mitsubishi - updates

Rappler's latest stories on mitsubishi

ARTICLE FINDER

Renault warns Nissan it will block governance reshuffle

Jun 10, 2019 - 10:17 PM

(UPDATED) Renault reportedly fears the overhaul will reduce its influence in Nissan, and ties between the partners have already frayed since Carlos Ghosn's arrest and skepticism at the Japanese automaker

Mitsubishi sets sights on e-vehicle market

Apr 09, 2019 - 3:25 PM

Mitsubishi ties up with the academe and the Department of Trade and Industry for a feasibility study on the company's new venture

The logo of Mitsubishi Motors is seen at the company's headquarters in Tokyo on November 20, 2018. - Nissan and Mitsubishi shares plunged on November 20, as the automakers prepared to oust chairman Carlos Ghosn a day after he was arrested for alleged financial misconduct. (Photo by Behrouz MEHRI / AFP)

Japan court extends Ghosn detention until April 14

Apr 05, 2019 - 2:14 PM

A statement from the Tokyo District Court says it accepts a request from prosecutors to detain the 65-year-old auto tycoon for a further 10-day period that can subsequently be extended once more

Junichiro Hironaka (R) and Sho Kosasa (L), lawyers for former Nissan chief Carlos Ghosn, attend a press conference in Tokyo on April 4, 2019. Former Nissan chief Carlos Ghosn was rearrested early on April 4 in Tokyo on fresh financial misconduct allegations, with the auto tycoon slamming his detention as "outrageous and arbitrary". CHARLY TRIBALLEAU / AFP

Ex-Nissan chief Ghosn rearrested in Tokyo

Apr 04, 2019 - 7:56 AM

(UPDATED) Public broadcaster NHK and other media say prosecutors had entered Ghosn's temporary accommodation in central Tokyo early Thursday morning and that he left with them by car shortly afterwards

REARRESTED. Former Nissan Chairman Carlos Ghosn leaves the office of his lawyer Junichiro Hironaka in Tokyo on April 3, 2019. Photo by  Kazuhiro NOGI/AFP

Renault, Nissan, Mitsubishi unveil new joint board post-Ghosn

Mar 12, 2019 - 5:20 PM

'We have decided to join our forces again, to enhance the strength of our collaboration,' says Renault Chairman Jean-Dominique Senard

JOINT BOARD. Nissan Motors president and CEO Hiroto Saikawa (C), Renault chairman Jean-Dominique Senard (L) and Mitsubishi Motors chairman and CEO Osamu Masuko (R) take their seats at the start of a press conference at the Nissan headquarters in Yokohama, Kanagawa prefecture on March 12, 2019. Photo by Behrouz Mehri/AFP

Ghosn out on bail after more than 100 days

Mar 06, 2019 - 6:50 PM

Former Nissan chief Carlos Ghosn leaves the detention center in northern Tokyo flanked by guards, wearing a blue cap, a white medical face mask, and a work jacket with orange reflective stripes

ON BAIL. Former Nissan chairman Carlos Ghosn leaves the Tokyo Detention House following his release on bail in Tokyo on March 6, 2019. Photo by Jiji Press/AFP

Ex-Nissan chief Carlos Ghosn makes fresh bail request

Feb 28, 2019 - 6:27 PM

It is the first bail request filed by the 64-year-old since he shook up his legal team as he crafts his defense to 3 charges of financial misconduct

BAIL REQUEST. This file photo taken on September 15, 2017 shows then-Renault-Nissan chairman and CEO Carlos Ghosn gesturing as he addresses a press conference in Paris. File photo by Eric Piermont/AFP

Ghosn case a chance to 'mend' Japan's justice system – lawyer

Feb 21, 2019 - 10:42 AM

Junichiro Hironaka, Carlos Ghosn's new lawyer, says: 'Since it's turning out to be an international issue, I think it's an opportunity to mend the system to global standards'

