When merger talks between Nissan and Honda ended in February, a Toyota executive contacted Nissan to see how the world’s biggest automaker might help its troubled rival, a Japanese media report says.
The once-dominant Japanese carmaker is restructuring to address a slump in global sales and profitability in the face of rising competition from China’s fast-growing electric vehicle sector.
VW's controlling families, the Porsches and Piechs, lack expertise and are to blame for the automaker's languishing share price, shareholders said at the company's annual meeting.
The GranTurismo coupe and GranCabrio Maserati convertible models are currently built at Mirafiori, which is gearing up for the launch later this year of the new hybrid version of Fiat 500, a key model for the group.
BYD, which is building an EV plant in Hungary, said the new European center will be a hub for sales and after-sales services, for testing and for developing localized versions of the company's models.
Nissan CEO Ivan Espinosa said his company is willing to help Dongfeng to produce its models outside of China. Dongfeng could avoid import tariffs by using Nissan's global production network.
Toyota is likely to be the worst hit by President Donald Trump’s tariffs. Nissan and Honda also expect a big impact.
With a lack of fresh models, new tariffs in its biggest market, and sharp competition from local and Chinese rivals, Nissan's turnaround plan faces big challenges.
Werner Tietz, who has played a key role in shaping innovation at brands such as Audi, Porsche, Bentley and Seat, will lead VW Group's efforts to stay competitive in software-defined cars and EVs.
Yasa’s tiny-but-powerful axial-flux electric motors can be found in hybrids sold by Ferrari, Lamborghini, McLaren and Koenigsegg.
