QOTD: Will Foxconn Make Fisker's PEARs?
Foxconn, also known as Hon Hai Technology Group, announced that it signed a development and manufacturing agreement with Fisker. Foxconn is one of the world’s largest electronics manufacturers and the producer of Apple’s iPhone.
Hyundai Motor Group Invests a Boatload in the US
Hyundai Motor Group, makers of Hyundai and Kia autos, announced today their intent to invest $7.4 billion in the US by 2025. Electric vehicles, production facilities, and smart mobility is where the money will go.
2022 Subaru Solterra ESUV Proclaimed
In 2022, the Subaru Solterra electric SUV will go on sale. Another Subaru-Toyota joint venture, it’ll roll on the new e-Subaru global platform.
Toyota Subsidiary Woven Acquires Lyft Autonomous Division
Toyota’s Woven Planet Holdings has acquired Level 5, Lyft’s self-driving unit. Woven Planet’s deal brings scientists, software engineers, and researchers together as one.
Ermenegildo Zegna Teams With Stellantis
Today, the Ermenegildo Zegna Group announced its affiliation with Stellantis. By 2025, the Zegna Group’s entire fleet of 200 will go green. A new green-car policy has gone into effect at the company, well known for its pricy clothing and accessories.
Biden to Slash U.S. Fossil Fuel Emissions 52 Percent by 2030
Today President Joe Biden committed to cutting U.S. fossil fuel emissions up to 52 percent by 2030. His statement came during a virtual climate change summit with 40 world leaders.
2023 Vantas VX SUV and T-Go Coming to the U.S.
The Vantas VX SUV will go on sale in the U.S. in late 2022. HAAH Automotive Holdings and Sicar announced yesterday that they will import Vantas and T-Go vehicles. This is a prelude to HAAH and Shanghai Sicar Automotive Technology manufacturing vehicles stateside. The COVID-19 pandemic delayed their U.S. manufacturing startup.
Advance Auto Parts Grows Its Presence in California
Advance Auto Parts announced today that they are leasing the retail space of 109 Pep Boys stores in California, for conversion into Advance Auto Parts stores in the next 9-12 months. The agreement between Advance and Pep Boys, which was signed earlier this month, does not include any Pep Boys Service Centers.
California Wins the Gas War, Fickle Automotive Coalition Realigns Position
The Coalition for Sustainable Automotive Regulation (CSAR) is officially withdrawing from a lawsuit between California and federal authorities over the coastal state’s ability to establish its own emissions standards. California leadership had vowed to ignore the Trump administration’s proposed rollback and began making binding side deals with automakers (specifically BMW, Ford, Volkswagen, Volvo, and Honda) committed to adhering to the aggressive limits established under President Obama. Unfortunately, this ran the risk of undermining the revised national standards penned shortly after the United States became energy independent. It also set up the CSAR to embrace any entity that had views conflicting with California Air Resources Board.
Federal concerns were that the Golden State setting its own targets would butt heads with the relaxed national benchmarks and ultimately divide the U.S. market and may even influence the types of vehicles that were manufactured for all of North America. But the issue became moot once President Biden broke the record for executive orders by signing 22 in his first week. Predictably, the brunt of these were designed to instantly undo any actions taken throughout the duration of the Trump administration and included one directing the Department of Transportation and EPA to reconsider the 2019 decision to remove California’s authority to limit tailpipe emissions by April and revise the fuel-efficiency standards for automobiles by summer.
Carlos Ghosn to Be Flambed by the French
Carlos Ghosn, Renault-Nissan’s former head honcho, will be questioned by investigators in Beirut next month, according to a report from Reuters that appeared in Autoblog. This time it’s not the Japanese applying the pressure, it’s the French.
Mike Manley FCA CEO to Head Americas for Stellantis
Mike Manley will head Americas operations for Stellantis, as FCA chairman John Elkann said in a letter to employees today.
BMW and Mercedes-Benz: The Next Automakers to Buddy Up?
Cooperation is commonplace among automakers. Chrysler has worked with, or been purchased by, just about everyone at this point, but it’s far from the only manufacturer to get chummy with a rival company. Ford and Volkswagen are busy discussing their future together and Toyota tapped other brands to help it co-develop performance models like the 86 and Supra.
