7211.T - Mitsubishi Motors Corporation

Tokyo - Tokyo Delayed Price. Currency in JPY
501.00
+10.00 (+2.04%)
At close: 2:53PM JST
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Previous Close491.00
Open491.00
Bid501.00 x 0
Ask502.00 x 0
Day's Range491.00 - 503.00
52 Week Range473.00 - 934.00
Volume2,349,900
Avg. Volume3,939,390
Market Cap745.643B
Beta (3Y Monthly)N/A
PE Ratio (TTM)6.94
EPS (TTM)N/A
Earnings DateJul 24, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est842.00
  • Visa Invests in Go-Jek to Push Digital Payments in Southeast Asia
    Bloomberg2 days ago

    Visa Invests in Go-Jek to Push Digital Payments in Southeast Asia

    (Bloomberg) -- Visa Inc. has become the latest investor in ride-hailing giant Go-Jek as the two companies push digital payments across Southeast Asia.The world’s biggest payments network has invested an undisclosed amount in Go-Jek as part of the Indonesian company’s ongoing series F fundraising round, the two companies said Wednesday. The move follows Go-Jek’s announcement this month it had secured funding from Thailand’s Siam Commercial Bank Plc, Mitsubishi Motors Corp., Mitsubishi Corp. and Mitsubishi UFJ Lease & Finance Co. The terms of that deal were also not disclosed.Go-Jek, which debuted its app for hailing motorbike taxis in Jakarta in 2015, is expanding beyond Indonesia to cater to consumers across Southeast Asia, building an all-purpose consumer app similar to Tencent Holdings Ltd.’s WeChat in China. It’s valued at $10 billion according to CB Insights, and hosts more than 20 on-demand services on its platform from food delivery to digital payments.The two companies have “a shared goal to bring formal financial services to the unbanked and underserved, including micro, small and medium businesses,” Visa Regional President Asia Pacific Chris Clark said in a statement. “We will explore ways to leverage the power of Go-Jek and Visa’s networks to expand financial access in Southeast Asia.”Visa and Mastercard Inc. have teamed up with mobile startups in Southeast Asia in recent years, where the vast majority of transactions are still cash-based and the pace of adoption of digital payments is slow. Mastercard has partnered with Go-Jek rival Grab, while Visa has announced a partnership with gaming accessories maker Razer Inc.To contact the reporter on this story: Yoolim Lee in Singapore at yoolim@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Go-Jek Snags Investment From Thailand's Largest Lender
    Bloomberg9 days ago

    Go-Jek Snags Investment From Thailand's Largest Lender

    (Bloomberg) -- Ride-hailing giant Go-Jek has secured an investment from Siam Commercial Bank Pcl, the Thai lender that counts King Maha Vajiralongkorn as its biggest shareholder, according to people familiar with the matter.It’s unclear how much Thailand’s biggest bank is investing in Go-Jek, the people said, who asked not to be identified because the matter is private. Their partnership will help Indonesia’s most valuable technology startup bolster its financial services, while Siam Commercial is counting on online growth to help increase revenue, they added.Southeast Asia’s banks are increasingly teaming up with technology firms that are getting onto their turf, offering financial services from digital payments to consumer loans. Thailand’s Kasikornbank Pcl has invested $50 million in Go-Jek’s rival, Grab, and the pair intend to establish a co-branded mobile wallet.Established over a century ago by royal charter, Siam Commercial Bank is Thailand’s oldest homegrown lender. It’s the latest to join Go-Jek’s ongoing series-F round, a term denoting late-stage financing.The startup has already raised over $1 billion as of the round’s first close, Bloomberg reported in February. Alphabet Inc.’s Google, JD.com Inc. and Tencent Holdings Ltd. invested alongside Provident Capital. This week, Go-Jek announced additional investment from Mitsubishi Motors Corp., Mitsubishi Corp. and Mitsubishi UFJ Lease & Finance Co. as part of the series F financing.Go-Jek, which debuted its app for hailing motorbike taxis in Jakarta in 2015, is expanding beyond Indonesia to cater to consumers across Southeast Asia, aiming to popularize an all-purpose consumer app similar to Tencent’s WeChat in China. It is valued at $10 billion according to CB Insights, and hosts more than 20 on-demand services on its platform from food delivery to cab-hailing.Representatives of the bank and Go-Jek declined to comment.To contact the reporters on this story: Yoolim Lee in Singapore at yoolim@bloomberg.net;Anuchit Nguyen in Bangkok at anguyen@bloomberg.netTo contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net, ;Tom Giles at tgiles5@bloomberg.net, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg29 days ago

