Corporate update

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12-01-2019, 02:35 PM
AtomicPunk

Corporate update

The alliance making a new announcement about new auto tech development.

https://finance.yahoo.com/amphtml/ne...065001651.html
12-01-2019, 03:37 PM
Eggman

Nice find.

Here's what I found on Reuters:

Nissan, Renault, Mitsubishi Motors agree to form new venture for advanced R&D: Kyodo

Quote:

Originally Posted by Reuters

The Nissan Motor Co (7201.T), Renault SA (RENA.PA) and Mitsubishi Motors Corp (7211.T) alliance has agreed to form a new company focused on research and development of advanced automotive technologies, Kyodo News said.

The three companies will announce a concrete plan in January, Kyodo reported on Sunday, citing people familiar with the matter. The new venture also aims to strengthen the alliance, in which relationships have frayed since the arrest and ouster of former supremo Carlos Ghosn, according to the report.

Renault, Nissan and Mitsubishi plan to appoint a general secretary to the helm of their partnership to boost cooperation and reboot joint operations.
12-01-2019, 06:03 PM
AtomicPunk

I need to do better about posting the info for easier readability, rather than just the link. My new years resolution!
12-01-2019, 06:17 PM
Dirk Diggler

Only thing I want to read is Toyota is stealing Mitsubishi away from Nissan/Renault. Why why whyyyyyyyyy couldn't Mitsubishi have joined Honda or Toyota instead? Mitsu could of replaced Scion!
12-01-2019, 06:42 PM
Eggman

Quote:

Originally Posted by Dirk Diggler

Only thing I want to read is Toyota is stealing Mitsubishi away from Nissan/Renault. Why why whyyyyyyyyy couldn't Mitsubishi have joined Honda or Toyota instead? Mitsu could of replaced Scion!

It wasn't Mitsubishi's choice. Nissan's Carlos Ghosn bought a controlling stake in Mitsubishi when their kei car fuel economy scandal hit their stock price hard.

It's as if Mitsubishi is a cursed stepchild facing a life of misery.
12-01-2019, 11:44 PM
Wallythacker

Quote:

Originally Posted by Dirk Diggler

Only thing I want to read is Toyota is stealing Mitsubishi away from Nissan/Renault. Why why whyyyyyyyyy couldn't Mitsubishi have joined Honda or Toyota instead? Mitsu could of replaced Scion!

I just finished watching Tucker, The Man and his Dream. It says a lot about how small firms will survive.

Whenever a small innovative company is acquired by a large entity the smaller firm is usually asset stripped, starting with intellectual property, then the carcass gets jettisoned by the wayside as the large entity soldiers on. It's usually best to have the same size players , or close enough, join up to form a new firm.