Despite their longstanding and occasionally bitter rivalry, Mercedes-Benz and BMW could be the next duo to cozy up to one another. According to German outlet Handelsblatt, BMW chairman Harald Krüger and Daimler management board member Ola Källenius are currently examining the possibility of an automotive alliance.
Ford and Volkswagen Announce Alliance; Joint Pickup Project Is a Go
Months of speculation and rumors came to an end in Detroit Tuesday, as auto giants Ford Motor Company and Volkswagen Group officially announced they will take their relationship to the next level.
After signing a Memorandum of Understanding last year, initially to explore joint commercial vehicle production, the two automakers now say their pact will birth a midsize pickup truck for global markets. Volkswagen Ranger, anyone?
Ford and Volkswagen Might Make NAIAS Their Big Coming-out Party
Ford and Volkswagen, two auto giants who spent much of 2018 making eyes at each other and playfully batting away rumors (and sparking a few of their own), might lay their relationship bare in Detroit next week.
The two automakers have already signed a Memorandum of Understanding, partnering initially with the aim of developing joint light commercial vehicles. But that was just the start. Over the course of the past year, this partnership grew to include pickup swaps, electric vehicle platform sharing, joint U.S. plants, and God knows what else — at least according to rumors. Both companies made it clear something big was brewing, but always fell back to a “we’re just talking” line.
Now, it looks like we have a time and place for the announcement.
Daimler and BMW Looking to Take the Relationship Further: Report
Despite representing one of the great automotive rivalries, Daimler and BMW aren’t immune from the need to seek out cost savings in a rapidly evolving landscape. The two automakers have already teamed up on matters like components purchasing, and last year combined their respective car-sharing ventures.
However, sources close to the companies claim Daimler and Bimmer want to take it further, potentially sharing vehicle platforms and electric vehicle batteries.
A New Alliance? Volkswagen and Ford In Talks to Share U.S. Plants
Months of speculation fueled by the increasingly chummy relationship between Ford and Volkswagen has given way to new possibilities. The two partners, who signed a Memorandum of Understanding earlier this year, might leap further into bed than initially thought.
To hear VW CEO Herbert Diess tell it, the two automakers might soon share American assembly space. And can Tennessee expect a new plant? It’s on the table.
Ford Cautious but Optimistic Ahead of Key Volkswagen Meeting
Volkswagen’s supervisory board meets Friday to discuss how to handle the next decade of vehicle development, with CEO Herbert Diess expected to present a strategy that includes Ford as a key partner. The two automakers already have a Memorandum of Understanding with an eye on commercial vehicles, but VW could take the relationship further. Much further.
Ford’s Jim Hackett admits the talks are going well, but the CEO isn’t about to leap into bed without taking precautions.
Volkswagen and Ford Move Closer to an Agreement on Autonomy, Electrification, Assembly
Volkswagen AG and Ford Motor Co. continue to become more chummy with each passing day. They may even be on the cusp of sittin’ in a tree, K-I-S-S-I-N-G.
After signing a Memorandum of Understanding in June, executives are now hinting at widespread collaboration. Ford wants help in Europe and Latin America, areas awash in a sea of red. Volkswagen wants a piece of Ford’s self-driving technology, while the pair would work together on electric vehicles, according to recent reports. It’s worth noting that Ford, which has proven more open in discussing the matter, previously said nothing would be off the table if the two joined forces.
The most recent update concerns VW’s proposed investment in Ford’s self-driving partner, Argo AI. While both companies are dead set on a future of “electro mobility,” both fall short in critical areas.
'As Quickly As Possible': Volkswagen Partnership Seen As Key to Ford's Overseas Hopes
Ford Motor Company is engaged in hurried discussions with Volkswagen, with the German automaker seen as a sure-fire way to reverse falling fortunes in overseas markets. Ford needs help in Europe and Latin America, especially — a situation made clear in Thursday’s quarterly earnings report.
Since signing a Memorandum of Understanding with VW in June, the scope of Ford’s partnership has expanded from its initial focus on commercial vehicles. There was already room in the MOU’s wording for the two companies to go further. Now, it looks almost certain that passenger vehicles will become part of the plan.
Ford and Volkswagen Team Up, Trucks and Vans Could Follow
Ford Motor Company and Volkswagen AG seem to be on the verge of a relationship that could yield jointly developed products aimed at the commercial sector. It’s looking a lot like the rumored FCA/VW partnership we reported on last year, only that date ended with cold showers.
