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Nissan completes 34% stake in Mitsubishi Motors; Mitsubishi joins Renault-Nissan Alliance

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has completed an acquisition of a 34% equity stake in Mitsubishi Motors (MMC) ( earlier post ) and has become its largest shareholder. With the addition of MMC, the Alliance will be in the world’s top three automotive groups by global volumes, with sales of 10 million units in fiscal year 2016. Nissan Motor Co., Earlier post.)

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Renault, Nissan, Mitsubishi 6-year plan sees 12 pure EV models launched on common platforms, 40 models with autonomous drive

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The Alliance of Renault, Nissan and Mitsubishi announced their six-year plan—Alliance 2022—which sets a new target to double annual synergies to €10 billion by the end of the plan. This year, Renault, Nissan and Mitsubishi Motors became the world’s largest automotive group by sales volume.

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Nissan taking 34% stake in Mitsubishi Motors for $2.17 billion; expanding the Alliance model at a good discount

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Following an MMC share issue, Nissan Motor will take a 34% equity stake in Mitsubishi Motors Corporation (MMC) for ¥237 billion (US$2.17 Nissan was the one which first brought the discrepancies in minicar testing to light; MMC produces minicar models for Nissan in Japan. Earlier post.). It is expected to close by the end of the year.

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Daimler starts production of FUSO eCanter in Europe; first series all-electric light-duty truck

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Mitsubishi Fuso Truck and Bus Corporation (MFTBC) has started production of the all‑electric light-duty truck Fuso eCanter in Tramagal, Portugal. The Fuso eCanter is produced in line with the conventional Canter light-duty truck at the Tramagal plant. Earlier post.) Fuso is a brand of Daimler Trucks Asia. Click to enlarge.

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Renault’s new 2017-2022 plan: 8 EVs, 12 electrified models, 15 autonomous models

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million units2 sold in 2016, as the company expands its product range, including in LCV and new electric vehicles and builds on success of its global access range. Groupe Renault key assets: Globalizing light commercial vehicle (LCV) range; becoming a top global player. Connected – 100% vehicles connected in key markets.

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CRU: EVs will transform aluminum demand

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Sales of New Energy Vehicles (NEVs) grew by more than 40% year on year globally in 2016. Increased aluminum usage in internal combustion engine (ICE) cars is in great part due to the light-weighting benefits of aluminum. Nonetheless an undershoot in battery advances will be a boon to aluminum sheet to light weight and extend range.

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Automakers Support Obama Administrations Development of National Program for Reducing Carbon Emissions and Fuel Consumption

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The US auto industry, via the Alliance of Automobile Manufacturers, is lining up to support a new national, harmonized program to reduce carbon emissions and fuel consumption that President Obama will announce on Tuesday, 19 May. —Dave McCurdy, president and CEO, Alliance of Automobile Manufacturers. Earlier post.).

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