Mitsubishi Motors reenters its partnership with Nissan and Renault
Following a tumultuous year, following the departure of Chairman Carlos Ghosn, automotive giant Mitsubishi Motors has revealed its plans to re-enter a partnership with Nissan, Renault and Daimler to strengthen its ability to accelerate the development of next-generation technologies.
From electric and autonomous vehicles, new technologies are providing ample opportunities to boost connectivity and bring the automotive industry into a new age. The move has been approved by Mitsubishi Motor’s board, where the company aims to make the partnership with Daimler successful, following a failed collaboration 13 years ago.
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Although Renault and Nissan’s collaboration is clear due to partnering back in 2010, with manufacturing facilities based in Mexico, it is not yet been specified the ways in which Mitsubishi Motors will further enhance the partnership. At present, Renault and Nissan each have a 3.1% stake in the Daimler, whereas the company owns a 1.55% stake in both of its partners, according to Nikkei Asian Review.
However, Renault has requested a shareholder meeting with Nissan to discuss a number of ongoing shareholder complexities. Ghosn remains the Chairman and CEO of Renault, where both businesses will need to explore ways in which its partnership remains productive, with minimal risk to both parties. CNBC contacted the companies, where Nissan has responded to state “the company has communicated actively and transparently with Renault regarding this matter, and will continue to do so. We remain steadfast in our commitment to the Alliance."
SAP Whitepaper: Advantages of Intelligent Assets
A core pillar in SAP’s Industry 4.0 strategy, Intelligent Assets equip organisations to reduce downtime, empower employees and increase efficiencies across industrial equipment and manufacturing units.
In a whitepaper produced in partnership between SAP and BizClik Media Group, Rachel Romanoski, Solutions Manager, Digital Assets, SAP, dispels some of the myths surrounding asset intelligent, and shares insight into how even small investment in asset intelligence can pay dividends in minimising cost leakage and realising an asset’s potential.
As with all innovations, the ceiling for Intelligent Assets is as high as an organisation can dream, afford and implement. But Romanoski says that just a little intelligence can go a long way: “Oftentimes people think Intelligent Assets need to be the latest and greatest cutting-edge technology. They can be super advanced, such as leveraging physics-based engineering simulations to forecast potential failures, and help mitigate them. But it could be as simple as a temperature reading. You can pull a lot of simple information from most equipment, and by enhancing that data through ancillary solutions and digital capabilities, you can create that Intelligent Asset.”
One of the most immediate benefits is reducing or, in some cases, eliminating unplanned downtime. Equipment failure is one of the most common causes of disruption and can cause chaos throughout the supply chain.
“The true power of the Intelligent Asset is in changing the basic, reactive emergency work or time-based, planned maintenance and being more prescriptive and tailored to that specific asset and use case,” Romanoski says. “Ultimately, you can reduce the unplanned events that often carry a big price tag.”
"Oftentimes people think Intelligent Assets need to be the latest and greatest cutting-edge technology... But it could be as simple as a temperature reading"
Other financial benefits include stemming cost leakage and “sweating assets” to the full potential. “Maybe you can consider the lifecycle of the asset and understand whether you can push it a little bit further,” Romanoski explains. “It might be that the best course of action for a low-cost item is to run it to failure. Having this information that we collect over time empowers those people to make those better decisions, but also has a trickle down effect to building resiliency and efficiency into the entire supply chain.”
To read the full report, including insight from Intelligent Assets, Intelligent Factories, Empowered People, and exclusive insight from Dominik Metzger, the lead on SAP’s Industry 4.0 programme, CLICK HERE.