Search Result for : Mitsubishi Corporate

Ghosn to step down as Nissan CEO; Saikawa to take over from Apr

PTI Japan's second largest automaker Nissan Motor Co on Thursday said its long-serving leader Carlos Ghosn will hand over the role of CEO to Hiroto Saikawa, a company veteran. After leading the company for nearly two decades, Ghosn, the Chairman and CEO of Nissan at present, will focus on the functioning of "recent expansion of the Renault-Nissan Alliance to include Mitsubishi Motors". Saikawa, currently the co-CEO of Nissan, will assume the position of Chief Executive Officer on April 1, 2017, the company said in a statement. "Ghosn will continue to serve as Chairman of the Board of Directors, and he will seek a renewal of his mandate at the company's general shareholders meeting in June 2017," it added. ...

Rail locos from Japan stuck on pricing front

Source: PTI    The procurement of 200 high-horse power electric locomotives for Western Dedicated Freight Corridor (WDFC) is stuck at the negotiation stage as the railways has differed with a Japanese consortium on the pricing front. The railways is contemplating procuring 200 electric locomotives of 9000 horse power (HP) capacity each for WDFC and as per the loan condition, these have to be bought from Japan. “We are in negotiation with the Japanese consortium for the procurement of 200 electric locomotives. The prices quoted by the Japanese companies are on higher side which we are not agreeing to,” said a senior Railway Ministry official. The loco contract is estimated to be about Rs.4500 crore and the first batch of locomotives is ...