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  Japanese car company veteran and former chairman of Mitsubishi Motors Yoshiko died of illness

  Osamu Masuko, the former chairman of Mitsubishi Motors, has died of heart failure at the age of 71, Kyodo news agency reported. Earlier, Yoshiko stepped down as chairman and director on Aug. 7 for health reasons, and Taoka Kato, the company's chief executive, temporarily replaced Yoshiko as chairman. As one of the oldest and longest-serving executives in the history of the Japanese auto industry, Yoshiko graduated from Waseda University, joined Mitsubishi in 1972 and became executive director and automotive minister of the company in 2003. In 2004, Mitsubishi Motors.

  Mitsubishi Motors 2020-08-31
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  Under the continued leadership of the Japanese, Yoshiko became chairman of Mitsubishi Motors

  The position of chairman of Mitsubishi Motors has been up in the air since the arrest of Carlos Ghosn. Osamu Masuko, chief executive of Mitsubishi Motors, officially stepped down at the general meeting of Mitsubishi Motors on June 21, replacing Carlos Ghosn as chairman of Mitsubishi Motors, and Masako continued to serve as chairman of Mitsubishi's board of directors, Bloomberg reported. Takao Kato, president of Indonesia, will take over as chief executive of Mitsubishi Motors. Yoshiko joined the vehicle department of Mitsubishi Commercial Co., Ltd. in April 1972 and is now chairman of Mitsubishi Motors.

  2019-06-22
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  Mitsubishi Motors shutdown in Japan

  Affected by the COVID-19 epidemic, Japanese carmaker Mitsubishi Motors was forced to stop production. Mitsubishi Motors said on April 5 that due to the COVID-19 epidemic, the production line of Mitsubishi Motors' main Japanese plant Okazaki (Okazaki City, Aichi Prefecture) would be suspended from April 11 to 15 for a total of five days. Mitsubishi Motors Japan Okazaki Manufacturing Institute factory is located in Okazaki City, Aichi Prefecture, established in 1977, mainly produces Mitsubishi Motors' main SUV model "Olande". As for the reason for the shutdown, Mitsubishi Motors said it was due to the spread of the COVID-19 epidemic and the closure management in Shanghai (the Shanghai factory is a supplier of some Mitsubishi auto parts).

  Mitsubishi Motors 2022-04-07
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  Jaguar Land Rover lost $4.06 billion in the third quarter, and Tata Motors posted the biggest loss in history.

  Sales of Jaguar Land Rover have skyrocketed since it was acquired by India's Tata Motors in 2008, and Tata Motors, the parent company, has made a lot of money, and Jaguar Land Rover has long become a profit cow for Tata Motors. Last year, however, Jaguar Land Rover's annual sales in China, the world's largest single market, plunged 21.6 per cent, a decline that must have affected its revenue, prompting Tata Motors to record the biggest loss in Indian corporate history. On February 7, India's Tata Motors released after-hours results for the third quarter of 2019 (October-December 2018).

  Automobile 2019-02-10
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  Mitsubishi Motors cut operating profit and cut senior pay for the fiscal year

  Mitsubishi Motors cut its performance target for fiscal year 2019 (April 2019-March 2020) and cut the remuneration of its top executives by nearly half in response to the decline in sales caused by the COVID-19 epidemic, according to foreign media reports. In addition, the annual report for fiscal year 2019, originally scheduled for release on May 13, has also been postponed to May 19. Mitsubishi Motors cut its forecast sales for fiscal year 2019 by 7.3% from 2.45 trillion yen to 2.27 trillion yen, down 9.7% from 2018, and its forecast operating profit fell sharply by 60% from 30 billion yen to 12 billion yen, compared with fiscal year 2018.

  Mitsubishi Motors 2020-04-26
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  New development: Ssangyong Motors, a well-known South Korean car brand, may be acquired by the New Power brand this week.

  Following media reports in October that new car-making company Edison Motors will buy Ssangyong Motor for about 223 million euros, there are media reports today that Edison Motors and Ssangyong Motors will complete the merger as soon as this week. Ssangyong Motor is still filing for bankruptcy protection due to loan default. South Korean legal and auto industry expect the acquisition to be completed by this week or January 7 at the latest, media said. Another Edison Motors executive pointed out: "We need to adjust the content of the contract, but if the discussion goes well, the acquisition can be completed within this month."