TOP-CALIBER. Junichiro Hironaka, new lawyer of former Nissan chief Carlos Ghosn, speaks with the media outside his office building in Tokyo on February 13, 2019. Photo by Behrouz Mehri/AFP

Ex-Renault CEO Ghosn ready to pay Versailles wedding bill – lawyer

Feb 09, 2019 - 9:04 AM

Ghosn says he is ready to pay the fee, but was not aware that he owed it because he hasn't been billed

(FILES) In this file photo taken on April 29, 2005 then-Nissan's chief executive Carlos Ghosn gestures during the Renault general assembly in Paris. - A Tokyo court on January 15, 2019 rejected a request for bail for ex-Nissan chief Carlos Ghosn, who faces three charges of financial misconduct and has been detained since November. (Photo by Eric Feferberg / AFP)

Ghosn under scrutiny over 50,000-euro wedding bill

Feb 07, 2019 - 9:29 PM

The latest charges involve Carlos Ghosn's lavish second marriage at the Chateau de Versailles outside Paris in October 2016

GHOSN. This file photo taken on January 6, 2015 shows then president and CEO of Japan's auto company Nissan Carlos Ghosn during a press conference in Rio de Janeiro. File photo by Yasuyoshi Chiba/AFP

Nissan taps new Renault boss to replace Ghosn on board

Feb 05, 2019 - 7:37 PM

The decision to turn over Carlos Ghosn's board seat to Jean-Dominique Senard must still be ratified by shareholders, and the company says it has set an April 8 date for an extraordinary shareholders' meeting

NEW LEADERS. French carmaker Renault's newly appointed board chairman Jean-Dominique Senard (L) delivers a speech next to new chief executive Thierry Bollore during a press conference at the headquarters of the French car manufacturer Renault in Boulogne Billancourt, near Paris on January 24, 2019. File photo by Eric Piermont/AFP

Renault plays safe with French successors to Ghosn

Jan 24, 2019 - 9:53 PM

Renault names Thierry Bollore and Jean-Dominique Senard to take over the CEO and chairman jobs

NEW LEADERS. French carmaker Renault's newly appointed board chairman Jean-Dominique Senard (L) delivers a speech next to new chief executive Thierry Bollore during a press conference at the headquarters of the French car manufacturer Renault in Boulogne Billancourt, near Paris on January 24, 2019. Photo by Eric Piermont/AFP

Ghosn resigns as Renault boss, French group enters new era

Jan 24, 2019 - 6:49 PM

A senior director from the firm 'received last night the letter of resignation from Carlos Ghosn,' says French Finance Minister Bruno Le Maire

Renault board to replace Ghosn on January 24

Jan 22, 2019 - 9:33 PM

Renault, part of a powerful alliance with Japanese carmakers Nissan and Mitsubishi, has officially declined to comment on Carlos Ghosn's replacement

GHOSN. In this file photo taken on November 8, 2016, Renault-Nissan Alliance chief executive Carlos Ghosn poses for a portrait after an interview at the Web Summit at Parque das Nacoes in Lisbon. File photo by Patricia De Melo Moreira/AFP

Ghosn received 8M euro in 'improper' payments – Nissan

Jan 18, 2019 - 3:34 PM

'Nissan views the payments Ghosn received from [Nissan-Mitsubishi B.V.] to be the result of misconduct and will consider measures to recover from Ghosn the full sum,' the firm says in a statement

GHOSN. In this file photo taken on April 29, 2005 then-Nissan's chief executive Carlos Ghosn gestures during the Renault general assembly in Paris. File photo by Eric Feferberg/AFP

Tokyo court denies ex-Nissan chief Ghosn's bail request

Jan 15, 2019 - 8:41 PM

The decision means the 64-year-old auto tycoon is likely to stay in custody until his trial, which even his own defense lawyer admits could take 6 months to begin

