mikeavelli
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I can appreciate them showing a sedan concept but that front is absolutely ugly. Concept I get it but 🤢
That might be a good thing, no? I personally can’t imagine driving a SUV as a daily.Kids these days love sedans. They grew up in mom's crossover, and you can't fit all your idiot friends into a 2 door.
But what EV? BEVs are dead!Infiniti is still holding strong if you put Jaguar in this equation. Jaguar has halted all the sales in UK until new BEV model arrives. We have yet to see a concept of that model. Jag officials hope concept will see the light of the day in early 2025. That means they don't even have a concept yet.
Among other measures, the automaker will reduce its stake in Mitsubishi Motors by selling shares back to the firm.
It said its stake in Mitsubishi will fall to around 24 percent from 34 percent currently. Uchida added that Nissan would keep close ties with the company.
Probably not much different than right now because they are pretty reliant on each other.Doing this would reduce Nissan's total holdings of Mitsubishi Motors' shares below the magical one-third of total shares. In Japan, ownership of just one-third of total shares gives the holder control of a company. Nissan effectively controls Mitsubishi Motors right now, keeping it afloat.
That is how Ford controlled Mazda -- and kept it afloat -- for so many years, by holding just over one-third of the total shares.
I wonder what will happen to Mitsubishi Motors now?
Nissan Has '12 to 14 Months' Left
Things aren't looking good at Nissan. Dealers are selling cars at a loss, production has slowed, and more recently, the company cut thousands of jobs and sold a third of its stake in Mitsubishi. But it all may have been too little too late.
A new report suggests that the automaker's days are numbered. In an interview with the Financial Times, two unnamed Nissan executives said the company has "12 to 14 months to survive." "This is going to be tough. And in the end, we need Japan and the US to be generating cash," they said.
The company is reportedly looking for a new long-term investor, such as a bank or large insurance group, to replace some of Renault's equity holdings. The company also hasn't ruled out the possibility of longtime rival Honda taking a majority stake in the company, saying "all options" are on the table. Nissan recently signed a partnership with Honda (and Mitsubishi) for long-term EV development.
Renault is even considering selling a portion of its shares to Honda. The French automaker is reportedly looking to restructure its 25-year alliance with Nissan. An unnamed source within the company says that a larger Honda-Nissan partnership would "only be positive" for the French automaker.