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Mitsubishi Electric to Invest Rs. 220 Crore to Set Up New Unit in Maharashtra’s Pune
- Tuesday June 7, 2022
- Press Trust of India
Mitsubishi Electric will invest about Rs. 220 crore in its Indian subsidiary to set up a new factory in Maharashtra’s Pune. Mitsubishi Electric India will manufacture inverters and other factory automation (FA) control system products for the factory expected to start operations in December 2023.
- www.gadgets360.com
-
Renault-Nissan-Mitsubishi Alliance Say To Deepen Cooperations In EV Production
- Thursday January 27, 2022
- Reuters
Renault SA, Nissan Motor Co and Mitsubishi Motors together will increase the number of common platforms for EVs to five from four, and by 2030 they plan to have a combined EV line up of 35 vehicles.
- www.carandbike.com
-
Mitsubishi Says Chip Shortage May Continue To Hit Mexican Output In H1: Report
- Saturday January 22, 2022
- Written by Reuters
Held back by the chip shortages, auto output in Mexico fell by 2% in 2021 from the previous year, the fourth consecutive annual decline.
- www.carandbike.com
-
Mitsubishi Motors Will Procure Two Models Produced By Groupe Renault From 2023
- Saturday March 13, 2021
- Written by Ameya Naik
A model mix of the newly launched Mitsubishi Eclipse Cross PHEV and the Renault-developed sister models will enable Mitsubishi Motors to be more competitive in the market.
- www.carandbike.com
-
Mitsubishi Corp Forecasts $2.8 Billion Hit To Annual Profit From COVID-19
- Friday August 14, 2020
- Reuters
Japanese trading house Mitsubishi Corp said it had a difficult first quarter as net profit plunged 77% due to the coronavirus pandemic, which it said is likely to wipe 300 billion yen ($2.8 billion) off its full-year profit.
- www.carandbike.com
-
Mitsubishi Motors Says Chairman Masuko Resigned Due To Health Reasons
- Sunday August 9, 2020
- Written by Reuters
Mitsubishi Motors Corp said on Friday Osamu Masuko resigned as chairman due to health reasons and has handed over the role to CEO Takao Kato on a temporary basis. A veteran of the Mitsubishi conglomerate, Masuko joined the automaker in 2004, and became president in 2007. He oversaw the creation of the partnership between Mitsubishi and Nissan Motor...
- www.carandbike.com
-
The Coronavirus Pandemic Compounds Woes Of Renault-Nissan Alliance
- Thursday July 30, 2020
- Reuters
When the French part of the Renault-Nissan alliance reports its results on Thursday, investors expect confirmation of a harsh reality: automakers that already had weaknesses are having them mercilessly exposed by the COVID-19 epidemic.
- www.carandbike.com
-
Mitsubishi Motors Hits All-Time Low As ASEAN Sales Dive Raise Recovery Doubts
- Tuesday July 28, 2020
- Reuters
Japan's Mitsubishi Motors faced doubts about a quick recovery after posting dismal quarterly sales in its key Southeast Asia market partly due to the coronavirus outbreak, sending its shares down 12% to a record low on Tuesday.
- www.carandbike.com
-
Renault-Nissan Announce Plan To Deepen Cooperation To Ensure Group's Survival
- Wednesday May 27, 2020
- Reuters
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group.
- www.carandbike.com
-
Mitsubishi Motors To Cut Costs After Slump In Annual Profit
- Wednesday May 20, 2020
- Reuters
Mitsubishi Motors Corp will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend.
- www.carandbike.com
-
2019 Mitsubishi Outlander Gets Massive Price Cut And New Features
- Tuesday December 17, 2019
- Written by Seshan Vijayraghvan
The 2019 Mitsubishi Outlander has recently received a massive price cut in India and is now available at Rs. 26.93 lakh (ex-showroom, Delhi). The Outlander facelift was launched in India last year at Rs. 31.95 lakh (ex-showroom, Delhi), making the company's flagship SUV over Rs. 5 lakh cheaper now. In addition to the price cut, the company has also...
- www.carandbike.com
-
Mitsubishi Motors Slashes Full-Year Profit Forecast On Slowing Car Sales
- Wednesday November 6, 2019
- Reuters
Mitsubishi Motors Corp on Wednesday cut its full-year profit outlook by 67% as it expects sluggish demand in North America and China will continue, while a strong yen and research and development costs will also hurt the automaker's bottom line.
- www.carandbike.com
-
Osamu Masuko To Step Down As Mitsubishi Motors CEO, Takao Kato To Succeed Him
- Saturday May 18, 2019
- Reuters
Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia.
