Mitsubishi Motors Corporation (MMC) announced today it had passed the milestone of exporting four million vehicles from Thailand and held a ceremony at Laem Chabang, Chonburi Province. Mitsubishi Motors (Thailand) Co. Ltd., MMC’s subsidiary in Thailand, has three car-production plants and an engine facility in Chonburi Province which have become the company’s largest manufacturing centre [...]

The Tracton Group has announced that it increased operating profits by €212m during first half of this year compared to the same period last year. The Group generated sales revenue of €13.5bn compared to the previous year of €12.6bn. Last year’s figure also included the sales revenue of Volkswagen Gebrauchtfahrzeughandels und Service GmbH (VGSG), which [...]

The PSA Groupe has reported strong figures for the first half of 2019, with Groupe revenue recorded at €38.34m, operating income of €3,338m and consolidated net income of €2,048m, an increase of €335m compared to 2018 Carlos Tavares,chairman of Groupe PSA managing boardsaid, ‘Thanks to our focus on our strategic plan execution, we have delivered strong Free [...]

Fears about job cuts at Nissan’s Sunderland plant have risen after reports emerged that the company is planning up to 10,000 job cuts around the world. This would follow losses to the workforce of 4,800 earlier in the year. It’s understood Nissan is considering this restructure following a sharp decline in operating profits of about [...]