Nissan agrees to takeover Mitsubishi with a $2.29 billion investment; Masuka to stay

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  20 Oct 2016 , 17:22

Nissan Motor Co Ltd said on Thursday it had completed a deal to take a controlling stake in Mitsubishi Motors Corp, and would be retaining the embattled automaker’s chief executive to ensure its recovery from a mileage cheating scandal. Japan’s No. 2 automaker has agreed to make a 237 billion yen ($2.29 billion) investment to acquire a 34 percent stake in Mitsubishi Motors, making it the single largest shareholder in its smaller peer.

The deal will make Mitsubishi Motors a member of an alliance between Nissan and French automaker Renault. The two companies said that the partnership would generate significant synergies in areas including purchasing and

Brazil and India will not get self-driving cars till drivers are disciplined, says Renault Nissan head

#SELF-DRIVING CARS

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  30 Sep 2016 , 17:31

Autonomous cars will first hit the streets of nations where drivers are “disciplined” and “respect the rules”, the Renault-Nissan group boss said Thursday.

In an unequivocal stab at the “flexible” approaches to mapping and driving rules in countries like Brazil and India, Carlos Ghosn said the futuristic vehicles would remain off the cards there for now.

“You need to have a mapping which is precise and reliable… You need to have also driving rules which are being respected, because autonomous cars respect the rules,” Carlos Ghosn told reporters at the Paris motor show.

“You know very well that in some cities in Brazil, this is a joke, you live in Brazil, I live in Brazil, at night cars don’t stop at the red light. Nobody stops.”

The Renault-Nissan alliance plans to launch at least 10 driverless cars by 2020.

Ghosn also said that in India’s sprawling metropolis Mumbai, “people don’t always respect the rules.”

He said he believed self-driving cars would come first “to very disciplined driving countries” like Japan, the United States, France or Germany.

“And then little by little we’re going to apply the technology for countries where things are a little bit more flexible.”

AFP