, a move that could fire up a feud within the alliance just as its current management is starting to operate following the removal of Carlos Ghosn. Nissan declined the proposal made in mid-April, the source stated. […]
Mitsubishi says Nissan-Renault alliance is able to survive turmoil
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
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 […]
‘Zero’ chance of Renault taking over Nissan, Mitsubishi, says CEO Ghosn
Renault SA absorbing Nissan Motor and Mitsubishi Motors is not an alternative as the automakers seek to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn stated on Friday. “Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault has no chance of getting a result,” Ghosn informed shareholders […]
Subaru investigates probable mileage cheating, shares fall
Subaru Corp already smarting from a vehicle evaluation scandal in Japan, stated it was now examining whether mileage readings may have also been falsified during final checks, leading its shares down around 8 percent. Mileage readings, an indication of fuel performance, do not fall under safety requirements. However, any evidence of what would be a […]
Mitsubishi evaluating how Kobe Steel parts impacted by false data
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 […]
Carlos Ghosn wants Mitsubishi Motors to reform, dismisses Nissan merger
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 […]
Nissan Motors increases management presence at Mitsubishi Motors
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 […]
Carlos Ghosn confirmed as Mitsubishi chairman
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 […]
Toyota and Suzuki explore technology collaboration
Japan’s Toyota and Suzuki said they intend to explore a possible partnership, pointing out technical obstacles and the demand to keep up with consolidation in the worldwide vehicle sector. Toyota invests greatly in research and development (R&D) for automated driving features as well as artificial intelligence for mobility objectives while cost-conscious Suzuki, which concentrates on […]
Mitsubishi Motors resumes sales after cheating scandal
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 recalling 47,800 L200 cars in Russia
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.
Mitsubishi Motors overstated fuel economy on eight other models
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 […]
