Edition:
India

Mitsubishi Motors Corp (7211.T)

7211.T on Tokyo Stock Exchange

225JPY
6 Aug 2020
Change (% chg)

¥1 (+0.45%)
Prev Close
¥224
Open
¥225
Day's High
¥229
Day's Low
¥223
Volume
7,085,000
Avg. Vol
9,192,732
52-wk High
¥534
52-wk Low
¥205

Latest Key Developments (Source: Significant Developments)

Renault Deputy CEO: we may not be able to pay dividend on H2
Thursday, 30 Jul 2020 

July 30 (Reuters) - :RENAULT DEPUTY CEO SAYS WE MIGHT NOT BE IN A POSITION TO PAY DIVIDEND ON H2.  Full Article

Renault CEO: we're finding a good setup in alliance with Nissan
Thursday, 30 Jul 2020 

July 30 (Reuters) - :RENAULT CEO SAYS ON ALLIANCE WITH NISSAN, FIRST PRIORITY FOR BOTH COMPANIES IS TO FIX THEIR INTERNAL MISERIES.RENAULT CEO SAYS WE ARE FINDING A GOOD SETUP IN ALLIANCE.RENAULT CEO SAYS WE ARE MAKING IT VERY PRAGMATIC AND CONCRETE.RENAULT CEO SAYS I AM CONFIDENT WE CAN GIVE A LOT TO EACH OTHER.RENAULT DEPUTY CEO SAYS EXPECTS GOOD MARKET IN Q3, NO VISIBILITY ON Q4.  Full Article

Renault Deputy CEO: we have enough cash to get through tough period
Thursday, 30 Jul 2020 

July 30 (Reuters) - :RENAULT DEPUTY CEO SAYS WE HAVE ENOUGH FINANCIAL RESOURCES TO GET THROUGH THESE DIFFICULT TIMES.RENAULT DEPUTY CEO SAYS BUSINESS IN EUROPE IN JUNE HAS BEEN ENCOURAGING.  Full Article

Renault CEO: We've hit the bottom of the curve
Thursday, 30 Jul 2020 

July 30 (Reuters) - :RENAULT CEO DE MEO SAYS TODAY'S RESULTS ARE A WAKE UP CALL.RENAULT CEO SAYS WE ARE TOUCHING BOTTOM OF NEGATIVE CURVE.RENAULT CEO SAYS WE KNOW WHAT WE NEED TO DO.RENAULT CEO SAYS WE WILL MOVE FROM VOLUME TO VALUE.RENAULT CEO SAYS IT WILL BE TOUGH, WILL NEED STRONG DECISIONS.  Full Article

Renault: Nissan contributed 1.244 bln euros loss to Renault’s Q2 earnings
Tuesday, 28 Jul 2020 

July 28 (Reuters) - Renault SA ::Nissan’s results, published in Japanese accounting standards, will have a negative contribution to Renault’s second quarter 2020 net income estimated at -€1,244 million after IFRS restatements..Nissan Motor Co <<<7201.T>>> said on Tuesday it expects to make an annual operating loss for a second straight year, as the coronavirus pandemic hampers its efforts to emerge from a deep slump in sales. nT9N2DM00T.  Full Article

Renault to cut 1,500 engineering posts in France - BFM TV
Tuesday, 16 Jun 2020 

June 16 (Reuters) - French carmaker Renault ::RENAULT TO CUT 1,500 ENGINEERING POSTS IN FRANCE - BFM TV.  Full Article

Nissan COO: Will Launch 8 New Models In U.S. In Next 28 Mths
Wednesday, 27 May 2020 

May 28 (Reuters) - :NISSAN: PLAN TO RAISE CORE OPERATING PROFIT MARGIN TO 5.0% OR HIGHER BY FY2023.NISSAN COO: WILL LAUNCH 8 NEW MODELS IN US IN NEXT 28 MTHS.NISSAN COO: WOULD LIKE TO USE NEW PRODUCTS TO RAISE BRAND RECOGNITION IN US MARKET.NISSAN COO: SETTING UP SUBSIDIARY BOARD IN US TO FOCUS ON US RECOVERY.NISSAN CEO: IMPROVING CASH FLOW IS OUR BIGGEST CHALLENGE AT THE MOMENT.NISSAN CEO: EXPECT TO BE CASH-FLOW POSITIVE BY SECOND HALF OF FY2021/22.NISSAN COO: PLAN TO GROW CHINA MARKET SHARE TO 12.5% VERSUS 11% AT MOMENT.NISSAN CEO DECLINES TO GIVE DETAILS ON GLOBAL WORKFORCE REDUCTIONS.NISSAN CEO: WE NEED TO ENHANCE OUR PARTNERSHIPS WITH OUR DEALERS, SUPPLIERS TO RECOVER.NISSAN COO: WILL USE THAILAND PLANT TO PRODUCE VEHICLES FOR ASIA, ASEAN MARKETS, GLOBAL EXPORTS.NISSAN COO: WILL CONTINUE NISSAN BRAND IN INDONESIA, FOCUSING ON SUVS, MPVS.NISSAN COO: MITSUBISHI MOTORS TO MAKE GRAND LIVINA MODEL FOR NISSAN IN INDONESIA.  Full Article