    Waymo to Study Driverless Services With Renault-Nissan Alliance

    (Bloomberg) -- Waymo LLC agreed to explore driverless services with Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp., pairing a leader in self-driving technology with the world’s largest automotive alliance.The three carmakers and Alphabet Inc.’s autonomous-vehicle unit will study market opportunities and research legal and safety issues related to driverless transportation services in France and Japan, the companies said in a statement Thursday. The deal doesn’t extend to cooperation producing robo-vehicles.“We’re convinced that with this added expertise, we’ll be able to position ourselves for autonomous services that are viable for customers,” Hadi Zablit, senior vice president for business development at the Renault-Nissan-Mitsubishi alliance, told reporters in Paris. When it comes to implementation, the three automakers won’t necessarily offer services in common with Waymo, he said.The French-Japanese alliance produced more than 10 million vehicles last year — on a par with the biggest carmakers: Volkswagen AG and Toyota Motor Corp. Unlike Waymo’s previously announced deals with Fiat Chrysler Automobiles NV and Tata Motors Ltd.’s Jaguar Land Rover, the partnership with Renault-Nissan-Mitsubishi doesn’t include supplying any cars.Waymo’s parent company, Alphabet, struck a separate deal with the three-way partnership last September, giving its Google Android operating system access to their vehicle dashboards starting in 2021.The new agreement marks a first step toward developing long-term, profitable driverless-vehicle services for passengers and deliveries, the companies said. While the analysis will take place first in France and Japan, they said it may expand to other markets — excluding China — in the future.Zablit sees deployment of the new mobility services in less than 10 years.For Renault and Nissan, working with Waymo brings expertise as the race to develop autonomous vehicles heats up. It also shows the French and Japanese manufacturers continue to collaborate on key strategic matters, even after their two-decade partnership was shaken by the arrest in November of former leader Carlos Ghosn in Japan over alleged financial improprieties.Tensions escalated after Renault pursued a combination with Fiat without initially telling its Japanese partners. Those merger talks have since ended.To contact the reporter on this story: Ania Nussbaum in Paris at anussbaum5@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Frank Connelly, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuterslast month

    UPDATE 5-France seeks to fend off blame for FCA-Renault deal collapse

    PARIS/MILAN, June 6 (Reuters) - France was battling to defend its business strategy on Thursday after being blamed for scuppering a $35 billion-plus merger between carmakers Fiat Chrysler (FCA) and Renault only 10 days after the plan was officially announced.

  • Reuterslast month

    UPDATE 1-FCA, France reach tentative agreement on Renault merger -sources

    PARIS/MILAN, June 5 (Reuters) - Fiat Chrysler Automobiles NV has reached a tentative agreement with France on the terms of its proposed merger with Renault, two sources told Reuters, as the French carmaker's board met to consider the bid late on Wednesday. The French state, which owns 15% of Renault, had been seeking more influence over the merged company, firmer job guarantees and improved terms for Renault shareholders in return for blessing the $35 billion tie-up. Renault, FCA and the French government all declined to comment on the ongoing board discussions.

  • Reuterslast month

    UPDATE 2-No need to rush Renault-Fiat merger talks - French finance minister

    French Finance Minister Bruno Le Maire said there was no need to rush regarding the $35 billion merger talks between carmakers Renault and Fiat Chrysler, while reiterating that he nevertheless wanted the deal to go ahead. "We should take our time to make sure that things are done well," Le Maire told BFM TV on Wednesday, regarding the merger talks. Sources had earlier told Reuters that Fiat Chrysler had resolved key differences with France over its proposed merger with Renault, as talks on the tie-up plan progressed towards a possible agreement on Wednesday.