In this file photo taken on April 29, 2005 then-Nissan's chief executive Carlos Ghosn gestures during the Renault general assembly in Paris. A Tokyo court on January 15, 2019 rejected a request for bail for ex-Nissan chief Carlos Ghosn, who faces three charges of financial misconduct and has been detained since November. Eric Feferberg / AFP

The world in 2018

Dec 19, 2018 - 10:00 AM

A look back at some of the major events that marked 2018

Central American migrants -mostly Hondurans- moving in a caravan towards the United States in hopes of a better life, head to Tijuana in Mexico's Baja California State, after leaving Mexicali on November 19, 2018. - US President Trump has sent about 5,800 troops to the border to forestall the arrival of large groups of Central American migrants travelling through Mexico and towards the US, in a move critics decry as a costly political stunt to galvanize supporters ahead of midterm elections earlier this month. (Photo by PEDRO PARDO / AFP)

Renault board maintains Ghosn as CEO, says pay was legal

Dec 13, 2018 - 11:44 PM

Renault keeps Carlos Ghosn on as CEO after his arrest in Tokyo, but launch an enquiry into his pay package and names a deputy CEO to ensure day-to-day management

Ghosn 'faces new underreporting charge worth $35M'

Dec 05, 2018 - 2:07 PM

Reports say Tokyo prosecutors plan to 'rearrest' the business tycoon along with his right-hand man and former Nissan representative director Greg Kelly by Monday, December 10

GHOSN. In this file photo taken on May 12, 2011, Carlos Ghosn, president of Nissan Motors, speaks at a news conference to announce the company's fiscal year 2010 earnings in Yokohama. File photo by Kazuhiro Nogi/AFP

Japan court extends Ghosn detention

Nov 30, 2018 - 9:03 PM

A Tokyo court extends the detention of former Nissan chief Carlos Ghosn. This means the 64-year-old tycoon could remain in a Tokyo cell until December 10.

A man looks at a television showing a news programme featuring former Nissan chief Carlos Ghosn (L) and representative director Greg Kelly (R) in Tokyo on November 30, 3018. A Tokyo court on November 30 extended the detention of former Nissan chief Carlos Ghosn, local media said, after his arrest on allegations of financial misconduct that have shaken the auto industry. Kazuhiro NOGI / AFP

Ghosn 'signed documents to defer compensation'

Nov 29, 2018 - 5:51 PM

An unnamed source says Carlos Ghosn signed secret documents instructing aides to defer part of his salary without disclosing this to shareholders

Men walk past a screen showing a news programme featuring Nissan chairman Carlos Ghosn in Tokyo on November 20, 2018. Nissan and Mitsubishi shares plunged on November 20, as the automakers prepared to oust chairman Carlos Ghosn a day after he was arrested for alleged financial misconduct. Toshifumi KITAMURA / AFP

Mitsubishi Motors sacks Ghosn as chairman

Nov 26, 2018 - 11:29 AM

(UPDATED) The move follows Carlos Ghosn's ouster as Nissan chairman, as he faces allegations that he underreported his salary and misused corporate funds

CARLOS GHOSN. Chairman and CEO of Renault-Nissan-Mitsubishi Carlos Ghosn. File photo by Ludovic Marin/AFP

Ex-Nissan chief Ghosn denies allegations – reports

Nov 25, 2018 - 11:55 PM

(UPDATED) Japanese media say Carlos Ghosn told prosecutors he did not intend to understate his income on financial reports

(FILES) In this file photo taken on November 1, 2013, Japan's auto giant Nissan Motor president Carlos Ghosn announces the company's first half financial result ended September at the company's headquarters in Yokohama, suburban Tokyo. - Nissan board members have sacked Carlos Ghosn as chairman, local media reported on November 22, 2018, which would be a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct stunned the car industry and the business world. (Photo by JIJI PRESS / JIJI PRESS / AFP)

Ghosn gone: Nissan drives out chairman after arrest

Nov 23, 2018 - 6:00 AM

Carlos Ghosn is accused of underreporting his income by millions of dollars and a host of other financial irregularities