- www.carandbike.com
-
Mitsubishi Electric to Invest Rs. 220 Crore to Set Up New Unit in Maharashtra’s Pune
- Tuesday June 7, 2022
- Press Trust of India
Mitsubishi Electric will invest about Rs. 220 crore in its Indian subsidiary to set up a new factory in Maharashtra’s Pune. Mitsubishi Electric India will manufacture inverters and other factory automation (FA) control system products for the factory expected to start operations in December 2023.
- www.gadgets360.com
-
Renault-Nissan-Mitsubishi Alliance Say To Deepen Cooperations In EV Production
- Thursday January 27, 2022
- Reuters
Renault SA, Nissan Motor Co and Mitsubishi Motors together will increase the number of common platforms for EVs to five from four, and by 2030 they plan to have a combined EV line up of 35 vehicles.
- www.carandbike.com
-
Mitsubishi Says Chip Shortage May Continue To Hit Mexican Output In H1: Report
- Saturday January 22, 2022
- Written by Reuters
Held back by the chip shortages, auto output in Mexico fell by 2% in 2021 from the previous year, the fourth consecutive annual decline.
- www.carandbike.com
-
Mitsubishi Motors Will Procure Two Models Produced By Groupe Renault From 2023
- Saturday March 13, 2021
- Written by Ameya Naik
A model mix of the newly launched Mitsubishi Eclipse Cross PHEV and the Renault-developed sister models will enable Mitsubishi Motors to be more competitive in the market.
- www.carandbike.com
-
Mitsubishi Corp Forecasts $2.8 Billion Hit To Annual Profit From COVID-19
- Friday August 14, 2020
- Reuters
Japanese trading house Mitsubishi Corp said it had a difficult first quarter as net profit plunged 77% due to the coronavirus pandemic, which it said is likely to wipe 300 billion yen ($2.8 billion) off its full-year profit.
- www.carandbike.com
-
Mitsubishi Motors Says Chairman Masuko Resigned Due To Health Reasons
- Sunday August 9, 2020
- Written by Reuters
Mitsubishi Motors Corp said on Friday Osamu Masuko resigned as chairman due to health reasons and has handed over the role to CEO Takao Kato on a temporary basis. A veteran of the Mitsubishi conglomerate, Masuko joined the automaker in 2004, and became president in 2007. He oversaw the creation of the partnership between Mitsubishi and Nissan Motor...
- www.carandbike.com
-
The Coronavirus Pandemic Compounds Woes Of Renault-Nissan Alliance
- Thursday July 30, 2020
- Reuters
When the French part of the Renault-Nissan alliance reports its results on Thursday, investors expect confirmation of a harsh reality: automakers that already had weaknesses are having them mercilessly exposed by the COVID-19 epidemic.
- www.carandbike.com
-
Mitsubishi Motors Hits All-Time Low As ASEAN Sales Dive Raise Recovery Doubts
- Tuesday July 28, 2020
- Reuters
Japan's Mitsubishi Motors faced doubts about a quick recovery after posting dismal quarterly sales in its key Southeast Asia market partly due to the coronavirus outbreak, sending its shares down 12% to a record low on Tuesday.
- www.carandbike.com
-
Renault-Nissan Announce Plan To Deepen Cooperation To Ensure Group's Survival
- Wednesday May 27, 2020
- Reuters
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group.
- www.carandbike.com
-
Mitsubishi Motors To Cut Costs After Slump In Annual Profit
- Wednesday May 20, 2020
- Reuters
Mitsubishi Motors Corp will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend.
- www.carandbike.com
-
2019 Mitsubishi Outlander Gets Massive Price Cut And New Features
- Tuesday December 17, 2019
- Written by Seshan Vijayraghvan
The 2019 Mitsubishi Outlander has recently received a massive price cut in India and is now available at Rs. 26.93 lakh (ex-showroom, Delhi). The Outlander facelift was launched in India last year at Rs. 31.95 lakh (ex-showroom, Delhi), making the company's flagship SUV over Rs. 5 lakh cheaper now. In addition to the price cut, the company has also...
- www.carandbike.com
-
Mitsubishi Motors Slashes Full-Year Profit Forecast On Slowing Car Sales
- Wednesday November 6, 2019
- Reuters
Mitsubishi Motors Corp on Wednesday cut its full-year profit outlook by 67% as it expects sluggish demand in North America and China will continue, while a strong yen and research and development costs will also hurt the automaker's bottom line.
- www.carandbike.com
-
Osamu Masuko To Step Down As Mitsubishi Motors CEO, Takao Kato To Succeed Him
- Saturday May 18, 2019
- Reuters
Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia.
- www.carandbike.com