  • Reuterslast month

    Renault board adjourns FCA merger meeting to Wednesday

    Renault's board has adjourned a meeting to examine the merger proposal pitched last week by Fiat Chrysler until Wednesday afternoon, the French carmaker said. "The board of directors has decided to continue to study with interest the opportunity of such a combination and to extend the discussions on this subject," Renault's board said in a statement at the end of a three-hour meeting on Tuesday.

  • Reuterslast month

    REFILE-UPDATE 1-FCA-Renault tie-up clears French hurdles before board meeting -sources

    FRANKFURT/PARIS, June 4 (Reuters) - Fiat Chrysler has resolved key differences with France over its proposed merger with Renault, three sources told Reuters on Tuesday, as the French carmaker's board met to review the $35 billion tie-up plan. The compromise on French government influence over a combined FCA-Renault may clear the way for Renault directors to approve a framework agreement and begin the long process of a full merger, unless new issues surface at their meeting. France, Renault's biggest shareholder with a 15% stake, had been pressing for its own guaranteed seat on the new board and an effective veto on future CEO appointments.

  • Reuterslast month

    UPDATE 2-FCA-Renault deal talks navigate French political hurdles

    FRANKFURT/PARIS, June 4 (Reuters) - Fiat Chrysler has resolved key differences with France over its proposed merger with Renault, three sources told Reuters, as talks on the $35 billion tie-up plan progressed towards a possible agreement on Wednesday. An emerging compromise over French influence on a combined FCA-Renault could clear the way for Renault's board to approve a framework deal and begin the long process of a full merger. FCA, Renault and its 15% shareholder, the French state, have been locked in talks over the Italian-American manufacturer's bid to create the world's third-biggest carmaker.

  • Reuterslast month

    FCA-Renault bid clears French hurdles as board meets -sources

    FRANKFURT/PARIS, June 4 (Reuters) - Renault directors were preparing to review Fiat Chrysler's (FCA) $35 billion merger offer on Tuesday, after the Italian-American carmaker resolved differences with the French government overnight, three sources said. The compromise on French government influence over a combined FCA-Renault may clear the way for Renault's board to approve a framework agreement beginning the long process of a full merger, unless new issues surface at the meeting. France, Renault's biggest shareholder with a 15% stake, had been pressing for its own guaranteed seat on the new board and an effective veto on CEO appointments.

  • Reuters2 months ago

    UPDATE 2-French demands challenge FCA-Renault deal push

    PARIS/MILAN, June 3 (Reuters) - Talks on Fiat Chrysler's proposed merger with Renault became mired in politics on Monday, as France sought more concessions to maintain government influence over the new carmaker's management and French assets, sources told Reuters. Italian-American FCA is in negotiations with Renault and its biggest shareholder, France, over the $35 billion merger proposal it pitched last week to create the world's third-biggest carmaker. France, which owns 15% of Renault, has broadly welcomed the deal on condition it safeguards domestic jobs and plants - but political sensitivities have only increased as talks progress.

  • Nissan's technology could pay in Renault-FCA deal: sources
    Reuters2 months ago

    Nissan's technology could pay in Renault-FCA deal: sources

    BEIJING/TOKYO (Reuters) - Nissan's advanced technologies including platforms and electric powertrains could give it leverage in a merger involving Renault and Fiat Chrysler, thanks to a royalty system it has with the former, two people with knowledge of the matter said. A merged Renault-Fiat Chrysler could face an extra hurdle each time it uses technology developed by Nissan Motor Co or Mitsubishi Motors Corp, while the two Japanese automakers stand to gain a client in Fiat Chrysler (FCA), one of the people said. Nissan's technology, particularly in electrification and emissions reduction, could give it some sway in the $35 billion potential tie-up between Renault and FCA, even as its stake in the newly formed company would be diluted.