(FILES) In this file photo taken on May 12, 2011, Carlos Ghosn, president of Nissan Motors, speaks at a news conference to announce the company's fiscal year 2010 earnings in Yokohama. - Nissan board members have sacked Carlos Ghosn as chairman, local media reported on November 22, 2018, which would be a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct stunned the car industry and the business world. (Photo by KAZUHIRO NOGI / AFP)

PH, Japan finalize details of P18-billion MRT3 rehab loan

Nov 07, 2018 - 2:35 PM

(3rd UPDATE) The signing of the P18-billion loan agreement will be done on Thursday, November 8

Photo from Embassy of Japan

Sumitomo 'closely considered' to handle MRT3 maintenance once again

Nov 29, 2017 - 11:11 AM

(UPDATED) The Philippine and Japanese governments are discussing an agreement for Official Development Assistance, which will be the basis of the selection of the MRT3 maintenance provider

WAITING. A scene at the Shaw Boulevard MRT station. File photo by JR Belardo/Rappler

Japan steel scandal grows as more carmakers hit

Oct 11, 2017 - 4:15 PM

The carmakers are assessing vehicles with products from Kobe Steel, which admitted falsifying data linked to the strength and quality of its products

An employee of Toyota Motor's subsidiary Toyota Motor Kyushu assembles a new 2-litre gasoline turbo engine '8AR-FTS' at the Kanda Plant in Kanda, Fukuoka Prefecture, on August 7, 2014. Toyota said on August 5 its net profit in the three months through June came in at a record USD 5.7 billion, with the rise largely thanks to cost-cutting and a weak yen. AFP PHOTO / Toru YAMANAKA / AFP PHOTO / TORU YAMANAKA

Mitsubishi kirim Xpander ke konsumen akhir September

Sep 05, 2017 - 12:27 PM

Pengiriman Xpander ke konsumen dipercepat dari semula Oktober menjadi akhir September

Mitsubishi Xpander menjadi salah satu mobil yang paling banyak dicari pengunjung di ajang GIIAS 2017. Foto oleh Dwi Agustiar/Rappler

GIIAS 2017: Dalam empat hari, Mitsubishi Xpander terjual 1.427 unit

Aug 14, 2017 - 7:26 PM

Xpander yang telah dipesan baru akan diantar ke konsumen paling cepat Oktober

Mitsubishi Xpander menjadi salah satu mobil yang paling banyak dicari pengunjung di ajang GIIAS 2017. Foto oleh Dwi Agustiar/Rappler

Mitsubishi akhirnya buka selubung Small MPV terbaru mereka

Jul 24, 2017 - 2:26 PM

XM Concept akan bersaing ketat dengan Toyota Avanza Suzuki Ertiga dan Honda mobilio

Jajaran direksi PT Mitsubishi Motors Kramayudha Sales Indonesia (MMKSI) memperkenalkan MPV terbaru dari Mitsubishi di Jakarta, Senin (24/7/17). Foto oleh Alviansyah/ANTARA

3 injured as Montero falls into ravine in Kalinga

Jan 26, 2017 - 6:37 PM

The injured are taken to Kalinga Provincial Hospital for treatment

Century Properties partners with Mitsubishi for affordable housing

Nov 24, 2016 - 5:50 PM

The real estate firm secures a 26 hectare property in Tanza Cavite to develop around 4 000 houses

2ND JV. This is the second joint venture partnership between Century Properties and Mitsubishi

Scandal-hit Mitsubishi Motors eyes $1.4B loss

Jun 22, 2016 - 11:40 PM

The expected shortfall would be the company s first annual loss in 8 years

Mitsubishi Motors senior executive officers; corporate general manager of corporate planning Yoshihiko Kuroi (L) and corporate general manager of controlling and accounting Hiroshi Noda (R) hold a press briefing to announce the company's operating results forecasts for 2016 fiscal year in Tokyo on June 22, 2016. Mitsubishi Motors expects a net loss of 1.39 billion USD in the year to March, after a fuel-cheating scandal hammered its reputation and slammed the brakes on sales, it said June 22. / AFP PHOTO / KAZUHIRO NOGI