Nissan CEO Uchida: Would Like To Prioritise Our Strengths, Improve Operational Efficiency By Leveraging Alliance Assets
Wednesday, 27 May 2020 

May 27 (Reuters) - Mitsubishi Motors <7201.T>::NISSAN CEO UCHIDA: WOULD LIKE TO PRIORITISE OUR STRENGTHS, IMPROVE OPERATIONAL EFFICIENCY BY LEVERAGING ALLIANCE ASSETS.MITSUBISHI CHAIRMAN MASUKO: IN PAST YEARS WE FOCUSED TOO MUCH ON EXPANSION STRATEGY; THIS RAISED OUR FIXED COSTS.MITSUBISHI CHAIRMAN MASUKO: WE MUST CHANGE THIS MINDSET.MITSUBISHI CEO KATO: STILL STUDYING MITSUBISHI'S FUTURE DIRECTION IN EUROPE.  Full Article

Renault wants alliance to focus on competitiveness, efficiency
Wednesday, 27 May 2020 

May 27 (Reuters) - Renault's chairman Jean-Dominique Senard on Wednesday told a news conference::NOW IS THE TIME TO REBUILD.ALLIANCE'S NEW MODEL WILL FOCUS ON COMPETITIVENESS AND EFFICIENCY RATHER THAN VOLUMES.ADDITIONAL POTENTIAL SAVINGS FROM NEW BUSINESS MODEL ARE "TREMENDOUS".NEW BUSINESS MODEL COULD BRING IN 2 BILLION EUROS IN SAVINGS FOR RENEWAL OF SOME MODELS LIKE THE SUV C."LEADER-FOLLOWER" BUSINESS MODEL COULD RESULT IN EFFICIENCY GAINS OF 20% IN AREAS SUCH AS TECHNOLOGY SHARING.RENAULT WILL PURSUE LEADER ROLE FOR LCV.NEW BUSINESS MODEL SHOULD RESULT IN IMPROVEMENT IN RESEARCH AND DEVELOPMENT/CAPEX RATIO.NEW BUSINESS MODEL SHOULD RESULT IN 20% REDUCTION IN ALLIANCE'S PORTFOLIO OF VEHICLES BY 2025.  Full Article

Mitsubishi Motors Says Will Cut Fixed Costs By 20% Or More Versus Current Levels By March 2022
Tuesday, 19 May 2020 

May 19 (Reuters) - :MITSUBISHI MOTORS DECLINES TO ISSUE FINANCIAL FORECASTS FOR 2020/21.MITSUBISHI MOTORS SAYS WILL CUT FIXED COSTS BY 20% OR MORE VERSUS CURRENT LEVELS BY MARCH 2022.MITSUBISHI MOTORS: WILL FOCUS ON CORE MARKET OF ASEAN COUNTRIES TO IMPROVE PROFITABILITY THROUGH MARCH 2022.MITSUBISHI MOTORS: WILL REVIEW CAPEX, RESEARCH AND DEVELOPMENT EXPENSES, REALLOCATE RESOURCES FOR PERSONNEL TO REDUCE COSTS THROUGH MARCH 2022.MITSUBISHI MOTORS SAYS AIMS TO ANNOUNCE MORE DETAILS OF ITS UPDATED MID-TERM PLAN WHEN IT RELEASES Q1 FINANCIAL RESULTS.MITSUBISHI MOTORS: FOCUS FOR NEXT 2 YEARS WILL BE REDUCING COSTS, AFTER THAT WILL FOCUS ON IMPROVING PROFITABILITY.MITSUBISHI MOTORS: 20% CUT IN FIXED COSTS WOULD TRANSLATE INTO SAVINGS OF AROUND 100 BILLION YEN.  Full Article

UPDATE 3-Nissan warns of record loss as pandemic hits turnaround

* Says won't pay a dividend for this year (Adds more comments from company officials, details of results)