HANOI/BANGKOK — Vingroup, Vietnam’s largest company, plans to issue this year its first baht-denominated bonds, according to sources, as the sprawling conglomerate seeks to expand its loss-making cars business and has all but exhausted its funding options at home. The move to issue Thai debt may carry financial risks for Vingroup, which is in the middle… Continue reading Exclusive: Vingroup plans Thai bonds as funding options narrow
Author: Nikki News Feed
Financial heavyweights pull Hong Kong shares off highs
HONG KONG (Nikkei Markets) — Hong Kong shares headed lower on Monday, as investors appeared to pause after optimism over Sino-American trade relations lifted the city’s main equity benchmark to multi-month highs. The Hang Seng Index slipped 0.4% to 28,942.57 by noon after ending at a seven-month high on Friday. Among heavyweights, pan-Asia insurer AIA… Continue reading Financial heavyweights pull Hong Kong shares off highs
Toyota chief sees son’s potential to become ‘master driver’
NAGOYA, Japan — Toyota Motor President Akio Toyoda on Friday said his son was in the running to become the automaker’s “master driver” — the chief test driver who determines whether new models are ready for the market. Toyoda spoke at the Tokyo Auto Salon car show in Chiba Prefecture. His son, Daisuke Toyoda, is a senior… Continue reading Toyota chief sees son’s potential to become ‘master driver’
Geely in talks to pump cash into Aston Martin: FT
LONDON (Financial Times) — China’s Geely has held talks with Aston Martin investors and management as it considers pumping much-needed cash into the luxury carmaker. The Chinese company is conducting due diligence as it looks at taking a stake in the UK group, which is in need of fresh finances, said four people familiar with… Continue reading Geely in talks to pump cash into Aston Martin: FT
Price war wipes out half of China’s EV battery makers
BEIJING — China’s electric-vehicle battery industry slowed in 2019 as the country’s automakers remain mired in the doldrums. The industry has been realigning since the beginning of last year, with smaller players gradually being edged out. This comes against a backdrop of heavy borrowing throughout the auto industry supply chain as EV sales stall and… Continue reading Price war wipes out half of China’s EV battery makers
Masayoshi Son rushes to Indonesia with plans for a ‘smart capital’
JAKARTA — Masayoshi Son, CEO of Japan’s SoftBank Group, revealed plans to invest in Indonesia’s new capital and to bring the latest technology and “a lot of artificial intelligence” to the smart city project. The revelation came after a meeting with President Joko Widodo on Friday, and follows Son’s vow in July to put $2… Continue reading Masayoshi Son rushes to Indonesia with plans for a ‘smart capital’
Mahindra to step up electric vehicle play amid India clean-energy push
MUMBAI (NewsRise) — Mahindra & Mahindra is set to roll out several electric vehicles, starting with the electric version of its sport utility vehicle KUV100 in April-June, as the race to launch EVs in India picks up pace amid a government push. The company, one of India’s top SUV makers, plans to unveil the e-KUV100… Continue reading Mahindra to step up electric vehicle play amid India clean-energy push
Carlos Ghosn’s news conference did not win him vindication he desires
In his first public appearance following his spy-novel exfiltration from Japan and its criminal justice apparatus, Carlos Ghosn put on a masterful performance. The former chairman of Nissan Motor, brought down by allegations of financial misconduct, all of which he denies, persuasively made the case that he was arrested on flimsy charges; that the charges… Continue reading Carlos Ghosn’s news conference did not win him vindication he desires
Analyzing Ghosn’s emotions through AI
TOKYO — Fugitive former Nissan Motor Chairman Carlos Ghosn held a news conference in Beirut on Wednesday in which he sought to explain why he fled Japan while out on bail as he faced criminal charges of financial wrongdoing. Nikkei analyzed Ghosn’s facial expressions at the media event as he leveled criticism at Japanese prosecutors… Continue reading Analyzing Ghosn’s emotions through AI
Ghosn haunts Nissan as it maneuvers for a rebound
TOKYO — Nissan Motor, off to a fresh start with a leadership team installed last month, has been dragged into a past it is trying to leave behind by disgraced former chief Carlos Ghosn, who this week launched a fusillade against the company that once considered him its savior. Ghosn, who early last week staged… Continue reading Ghosn haunts Nissan as it maneuvers for a rebound