Nissan strengthens alliance with acquisition of 34% stake in Mitsubishi Motors

by News Feeder, 08-09-2024, 07:06 AM

YOKOHAMA, Japan (October 20, 2016) - Nissan Motor Co., Ltd., (“Nissan”) today completed its acquisition of a 34% equity stake in Mitsubishi Motors (“MMC”) and became its largest shareholder.MMC will also become part of the global Alliance with Nissan and Renault. With the addition of MMC, the Alliance will be in the world’s top three automotive groups by global volumes, with sales of 10 million units in fiscal year 2016.Nissan Chairman and Chief Executive Officer Carlos Ghosn announced that Nissan and MMC would collaborate on joint purchasing, deeper localization, joint plant utilization, common vehicle platforms, technology-sharing and an expansion of the companies’ combined presence in both developed and emerging markets.“The combination of Nissan, Mitsubishi Motors and Renault will create a new force in global car-making,” said Ghosn. “It will be one of the world’s three largest automotive groups, with the economies of scale, breakthrough technologies and manufacturing capabilities to produce vehicles to serve customer demand in every market segment and in every geographic market around the world.”Ghosn predicted that through its partnership with MMC, Nissan would target synergy benefits worth 24 billion yen in fiscal year 2017, rising to 60 billion yen in fiscal year 2018 and beyond. The gains will contribute to increased earnings per share worth an estimated 4 yen per share in fiscal year 2017 and 10 yen per share in fiscal year 2018 – on top of any earnings accretion linked to Nissan’s overall shareholding in Mitsubishi Motors.Nissan offered its assistance at the request of Osamu Masuko, president and chief executive officer of MMC, following the company’s fuel economy crisis. The two companies have cooperated on kei-cars for the Japanese market over the past five years.“We are committed to assisting Mitsubishi Motors as it rebuilds customer trust,” said Ghosn. “This is a priority as we pursue the synergies and growth potential of our enlarged relationship.”As part of this strategy, Nissan has nominated four representatives to the Board of MMC, including Ghosn as chairman-elect.The other nominees are Hitoshi Kawaguchi, chief sustainability officer and head of global external affairs; Hiroshi Karube, global controller and global asset manager; and Mitsuhiko Yamashita, Nissan’s current representative on the Mitsubishi Motors board.At Masuko’s request, Yamashita joined the company earlier this year as executive vice president of development and as a member of its executive committee.Ghosn has announced a number of other management changes, effective November 1, to allow him to continue to focus on maintaining Nissan’s momentum in delivering performance, while at the same time supporting Masuko at MMC.Ghosn has proposed to the Nissan Board, which has approved, the appointment of Hiroto Saikawa, currently chief competitive officer, as co-chief executive officer.Saikawa will be succeeded as chief competitive officer by Yasuhiro Yamauchi, currently Alliance executive vice president of purchasing.Veronique Sarlat-Depotte, currently deputy to Yamauchi will assume the responsibility as Alliance executive vice president of purchasing and head of the Renault Nissan Purchasing Organization. She will be supported by Makoto Uchida who will take responsibility for purchasing at Nissan.Also at the request of Masuko, the management team of MMC will be further strengthened by current Nissan Chief Performance Officer Trevor Mann, who will become chief operating officer of MMC.Mann will be replaced as chief performance officer by Jose Munoz who will continue as chairman of Nissan’s North American region.Ghosn concluded: “At a time of unprecedented change in the global auto industry, this strategy will build on our existing strengths and management capabilities to ensure increased competitiveness, better products for our customers and attractive returns for shareholders.” About Nissan Motor Co., Ltd. Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, Infiniti and Datsun brands. In fiscal year 2015, the company sold more than 5.4 million vehicles globally, generating revenue of 12.2 trillion yen. Nissan engineers, manufactures and markets the world's best-selling all-electric vehicle in history, the Nissan LEAF. Nissan’s global headquarters in Yokohama, Japan manages operations in six regions: ASEAN & Oceania; Africa, Middle East & India; China; Europe; Latin America and North America. Nissan has a global workforce of 247,500, and has been partnered with French manufacturer Renault under the Renault-Nissan Alliance since March 1999.For more information on our products, services and commitment to sustainable mobility, visit our website at http://www.nissan-global.com/EN/###