Late Tuesday, Ford and VW issued a joint statement announcing the signing of a Memorandum of Understanding (MOU) between the two automakers. This “potential alliance” might lead to the conception of any number of vehicles.
Grabbing the Future: Toyota Drops a Billion Into Ride-hailing Company
Not wanting to be left out of the alternative revenue streams party, Toyota Motor Corporation has invested $1 billion into a Singapore-based ride-hailing and ride sharing company you’ve probably never heard of.
Grab Holdings Inc., known to consumers simply as Grab, offers numerous car-based transportation options and services in Southeast Asia. Don’t have a car? Borrow one from Grab. Hail one operated by Grab.
In the future, it seems likely that car will be a Toyota.
Ford and Mahindra Hop Deeper Into Bed; Joint SUVs Planned
China got a headstart in the “countries with over a billion people who suddenly love owning a car” race, but India’s trying its best to catch up.
With a growing pool of consumers ready and willing to hand over cash for a car, Ford Motor Company knows partnering with a local company that knows the lay of the land is a speedier and cheaper route to profits, so last year it formed an alliance with Mahindra Group. You know Mahindra — the company currently building a retro Jeep-shaped ATV for nostalgic Americans.
This week, the two companies further consummated their bond by signing off on the joint development of SUVs.
Ghosn Promises to Make Nissan-Renault Alliance 'Irreversible'
Carlos Ghosn is pledging to solidify the alliance between Renault, Nissan, and Mitsubishi Motors after agreeing to stay on as the French automaker’s chairman and CEO for the next four years. He also announced the companies will take the next few weeks to develop a plan to “make the alliance irreversible.”
While we’d love to hear about an automotive blood pact or — better still — a strategy to clone Ghosn for the next hundred years, the final plan will probably be a little more mundane. But, according to the chairman’s Friday announcement, it will not include a merger — at least not until the French government gets out of the way.
The Future Looks Swedish? Volvo Inks a Deal to Supply Uber's Driverless Dreams
Building on a strategic partnership announced in August last year, Volvo has signed a framework agreement with Uber to sell “tens of thousands” of autonomous driving compatible base vehicles between 2019 and 2021.
While reading the report, it was important for this author to keep in mind the challenge in affixing an actual definition to the words autonomous driving. There have been shouty voices in various parts of the internet disputing the terms autonomous, Autopilot, and self-driving. There is merit to these arguments.
Nevertheless, Volvo is working with Uber to create technology that will allow vehicles to move about without a driver providing input 100 percent of the time.
Fiat Chrysler to Guangzhou: Swipe Right
Seven years ago, Fiat Chrysler Automobiles and China’s Guangzhou Automobile Group entered into a joint venture, forming a 50/50 partnership between the companies. Currently selling three locally produced Jeep models – the Cherokee, Renegade, and Compass – the JV also imports the Grand Cherokee and Wrangler. Last year, sales tripled to nearly 150,000 units.
Now, according to Automotive News, the parent companies are in discussions to deepen their tie-up in China. Talks are apparently focusing on models, production, and sales targets.
Mitsubishi's Future: Go Big on SUVs, but a Sedan and Pickup Remains a Possibility
It’s hard to go anywhere without hearing it. Co-workers whispering at the water cooler, long waits at the drive-thru window while the staff argues amongst itself. It’s hard to get a word in edgewise.
People are talking about Mitsubishi.
If you’ve called #fakenews on this, well, you’re right. But that isn’t to say no one’s talking about the down-on-its-luck automaker, which recently saw salvation at the hands of the Nissan-Renault Alliance. There’s more vehicles coming to the threadbare brand and, while the company’s focus remains on lucrative SUVs, that doesn’t mean Mitsubishi won’t flesh out the lineup with something traditional.
Any Electric Mazda Will Actually Be a Toyota
Of all automakers, no company holds out hope for the gasoline engine’s longevity quite like Mazda. Not only does Mazda anticipate many decades of continued hydrocarbon-fueled driving, it’s also ensuring gas stays viable by inventing a new Skyactiv engine that (supposedly) uses much less of it. That motor, a first-of-its-kind gas compression ignition four-cylinder, debuts in 2019.
