Detroit Bureau on Twitter

Posts Tagged ‘Nissan’s $200 million mobility tech fund’

Renault-Nissan-Mitsubishi Alliance Creating $200M Mobility Tech Fund

Franco-Japanese alliance also setting up new robo-taxi project.

by on Jan.05, 2018

Carlos Ghosn, CEO of the Renault-Nissan-Mitsubishi Alliance, will discuss plans for its $200 million mobility tech fund at CES.

These are challenging times for even the most well-funded automakers. The industry is expected to change more during the next decade than it has during the last century, and carmakers need to stay on top of technologies such as electrification, connected cars and autonomous vehicles, never mind business shifts, such as the rise of car- and ride-sharing services such as Car2Go, Uber and Lyft.

That’s leading the Renault-Nissan-Mitsubishi Alliance to set up a $200 million mobility tech fund, according to a report by the Reuters news service. The alliance’s CEO Carlos Ghosn is expected to announce details during a news conference at the Consumer Electronics Show in Las Vegas early next week.

The Last Word!

Separately, officials with the Franco-Japanese alliance announced plans to set up a consortium aimed at putting robo-taxis into commercial use. Among other things, that could include existing ride-share services like Uber and Lyft, as well as Waymo which is developing its own autonomous and driverless technologies. The Google spinoff has said it does not plan to produce its own vehicles. (more…)