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...Renesas, which is one of the leading suppliers of chips to the world’s car industry, including Japan’s Toyota and Nissan, has been pushing to diversify and add scale in the aftermath of supply chain stresses...
...The alliance also includes smaller partner Mitsubishi Motors....
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
...Nissan chief executive Makoto Uchida is blunt on the need for new partners, although the company insists its alliance with Renault and Mitsubishi Motors will not be unwound....
...Also, it will be a busy week for carmakers — notably Nissan, Toyota and Ford — and (yet more) tech — Alibaba, Arm, Spotify and Uber. More details below....
...Sales of Japanese cars in the country have tumbled, with Nissan’s alliance partner Mitsubishi Motors recently forced to suspend production....
...But the decision may mean that alliance partners Nissan and Mitsubishi may now not invest in the unit, finance chief Thierry Piéton said....
...Sales of Japanese cars have been hit hard in China because of the slow EV rollout and a price war sparked by Elon Musk’s Tesla, forcing another Nissan alliance partner Mitsubishi Motors to suspend production...
...Peers Honda and Nissan have also posted weak sales in China lately. Mitsubishi Motors suspended its China operations this month....
...Škoda Auto Volkswagen’s share remained flat at 2.46 per cent during the period. Nissan and Renault’s combined annual capacity stands at about 500,000 units....
...Takao Kato, chief executive of Mitsubishi Motors, which joined the alliance in 2016, said it was considering investing in Ampere....
...While it wasn’t the first electric vehicle (EV) to cross over into the mass market – the Nissan Leaf pipped it to the post – it was a game-changing car that suggested an all-electric future was imminent...
...There are numerous obstacles to agreement, but the most likely alternative is that the alliance falls apart just when both companies — along with the third alliance partner Mitsubishi — need it more than...
...Greenback agents suspected the man, 46-year-old Isaac Kattan, was a major money launderer. But Kattan didn’t strike Bulas as a drug guy....
...after pleading guilty in the first insider trading case involving cryptocurrency Results: Airbnb Q1, Allbirds Q1, BuzzFeed Q1, Direct Line Q1 trading update, Duke Energy Q1, Electronic Arts Q4, Fox Q3, Mitsubishi...
...Rivian founder and chief executive RJ Scaringe chose Normal for its first factory, buying a former Mitsubishi car plant weeks away from demolition for $16mn in 2017....
...WeRide, an autonomous driving start-up, raised $310m from investors including the Renault-Nissan-Mitsubishi Alliance in June....
...Renault, Nissan and Mitsubishi have unveiled a €23bn electric car plan that will produce dozens of battery-powered models and deepen collaboration between the members of the often-troubled alliance....
...Mitsubishi Chemical appointed a Belgian as chief last year, while Christophe Weber, a Frenchman, has headed pharmaceutical group Takeda since 2015. But their record is mixed....
...This year, it acquired real estate manager Mitsubishi Corp-UBS Realty for $2bn....
...Renault, Nissan and Mitsubishi have unveiled a €23bn electric car plan that will produce dozens of new battery-powered models with the aim of ending the infighting “crisis” that has crippled the alliance...
...More than a decade ago, Nissan and Mitsubishi were among the first to launch affordable battery electric cars: the Nissan Leaf and the Mitsubishi i-MiEV....
...Honda will spend ¥43bn ($301mn) in 2024 at one of its research centres to operate a pilot production line, while Nissan says it plans to mass-produce the batteries by 2028....
...Both Nissan and Mitsubishi have developed ultra-small electric cars priced under ¥1.5mn ($11,000) after subsidies....
...Mitsubishi Motors....
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