Mitsubishi Archives — City Business News

May 21, 2022 No Responses

Nissan, Mitsubishi Unveil Light Electric Vehicles

Japan’s Mitsubishi Motors Corp and Nissan Motor Co unveiled their first jointly developed light electric vehicles (EVs), aiming to draw more Japanese drivers to battery-powered cars by offering low-priced micro models. According to Reuters, the two Japanese automakers, part of...

January 28, 2022 No Responses

Nissan Alliance To Invest $25b In Electric Vehicles

The Nissan auto alliance said Thursday it will invest more than $25 billion in electric vehicles over the next five years, marking the latest massive cash injection into the fast-growing sector by the auto industry.Nissan, Renault...

July 13, 2021 No Responses

Mitsubishi Pays €25m Fine To Settle Emission Fraud Allegations

Japanese automaker Mitsubishi Motors confirmed Monday it paid a 25 million euro fine issued by German prosecutors over emissions fraud allegations earlier this year.German authorities last year raided 10 sites as part of a probe into suspected diesel emissi...

August 8, 2020 No Responses

Mitsubishi Motors Chairman Steps Down

Mitsubishi Motors Corporation chairman, Osamu Masuko on Friday resigned due to health reasons and has handed over the role to Chief Executive Officer to Takao Kato on a temporary basis.Masuko joined the automaker in 2004, and became president i...

August 5, 2020 No Responses

Mitsubishi To Begin Car Production In Myanmar

Mitsubishi Motors is considering building vehicles in Myanmar, as the Japanese automaker deepens its commitment to Southeast Asia. The Japanese automaker already has a production base in Vietnam, as well as in Thailand, Indonesia and the Philippines. A...

August 1, 2020 No Responses

Massilia Reveals New Mitsubishi Pajero Sports At First Virtual Car Launch In Nigeria

By Moses Ebosele, ebosele@hotmail.com — New Mitsubishi Pajero Sports officially commenced its sojourn in Nigeria on Friday courtesy Massilia Motors, sole distributor of Mitsubishi Motors in Nigeria. Unveiling the new Sports U...

July 23, 2020 No Responses

Mitsubishi May Shut Down Pajero Plant

Japan’s Mitsubishi Motors is considering shutting down its Pajero subsidiary and closing a factory in central Japan that produces the sport-utility vehicle of the same name. According to Reuters, Mitsubishi is considering shutting&n...

May 28, 2020 No Responses

Renault-Nissan-Mitsubishi Presents New Business Model

As part of measures to enhance competitiveness and profitability, members of one of the world’s leading automotive alliances, Groupe Renault, Nissan Motor and Mitsubishi Motor Corporation on Wednesday announced several initiatives.Under the arrangement, memb...

May 20, 2020 No Responses

Mitsubishi Motors Declares 89 Per Cent Drop In Profit

Mitsubishi Motors Corporation will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend.The coronavirus crisis has...

April 29, 2020 No Responses

Mitsubishi Motors Seeks $2.8b Loans

Mitsubishi Motors has requested 300 billion yen ($2.8 billion) in financing from domestic and foreign lenders as the coronavirus pandemic clouds the outlook for the auto industry This total includes 200 billion yen from Japanese private- and public-sector fina...

April 25, 2020 No Responses

Mitsubishi Motors Predicts Losses, Drop In Sales

Japanese automaker, Mitsubishi Motors Corporation on Friday predicted 26 billion yen ($240 million) in losses for the fiscal year through next March, as sales plunge because of the coronavirus pandemic. Tokyo-based Mitsubishi, allied with Nissan Motor Company ...

May 19, 2019 No Responses

Mitsubishi Motors CEO Steps Down

Mitsubishi Motors Corporation has said that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia. Masuko will retain his role as chairman of the board, Mitsu...

April 9, 2019 No Responses

Massilia Motors Unveils New Mitsubishi L200 Pickup

In its bid to continuously satisfy its teeming customers in Nigeria, Massilia Motors, sole distributor of Mitsubishi vehicles in Nigeria and a joint venture between CFAO and CHANRAI Group, has revealed the all new Mitsubishi L200 Pickup. Unveiled in an.....

December 20, 2018 No Responses

NAJA Awards Confirms Mitsubishi Motors Repositioning In Nigeria

Mitsubishi Motors has once again hit the headlines with its recent recognition by the Nigeria Auto Journalists Association (NAJA) Awards at the 2018 edition held in Lagos. Massilia Motors, sole distributor of Mitsubishi vehicles in Nigeria, a joint venture con...