On Friday, Japan’s Nikkei reported Nissan Motor Co along with its China-based battery maker partner Envision AESC group will build new battery plants for electric vehicles in Japan and in the United Kingdom; the duo are set to invest more than $1.82 billion (200 billion yen) to this end. The new plants are scheduled to…
On Wednesday, Bloomberg reported that Nissan Motor Co plans on undertaking an annual $2.8 billion fixed costs restructuring as it braces for a drop in sales, which could complicate its recovery from years of poor profitability. Following 3 years of poor profits, Nissan is set to announce its restructuring plan on May 28. It is…
On Tuesday, Nissan Motor Co stated, it would temporarily shutter its operations, including its global headquarter and other facilities in Japan, through early May. The step is aimed at containing the spread of the coronavirus at its facilities. Nissan Motor said, it would reduce its operations to minimum level at its head office in Yokohama…
According to a report from Japan’s Kyodo News, Renault SA, Nissan Motor Co and Mitsubishi Motors Corp have agreed to form a new company focused on research and development of advanced automotive technologies. The trio’s new alliance will announce concrete plans in January 2020, reported Kyodo citing sources familiar with the matter. This new strategic…
Toyota’s move is aimed at tapping soaring demand for cars in Myanmar. On Thursday, Toyota Motor Corp stated it would open a manufacturing facility in Myanmar which will produce Hilux pick-up trucks from 2021. The automaker plans on assembling the trucks locally following soaring demand for cars in the emerging nation. The newly built plant…
With the Tokyo Motor Show opening to the media on Wednesday, Nissan Motor Co said the response to its new Leaf EV has been overwhelming in Japan. On Wednesday, a senior executive of Nissan Motor Co stated, the company has received more than 9,000 orders for its new Leaf electric-vehicle (EV) model in Japan. As…
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