  Ssangyong Motor 2021-12-27
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  A new power car company may declare bankruptcy

  Lordstown Motors, an electric car startup, issued a "possible bankruptcy" warning in a filing with the Securities and Exchange Commission (SEC) on May 1, EDT. Lordstown said that if the investment agreement with Foxconn ends up

  Fuji Foxconn Electric companies cars production factories OEM Electric vehicles Investment problems Power both sides pickups Cooperation 2023-05-04
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  General Motors negotiated an agreement with the union, and the strike among union members officially ended.

  According to the latest foreign media reports, the United Auto Workers Union (UAW) approved a new four-year labor contract with General Motors. The approval of the agreement ended a 40-day strike at UAW, which cost GM more than $2 billion (14.1 billion yuan). Negotiations between General Motors and trade unions broke down in September, causing nearly 50,000 workers across the United States to go on strike. General Motors is trying to cut costs ahead of the expected recession in the U. S. auto industry, with plans to close two parts plants and two vehicle plants this year and cut costs. And the union demands higher pay,.

  General Motors 2019-10-26
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  SAIC GM recalls Chevrolet Comero and Cadillac ATS-L cars due to steering failure

  SAIC General Motors sales Co., Ltd., SAIC General Motors Co., Ltd., in accordance with the requirements of the regulations on the Administration of defective Automobile products recall and the measures for the implementation of defective Automobile products recall, filed the recall plan with the State Administration of Market Supervision and Administration, and decided to recall a total of 7779 of the following vehicles from June 20, 2019. Recall models: (1) SAIC General Motors sales Co., Ltd.: recall some 2017 imported Chevrolet Comero cars produced during November 21, 2016 to May 4, 2017, a total of 16 vehicles; (2) SAIC General Motors Co., Ltd.: recall.

  Cars recalls General Motors Chevrolet Cadillac 2019-05-06
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  President of Mitsubishi Motors: will not withdraw from the Chinese market

  At a media briefing held in Japan on May 9, Mitsubishi President Takao Kato said in response to recent rumors that Mitsubishi Motors had withdrawn from the Chinese market that the company had no plans to withdraw from the Chinese market at present. At the same time, it also said that although the company is facing difficulties in China, the Changsha plant will be scheduled for June.

  Mitsubishi Automobile sales Market China Group Company production Brand data Outlander Outlander Manufacturing KuaiBao News 2023-05-10
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  Profits of giants with five major car brands plummeted 90%

  Last night, Great Wall Motor released the first quarter of 2023 results report, revenue and profit showed negative growth, astonishing! According to the financial report, Great Wall Motor achieved revenue of 29.039 billion yuan in the first quarter, down 13.63% from the same period last year; its net profit was 174 million yuan, down 89.34% from the same period last year; deducting non-net loss

  Great Wall cars sales brands Harvard products markets new energy Euler goals tanks technology decline Biya growth 2023-04-22
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  223 million euros! South Korean well-known car brands are acquired by new car-building forces.

  According to media reports, car-building new power company Edison Motors will buy Ssangyong for about 223 million euros, and the agreement between Ssangyong and Edison Motors will be finalised as soon as late November. According to previous reports, Ssangyong filed for bankruptcy restructuring with the Seoul court as early as the end of 2020 and has been looking for potential acquirers ever since. The Seoul bankruptcy court said the consortium led by Edison Motors was currently the only bidder for Ssangyong, making it a preferred bidder. The court said that Edison Motors's competitor.

  Ssangyong Motor 2021-10-25
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  Japan's Mitsubishi Motors is rumored to have decided to withdraw from the Chinese market.

  According to a report by the Japan Broadcasting Association (NHK) today, a source told the media that Mitsubishi Motors has decided to terminate its car sales and production operations in China and withdraw from the Chinese market, and a formal decision is expected to be made as early as next week. At the same time, sources also revealed that Mitsubishi has decided to sell it in a Chinese company.

  Mitsubishi Automobile sales China Market News Company Group production Electric Japan products Factory sales maximum 2023-10-20
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  Great Wall wants to buy Jaguar Land Rover and is in talks with India's Tata Motors.

