New Mitsubishi Motors CEO vows to achieve growth through alliance with Nissan and Renault
The newly named CEO of Mitsubishi Motors Corp. has vowed to achieve growth by strengthening the company's competitiveness through its alliance with Nissan Motor Co. and Renault SA in the fast-evolving auto industry. "I hope to brush up our competitiveness through the use of the ...
U.S. organized labor opposes USMCA in current form, says official
The head of the largest U.S. labor union said Tuesday he opposes ratification of the new North American free trade pact, because he doubts Mexico will enforce labor reforms required by the deal. Richard Trumka, president of the 12.5-million-member AFL-CIO, said the U.S. Congress is ...
Elon Musk takes on Panasonic in rare public tweet battle with key Japanese supplier
Elon Musk has engaged in Twitter spats with a long line of folks, from rival automakers to short-sellers and the Securities and Exchange Commission. He's at it again, but this time the stakes could be even higher. He's in a rare public dispute with a ...
Carlos Ghosn to be indicted Monday on fresh charge of misusing Nissan funds: source
Prosecutors are ready to again indict former Nissan Motor Co. Chairman Carlos Ghosn on Monday for allegedly misusing company funds that were paid to a distributor in Oman, sources close to the matter said Friday. Tokyo prosecutors arrested Ghosn for the fourth time on April ...
Toyota dealers in Tokyo hacked; data on roughly 3 million customers stolen
Toyota Motor Corp. said Friday that data on roughly 3 million customers was stolen from its sales companies' computer systems in Tokyo following a hacking attack. The data breach occurred earlier this month and was confirmed on March 21 at Toyota Tokyo Sales Holdings Inc.'s ...
Carlos Ghosn to hold news conference in mid-April or later, his lawyer says
Former Nissan Motor Co. Chairman Carlos Ghosn is expected to hold a news conference in mid-April or later, one of his lawyers said. Ghosn, 65, intends to meet the press within April but may need more time to organize his statement against the charges, the ...
Toyota Motor Corp. is considering offering Suzuki Motor Corp. a hybrid system for global sales and enhancing a joint car development project for India, according to an expanded tie-up deal unveiled Wednesday. Under the agreement, Suzuki can sell hybrids developed by Toyota, namely the RAV4 ...
Subaru's domestic production halves in January due to part defect
Subaru Corp. said Wednesday its domestic production in January halved from a year earlier, reflecting the impact of a temporary factory shutdown that came after the discovery of a power-steering defect in certain models. Subaru said its output in Japan plunged 50.9 percent to 21,953 ...
Toyota slashes net profit forecast due to market turbulence
Dragged down by recent stock market turbulence, Toyota Motor Corp. slashed its net profit forecast for the current business year on Wednesday and now estimates the figure will be down by 25 percent compared to fiscal 2017. Despite record sales of ¥22.47 trillion and increased ...
Nissan Motor Co. plans to hold an extraordinary board meeting as early as next week to discuss its top management after its alliance partner Renault SA appointed new leadership to replace Carlos Ghosn, sources said Friday. Renault's newly elected chairman, Jean-Dominique Senard, is set to ...
The alliance of Nissan Motor Co., Renault SA of France and Mitsubishi Motors Corp. remained in second place in terms of global auto sales in 2018, totaling 10.75 million units, data showed Wednesday. The alliance, whose former boss Carlos Ghosn was arrested more than two ...
CEOs at Davos sour on Trump policies, warning they hurt business and investment
From center-stage in Davos last year, President Donald Trump told the world's corporate bosses that America is a great place to invest. It hasn't quite turned out that way. Foreign direct investment to the United States fell in 2018, and companies gathered at the World ...
