Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Nissan and Honda said in March they were considering a strategic partnership to collaborate on producing electric vehicle components and artificial intelligence in automotive software platforms
Nissan and Mitsubishi denied the plan
Toyota Motor and Honda Motor will invest about 50 billion baht each, while Isuzu Motors will invest 30 billion baht and Mitsubishi Motors 20 billion baht, spokesperson Chai Wacharoke said
The transition from gasoline cars to cleaner vehicles had hit its line-up
German truck maker Daimler, Japan's top automaker Toyota and two other automakers said Tuesday they will work together on new technologies, including using hydrogen fuel, to help fight climate change. The companies said Mitsubishi Fuso Truck and Bus Corp., whose top stakeholder is Daimler Truck, and Hino Motors, the truck maker in the Toyota group, will merge. Daimler Truck and Toyota Motor Corp will equally invest in the holding company of the Mitsubishi-Hino merger, they said without giving a dollar amount for the deal. The companies plan to cooperate in reducing carbon emissions and developing other technologies such as autonomous driving, net-connected services and electric vehicles. This collaboration among our four companies is a partnership for creating the future of commercial vehicles in Japan and the future of a mobility society,' said Toyota Motor Corp. Chief Executive Koji Sato. The two truck companies will work on commercial vehicle development, procurement and produc
Nissan is looking to sell some or all its 34% stake in Mitsubishi, Bloomberg News reported, citing unidentified sources, a move that would reshape a three-way alliance that includes France's Renault
The Pajero was a legend in India even before it officially arrived because of the exposure it was given by consular officials, actors and industrialists
The Outlander, a permanent 4-wheel SUV, is claimed to go from standstill to 100 km/hours in 11.1 seconds
The recall set to begin on March 16, 2017, affects imported Pajero vehicles manufactured between Dec 6, 2007 and Dec 26, 2009
Ghosh said the synergy would help each of the alliance members to reduce the cost of operation, development
The scandal led to a suspension of sales for nearly 3 months, and prompted a slump in Mitsubishi's market value
Nissan last month threw a lifeline to Mitsubishi as it announced plans to buy a one-third stake in the crisis-hit automaker
The scandal prompted the automaker to restate past earnings, shake up management
It rigged test data to overstate fuel economy readings of 4 mini-vehicle models sold in Japan by up to 10%
It used fuel economy testing methods that did not comply with Japanese regulations for 25 years
The automaker formed a panel of three former prosecutors to investigate improper testing that goes back as far back as 1991
The automaker said a committee of external experts will be set up and it will report the results of its investigation in three months
Nissan, which has sold 4,50,000 of its Mitsubishi-made Dayz since 2013, said the manufacturer admitted intentionally falsifying data
On Wednesday, the company apologised for what it said was intentional falsification of mileage test data
If the stock trades at indicated price, they will lose a third of their value in two days and wipe $2.5 billion from the firm's market cap