Focusing on new trends in traditional car companies, Mitsubishi Motors will join the Honda-Nissan alliance, and Mitsubishi Motors, which is 34% owned by Nissan Motors, will join the alliance between Honda Motors and Nissan Motors.
The details of the strategic partnership are currently being finalized.
The three companies plan to standardize the in-vehicle software that controls cars.
Nissan Motor Co., Ltd. cuts production at its largest factory in Japan by one-third this month, including cutting production of a flagship crossover model, as it struggles to cope with weak demand in the U.S. market because of its aging product line, two people familiar with the matter said.
Due to pressure from the Chinese market, Mercedes-Benz lowered its full-year profit margin forecast.
On July 26, Mercedes-Benz announced that the group’s second-quarter profit before interest and tax fell by 19.
1%, of which the adjusted earnings of the automotive division fell by 27.5%. Due to sluggish demand for electric vehicles, fierce competition in the Chinese market, supply bottlenecks and high interest rates, Mercedes-Benz lowered its annual profit margin forecast and expects this year’s adjusted sales return to be between 10% and 11%, lower than the previous 10%-12% target range.
Toyota will build an electric vehicle battery factory for Lexus vehicles.
Toyota Motor plans to establish an electric vehicle battery factory in Fukuoka Prefecture, southwestern Japan, to supply batteries to a factory that produces luxury Lexus-branded vehicles.
It is reported that Toyota is seeking to make Kyushu, where Fukuoka is located, the center of its battery-powered vehicle supply chain and an Asian export base.
Renault Group will produce the new Twingo at its factory in Slovenia.
Renault Group has signed a cooperation agreement with the government of Slovenia, confirming that it will produce the new Twingo electric vehicle at its factory in Novi Mesto, Slovenia.
The new production line will be completed in 2026, with a target production capacity of 150,000 units.
Ferrari is about to start accepting cryptocurrency payments in Europe, announcing that its European dealers will start accepting cryptocurrency as a payment system from the end of July.
The company is working with multiple companies in the cryptocurrency payments space to develop its system that will make it easier for dealers to accept payments, will allow verification of funding sources, and protect transactions from exchange-related price fluctuations.
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