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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.

'Taxi of Tomorrow' is finally reality in New York

The Nissan NV200 has had quite a rough ride to becoming New York City's Taxi of Tomorrow. The vans actually went on sale in late 2013, but Nissan's $1 billion deal to be the Big Apple's exclusive cab has faced an ongoing fight with drivers and politicians there. However, the roadblocks have been cleared, and the yellow vans finally became the city's official taxi on September 1. New Yorkers might not notice the change anytime soon, though. According to The New York Times, there are currently about 750 NV200s servicing the city out of 13,000 yellow cabs. The number of vans should rise quickly because up to 3,000 drivers replace their well-worn vehicles each year. Eventually the Taxi of Tomorrow will make up about 80 percent of the fleet, while the rest will be hybrid or wheelchair-accessible models. The challenge against the van largely focused on forcing most drivers into just a single model. At times the court agreed that the monopoly was unfair. The deal was even rendered void at one point. According to The New York Times, it took a decision in June to finally grant permission for the full NV200 agreement. The challenges to the NV200's large-scale adoption aren't over yet, though because the introduction comes at a challenging time for the New York taxi industry. Ridesharing apps, particularly Uber, are luring both riders and some yellow cab drivers to the tech company. While the Taxi of Tomorrow offers amenities like a panoramic sunroof and a cellphone charging, there are reportedly more Uber cars than traditional taxis currently at work in the Big Apple.

Datsun debuts new seven-seat Go+ in Indonesia [w/video]

The Datsun name may have long since been replaced by Nissan, but the old brand is making a comeback - in certain markets, at least. Nissan relaunched the Datsun brand in July as its new budget brand for developing markets with the debut of the Go hatchback, and has now followed up with the addition of the larger Go+.
Set to be built in Indonesia at Nissan's plant in Purwakarta, the Go+ debuts today in the capital of Jakarta as the second model in the new Datsun lineup. The seven-passenger minivan features flexible seating in a compact form 13 feet long, powered by an unspecified 1.2-liter engine mated to a five-speed manual transmission.
Nissan isn't saying much else about the model, but hopes the new Datsun twins will account for half of its sales in Indonesia within three years. The low price target for both models - set to come in at less than 100 million rupiah ($8,700) - ought to help it get there. The lineup is then scheduled to reach other markets, starting with India, Russia and South Africa next year.