Automobile industry
As the story of Volkswagen's alleged bribery and kickbacks emerges, comparisons are being drawn with the notorious Elf scandal that engulfed France's second-largest oil company in the 1990s. At the center of the controversy is Peter Hartz, the head of personnel and a member of Volkswagen&
Automobile industry
Bernd Pischetsrieder, Volkswagen's CEO, is set to visit Brussels tomorrow amidst growing concerns over the future of the German carmaker's factory there. The Brussels plant, which employs 5,700 workers and produces the Golf hatchback and Audi A3 models, is understood to be on the chopping
Automobile industry
Nissan's joint venture with major Chinese automaker Dongfeng Motor Corp. has more than tripled its sales in the first half, selling 66,476 cars compared to the same period last year. This growth is significant, although it is worth noting that the base sales figures were lower compared
Automobile industry
Japanese automakers and trading companies surged to the top operating profit rankings in the US and Europe in fiscal 2004, according to Nihon Keizai Shimbun Inc. Toyota Motor Corp. took the top spot with a 14% increase in operating profit to 447.5 billion yen, followed closely by Nissan Motor
Automobile industry
The country's top five automakers showed a remarkable recovery in May, with scandal-tainted Mitsubishi Motors Corp. marking its first sales increase in 17 months. This significant turnaround was largely attributed to a 2.7% rise in minicar sales. Toyota Motor Corp. maintained its position as the leading car
Automobile industry
Japanese automakers Nissan Motor Co., Toyota Motor Corp., and Honda Motor Co. are investing heavily in their US sales networks, with a focus on renovating local dealerships to better compete with American automakers. This move follows the steady increase in production in the US and is expected to give them
Automobile industry
Nissan Chemical Industries Ltd., a Tokyo-based chemical company, is set to report a significant increase in operating profit for the fiscal half ending September 30, driven by robust demand for electronic materials. The company's executives had initially projected a small drop in interim operating profit for the chemicals
Automobile industry
Japanese automakers are increasingly setting up sales companies in Russia, driven by the country's rapidly expanding auto market and favorable economic conditions. Nissan, Honda, Toyota, and Mitsubishi are among the companies establishing a presence in Russia to capitalize on the growing demand for foreign vehicles. The market is
Automobile industry
A unique blend of policing, dance, food, and culture has filled television screens this week. From the motorways of New Zealand to the bustling streets of India and Morocco, viewers have been transported to diverse worlds through various documentary and reality television programs. Motorway Patrol's Constable Jane Faith
Automobile industry
A tragic series of collisions in Jacksonville led to the death of a 20-year-old man, injuries to multiple individuals, and a chain-reaction crash involving a tractor-trailer. The Florida Highway Patrol reported that at 2:28 a.m. Sunday, Evan Lloyd Graham died after crashing his GMC pickup into a Nissan
Automobile industry
Nissan Motor Co. has launched the Otti minicar, a new line produced by Mitsubishi Motors Corp. on an original equipment manufacturer (OEM) basis. The Otti is available in two- and four-wheel-drive versions, with four grades for each type, priced between 955,500 yen and 1.49 million yen. This move
Automobile industry
Nissan Motor Co. is set to raise its combined executive compensation ceiling from 2 billion yen to 2.6 billion yen at its upcoming shareholders meeting, a move aimed at accommodating the planned expansion of its board. This increase would lift the current compensation limit, already one of the highest
