Mitsubishi Motors
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Mitsubishi to cross-produce with Renault in Turkey
Mitsubishi Motors will bolster its line-up in Europe through locally producing the new Colt model in Renault Group plants in the northwestern province of Bursa on the horizon of 2023.
Dialing up the alliance with the carmaker Mitsubishi, Renault Group announced a win-win strategy on April 5.
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Nissan hikes net profit forecast again despite chip shortage
Nissan on Feb. 8 hiked its annual net profit forecast again on strong interim results, aiming to weather the global chip shortage as it shifts focus to electric vehicles.
The Japanese car giant now expects yearly net profit to March 2022 of 205 billion yen ($1.8 billion), having already tripled its annual profit outlook in November to 180 billion yen.
Renault reports suspension of planned capacity increase projects in Morocco, Romania to cut costs
Group Renault announced on Friday it was suspending planned capacity increase projects in Romania and Morocco as part of a plan to reduce fixed costs globally. According to a press statement released by the French group, the objective of reducing fixed costs by more than 2 billion euros over 3 years aims to restore the group's competitiveness and ensure its long-term development.