The labor union at MUFG Bank plans to scrap its current system of seeking pay scale hikes at a uniform rate for all workers in this year's shuntō labor management talks, it has been learned. Based on a proposal from the management side, the union ...
Japan's manufacturers have started moving production out of China because they fear the deadly coronavirus outbreak could prolong plant closures and wreak more havoc on their supply chains. Reallocating production outside of China means a temporary surge in costs and is not an easy decision ...
Nissan to become first Japanese carmaker to halt domestic plant operations over coronavirus outbreak
Nissan Motor Co. plans to halt operations at a plant in southwestern Japan for two days this month due to disruptions to parts supplies from China amid the new coronavirus outbreak, sources have said, becoming the first Japanese automaker to halt domestic plant operations ...
Eyeing TV and film deals, Carlos Ghosn hires legendary agent Michael Ovitz
Few people in Hollywood are more familiar with entertainment negotiations than Ovitz, who has been one of the industry’s most prominent deal-makers since the 1980s.
Some Japanese manufacturers restart operations in China after coronavirus suspensions
Some Japanese manufacturers are resuming operations in China after suspensions caused by the new coronavirus outbreak, while others are putting off restarts due to concerns about supply chain conditions or the lack of available workers. Japanese firms in China halted plants starting around Jan. 24 ...
Carlos Ghosn used Nissan-Mitsubishi venture to inflate pay, companies' lawyers allege
Carlos Ghosn, the fugitive former auto executive, used a joint venture between Nissan and Mitsubishi to inflate his pay, effectively clawing back a cut to his declared wages, and to cover a personal tax debt, lawyers for the companies said on Monday. Ghosn, the former ...
Trump administration closes antitrust probe of carmakers over emissions pact
The Justice Department has abandoned its antitrust probe of four automakers that sided with California over President Donald Trump in a fight over the future of fuel economy and emissions requirements. The inquiry had targeted Ford Motor Co., Honda Motor Co., BMW AG and Volkswagen ...
Toyota to delay restart of China plants for another 10 days in light of Wuhan outbreak
Toyota Motor Corp. said Friday it will further delay the restart of its China operations because of the spreading coronavirus outbreak that began in Wuhan. The closures at Toyota's four auto plants in Tianjin, Chengdu, Changchun and Guangzhou are expected to be extended until sometime ...
Fiat Chrysler could halt factory in Europe over supply shortages due to virus, says CEO
Fiat Chrysler Automobiles NV could halt production at one of its factories in Europe because of supply chain difficulties due to the new coronavirus outbreak in China, the firm's CEO has said. The prospective closure would be the first for a European car manufacturer. CEO Mike ...
Japan carmakers brace for supply and demand nightmares due to coronavirus
As many of them know, "it’s impossible to manufacture cars without China.”
Toyota boosts profit forecast on weak yen, but coronavirus not factored in
The epidemic is likely to wreak havoc on auto sales and production in China in the first quarter.
Nissan completes U.K.'s longest and most complex driverless car trip
A Nissan car has completed a 370-kilometer journey autonomously in the U.K., the longest and most complex such trip in the country, as carmakers race to develop the driverless technologies set to revolutionize travel. The U.K. has been wooing developers of autonomous vehicles, hoping to ...