For now, Mazda’s North American lineup remains pure in terms of propulsion. The promised CX-5 diesel is taking its sweet time showing up, and neither a hybrid or EV can be found among the model ranks. That will soon change, but given Mazda’s size and finances, it won’t be a Mazda platform underpinning the next Mazda EV.
Fiat Chrysler, Volkswagen in Talks About Joint Truck and Van Production: Report
Fiat Chrysler Automobiles, the manufacturer currently at the center of rampant speculation over a possible Chinese buyout and a spin-off of its Italian luxury brands, is reportedly in early talks with Volkswagen over the joint production of certain light utility vehicles.
Volkswagen, which has made crystal clear it wants nothing to do with a merger, might have products the Italian-American automaker could find beneficial. Despite the awkward back-and-forth between FCA CEO Sergio Marchionne and VW Group chief Matthias Müller earlier this year, the German automaker didn’t rule out discussions with FCA.
According to a source close to the issue, the discussions include future versions of VW’s small commercial van and, interestingly, a midsize pickup truck.
Fiat Chrysler Alleged to Have Multiple Chinese Suitors
Fiat Chrysler Automobiles CEO Sergio Marchionne has been hoping to sell the company to the right kind of buyer for a while now. But, with no serious contenders, FCA has been forced to trudge onward into the future without a bonafide suitor.
That’s rumored to have changed, as numerous sources are claiming Chinese automakers have taken an interest in the Italian-American company. However, whether these are potential one-night stands or a serious courtship remains unknown. Marchionne has previously specified he only wants to see FCA enter into the warm embrace of an established automaker and, while China has them, some would be better partners than others.
Mazda and Toyota Take Their Relationship to the Next Level, Start Planning an Assembly Plant
Toyota Motor Corp. is set to strike a deal to take a 5-percent stake in fellow Japanese automaker Mazda Motor Corp. The alliance includes the construction of a joint-venture $1.6 billion U.S. automotive plant and sharing EV technology — showing that Mazda hasn’t totally sworn off the idea of an electric car.
The two companies have been dating casually for a couple of years; Toyota sometimes uses Mazda’s Mexican factory to build compact cars, the two have fostered a love child (the Mazda 2-based Toyota Yaris iA), but this is the first time they’ve seriously considered moving in together. Toyota claimed the decision was about more than just a strategy to share technology, suggesting the automakers had genuine feelings for one another.
“The greatest fruit of our partnership with Mazda is that we have found a new partner who truly loves cars,” Toyota President Akio Toyoda said in a statement, “It has also sparked Toyota’s competitive spirit, increasing our sense of not wanting to be bested by Mazda. This is a partnership in which those who are passionate about cars will work together to make ever-better cars. It is also the realization of our desire to never let cars become commodities.”
Ghosn Expects Renault-Nissan to Become World's Largest Automaker This Summer
Since acquiring Mitsubishi in 2016, the Renault-Nissan Alliance has found itself in the midst of Volkswagen and Toyota’s struggle for the title of World’s Largest Automaker.
At the end of 2016, VW was still on top but momentarily ceded ground as Toyota amped up volume in early 2017. Compared to last year, the Germans saw sales fall a half-percent in the first quarter of 2017 as the Japanese companies recorded more stable growth. But CEO extraordinaire Carlos Ghosn believes Renault-Nissan has what it takes to fill the top spot before the end of the summer.
While it would be a privilege to tell you that Ghosn entered a darkened room illuminated by a single spotlight to announce the time for the Alliance to crush its enemies was now, the reality was far more tame. The shareholders meeting was adequately lit and Carlos stated, without malice, that becoming the world’s largest automotive superpower is more of an inevitable accident than an intentional conquest.
Need a Loan for a Mitsubishi? Nissan Now Has You Covered in Three Countries
Mitsubishi’s new ownership spells big changes for the automaker’s product future, but the controlling stake recently purchased by Renault-Nissan also means the newly joined automakers will partner on financial services.
As such, buyers in three markets will soon be able to turn to Nissan for a loan on a new Outlander or Mirage. Sorry, Americans — there’s good reason why Mitsubishi’s U.S. financing arm is staying put for now.
Sergio's Urge to Merge Falls Flat, Leads to Dinner for One
It’s often sad to witness the moment when an individual’s high hopes collide with a cold, antiseptic wall of reality. Though we should all aspire for more, the inescapable truth is that most of our dreams will end up dashed on the rocks.
