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...Nissan last month announced £2bn of spending on new models and a battery factory, while BMW has pledged £600mn to build electric Minis at its Oxford plant....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...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....
...Q2, Handelsbanken FY, Hilton Worldwide Holdings Q4, Mattel Q4, News Corp Q2, The New York Times Company Q4, Nippon Steel Q3, Ørsted FY, Pandora Q4, Securitas FY, Smurfit Kappa FY, Suzuki Motor Q3, TotalEnergies...
...After a 5 per cent gain on Friday, Nissan’s share price is up by nearly a third this year. Toyota and Honda joined in the rally....
...Last week, Germany’s Volkswagen blamed a sales drop in China for its reduced global delivery forecast for the year, while Nissan also cut its annual vehicle sales target for the same reason....
...Peers Honda and Nissan have also posted weak sales in China lately. Mitsubishi Motors suspended its China operations this month....
...Nissan and Honda have their own programmes....
...In the spring of 2019, I was in Shanghai to cover the biannual motor show. I will never forget the words of a Nissan engineer who had just announced a new electric vehicle for the Chinese market....
...Nissan has already unveiled a prototype battery facility in Japan as it works to produce a vehicle using the technology in 2028, a year after Toyota’s latest target....
...Honda also reported a 19 per cent fall and sales at Nissan were down 25 per cent. The slowdown was accelerated by the removal of Beijing’s generous tax cuts on combustion engine cars in December....
...The 61-year-old Seki was a vice chief operating officer at Nissan before joining Nidec, the world’s biggest electric motor maker....
...The two are renegotiating their equity ties, in which Renault owns 43 per cent of Nissan but Nissan has just a 15 per cent stake in Renault, adding uncertainty....
...FY, ING Q1, ITV Q1 trading update, News Corp Q3, Nissan Motor Q4, Pirelli Q1, Rolls-Royce AGM and trading update, RWE Q1, SoftBank FY Friday The former head of Argentine sports marketing company Torneos...
...Toyota for years delayed a large-scale rollout of electric cars to compete with offerings from Tesla, industry incumbents such as Nissan and Volkswagen, and emerging EV manufacturers in China....
...Mitsubishi Motors is set to reverse its decision to withdraw from Europe and build cars in France after months of pressure from Renault and Nissan, in a sign of fresh rifts within the alliance....
...Gupta responded that Nissan wants to “boost the industry by competing while co-operating”....
..., British American Tobacco FY, Compass Group Q1 update, Crédit Agricole FY, Credit Suisse Q4, Deutsche Börse Q4, Enel FY, Equifax Q4, Expedia Q4, Kellogg Q4, L’Oréal FY, Mediobanca H1, Nippon Steel Q3, Nissan...
...Nissan has also revealed plans to let Japanese drivers rent its EVs instead of buying them....
...Nidec’s succession nightmare Nidec, one of the largest electric motor makers in the world, announced that its president and chief operating officer Jun Seki — who was headhunted from Nissan Motor in 2020...
...Both Nissan and Mitsubishi have developed ultra-small electric cars priced under ¥1.5mn ($11,000) after subsidies....
...Motor Corp H1, Tata Motors Q2, Taylor Wimpey trading update, Veolia Q3 Thursday Brazil, October IPCA inflation rate data Japan, October PPI inflation rate data Philippines, Q3 GDP figures UK, RICS...
...The central strut of Kelly’s defence has been that, since there did not exist a signed, legally enforceable contract requiring Nissan to pay Ghosn the disputed Y9.3bn ($82mn), Nissan had no obligation to...
...The three biggest makers, Toyota, Nissan and Honda, have managed to meet profit expectations despite slashing output. It will not last....
...Mitsubishi Motors will reinforce its presence in Europe with two models, among them the ASX, based on Renault’s bestsellers....
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