- Robertson pleased to 'find a way' past England in tough Test baptism
- Martin sets lap record to secure German MotoGP pole
- 'Shattered' Germany set sights on World Cup after Euros exit
- Olympic hope Pedersen pulls out of Tour de France
- Djokovic eyes sweet 16 at Wimbledon as Swiatek takes on 'gangster'
- End beckons again for Ronaldo after Portugal Euros KO
- New Zealand edge England 16-15 in tense, brutal first Test
- Turkey take on Dutch in politically charged Euros quarter-final, England face Swiss
- Calling for better ties with West, Iran reformist wins presidency
- Cybercrime groups restructuring after major takedowns: experts
- Activists hail Sierra Leone child marriage ban, urge action on FGM
- Marsch relishing Canada's semi clash with Argentina
- Canada stun Venezuela on penalties to reach Copa semis
- Iran reformist Pezeshkian holds early lead in runoff vote
- Swiatek faces 'gangster' threat, Djokovic feels need for Wimbledon speed
- France holds its breath ahead of uncertain vote
- Starmer begins UK 'rebuild' after landslide election win
- Paris's Moulin Rouge inaugurates new windmill sails ahead of Olympics
- Pan, Rai share halfway lead in PGA John Deere Classic
- 'I was feeling terrible' in debate, Biden says in TV interview
- France coach Deschamps savours ending penalty hoodoo, defends Mbappe
- Thompson bids farewell to Warriors after exit
- Portugal exit Euros with pride, will return stronger: Martinez
- UK's new PM Starmer speaks to world leaders, names top team
- Spain and France to face off in Euros last four, Turkey lament 'unfair' Demiral ban
- Israel says negotiators to hold fresh Gaza truce talks next week
- France beat Portugal on penalties to reach Euro 2024 semi-finals
- Endrick to start for Brazil in Uruguay Copa clash: Dorival
- Heartbreak for Germany fans after dramatic Euros exit
- Beryl heads for Texas after causing damage, no deaths in Mexico
- Nagelsmann laments late penalty decision as hosts Germany exit Euros
- Biden declares he's all in ahead of high-risk TV interview
- Spain team 'is a winning horse', says De la Fuente
- Bows at the ready, Chad villagers battle kidnappings
- Alcaraz mimics Bellingham goal celebration after Wimbledon win
- Olmo hopes Pedri can make speedy return for Euros semi-finalists Spain
- Retiring Kroos hopeful despite Germany's 'bitter' Euros exit
- Southgate turns on English 'entitlement' over claims of easy Euros draw
- Merino extra-time goal sends Spain past Germany to Euro semis
- Koeman demands Dutch silence fervent Turkish fans at Euros
- Brad Pitt at Silverstone for filming of F1 movie
- Raducanu storms into Wimbledon last 16
- California fires spread in July 4 weekend heatwave
- Alcaraz wins five-set Wimbledon thriller as Gauff eases through
- Demiral Euros ban 'unfair' but Turkish pride will grow, says coach Montella
- Gauff overpowers qualifier to reach Wimbledon fourth round
- Vinales sets German MotoGP lap record as Marquez goes flying
- Hurricane Beryl causes havoc in Mexico
- Rwanda-backed rebels, DRC begin two-week 'humanitarian truce'
- Schar keen to show Swiss class against England at Euros
Nissan alliance to invest $25 bn in electric vehicles over 5 years
The Nissan auto alliance said Thursday it will invest 23 billion euros ($25.7 billion) in electric vehicles over the next five years, marking the latest massive cash injection into the fast-growing sector by the auto industry.
Nissan, Renault and Mitsubishi Motors said the latest outlay followed more than 10 billion euros already spent on its "offensive strategy in electrification", promising 35 new electric models by 2030.
Major global carmakers are increasingly prioritising electric and hybrid vehicles as concern about climate change grows. At present, around 10 percent of European car sales are EVs, but the US figure is just two percent.
"The three member companies have defined a common roadmap towards 2030, sharing investments in future electrification and connectivity projects," alliance chair Jean-Dominique Senard said in a statement.
"Together, we are making the difference for a new and global sustainable future."
To achieve its goals, the alliance said it aimed to increase co-operation on common platforms from 60 percent to 80 percent of its models by 2026.
The companies also announced a goal of reaching a total electric vehicle battery production capacity of 220 Gigawatt hours by the end of the decade, with Japan's Nissan tasked with leading the development of solid-state battery technology.
Nissan has been battered by a series of problems in recent years, from weak demand even before the pandemic, to the fallout from the arrest and subsequent escape of former boss Carlos Ghosn.
After falling behind rivals during the Covid crisis, it has started to claw its way back, tripling its full-year net profit forecast in November despite the impact of a global chip shortage.
Ghosn's arrest exposed rifts in Nissan's alliance with Japan's Mitsubishi Motors and France's Renault, but the firm's number two Ashwani Gupta told AFP last year the partnership was "stronger now" and had helped the three firms weather the chip crisis and supply shortages.
M.Carneiro--PC