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The future of driving is defining the future of transportation

by News Feeder, 07-09-2024, 06:28 AM

When Nissan’s Tetsuya Iijima (pronounced EE-ee-JEE-mah) envisions the future of driving, he’s not only thinking about how autonomous driving will impact the “behind-the-wheel” experience but how to help society prepare for it. A recent report by The Boston Consulting Group found that for those who had concerns about autonomous vehicles are often based on three primary factors:ReliabilityCybersecuritySafe InteractionTo see the autonomous driving fully integrate into daily life, solving the many technological challenges as well as societal acceptance are key. “People need to have a positive mindset to introduce the technology,” said Iijima, General Manager of Autonomous Drive Technology Development Department at Nissan Motor Co., Ltd.For consumers, adoption of new technologies is about trust, and essential to that is understanding.According to Iijima, “For society to change… people need to understand that this is good for their future. Then, customers need to understand what the technology can offer.”This is not a new concept for Nissan, which has a long history of introducing advanced driver assistance systems — or ADAS — using a step-by-step approach.Iijima began at Nissan working on electric-controlled suspension, in which cars react faster and absorb more bumps on the road. Iijima also helped to pioneer Nissan’s adaptive cruise control, lane departure prevention systems and emergency braking. All were at once unknown technologies, but are now widely adopted and have helped change transportation.Thanks to a history of innovation, Nissan is taking a step-by-step approach in introducing autonomous driving technologies to market. And that’s exactly what Iijima sees as the focus.“It’s a step-by-step educational approach that allows drivers to experience the technology one feature at a time and directly see the value it offers.” Education is critical, but it’s not the only focus for Nissan. According to Iijima, the future Nissan hopes to engineer is one in which affordable and widely-deployed autonomous driving technologies enable safe and efficient transportation for many. This can be seen with the introduction and popularity of the Nissan Serena in Japan earlier this year. The Serena is now a top-selling model in that market and features new technologies that can be used and experienced by many — not only in concept cars.Iijima’s focus now? Nissan’s autonomous drive technology known as “ProPILOT”, which gives drivers the choice of manually operating the vehicle or handing control over to onboard systems in certain situations. The first of these technologies, introduced in August, allows cars to assist drivers by steering, braking, and accelerating automatically and safely in a single lane on highways.In 2018, Nissan expects to unveil a “multiple-lane control” application that can autonomously negotiate hazards and change lanes during highway driving. Two years later, it plans to add the capability for the vehicle to navigate city driving and intersections without driver intervention.By that time, the Renault-Nissan Alliance plans to launch more than 10 models with significant autonomous driving functionalities in the U.S., Japan, Europe and China.Focusing on social acceptance will also allow consumers as well as involved governments, groups and other agencies, the time to consider the benefits of the new technologies.“There must be a huge change in government and society.”Once autonomous drive technology reaches a certain level of technological advance, decisions must be made on driving infrastructure and laws to ultimately change society’s mindset. Education and acceptance will be important as the technologies further evolve. As Iijima notes, “My team will continue to work on advancing what’s possible to help create an autonomous driving future for all. We will share our vision so that one day everyone can picture themselves behind the steering wheel of an autonomous vehicle.”For more stories, please visit our page on Medium.com, https://medium.com/drive-publication###

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[Feature] A Partner for Half a Century: Corolla's 50 Year Journey

by News Feeder, 07-09-2024, 06:28 AM

Fifty years ago, on October 20, 1966, at a time when interest in cars was growing rapidly in Japan, Toyota unveiled the first-generation Corolla.

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Toyota to Mark the 10th Anniversary of the Classic Car Festival in Tokyo

by News Feeder, 07-09-2024, 06:28 AM

The Toyota Automobile Museum will host the 2016 Classic Car Festival at Meiji Jingu Gaien Park in Shinjuku, Tokyo on November 26. The goal of the car festival is to nurture and promote automobile culture, as well as to encourage interaction among car fans.

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VIDEO: Infiniti gives the world's best up-and-coming engineers the Formula One career

by News Feeder, 06-09-2024, 08:23 PM

HONG KONG – The INFINITI Engineering Academy, now in its third year, is a one-of-a-kind global search for the world's best up-and-coming engineers. For 2016, seven placements have been made available with one winner chosen each from the U.S., Canada, Mexico, Europe (including Russia), the United Arab Emirates, China and Asia–Pacific.This unique automotive-to-motorsport training program for brilliant young engineers, possible thanks to INFINITI's Technical Partnership with the Renault Sport Formula One™ Team, has attracted 4,108 registrations from 44 different countries. A number of previous winners have gone on to secure full time careers in the automotive and motorsport industries."The extraordinary level of interest in this year's INFINITI Engineering Academy has been absolutely fantastic," said Tommaso Volpe, global director, INFINITI Motorsport. "Students have seen the accomplishments of our Academy's graduates, who have gone on to forge successful careers in the automotive industry. This has meant that more students than ever want to use the Academy to gain vital engineering experience and launch their own careers. With F1 becoming more and more relevant to the automotive industry, and an increased focus of the placements this year being on the road car development, we are training a new generation of engineers who will play a key role in the crossover between the two industries." Below are video snapshots of winners from each region.USA Winner 2016 Caitlin Bunt Canada Winner 2016 Felix Lamy China Winner 2016 Xuezi Li European Winner 2016 Riccardo Manfredini Mexico Winner 2016 Alexandros Paleologos MORE from INFINITI Engineering Academy 2016 Driving Challenge - European Final Engineering Expertise Engineering with the Renault Sport Formula One Team William's Journey The 2015 Winners Tell Their Stories Related Stories: INFINITI gives a Canadian student Formula One™ career opportunityINFINITI gives a UAE student the Formula One career opportunity of a lifetimeAbout Infiniti Infiniti Motor Company Ltd. is headquartered in Hong Kong with sales operations in over 50 countries. The Infiniti brand was launched in 1989. Its range of premium automobiles is currently built in manufacturing facilities in Japan, the United States, United Kingdom and China. Infiniti plans to also expand manufacturing into Mexico by 2017.Infiniti design studios are located in Atsugi-Shi near Yokohama, London, San Diego and Beijing.Infiniti is in the middle of a major product offensive. The brand has been widely acclaimed for its daring design and innovative driver-assistance technologies.From the 2016 season, Infiniti is a technical partner of the Renault Sport Formula One team, contributing its expertise in hybrid performance.More information about Infiniti, its Total Ownership Experience® and its industry leading technologies can be found at InfinitiUSA.com. For the latest news on Infiniti, visit InfinitiNews.com. You can also follow us on Facebook, Twitter, Instagram, LinkedIn and see all our latest videos on YouTube. # # #

