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Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low

15 hours ago DieselGasoil Comments Off on Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low
TOKYO (Reuters) – Nissan Motor Co slashed its full-year profit forecast to its lowest in nearly a decade due to weakness in the United States, just as it adjusts to life without Carlos Ghosn and charts its future with alliance partner Renault SA. FILE PHOTO: A Nissan logo is pictured during the media day for Read More

Adding to Ghosn woes, Nissan set to further slash profit outlook: report

17 hours ago DieselGasoil Comments Off on Adding to Ghosn woes, Nissan set to further slash profit outlook: report
TOKYO (Reuters) – Nissan Motor Co Ltd could be heading for a bigger-than-expected earnings drop due to weakness in its top markets, just as it adjusts to a future without Carlos Ghosn and grapples with the outlook of its alliance with France’s Renault SA. FILE PHOTO: A Nissan logo is pictured during the media day Read More

Didi-SoftBank taxi-hailing JV expands to 13 cities across Japan

18 hours ago DieselGasoil Comments Off on Didi-SoftBank taxi-hailing JV expands to 13 cities across Japan
FILE PHOTO: The logos of Didi Chuxing and SoftBank are pictured during a news conference about their Japanese taxi-hailing joint venture in Tokyo, Japan, July 19, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Didi Mobility Japan, a joint venture (JV) by China’s Didi Chuxing and SoftBank Corp, said on Wednesday that it would expand its taxi-hailing Read More

U.S. expands air bag defect probe to 12.3 million vehicles

1 day ago DieselGasoil Comments Off on U.S. expands air bag defect probe to 12.3 million vehicles
WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said on Tuesday it is expanding a probe into potentially defective air bags to 12.3 million vehicles and upgrading it to an engineering analysis, a step required before it can seek to compel recalls. FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Read More

Pence to visit Michigan to tout new North American trade deal

1 day ago DieselGasoil Comments Off on Pence to visit Michigan to tout new North American trade deal
WASHINGTON (Reuters) – U.S. Vice President Mike Pence will visit southeast Michigan on Wednesday to make the case that the North American trade deal intended to replace NAFTA would boost the auto industry, the White House said on Tuesday. FILE PHOTO: U.S. Vice President Mike Pence speaks to reporters outside the United Nations Security Council Read More

China to support hydrogen and fuel cell vehicles to go green

1 day ago DieselGasoil Comments Off on China to support hydrogen and fuel cell vehicles to go green
BEIJING (Reuters) – China will push ahead with the development of China’s hydrogen energy and fuel cell vehicle industry, a government official said on Tuesday, as part of wider efforts to promote green energy in the world’s largest auto market. “Hydrogen fuel cell vehicles and pure electric vehicles with lithium batteries are important technical routes Read More

U.S. petroleum product exports set record high in 2018

1 day ago DieselGasoil Comments Off on U.S. petroleum product exports set record high in 2018
April 23, 2019 U.S. exports of total petroleum products set a record high in 2018, reaching an annual average of 5.6 million barrels per day (b/d), an increase of 366,000 b/d from 2017 levels. The three largest petroleum product exports from the United States in 2018 were distillate, propane, and motor gasoline. U.S. exports of Read More

Nissan to reject new integration proposal from Renault – Nikkei

2 days ago DieselGasoil Comments Off on Nissan to reject new integration proposal from Renault – Nikkei
FILE PHOTO: Renault CEO Thierry Bollore, Renault Chairman Jean-Dominique Senard, Nissan CEO Hiroto Saikawa, Mitsubishi Motors Chairman and CEO Osamu Masuko cast their shadows at a joint news conference in Yokohama, Japan, March 12, 2019. REUTERS/Kim Kyung-Hoon (Reuters) – Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and Read More