This week it was Fiat Chrysler Automobiles CEO Sergio Marchionne’s turn — once again — to face rejection. Buoyed by PSA Group’s acquisition of General Motors’ European car divisions, Marchionne must have assumed that love was in the air and it would perhaps soon be FCA’s turn to go home with another automaker.
Unfortunately for Marchionne, one potential mate quickly burst that balloon in a fairly heartbreaking fashion.
I'm (Not) Your Man: Carlos Ghosn Steps Down as Nissan CEO, Plans to Focus on Alliance
Carlos Ghosn, the aggressive figurehead who brought a nosediving Nissan back from the brink, is stepping down as CEO after 16 years on the job.
The industry titan will remain CEO of Renault, where he staged a similar turnaround, and will continue to serve as chairman of Nissan, Renault and lowly Mitsubishi — the latter company being added to the alliance last year. Apparently, the decision to step down was prompted by Mitsubishi’s deeply-ingrained woes. In order to work some Nissan-style magic on the struggling automaker, Ghosn needed to hand over the reins.
Meanwhile, a man who stuck with Nissan for 40 years has seen his loyalty pay off.
Not Giving up on Hydrogen, GM and Honda Announce Joint Venture in Michigan
A quick look at the automotive landscape of 2017 tells us that electricity, long relegated to golf courses and RC cars, is the chosen successor to gasoline and diesel propulsion. However, automakers are hedging their bets on the best way to create those electrons.
Despite a critically meager refueling infrastructure, hydrogen lives on as a potential source for that energy, and select automakers continue a quest to equip our future vehicles with containers of lighter-than-air gas. To this end, General Motors and Honda partnered up back in 2013.
Now, we know the next step in the two automotive rivals’ plan.
Infiniti-Mercedes Partnership Appears Dead in the Water, But Nissan CEO Denies It
After a report appeared claiming that Nissan is scrapping a joint development effort with Mercedes-Benz, the Japanese automaker’s CEO says the two partners haven’t split up.
Japan’s second-largest carmaker and Germany’s oldest made an agreement in 2010 to share engines and platforms for Infiniti and several compact Mercedes-Benz models. A new platform is planned for a cooperative factory in Mexico opening this year, and a decision to back out would throw a wrench into the future of the $1 billion plant
Renault-Nissan Takeover Gives Mitsubishi a Chance to Dump Its Most Embarrassing Product
After inking the deal that brought Mitsubishi Motors under his corporate umbrella, Nissan-Renault chairman Carlos Ghosn said the acquisition would have a “massive” impact on the struggling automaker.
By sharing the alliance’s technology, platforms and engines, Mitsubishi can look forward to a brighter, product-filled future, he claimed. Full integration is still years away, but a new report sheds some light on the first all-new product born of the $2.29 billion deal.
As Mazda Talks With Toyota About Electrification, Is Its U.S. Diesel Dream in Peril?
Mazda loves its Skyactiv engine technology, as the high-compression fuel-sippers eliminate the automaker’s need for pricey hybrids or battery electric vehicles.
Boasting an increasingly rare all-gas U.S. fleet, Mazda has said it can handle increasingly stringent fuel economy requirements with improved second-generation Skyactiv engines, including their diesel variants.
It now looks like that plan won’t be enough.
Ghosn Puts on Third 'Mr. Chairman' Hat as Nissan Officially Takes Control of Mitsubishi
Mitsubishi has officially tied the knot with its savior, making Renault-Nissan chairman Carlos Ghosn the only automotive executive in the world (and possibly the galaxy) to head three companies.
The $2.29 billion deal gives Ghosn’s Renault-Nissan alliance a 34 percent controlling stake in Mitsubishi — a financial lifeline for the struggling, scandal-plagued automaker. Already, the company’s new chairman (and demoted former chair) have big, big plans for the Mirage maker.
Budding Tesla-Panasonic Romance is Western New York's Gain
Sparks flew when Tesla teamed up with Panasonic to produce battery packs at the automaker’s Nevada Gigafactory. Of course, it helped that the Japanese battery maker brought $1.6 billion of its own money to the table.
After it tested the waters and liked what it saw, Tesla has now inked an agreement with Panasonic to bring jobs — hopefully long-lasting ones — to Buffalo, New York.
