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Honda-Nissan-Mitsubishi alliance completes Japan car industry consolidation

Makoto Uchida (left), president and CEO of Nissan, and Toshihiro Mibe, director, president and representative executive officer of Honda, at a press conference in Tokyo on Thursday. (Getty)   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. agreed this week to build upon a preliminary deal first reached in March, offering more details of how they plan to work together and also adding Mitsubishi Motors Corp. to the mix. While the companies havenÂ’t yet discussed a capital alliance, forming one is a possibility, Honda Chief Executive Officer Toshihiro Mibe said. The partnership will span joint work on software development, batteries and other electric-vehicle components, as well as EV charging and energy services, the three companies said. Their cozying up to one another follows Toyota acquiring stakes in Subaru Corp., Suzuki Motor Corp. and Mazda Motor Corp., and helping them navigate a fraught era for legacy car companies. Whereas Toyota has tied up with its domestic peers from a position of strength — itÂ’s been the worldÂ’s best-selling automaker for four years running — Honda, Nissan and Mitsubishi each are much smaller players on the global stage. Their coming together is seen as a move by JapanÂ’s government to fortify its auto industry in the wake of China having emerged as the worldÂ’s new No. 1 car exporter. “This is coordinated by the government to build a competitive automaking industry,” said James Hong, analyst at Macquarie Securities Korea Ltd., adding that most automakers in Japan are too small to be able to invest in EVs individually. “It feels like a politically driven alliance.” While the US has had the Big Three — General Motors Co., Ford Motor Co. and Chrysler, now owned by Stellantis NV — and Germany similarly has a trio in Volkswagen Group, BMW AG and Mercedes-Benz, Japan has a much bigger crop of carmakers manufacturing vehicles across the globe. Honda, Nissan and Mitsubishi combined sold about 4 million vehicles globally in the first six months of the year, well shy of the 5.2 million that Toyota sold on its own. While the three touted the potential for generating synergies from working together, executives also acknowledged theyÂ’ll have to overcome contrasts with their compatriots.

Fast & Furious Nissan 350Z offered for big money

Fans of the Fast & Furious film franchise will want to check out this latest listing. It may be located all the way over the pond in the UK, but it could be worth the trouble for the rare privilege of owning one of the stars of Tokyo Drift. It just won't come cheap. The vehicle in question is a 2002 Nissan 350Z tuned by Veilside for use in the third F&F film. It's got a Version 3 widebody kit and twin APS turbochargers that bring output up to 430 horsepower and 420 pound-feet of torque. All that muscle is handled by a Nismo two-way differential and twin-plate clutch. It's got a roll cage, NOS tank, center-lock modular alloys, racing buckets... the works. It's the car that Takashi drove in the movie, and was imported to the UK by its current owner. With 9,800 miles on the odometer, it's currently listed at Cheshire Classic Cars for a hair under GBP150,000 – or about $235k at current exchange rates. Now if that strikes you as quite a handsome sum, you may be right - especially considering that the Toyota Supra from the first movie just sold a few months ago for $185k. That's a hefty $50,000 difference, which could account for a pretty sweet garage to display it in or a whole lot of extra tires after you smoke these ones bald. True, the pink Supra it may not have aged as well as this sinister-looking black Datsun, but then that Toyota is the one that the late star of the franchise Paul Walker drove himself. So as far as investments go, Walker's Supra is bound to appreciate in value better than the Drift King's Z. Related Video:

Nissan says next Rogue coming September 10

The Nissan Rogue has been around since 2007, and after nearly seven years on the market, it's about due for replacement. Which is just what Nissan has announced is coming up next down the pipeline.
The Japanese automaker didn't reveal much to go with this teaser image of the headlight and front fender, saying only that "the all-new 2014 Nissan Rogue will push the envelope of CUV design starting on September 10 when it is unveiled." That's the day on which the Frankfurt Motor Show opens its doors for press previews, so it's pretty safe to say that we'll be seeing it at the Messe.
The news follows the spy shots we brought you two weeks ago. Expect the design to follow the lead set forth by the Hi-Cross concept from Geneva last year, with production to take place in Tennessee.