  • Reuters2 months ago

    Nissan's technology could pay in Renault-FCA deal -sources

    BEIJING/TOKYO, May 30 (Reuters) - Nissan's advanced technologies including platforms and electric powertrains could give it leverage in a merger involving Renault and Fiat Chrysler, thanks to a royalty system it has with the former, two people with knowledge of the matter said. A merged Renault-Fiat Chrysler could face an extra hurdle each time it uses technology developed by Nissan Motor Co or Mitsubishi Motors Corp, while the two Japanese automakers stand to gain a client in Fiat Chrysler (FCA) , one of the people said. Nissan's technology, particularly in electrification and emissions reduction, could give it some sway in the $35 billion potential tie-up between Renault and FCA, even as its stake in the newly formed company would be diluted.

  • Nissan CEO sees no big downside to FCA-Renault merger
    Reuters2 months ago

    Nissan CEO sees no big downside to FCA-Renault merger

    Nissan sees no major downside to partnering with a combined Renault and Fiat Chrysler (FCA), it said on Wednesday in a lukewarm endorsement of the proposed $35 billion tie-up, which would complicate an already uneasy alliance. The leaders of Nissan Motor Co, France's Renault SA and junior partner Mitsubishi Motors Corp gathered at Nissan's headquarters in Yokohama for a scheduled alliance meeting which was overshadowed by FCA's proposal this week for a merger-of-equals with Renault. Renault Chairman Jean-Dominique Senard arrived in Japan on Tuesday to discuss with Nissan the FCA-led proposal to create the world's third-largest automaker.

  • Reuters2 months ago

    RPT-Blindsided by FCA-Renault talks, Nissan risks being left by the roadside

    TOKYO/BEIJING, May 28 (Reuters) - Nissan found out about Renault's merger talks with Fiat Chrysler just days before they became public, four sources told Reuters, stoking fears at the Japanese carmaker that a deal could further weaken its position in a 20-year alliance with Renault. Nissan Motor Co Chief Executive Hiroto Saikawa likely first caught wind of the merger plan through his own chief operating officer, Yasuhiro Yamauchi, who also serves on Renault's board, one of the sources said, speaking on condition of anonymity due to the sensitivity of the matter.

  • Barrons.com2 months ago

    Fiat Chrysler and Renault Want to Merge. Expect Auto Makers to Do More Deals.

    The Fiat Chrysler-Renault tie up would make the combined company a big player in Europe and a bigger player in China, but it also could have major effects in the U.S.

  • France wants FCA-Renault job guarantees and Nissan on board
    Reuters2 months ago

    France wants FCA-Renault job guarantees and Nissan on board

    France will seek protection of local jobs and other guarantees in exchange for supporting a merger between carmakers Renault and Fiat Chrysler, its finance minister said on Tuesday, underscoring the challenges facing the plan. Renault Chairman Jean-Dominique Senard arrived in Japan to discuss the proposed tie-up with the French company's existing partner Nissan - another potential obstacle to the $35 billion-plus merger of equals. Renault and Italian-American rival Fiat Chrysler Automobiles (FCA) are in talks to tackle the costs of far-reaching technological and regulatory changes by creating the world's third-biggest automaker.

  • Reuters2 months ago

    GLOBAL MARKETS-China gains, auto sector lift Asian shares, but sentiment fragile

    Asian shares rose on Tuesday, lifted by gains in China and as auto firms climbed on merger news, but broad uncertainties over trade and economic growth kept investor enthusiasm in check. In early European trade, pan-region Euro Stoxx 50 futures were up 0.39% at 3,365, German DAX futures were up 0.39% at 12,112, FTSE futures were up 0.5% at 7,299.5, and France's CAC 40 futures were up 0.41% at 5,319. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.38%, and U.S. S&P 500 e-mini futures rose 0.22% to 2,837.25, pointing to gains when U.S. markets reopen on Tuesday after a holiday.

  • Reuters2 months ago

    GLOBAL MARKETS-Asian equities buoyed by China, auto merger but gains capped

    Asian shares edged up on Tuesday lifted by gains in China and as auto firms climbed on merger news, but broad uncertainties over trade and economic growth kept a lid on gains. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.31%, and U.S. S&P 500 e-mini futures rose 0.19% to 2,837.25. Seoul's KOSPI added 0.13%, while Australian shares were up 0.45%.