Nissan faces mounting problems on its turnaround path, analysts say
The earnings report and forecast disclosed Tuesday by the automaker underscored a big problem after the arrest and ouster of former Chairman Carlos Ghosn— stabilizing its auto business.
Nissan pushes back on Renault's renewed efforts to merge
Nissan Motor Co. is opposing renewed efforts by alliance partner Renault SA to merge under a holding company because such a structure won't help turn it around, according to a source with knowledge of the discussions. Talks have been ongoing since Renault Chairman Jean-Dominique Senard ...
Renault again proposed merging with Nissan, this time under post-Carlos Ghosn management
Nissan rejected the proposal made in mid-April, the source said, possibly jeopardizing the recent momentum for improving ties between the two companies.
Itochu wins bigger stake in sportswear-maker Descente in rare hostile takeover for Japan
Trading house Itochu Corp. said Friday it has increased its stake in major sportswear-maker Descente Ltd. to 40 percent, succeeding in what, for Japan, was a rare hostile takeover bid. The two firms with over 50 years of business ties were drawn into a takeover ...
France downplays Renault-Nissan merger idea amid tensions over lopsided alliance built by Ghosn
France’s finance minister says there is no plan to remodel the alliance between Renault SA and Nissan Motor Co., despite reports to the contrary.
With nearly $900 billion in cash at the ready, Japan's M&A spending spree likely to continue
Japan outmuscled China to dominate mergers and acquisitions in Asia last year, and with companies in possession of more than $890 billion in cash, the spending spree is likely to continue in 2019. Japanese companies announced more than 1,000 offshore acquisitions totaling a record $191 ...
Idemitsu-Showa Shell merger gets shareholder approval in last hurdle for long-delayed plan
Major refiners Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. each won approval from their shareholders Tuesday for their long-delayed merger plan, clearing the last hurdle for the April creation of a new oil industry giant. At their respective extraordinary meetings, the companies' shareholders gave ...
Air hockey-playing robot shows how Huawei haunts T-Mobile's Sprint deal
Huawei Technologies Co. and wireless carrier SoftBank Group Corp.’ close business dealings could be an issue in T-Mobile U.S. Inc.’s proposed purchase of SoftBank’s Sprint Corp.
Idemitsu and Showa Shell merger gets approval from antitrust regulators at home and abroad
Major oil refiners Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. said Wednesday their planned merger has been approved by all relevant antitrust authorities at home and abroad, moving them closer to consolidation on April 1. An Idemitsu spokesman said the Japan Fair Trade Commission ...
Japan's FTC mulls approval of precedent-setting merger of Nagasaki regional banks
The Fair Trade Commission is considering approving a long-discussed merger plan involving regional banks in Nagasaki Prefecture, according to informed sources. The plan involves Fukuoka Financial Group Inc., the parent of Sasebo-based Shinwa Bank, and Eighteenth Bank, based in the city of Nagasaki. In a proposal ...
Japanese refiner Idemitsu wins family backing for Showa Shell merger
The two oil refiners said Tuesday they have agreed to merge April 1, after Idemitsu’s founding family dropped its long-standing opposition to the plan.
