Japanese automakers Honda and Nissan are discussing a possible merger, in a bid to share costs and help themselves compete in a fast-changing and increasingly competitive industry. But a merger, even of two companies from the same country, is no guarantee of success, and the history of automotive deals is littered with failures and disappointments.Combining … Read more
Nissan Magnite | Photo Credit: Special Arrangement Manufactured at Nissan’s Alliance plant in Chennai, the Magnite is poised to extend its global footprint, as the company plans to export the vehicle to over 65 international markets and has also introduced a left-hand drive version to cater to those markets. Design-wise, the Magnite builds on its … Read more
French automaker Renault and Japanese partner Nissan officially launched their “rebalanced” alliance on Wednesday as they seek to reset a rocky 24-year-old partnership. The companies announced an agreement in February to put their partnership, which also includes Japanese automaker Mitsubishi, on an equal footing, with Renault giving up its dominant position. “After having obtained all … Read more
France’s Renault has cut its stake in Nissan to 15% from about 43% by placing 28.4% of the Japanese automaker in a French trust, the alliance partners said in a statement, putting them on equal footing of cross-ownership. The new agreement for the restructured alliance between Renault, Nissan and junior partner Mitsubishi Motors came into … Read more
Mitsubishi has revealed their new XFC SUV concept, which is a preview of the carmaker’s future Creta rival. Set to be showcased at the upcoming Vietnam Motor Show 2022, this new SUV will go on sale in the Vietnamese market first, followed by other ASEAN regions where the Hyundai Creta is gaining popularity. The production-spec … Read more
Carlos Ghosn, the former auto industry superstar whose career screeched to a halt with his arrest three years ago, isn’t about to settle into quiet retirement. The former head of the Nissan-Renault alliance fled to Lebanon in late 2019, while out on bail facing financial misconduct charges in Japan. In a recent interview with The … Read more
TOKYO: apan’s two biggest automakers, Toyota and Nissan, will ask Britain to reimburse them for additional custom charges incurred if the UK government fails to reach a Brexit trade deal with the European Union, the Nikkei financial daily reported on Monday. The companies – Toyota Motor Corp and Nissan Motor Co Ltd – want payments … Read more