Japan’s automakers join ranks to ease grid anxiety

Leaf-in-Iwaki-Factory1

Dares to question the viability of the battery-powered vehicular motion,  and makers of electric vehicles will raise their hands and point fingers at the haphazard charging infrastructure. A last year’s Tokyo Motor Show, Nissan’s Carlos Ghosn said that there is no range anxiety. There is an anxiety that there is no place to charge when the range is exhausted, he said. Instead of waiting for the chicken to come out of the egg, Japanese automakers are getting together to do something about it. [Continue Reading]

Sold for cash and left for dead, Mazda and Mitsubishi return to profitability

About $100, but buys much less

 

Last year, the Japanese yen returned to barely normal from vastly overrated (those who call the Japanese currency “undervalued” are invited to Tokyo to see how far those allegedly cheap yen go – taking the subway to the press conference and back costs $10). No one was more relieved about this than Japan’s second-tier automakers. With most of their production still in Japan, companies like Mazda or Mitsubishi suffered the most from the obscenely high currency. Now suddenly, it is possible again to make a profit by making cars at home. For the first nine months of its fiscal, Mazda booked an operating income of 124.6 billion yen ($1.23 billion), up 534%. Mitsubishi Motors delivered operating income of 55.4 billion yen ($548 million) in the same period, an increase of 135%. [Continue Reading]

Le Comeback: Renault returns to America, under Mitsubishi cover

Le Car - Picture courtesy photobucket.com

Renault hasn’t sold cars in the U.S. since the post-disco-era and the sale of AMC to Chrysler. Renault cars are about to return to the Promised Land, albeit in Mitsubishi mufti.

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