The revelation of potential talks between Nissan Motor and Honda Motor regarding a strategic partnership signifies a significant development in the automotive industry. Faced with mounting competition from new market players, both companies acknowledge the imperative to capitalise on their individual strengths and delve into collaborative ventures, particularly within the realms of electric vehicles (EVs) and automotive software.
During a joint press conference, Honda’s President and CEO, Toshihiro Mibe, underscored the necessity of collaboration in tackling the evolving challenges within the industry. He outlined broad areas of potential cooperation, spanning automotive software, EV batteries, and synergistic product development. While specifics were not disclosed owing to the nascent stage of discussions, the establishment of multiple working groups was announced to thoroughly explore collaboration opportunities.
In order to enhance the consumer experience at their retail stations, Boustead Petroleum Marketing Sdn Bhd (BHPetrol) has chosen Maxis to be a part of the company’s extensive digitalization project.
In accordance with the collaboration, BHPetrol’s outdoor payment terminals at each fuel station and its Point of Sale systems at all of its retail stations in Peninsular Malaysia will be powered by SD-WAN (Software-Defined Wide Area Network) deployed by Maxis as a network provider.
Adaptable, scalable, and cost-effective converged connection solutions are provided by the networking technology known as SD-WAN, which also has built-in security features to guarantee end-to-end communication protection.
South Korea’s POSCO, the sixth-largest steelmaking company in the world and Japan’s Honda Motor signed a comprehensive memorandum of understanding (MOU) on Tuesday. This partnership is to expand cooperation in the electric vehicle (EV) industry.
Prior to this, Posco was understood to have agreed in principle to a contract last year with a duration of at least five years with Ford. This contract is only for the supply of cathode materials and other key EV battery minerals, including lithium and nickel.
Isuzu Motors Limited, Hino Motors, Ltd., and Toyota Motor Corporation today announced that they will form a new partnership in commercial vehicles with the aim of accelerate societal implementation and dissemination of CASE technologies and services, and to help address various difficulties facing the transportation industry as well as help achieve a carbon-neutral society. ‘CASE’ refers to new areas of Connected vehicles, Autonomous/Automated driving, Shared, and Electric.
The three companies intend to combine Toyota’s CASE technologies with the commercial vehicle foundations cultivated by Isuzu and Hino. Specifically, they plan to jointly work on the development of battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs), autonomous driving technologies, and electronic platforms centered on the domain of small commercial-purpose trucks.
Wide scope
While working together on BEVs and FCEVs to reduce vehicle costs, the three companies plan to advance infrastructure-coordinated societal implementation, such as by introducing FCEV trucks to hydrogen-based society demonstrations in Japan’s Fukushima Prefecture, and accelerate their dissemination initiatives.
In a joint press conference this afternoon, the leaders of Isuzu, Hino, and Toyota said they also plan to link their connected technology platforms to build a platform for commercial vehicles that can help solve customers’ problems. Through this platform, they intend to provide various logistics solutions that not only help improve commercial vehicle transport efficiencies but also contribute to reducing CO2 emissions.
To promote their partnership, Isuzu, Hino, and Toyota are establishing Commercial Japan Partnership Technologies Corporation, a company for planning CASE technologies and services for commercial vehicles based on discussions among its three parent companies.
Going forward, Isuzu, Hino, and Toyota intend to deepen their collaboration while openly considering cooperation with other like-minded partners.
Capital partnership
In conjunction with this new development, Isuzu and Toyota have agreed on a capital partnership. Through acquisition of 39 million shares of Isuzu common stock, Toyota will hold a 4.6% stake in Isuzu, while Isuzu plans to acquire Toyota shares of the same value through a market purchase.
Hino Motors a subsidiary of Toyota Motor Corporation and one of 16 major companies of the Toyota Group. The 78-year old company originally made passenger cars as well but focussed on commercial vehicles after being acquired by Toyota in 1967.
