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Tag Archives: Automotive

Scandal-hit Nissan’s profits crash amid lower global sales

Japanese automaker Nissan reported Tuesday that its July-September profit tumbled to half of what it earned the year before as sales and brand power crumbled following the arrest of its former chairman, Carlos Ghosn. Yokohama-based Nissan Motor Co.’s fiscal second quarter profit totaled 59 billion yen ($541 million), down from 130 billion yen in 2018. Quarterly sales slipped nearly 7% ...

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Nissan names head of China business to be new CEO

Nissan has tapped the head of its China business, Makoto Uchida, as its new president and chief executive, to help lead a recovery from the leadership crisis and sinking profitability that followed the arrest of its former chairman, Carlos Ghosn, last year. Uchida is replacing Hiroto Saikawa, who resigned after acknowledging receiving dubious income. The Japanese automaker announced Uchida’s appointment ...

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Nissan odd man out in partner Renault’s FCA merger decision

Some Japanese are using an old expression to describe how Nissan was left out of talks that led to the proposed merger between its French alliance partner Renault and Fiat Chrysler Automobiles: “kaya no soto.” That translates to “outside the mosquito net,” or the unlucky person outside the net, getting bitten while others are safe inside. In other words, the ...

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Mac Haik buys Watson Quality Ford

By MBJ STAFF The Mac Haik Automotive Group has purchased Watson Quality Ford. The dealership will operate under the name of Mac Haik Ford and Robert Watson, longtime owner and operator of the dealership bearing his name, will oversee daily operations. Mac Haik Ford will join Mac Haik Chrysler Dodge Jeep Ram in Jackson, Mac Haik Chrysler Dodge Jeep Ram ...

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Ritchey breaking ground on dealerships

By JACK WEATHERLY Ritchey Automotive scheduled a ground-breaking for Thursday at 11 a.m. for a $15 million facility that will be home for two dealerships – Audi Jackson and Jaguar/Land Rover Jackson – on Interstate 55 in Ridgeland. The group announced early last year that it was relocating the franchises from 5320 I-55 in Jackson. Joe Usry, Ritchey general manager, ...

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GreenTech files for bankruptcy

A company founded by former Virginia Gov. Terry McAuliffe has filed for bankruptcy, citing negative press and lawsuits by investors who call it a “scam perpetrated by savvy and politically connected operatives” to exploit overseas investors. The Richmond Times-Dispatch reports that the bankruptcy filing by the electric car company cites $7.5 million won by 12 investors and pending lawsuits. It says GreenTech ...

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Toyota says Mississippi plant makes millionth Corolla sedan

  BLUE SPRINGS — Toyota Motor Corp. says its Mississippi plant has assembled its millionth Corolla sedan. The company made the announcement Tuesday, a little more than six years after it started assembling cars at the $800 million Blue Springs plant. The Japanese company marked the 10th anniversary of its groundbreaking earlier this year with a series of celebrations. Incoming ...

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Global automotive supplier BorgWarner expanding in Water Valley

BorgWarner, a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, is expanding in Water Valley. The $20 million corporate investment is expected to create approximately 75 jobs over the next two years. BorgWarner’s expansion will help meet growing demand for advanced transmission technologies, including the award-winning Eco-Launch™ stop/start accumulator and the mini direct-acting variable force solenoid. ...

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