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Juho Hanninen named as TOYOTA GAZOO Racing WRC driver in 2017!

by News Feeder, 06-09-2024, 05:37 AM

TOYOTA GAZOO Racing is delighted to announce that Finnish driver Juho Hänninen and his co-driver Kaj Lindström will compete in the 2017 FIA World Rally Championship.

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GT Academy Race Camp ready to kick off at Silverstone

by News Feeder, 05-09-2024, 05:11 PM

SILVERSTONE, UK – This week, 36 gamers descend on Silverstone hopeful of following in the footsteps of GT Academy stars Jann Mardenborough, Lucas Ordóñez and Bryan Heitkotter.Six finalists from Mexico, Indonesia, Australia, North Africa (Algeria, Egypt & Morocco), Thailand and the Philippines have earned the opportunity through live events held in each country. The prize for the winner of Nissan GT Academy 2016: represent Nissan at the Dubai 24 Hours in January 2017.More than 135,000 entrants visited Nissan dealerships, shopping malls, exhibitions and hotels to enter the competition using a unique demo version of Sony's new flagship GT Sport game, which is not yet available to anyone else in the world.The top 20 in each region then took part in regional finals where they were they had their physical capabilities tested, their mental strength stretched and their real world driving skills assessed.This week at Silverstone, they will be stretched even further as they do battle for the opportunity to become an official NISMO athlete. Recent GT Academy winners including Australia's Matt Simmons, France's Romain Sarazin and Mexico's Ricardo Sanchez (who competed for Nissan this year in the Blancpain GT Series).Inaugural winner Lucas Ordóñez was also part of the Blancpain line-up this year after previously competing in Japan. Jann Mardenborough took second place in the Japanese Formula 3 championship and also sits in second place in the Super GT GT300 class with only one race weekend remaining. Former American winner Bryan Heitkotter finished fifth in the Pirelli World Challenge Championship in the U.S., including a dominant weekend in Salt Lake City where he took two victories.For the very first time in GT Academy's history, a female finalist is in the mix. Elysse Menorca from The Philippines has proved #SheDares with Nissan and heads to Silverstone with her sights firmly set on the motor racing prize of a drive at the prestigious Dubai 24 hour race.GT Academy 2016 also welcome its oldest competitor to date, 46-year-old Kanokphan Wathanakitanan from Thailand, who has proved age does not have to be a barrier to entry in a competition that is accessible to all.Get updates through the week here:Facebook.com/GTAcademyTwitter.com/GTAcademy NISMO CalendarOctober 22-23 ELMS, Estoril, Portugal Australian Supercars, Gold Coast, Queensland, AustraliaNovember 5-6 FIA WEC, Shanghai, China Australian Supercars, Pukekohe, New ZealandNovember 12-13 Super GT, Twin-Ring Motegi, JapanNovember 19-20 FIA WEC, Bahrain # # #ContactJane Johnstone Marketing Communications Director Global Motorsport Communications Nissan/NISMO Phone: +44 7979 710646 Email: [email protected] Ryan Marketing and PR Manager Phone: +1 678 644 0404 Email: [email protected]

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How to get broadband into your garage ???

by Moley, 04-09-2024, 12:50 PM

Just a quick question for the technical minded people here.

What are the options for getting broadband into my garage.

Can you split into your phone line where it comes into the house and run a cable from there ?

Cheers moley

Home Win for Toyota GAZOO Racing

by News Feeder, 04-09-2024, 11:20 AM

Toyota GAZOO Racing earned its first victory of the season on home ground in an epic 6 Hours of Fuji, the seventh round of the 2016 FIA World Endurance Championship (WEC).

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New from Brum

by CarlBR, 03-09-2024, 04:49 AM

Hey all new to the scene and new to Jap imports, got myself and my family a 1996 estima Lucida 2.4s, loving her so far, currently working on some bodywork issues and some internal styling too, look forward to chatting with you all

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