A Retro Mid-Engined Coupe That Could Appear at Nissan Dealers is Almost Ready
A modern take on one of the sexiest four-cylinder cars of the 1960s will officially debut before the end of the year, and there’s a chance it will find its way to these shores.
Alpine, a reborn subsidiary of Renault, is putting the final touches on the production version of its Vision concept, a practical sports car that harkens back to the glory days of the nearly forgotten brand.
Toyota and Suzuki, Scared of Falling Behind, Eye Partnership
This could be the start of a beautiful business partnership.
After its romance with Volkswagen AG ended in a bitter breakup last year, Suzuki is considering hopping into bed with the world’s largest automaker.
Toyota and Suzuki issued a joint press release today announcing their intention to get together and see where it goes.
Ghosn: 'Massive' Plans for Mitsubishi-Nissan Alliance in US
Carlos Ghosn, the synergizing executive that Sergio Marchionne only wishes he could be, isn’t mincing words when it comes to Nissan’s plans for fledgling automaker Mitsubishi.
According to the Renault-Nissan top boss, the deal between Nissan and Mitsubishi is “massive.”
"…and Re-vulcanize These Tires!" Bentley Spares Owners From the Hassle of Pumping Gas
You’re a busy person, and standing at a gas station with a nozzle in your hand is for plebes.
Not to put too much of undergrad term paper slant on it, but that’s what Bentley silently suggests by rolling out a trial fuel delivery service for its owners. The ultra-luxury automaker has teamed up with U.S. tech startup Filld to offer the perk.
Renault Finds a New Partner to Help Boost Sales: Iran
Few good news stories seem to originate in Iran, but Renault wouldn’t agree.
The French automaker has inked a deal with the government of Iran to massively boost vehicle production in the middle eastern country.
Volkswagen Buys Stake in Navistar, Wants a Slice of the U.S. Heavy Truck Market
Volkswagen’s commercial vehicles division is eager to enter the U.S. heavy truck market, and it just found a partner to help pull it off.
Volkswagen Truck & Bus has announced it will buy a 16.6 percent stake in U.S. truck maker Navistar International Corp., a share buy worth $256 million. Both companies hope to save money (and make more of it) through the technology-sharing deal, with joint products on the horizon.
Tesla Buys Solarcity for $2.6 Billion, Wants to Sell You a Whole New Lifestyle
To bastardize an old Dodge slogan, if you’re willing to devote your life to sustainable driving and ditch your electricity provider, you could be Tesla material.
The electric automaker announced a deal with solar company SolarCity today — an all-stock agreement worth $2.6 billion. Acquiring the nation’s largest rooftop solar provider gives Tesla CEO Elon Musk the top-to-bottom green company he always wanted, but it opens the company up to new risks.
Cars.com Wants All the Reviews, Plans to Acquire DealerRater
If sales and service reviews were gold, Cars.com will soon the the richest third-party shopping website in all the land.
Cars.com plans to buy DealerRater, making it the largest soundboard of criticism and praise for dealers, salespeople and servicing in the industry, Automotive News reports.
Samsung (Once Again) Turns to the Automobile Market to Make Money
There’s money in them there cars, Samsung Electronics Company must have thought.
The Korean technology giant is in talks to buy a stake in Chinese automaker BYD, Reuters reports, and it isn’t the first time the company sought new cash streams from automotive world.
Mazda Partners With Isuzu for Pickups, Ditches Ford, Continues to Avoid North America
Mazda is closing the door on its relationship with Ford and opting to partner with Isuzu for its next-generation pickup trucks.
The automaker announced a new agreement today that will see Isuzu build its next pickup model, bound for everywhere but North America. The two companies previously collaborated on a pickup solely for the Japanese market.
The Saab Car Brand is Dead. Mourn (Once Again) for Saab
You can forget about ever buying a new car with the Saab name attached. That’s right, Swedeophiles, the name that conjures up happy memories of a quirky-but-attainable brand that hated column-mounted ignitions is officially dead.
National Electric Vehicle Sweden AB (NEVS), the Swedish holding company that bought up Saab Automobile’s assets in a 2012 bankruptcy sale, just announced it won’t sell any vehicles under the Saab name.
There won’t be a Swedish Spring after all. Not even in China.
New Mitsubishi R&D Chief to Tackle 'Secretive' Tech Department
A top Nissan executive is packing his bags and getting ready to take on Mitsubishi’s shadowy and scandal-prone technology arm.
