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Search resuls for: "EV carmakers"


3 mentions found


☆ Here’s what a blockbuster Nissan-Honda merger could mean for the auto industry
  + stars: | 2024-12-18 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +6 min
In this article 7267.T-JP7201.T-JP Follow your favorite stocks CREATE FREE ACCOUNTNissan Motor CEO Makoto Uchida (L) listens to Honda Motor CEO Toshihiro Mibe (R) attend a joint press conference on March 15, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty ImagesTop Japanese carmakers Nissan Motor and Honda Motor are understood to be exploring a blockbuster merger, sending shock waves through the global automotive industry as the two rival companies seek to stay competitive on the road to full electrification. The prospective tie-up could create the world's third-largest auto group by vehicle sales, with 8 million sales annually, according to Citi. Nissan and Honda previously forged a strategic partnership in March to collaborate on producing key components for EVs. It's been trying to equalize or balance out its relationship with Renault, but it's been struggling," Wells told CNBC's "Street Signs Europe" on Wednesday.
Persons: Makoto Uchida, Toshihiro Mibe, Tomohiro Ohsumi, Peter Wells, There's, It's, it's, Wells, CNBC's, Cardiff Business School's Wells, Akira Kishimoto, Kishimoto, Lucinda Guthrie, I've, Foxconn, Guthrie Organizations: Nissan, Honda Motor, Getty, Honda, Nikkei, Mitsubishi Motors, Citi, Mitsubishi, Toyota Motor, Volkswagen, French, Renault, Cardiff Business School's, Automotive Industry Research, EV carmakers, U.S, Visual China, JPMorgan, Bloomberg, CNBC, General Motors Locations: Tokyo, Japan, New York, Jinhua, Zhejiang Province, China, Canada, Taiwan, EVs, Richmond , California
☆ Tesla may try to rehire some of the employees it laid off
  + stars: | 2024-05-01 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +3 min
The Tesla CEO may be rehiring some of the laid off staff, according to a Bloomberg report. Musk confirmed a slower growth rate for Tesla, which could impact other EV carmakers. Still, the job cuts concerned EV executives at companies like Rivian, Ford, and General Motors, according to the Bloomberg report. AdvertisementThe departure of the senior director for charging infrastructure, Rebecca Tinucci, meant these brands lost a main point of communication, the Bloomberg report said. "It may be possible Mr. Musk will reconstitute the EV charger team in a bigger, badder, more Muskian way," Pinter said.
Persons: Elon, Tesla, Musk, —, Elon Musk, Rebecca Tinucci, Andres Pinter, Pinter Organizations: Bloomberg, Tesla, carmakers, Service, General Motors, Solutions, Reuters
☆ Carmakers are poised for EV race to the bottom
  + stars: | 2023-04-20 | by ( ) www.reuters.com   time to read: +2 min
On Thursday, the near 10 billion euro carmaker Renault (RENA.PA) appeared to have finally turned a corner after a painful pandemic. A Tesla-induced price war would be particularly painful for European carmakers like Renault, which is forecast to record an abysmal operating margin of around 6% this year, Refinitiv data show. But if Musk’s plan works and he hoovers up market share, Renault and its peers may have no choice. The party for European EV carmakers could be over just as it started. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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