Edaran Otomobil Nasional Berhad (EON) has formed a strategic partnership with myTukar, a used car online selling platform, for vehicle trade-in activities. Under the agreement, myTukar will facilitate the end-to-end trade-in process for EON’s customers via certified myTukar inspectors performing vehicle inspections on-demand for its customers.
EON, a subsidiary of DRB-HICOM Berhad, operates dealerships for several brands namely Proton, Mitsubishi Motors, Audi and Volkswagen, via EON, EON Automart, Euromobil and HICOM Auto, respectively, through a network of 20 branches nationwide.
myTukar inspection centre.
Enhancing services to EON customers
Fong Hon Sum, myTukar CEO believes the partnership will benefit from EON’s established distributor network, while providing EON the opportunity to enhance their service to customers. “myTukar is honoured to embark on this partnership journey with one of Malaysia’s most diverse conglomerates with a comprehensive automotive business,” he said.
“ The collaboration will enable EON to leverage on myTukar’s proprietary technology-enabled platform to provide EON’s customers with instant and transparent valuations for trade-in vehicles. This will enhance customer experience at EON’s network because they are now effectively a one-stop solution centre,” added Mr. Fong.
EON is a subsidiary of the DRB-HICOM Group and is associated with a number of automotive brands.
Win-win situation for both parties
Dato’ Sri Syed Faisal Albar, Group MD of DRB-HICOM, echoed Fong’s belief, stating that the partnership is a win-win situation that provides both parties with tremendous potential and possibilities.
“There is great synergy in this partnership and we are very pleased indeed to have found a like-minded partner in myTukar. Trade-ins has always been a sore point for car buyers, who today are increasingly demanding a more transparent and simplified process in their transactions. We believe myTukar’s innovative trade-in system will help boost sales of new automobiles across our branches, and more importantly enhance the overall customer experience at all our outlets. This will lead us to create more value for our customers,” said Tuan Syed Faisal.
The collaboration with EON will cover on Peninsular Malaysia initially. However, myTukar has been on an aggressive expansion drive this year with the opening of 7 new branches throughout the country. Further expansion to East Malaysia, starting with Kuching and Kota Kinabalu, is also in the pipeline, which should be beneficial to EON in the future.
myTukar is the first within the used car online trading platform in Malaysia to be awarded an ISO 9001:2015 Certification for Quality Management Systems. The certification is part of myTukar’s continuous effort in ensuring the highest levels of quality, trust and transparency throughout all stages of car selling on the innovative technology-enabled platform, to complement its ongoing expansion.
McLaren’s Formula 1 team and its engine supplier for the past two and half years, Honda, have decided to part ways after a dismal run of performance since the partnership was forged in 2015. Since switching from Mercedes-Benz powered engines to the Honda ones, McLaren hasn’t been the same.
The team have found themselves closer to the back of the grid, competing with teams that lacked the same technology funding, and driver talent than what the British based automaker had at its disposal. Despite having one of the most talented drivers of this era in Fernando Alonso, the team has failed to impress.
Plagued by constant reliability issues, the under powered Honda units have caused McLaren and Alonso, a great deal of grief. So much so that the Spaniard delivered an ultimatum to his team by stating, if things did not improve soon, he would leave in search of other opportunities.
After allowing all this to sink in, both teams have decided, in a complicated manner, to break-up and go their separate ways. As part of the deal, McLaren will receive Renault engines for the 2018 season, Toro Rosso will switch to Honda power and its driver, Carlos Sainz Jr., would be loaned to the Renault F1 team for the 2018 season.
It’s a complicated break up but it’s one that might allow McLaren to get back to its winning ways. This is especially sad considering that this same partnership allowed Mclaren a great deal of success in the late 1980s and early 1990s. Any hopes of both teams rekindling that same success of their glory days will never be realized in the near future.
How well these new partnerships pan out remains to be seen, but rumour has it that Honda might introduce a more powerful engine for the 2018 season. If proven true, McLaren might have jumped the gun by switching to Renault power and allowing Toro Rosso to benefit from its R&D with Honda.
