Honda-Nissan-Mitsubishi alliance completes Japan car industry consolidation

  • 📰 therealautoblog
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Japan’s carmakers are using a combine-and-compete strategy defined by batteries and software, with Honda, Nissan and Mitsubishi joining forces. Toyota, Subaru, Suzuki and Mazda have done the same.

Makoto Uchida , president and CEO of Nissan, and Toshihiro Mibe, director, president and representative executive officer of Honda, at a press conference in Tokyo on Thursday. Japan?s carmakers are putting the finishing touches on a combine-and-compete strategy for an automotive age defined by batteries and software, with three manufacturers joining forces to complement a separate Toyota Motor Corp.-led coalition. Honda Motor Co. and Nissan Motor Co.

Nissan, Honda and Mitsubishi have been behind the curve in moving to what automakers increasingly refer to as software-defined vehicles, which run on code as much or more than cars of the past were powered by combustion engines. The Japanese government set a target last month for its companies to account for 30% of the software-defined vehicle market in 2030.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 528. in BUSİNESS

Business Business Latest News, Business Business Headlines