  Last year, Jaguar Land Rover lost more than $4 billion in a quarter, when it was rumored that Great Wall was in talks with Tata Motors to acquire Jaguar Land Rover. In the third quarter of 2019 (October-December 2018), Jaguar Land Rover lost $4.06 billion on revenue of $8.06 billion, prompting Tata Motors to make the biggest loss in Indian corporate history. In the face of losses and for future projects not to stagnate, Jaguar Land Rover announced plans to raise $1 billion. Jaguar Land Rover's sales and revenue plummeted last year, and Jaguar Land Rover has gone from Tata Motors' profit cow to a hot potato.

  Global SUV Global 2019-02-13
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  Nissan denies selling Mitsubishi Motors shares

  According to foreign media reports, Nissan plans to sell some or all of its 34% stake in Mitsubishi Motors because the COVID-19 epidemic caused Nissan a loss of 20.8 billion yuan in the first half of the year and is expected to lose 38.7 billion yuan for the whole year. Nissan may sell some or all of its shares in the face of a depressed business environment, the report said. Since Ghosn's arrest, Nissan has been in a turbulent situation, and the sudden outbreak of COVID-19 has brought irreparable losses to Nissan. The sudden drop in demand for new cars, dealer closures, factory shutdowns and supply chain disruptions have brought uncertainty to Nissan's development. In May this year.

  Nissan Automobile 2020-11-17
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  Restructuring South American operations General Motors invested heavily in its Brazilian auto plant

  According to foreign media reports, General Motors will invest in two car plants in Brazil, with an investment of up to 10 billion riels (about US $2.7 billion). In the next five years, GM will produce several new models through the two factories and sell them in South America. GM did not disclose the number of future models, which is not expected to be released until between 2020 and 2024. According to foreign media, GM's investment will retain about 15000 jobs at its two plants in Brazil, but it is not clear whether GM will create jobs in the region where the plant is located in the future. It is understood that General Motors for many years.

  Automobile General Motors General Motors 2019-03-20
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  UAW initiates General Motors workers' strike, which will hit the US economy

  According to overseas media reports, GM recently failed to reach a preliminary agreement on salary, medical benefits, temporary workers, job security and other issues, and negotiations reached an impasse. The United Auto Workers Union (UAW) will organize a strike by about 48000 employees of General Motors (General Motors) across the United States starting in the early hours of Monday (16th) local time. Terry Dittes, vice-chairman of UAW's approach to GM, said the two sides had "clear differences" on issues such as wages, health insurance, temporary workers, job safety and profit sharing. For months, UAW and GM have been.

  Automobile General Motors General Motors USA 2019-09-16
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  General Motors employees went on strike and dozens of factories shut down production, more than 10,000 employees lost their jobs

  GM plans to cut thousands of jobs after its North American plant almost came to a standstill due to the failure of negotiations with the UAW. General Motors announced on Tuesday that it would suspend production at a plant in Mexico and cut 6000 jobs, foreign media reported. General Motors said the Mexican plant was unable to produce because of a shortage of parts caused by a strike in the United States. It is understood that the plant produces GM's high-margin Chevrolet Silverado and GMC Sierra 1500 pickup trucks. Affected by the ongoing General Motors strike, American workers.

  General Motors strike 2019-10-02
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  Fifty years later, General Motors announced that it would change its brand logo, and netizens' comments lit up.

  Just a week after 2021, three car companies announced a new brand logo. On January 1, BYD released a new brand logo. The new logo also takes the three letters "BYD" as the design core, the "BYD" letter uses a simple metal texture, and removes the oval outline. South Korean carmaker Kia Motors released a new brand logo on Jan. 6, which is still dominated by the letter "KIA", with three letters in conjoined design, in which the "I" and "A" letters are shared in strokes, while eliminating the oval outline, making it more minimalist as a whole. After two car companies, there is another car company today.

  General Motors 2021-01-09
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  Or more than $5 million in compensation, Toyota faces a class action lawsuit.

  Japan's Toyota subsidiary Hino Motor emissions and fuel consumption data fraud scandal is simmering again. On August 12, Hino Motors posted on its official website that because of the damage caused by the falsification of Hino engine data, four American companies will Hino Motors' American subsidiary and Hino Motor parent company Toyota Motor.

  Hino Automotive Toyota Japan engine data production Survey exhaust USA truck vehicle problem Enterprise engine 2022-08-16