Yesterday’s reports proved true, with Mitsuhiko Yamashita, Nissan’s chief technology adviser, announced today as Mitsubishi’s new head of research and development. He will take on the position starting June 24.
There’s a tough job waiting for Yamashita.
Paging Dr. Yamashita: Nissan Wants Its Former Tech Head to Cure a Sick Misubishi
In this play, Nissan is President Jimmy Carter and Mitsubishi is a bankrupt New York City.
Now that it has control of Mitsubishi, Nissan wants the scandal-plagued automaker to “heal thyself,” but it’s sending a guy over to make sure it happens, sources tell Reuters.
Sorry, Sergio - Google Has No Plans to Expand the Relationship
It looks like the fling between Google and Fiat Chrysler Automobiles will end up being a brief affair.
Despite partnering with FCA to test autonomous technology on a fleet of Chrysler Pacifica Hybrids, the tech giant says it has no plans to take it further with the automaker, according to Reuters.
Really, it doesn’t mean anything, Google wants other companies to know. Just two self-driving Pacificas passing in the night.
Mitsubishi President Resigns Over Fuel Economy Scandal
He’s been with the company since the Plymouth Sapporo/Dodge Challenger era, but Mitsubishi president Tetsuro Aikawa’s tenure comes to an abrupt end in June.
Aikawa stepped down today after less than two years at the helm, the victim of his company’s ongoing fuel economy scandal, according to an announcement from the automaker. Ryugo Nakao, the company’s executive vice-president in charge of quality, is also out the door.
Ghosn on the March: What Does an Alliance Mean for Nissan and Mitsubishi?
Yesterday’s news that Nissan will buy a 34-percent controlling stake in Mitsubishi for $2.2 billion was the latest win for Carlos Ghosn, the man behind the Renault-Nissan Alliance of 1999 and possessor of many fingers in many pies.
Ghosn, CEO of both Nissan and Renault, inked the agreement with Mitsubishi as the other automaker battles a misleading gas-mileage scandal. At a price of 468.52 yen/share, Ghosn’s purchase of new shares was a smoking deal. Mitsubishi shares traded for 1,100 yen just last December.
What becomes of the two companies now? And how will Ghosn’s world-straddling empire benefit by snapping up beleaguered Mitsubishi?
Nissan to Spend $2.2 Billion for Controlling Stake in Mitsubishi
Yesterday’s vague Japanese media reports proved right this morning, as Nissan Motor Co. announced it will purchase a 34 percent controlling stake in scandal-plagued Mitsubishi Motors.
Taking advantage of Mitsubishi’s reduced market value following the company’s admission of cheating on Japanese fuel economy tests, Nissan’s 237 billion yen ($2.2 billion) bulk buy of shares makes it the automaker’s largest shareholder.
It’s a big win for Nissan, which can take credit for exposing the gas mileage scandal less than a month ago.
Open-Minded Sergio Willing to Stick With Tech Partner; Could Play the Field, Though
Fiat-Chrysler CEO Sergio Marchionne can see a beautiful future with partner Google, but there’s plenty of fish in the sea, you know.
Speaking in Windsor, Ontario, where Chrysler Pacifica minivan production recently kicked off, Marchionne called FCA’s Google fling the “first phase” of their relationship, but admits to wanting to keep his options open, Automotive News reports.
Strange Bedfellows or: How Sergio Got His Way and Created a Fleet of Robot Pacificas
A dream collaboration has finally become a reality for Fiat Chrysler Automobiles CEO Sergio Marchionne.
After angling for a partnership for over a year, FCA has announced a joint venture with Google’s Self-Driving Car Project. This is the first time the mega company has worked directly with an automaker to test its shadowy autonomous vehicle technology.
Ford Crowns Itself V6 Torque King, Debuts Next-Generation EcoBoost Engine
Ford Motor Company didn’t want an opportunity to claim bragging rights to pass by, so it sent its 3.5-liter EcoBoost engine in for a massage.
The result was a torque (eco)boost of 30 pounds-feet, raising the engine’s output to 365 horsepower and 450 lb-ft. That places Ford’s F-150 ahead of its closest full-size six-cylinder competitor, the Ram 1500 EcoDiesel, which claims 420 lb-ft.