Mitsubishi to resume sales of scandal-hit cars

Jun 21, 2016 - 10:15 PM

Production of the 4 affected models – all minicars sold in Japan – will be restarted in July

epa05371520 (FILE) A picture dated 27 October 2015 shows Mitsubishi vehicles reflected on a mirror at Mitsubishi Motors Corp.'s headquarters in Tokyo, Japan. On 17 June 2016, Mitsubishi Motors announced that it has manipulated the fuel efficiency data for all of its 20 models sold since 2006. EPA/FRANCK ROBICHON

Mitsubishi Motors to post $480M loss over fuel-cheat scandal

Jun 17, 2016 - 5:08 PM

The scandal – reported to cover almost every model sold in Japan since 1991 – also includes mini cars produced by Mitsubishi for Nissan as part of a joint venture

MITSUBISHI. A picture dated October 27, 2015 shows Mitsubishi vehicles reflected on a mirror at Mitsubishi Motors Corp.'s headquarters in Tokyo, Japan. File photo by Franck Robichon/EPA

DOTC: Upgraded MRT3 escalators by Feb 2017

Jun 02, 2016 - 2:58 PM

International Elevator Equipment bags the contract to refurbish 38 escalators of the glitch ridden elevated mass transit railway system

BROKEN. Non-functioning escalators and jampacked yet limited trains are part of the daily riding MRT3 experience these days. Image from Shutterstock

Nissan CEO to scrap Mitsubishi deal if fuel scandal widens

May 14, 2016 - 11:15 AM

Carlos Ghosn says the deal will be junked if Mitsubishi lied about the scope of the scandal

epaselect epa05300840 Nissan Motor Co.'s Chairman and CEO Carlos Ghosn speaks during a joint press conference with Mitsubishi Motors Corp.'s Chairman and CEO Osamu Masuko (unseen) in Yokohama, near Tokyo, Japan, 12 May 2016. Japanese automobile manufacturer Nissan Motor will acquire more than 30 percent stake of Mitsubishi Motors with 200 billion yen (1.85 billion US dollar). EPA/FRANCK ROBICHON

Nissan throws $2.2B lifeline to scandal-hit Mitsubishi Motors

May 12, 2016 - 10:26 AM

UPDATED Nissan will become Mitsubishi Motors top shareholder following their deal

Mitsubishi: Cars sold overseas not affected by cheating scandal

May 12, 2016 - 12:45 AM

The embattled carmaker also says it is investigating 9 more models sold only in Japan

epaselect epa05298908 Mitsubishi Motors Corp's Chairman and CEO Osamu Masuko speaks during a press conference regarding irregular fuel efficiency tests by the carmaker at the Ministry of Land, Infrastructure, Transport and Tourism in Tokyo, Japan, 11 May 2016. Mitsubishi Motors Corp. admitted it has committed improper fuel efficiency tests since 1991 but at a larger scale than it was previously reported. EPA/FRANCK ROBICHON

Mitsubishi Motors fuel-cheating scandal widens on fresh admission

Apr 26, 2016 - 9:45 PM

The Japanese automaker admits it has been using an improper fuel efficiency testing method since 1991

epa05277836 Tetsuro Aikawa, President and Chief Operating Officer of Mitsubishi Motors Corp., listens to a question during a news conference held at the Ministry of Land, Infrastructure, Transport and Tourism in Tokyo, Japan, 26 April 2016. The company reported its improper conduct in fuel consumption testing on its car products to the ministry. Mitsubishi Motors Corp. admitted on 26 April 2016 that it has committed improper fuel testing since 1991. EPA/KIMIMASA MAYAMA

Security Bank unfazed by election uncertainty

Apr 26, 2016 - 7:00 PM

The bank s chairman says they are very bullish for the country and its business prospects even after the 2016 national elections

