#MITSUBISHI

Nissan Braces for a Break with Renault

A team of high-level executives at Nissan is stepping up what-if plans to go it alone should the company’s 20-year-old alliance with Renault fall apart.

How Ghosn Got from Tokyo to Beirut

Carlos Ghosn’s dash to Lebanon last weekend to avoid prosecution in Japan has all the trappings of a “Mission Impossible” movie.

EV Startup Rivian Gets $1.3 Billion in New Funding

Electric car startups are still attracting major funding from hopeful investors. The latest example: $1.3 billion landed by Michigan-based Rivian Automotive.

PSA, Fiat Chrysler Agree to Merge

The auto industry contemplates its biggest merger ever, as Fiat Chrysler Automobiles and PSA Group formally agree to $47 billion deal.

China’s GAC Motor Pivots from U.S. to Russia

Six months ago, Chinese carmaker GAC Motor suspended plans to break into the U.S. market. Last week it began selling SUVs in Russia.

November Car Sales Tepid in Europe

Weak new-car deliveries in Europe totaled 1.18 million units, up only 5% over a depressed sales period at this time last year.

Renault Zeros in on a New CEO

Renault aims to hire away a senior Volkswagen group executive to become its CEO, according to media reports.

Fiat Chrysler, PSA Ready to Sign Merger Pledge

It will be a very big deal, literally, when PSA Group and Fiat Chrysler Automobiles formalize their plan next week to merge.

Toyota RAV4 Named Japan Car of the Year

The Toyota RAV4 crossover has been designated Japan Car of the Year for 2019.

Renault-Nissan Alliance Names Overseer

Hadi Zablit, who heads business development for the Renault-Nissan-Mitsubishi alliance, has been named to oversee the 20-year-old partnership.

Renault-Nissan to Name Alliance Chief

Renault, Nissan and Mitsubishi Motors say they will install a general secretary to oversee and coordinate the activities of their 20-year-old alliance.

Mitsubishi Motors Moves U.S. HQ to Tennessee

Mitsubishi Motors Corp. confirms it will relocate its North American headquarters from Cypress, Calif., to Franklin, Tenn., next spring.

Subaru, Mitsubishi Cut Forecasts as Sales Cool

Subaru Corp. and Mitsubishi Motors Corp. are the latest Japanese carmakers to lower their sales and profit guidance, blaming sagging demand and a stronger yen.

Veoneer Exits Braking JV

Veoneer Inc. has agreed to sell its 51% stake in a brake systems joint venture to partner Nissin-Kogyo Co. and Honda Motor Co. for $176 million.

Renault: New Business Customers Wanted

Renault SA tells analysts it wants to find new business partners to supply with vehicles and components.

Mitsubishi Hybrid Concept Gets Turbine Generator

Mitsubishi Motors Corp.’s plug-in hybrid Mi-Tech concept car teams four electric motors with a small turbine generator, a setup the carmaker aims to use in future compact vehicles.

Report: Cobee to Head Citroen

Vincent Cobee, who left Mitsubishi Motors Corp. in April, will succeed Linda Jackson as CEO of PSA Group’s Citroen unit, Automobilwoche reports.

Renault in No Rush to Rebalance Nissan Alliance

Renault SA Chairman Jean-Dominique Senard says his priority is to strengthen the company’s alliance with Nissan Motor Co., not to rebalance the equity structure of their partnership.

Nissan Names New Leadership Team

Nissan Motor Co.’s board has chosen Makoto Uchida, a senior vice president and former head of the company’s China operations, to take over as CEO.

Mitsubishi Concept Previews AWD Series-Hybrid Tech

Mitsubishi Motors Corp.’s new Mi-Tech concept crossover features a plug-in hybrid system that teams four electric motors with a small gasoline-fueled turbine generator.

Renault’s Chairman Interviews Nissan CEO Candidates

Three finalist candidates to become CEO at Nissan Motor Co. reportedly have been personally interviewed by Renault SA Chairman Jean-Dominique Senard.

U.S. Sales Drop 13% for Foreign Brands

Sales of foreign-brand passenger vehicles in the U.S. fell 13% to 704,300 units in September.

Report: Nissan Cuts CEO Field to 3 Candidates

Nissan Motor Co. is focusing on three candidates to take over as CEO, sources tell The Wall Street Journal.

Amazon Orders 100,000 Rivian Electric Vans

Amazon.com Inc., which led a $700 million investment round in Rivian Automotive LLC earlier this year, has agreed to purchase 100,000 electric vans from the Plymouth, Mich.-based startup company.