Suzuki is the next car manufacturer, in a line of many more expected, to admit to some wrong-doing when it comes to claiming its official fuel economy figures. The Japanese company was being investigated as part of regular checks under the instruction of the Ministry of Land, Infrastructure, Transport and […]
Industry
Mitsubishi president Tetsuro Aikawa resigns following fuel economy scandal
Japanese media is reporting the resignation of Tetsuro Aikawa, Mitsubishi’s president, in the aftermath of the fuel consumption controversy that has embroiled the manufacturer. According to Nikkei Asian Review, Aikawa has fallen on his sword and will hand his position over to Osamu Masuko (below), currently Mitsubishi Motor’s CEO. Masuko […]
Nissan buying 34% of Mitsubishi Motors for 237 billion yen
It’s official, Nissan is purchasing a 34 per cent stake in Mitsubishi Motors following reports and rumours over the past 24 hours. Mitsubishi confirmed the news in a statement, saying the strategic alliance will extend an existing partnership between the two Japanese companies. Nissan bought the slice for 237 billion […]
Nissan to take controlling stake in Mitsubishi Motors – report
In a possible takeover move, Nissan is considering investing 200 billion Ye (US $1.84 billion) in Mitsubishi, giving it a controlling stake in the embattled Japanese manufacturer. This could be part of a plan to dig Mitsubishi out of trouble regarding the recent fuel consumption scandal. It’s understood the boards […]
Manildra lied about employment figures to pass ethanol legislation
Ethanol producer Manildra has been forced to clarify figures, following revelations it falsified numbers given to the NSW government when lobbying for new legislation. The bill was introduced to parliament by innovation and better regulation Minister, Victor Dominello, who told parliament the reform would create 3000 jobs and flow-on into […]
Australian vehicle sales for April 2016 – Mercedes moves into 9th overall
The Australian Federal Chamber of Automotive Industries has released the national VFACTS vehicle sales figures for April 2016, and it looks like Ford has overtaken Holden for the first time in years. Mercedes-Benz also proved premium is the new trend. In the top 10 best-selling vehicle brands list Ford jumped […]
Volkswagen reaches agreement with US authorities over dieselgate
Following unsuccessful attempts, Volkswagen and the US Department of Justice have reached an agreement on resolving the fallout of the so-called dieselgate emissions scandal. The deal was brokered by Robert Mueller, a former FBI director, in conjunction with the US Department of Justice, Environmental Protection Agency, California Air Resources Board […]
Apple hires ex-Tesla engineer to work on ‘Titan’ project
Forward-looking clean-energy magazine Electrek reports that one of Tesla’s most senior engineers has been poached for the upcoming Apple car project, codenamed Titan. Continuing a trend of Tesla personnel migrating to Apple, which is what has driven most of the speculation the Cupertino company is developing a car, the magazine […]