Business Topics

Jun 30, 2014

U.S. probes 360,000 Nissan cars for unintended acceleration

The U.S. National Highway Transportation Safety Administration announced Saturday it was investigating Nissan sedans for unwanted acceleration, and Chrysler pickups. Nissan is being probed over 360,000 Versa and Versa Note vehicles manufactured from 2012 to 2014. There were four reports that floor mats hindered ...

Honda's first jet takes flight

Jun 29, 2014

Honda's first jet takes flight

Honda’s first business jet has already made its maiden flight ahead of its expected certification and delivery next year, the company said in a press release over the weekend. The 84-minute flight of the HondaJet took place Friday near the world headquarters of Honda ...

Suzuki Motor's CEO, 84, spurs succession fears

Jun 27, 2014

Suzuki Motor's CEO, 84, spurs succession fears

After almost three decades helming Suzuki Motor Corp., investors are becoming increasingly concerned at the lack of clarity over who will succeed the carmaker’s octogenarian chairman and president. At 84, Osamu Suzuki has already beaten the average life expectancy for men in Japan by ...

Tepco shrugs off activist investors

Jun 26, 2014

Tepco shrugs off activist investors

by Kazuaki Nagata

Tokyo Electric Power Co. shot down a bevy of anti-nuclear policy proposals lobbed up by irate shareholders at its annual meeting Thursday in Tokyo and vowed instead to restart its idled reactors. Some 2,150 shareholders attended the meeting in Chiyoda Ward. Outside, anti-nuclear activists ...

Sony to buy Britain's CSC media group in TV network push

Jun 26, 2014

Sony to buy Britain's CSC media group in TV network push

Sony Corp.’s movie and TV unit will snap up Britain’s CSC media network, adding to a string of acquisitions designed to shift its focus from movies to higher-margin television programing. Sony Pictures Television, the company’s TV programing and network unit, said on Thursday it ...

Jun 26, 2014

Rakuten to enter budget airline business with AirAsia

Online retailer Rakuten Inc. is planning to enter the airline business in partnership with Malaysian discount carrier AirAsia, sources said Thursday. Rakuten is looking to invest in a low-cost carrier set up by AirAsia in Japan and to cooperate in establishing a seat-reservation system ...

Panasonic on track to finish reforms in '14

Jun 26, 2014

Panasonic on track to finish reforms in '14

The president of Panasonic Corp. said Thursday that the electronics giant’s restructuring will be completed this fiscal year and be used as a springboard for reaching group sales of ¥10 trillion in fiscal 2018. “We will position the current business year as the time ...

Jet maker enlists bullet train experts

Jun 26, 2014

Jet maker enlists bullet train experts

by Chris Cooper and Kiyotaka Matsuda

The maker of Japan’s first jet airliner is counting on bullet train specialists to prevent further delays in completing the plane. Mitsubishi Aircraft Corp. has brought in rail project managers from parent Mitsubishi Heavy Industries Ltd. to tighten control of the Mitsubishi Regional Jet ...