The world’s fourth largest auto group has now been created with the completion of Nissan’s $2.3 billion controlling stake in much smaller Mitsubishi. Now, Nissan, Renault and Mitsubishi reside, for all intents and purposes, under the same roof. First up for Chairman Carlos Ghosn will be to restore Mistu’s reputation after it said some of its products produced better gas mileage than driver’s were experiencing. The marriage will result in significant development cost savings for Mitsubishi, to the tune of $577 million next year, according to Nissan. “We are committed to assisting Mitsubishi Motors as it rebuilds customer trust,” said Ghosn. “This is a priority as we pursue the synergies and growth potential of our enlarged relationship.”
Hyundai is recalling 62,811 Sonata sedans from model years 2015 and 2016 because the panoramic sunroofs could, under certain circumstances, fly off the roof and into traffic. Hyundai said it knows of no crashes or injuries related to the defect. The sunroof wind deflector may not have been properly attached and “the tempered glass sunroof panel can detach from the sunroof assembly due to interference with the wind deflector, or if the customer tries to force the sunroof panel closed,” the company said. Owners of the affected models will be notified by mail.
The 2017 Genesis G80 has received two of the highest safety honors in the auto industry – the Insurance Institute for Highway Safety 2016 Top Safety Pick Plus and the National Highway Traffic Safety Administration’s 5-star rating.
Shareholders love this kind of news. Daimler, the parent of Mercedes, has posted record earnings in its third quarter. Sales rose 5 percent and revenue by 4 percent globally. “We are growing sustainably and profitably. Daimler remains on track to achieve our earnings forecasts for the full year, despite volatile sales and finance markets,” said Bodo Uebber, Member of the Board of Management of Daimler AG for Finance.
Automotive News reports Ford and Jaguar Land Rover are testing cars in the United Kingdom that can talk with one another. We are not sure what they are saying, but can warn drivers when another connected car brakes suddenly, for example.