BMW Group (Bayerische Motoren Werke AG ADR BMWYY) said today that it is expanding its footprint in China with a new partnership focused exclusively on the Chinese market. In collaboration with Momenta, a leading Chinese ADAS [Advanced Driver Assistance Systems – AutoCrat] technology provider, BMW will co-develop advanced driver assistance solutions specifically for the BMW product portfolio offered in China, starting with Neue Klasse.*
“This collaboration of partners sharing the same mindset, will enable us to offer our customers in China a unique automated driving experience. We are combining 20+ years of pioneering safety with locally trained driving knowledge and state of the art Chinese AI technology,“ said Dr. Mihiar Ayoubi, Senior Vice President, Driving Experience, BMW Group. Continue reading









Nissan to Close Oppama Plant!
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Nissan Motor Company (7201T and NSANY ADR) said today that, as part of its global production restructuring under its recovery plan dubbed Re: Nissan, it plans to transfer and integrate vehicle production at the Oppama Plant, located in the Oppama district, to Nissan Motor Kyushu in Fukuoka Prefecture. The company will cease vehicle production at the Oppama plant at the end of fiscal year 2027. Following this, both current and future models scheduled for production at Oppama will be manufactured at Nissan Motor Kyushu. Nissan posted a net loss of ¥670.9 billion (~$4.5 billion) during the Japanese Fiscal Year 2024.*
Today, Nissan made a tough but necessary decision. It wasn’t easy—for me or for the company—but I believe it’s a vital step toward overcoming our current challenges and building a sustainable future. The Oppama Plant is a proud part of our history, and its legacy will endure. I want to sincerely thank our employees, the local community, and our partners who have supported this plant with dedication and heart. We will continue to operate in the Oppama area with strong support for the local community, as we carry forward the spirit of Oppama plant and work to restore Nissan’s true value,” said Nissan CEO Ivan Espinosa. Continue reading →