UNFAZED. Security Bank officials say whoever the next president will be, business will continue to be bullish. Photos by Chrisee Dela Paz/Rappler

BDO nets record income in 2015: P25B

Apr 22, 2016 - 6:54 PM

But income for the first quarter of 2016 is down by 9 8 on trading and foreign exchange losses

DETAILING EARNINGS. BDO's Board of Directors give stockholders an in-depth look at the bank's recent performance at its 2016 Annual Stockholders' Meeting held in Makati on April 22. Photo by Chris Schnabel/Rappler

Japan officials raid Mitsubishi office after data scandal

Apr 21, 2016 - 1:55 PM

This has critically damaged consumers trust and it won t be tolerated says top Japanese government spokesman Yoshihide Suga

Officers from the transport ministry enter the Mitsubishi Motors Nagoya factory in Okazaki, Aichi prefecture on April 21, 2016.  Japanese automaker Mitsubishi on April 20 admitted it manipulated pollution data in 625,000 vehicles, including vehicles which Mitsubishi produces for rival Nissan, after reports of misconduct sent its Tokyo-listed shares plummeting earlier in the day. / AFP PHOTO / JIJI PRESS / JIJI PRESS / Japan OUT

Automaker Mitsubishi admits manipulating fuel-efficiency tests

Apr 20, 2016 - 5:20 PM

3rd UPDATE Mitsubishi s bombshell calls into question whether we have a much larger industry wide scandal on our hands

President of Japan's automaker Mitsubishi Motors Corporation, Takashi Sonobe (L) and its Vice President, Rolf Eckrodt (2nd L) introduce the new car "eK-WAGON" in Tokyo, 11 October 2001. Mitsubishi Motors put the new vehicle with a 0.66 litre engine on domestic market today at prices ranged from 0.91 million yen (7,600 USD) to 1.108 million yen (9,250 USD). AFP PHOTO/Toru YAMANAKA / AFP PHOTO / TORU YAMANAKA

Security Bank finalizes deal with Bank of Tokyo Mitsubishi

Apr 01, 2016 - 5:00 PM

BTMU Japan s largest commercial bank now has 20 ownership of the voting stock and two board seats in Security Bank

MARKET PENETRATION. Security Bank says the partnership would enhance its shareholder value by accelerating its growth strategy, including expansion of its branch network

Mitsubishi to invest P4.3B to build Mirage models in PH

Feb 10, 2016 - 9:50 PM

The move allows Mitsubishi to join the CARS Program says its global chairman who met with President Aquino in Manila

Century Properties, Mitsubishi break ground on Forbes Media Tower

Feb 03, 2016 - 6:33 PM

With a total gross floor area of 95 000 square meters the Forbes Media Tower is expected to be completed in 2019

GROUNDBREAKING. Forbes Media Tower aims to become an address of choice for both multinational firms and leading BPO corporations. In the photo are Century Properties and Mitsubishi executives. Photo from Century Properties

DTI officials face cases over Montero Sport issue

Jan 31, 2016 - 10:16 PM

Complainants claim officials of the Department of Trade and Industry conspired with Mitsubishi Philippines over cases of sudden unintended acceleration

Malaysia confirms Thailand debris not from MH370

Jan 26, 2016 - 2:53 PM

The announcement appears to end speculation about a link to the doomed aircraft

NOT FROM MH370. A Thai Royal Air Force officer inspects a piece of suspected airplane wreckage at a beach in Pak Phanang district, Nakhon Si Thammarat province, southern Thailand, January 24, 2016. Stringer/EPA

Bank of Tokyo Mitsubishi acquires 20% stake in Security Bank for P37B

Jan 14, 2016 - 12:40 PM

UPDATED Once the transaction is completed it will be the largest equity investment in a Philippine financial institution by a foreign investor

MARKET PENETRATION. Security Bank says the partnership would enhance its shareholder value by accelerating its growth strategy, including expansion of its branch network