Renault’s Senard: Nissan capital change is ‘last thing on my mind’

PARIS — French automaker Renault agrees with Nissan Motor to preserve the capital structure between the two companies for the time being, said Renault Chairman Jean-Dominique Senard, who stressed that capital changes are “the last thing on my mind.” In an interview with the Nikkei Asian Review, Senard said he wants to converge Renault’s technologies… Continue reading Renault’s Senard: Nissan capital change is ‘last thing on my mind’

Tata Motors unveils first electric SUV with over 300 km range

MUMBAI (NewsRise) — Tata Motors unveiled its first electric sport-utility vehicle based on home-grown powertrain technology, as the nation’s largest automaker joins the race to dominate the south Asian nation’s nascent electric vehicle market. Tata’s Nexon EV is set to hit the market in January, the company said at a news conference in Mumbai on… Continue reading Tata Motors unveils first electric SUV with over 300 km range

Tata’s sacking of ex-chairman Cyrus Mistry ruled ‘illegal’

MUMBAI (NewsRise) — An Indian appellate tribunal on Wednesday reinstated Cyrus Mistry as the chairman of Tata Sons, saying he was illegally removed from the board three years ago, rekindling worries about a legal battle at a time when many group companies are grappling with falling sales. The National Company Law Appellate Tribunal, or NCLAT,… Continue reading Tata’s sacking of ex-chairman Cyrus Mistry ruled ‘illegal’

Tata’s removal of ex-head Cyrus Mistry ruled ‘illegal’

MUMBAI (NewsRise) — An Indian appellate tribunal on Wednesday reinstated Cyrus Mistry as the chairman of Tata Sons, saying he was illegally removed from the board three years ago, rekindling worries about a legal battle at a time when many group companies are grappling with falling sales. The National Company Law Appellate Tribunal, or NCLAT,… Continue reading Tata’s removal of ex-head Cyrus Mistry ruled ‘illegal’

Honda to debut Japan’s first ‘eyes-off’ self-driving car next year

TOKYO — Honda Motor will release a car next summer that can pilot itself with a driver’s hands off the wheel and eyes off the road — a first for a Japanese automaker, Nikkei has learned. The partial self-driving technology will be incorporated into the Legend, Honda’s flagship luxury model. The car is expected to retail… Continue reading Honda to debut Japan’s first ‘eyes-off’ self-driving car next year

Asian companies face tough calls on Brexit after Johnson’s UK win

TOKYO — The substantial majority for Prime Minister Boris Johnson’s Conservatives in Thursday’s U.K. election is set to hasten the nation’s departure from the European Union. This removes some uncertainty for Asian companies investing in Britain, but leaves them with difficult decisions to make. “This one-nation Conservative government has been given a powerful new mandate… Continue reading Asian companies face tough calls on Brexit after Johnson’s UK win

Bangkok Bank buys Indonesia’s Bank Permata for $2.7bn

BANGKOK — Bangkok Bank said on Thursday it will pay 37.4 trillion rupiah ($2.67 billion) for an 89.12% stake in Indonesia’s Bank Permata, marking the largest acquisition of a foreign financial institution by a Thai bank. Bangkok Bank, Thailand’s largest bank by assets, will buy a 44.56% stake held by London-based Standard Chartered Bank and another… Continue reading Bangkok Bank buys Indonesia’s Bank Permata for $2.7bn

World’s first liquid hydrogen carrier ship launches in Japan

TOKYO — Japan’s Kawasaki Heavy Industries debuted on Wednesday the world’s first marine carrier that transports liquefied hydrogen, using technology that will vastly expand cargo capacity of the green energy source. A crowd of 4,000 people gathered at Kawasaki’s shipyard in Kobe for the naming and launch ceremony of the Suiso Frontier — a name adopting the… Continue reading World’s first liquid hydrogen carrier ship launches in Japan

India auto sales fall in November as consumers curb spending

MUMBAI (NewsRise) — Passenger vehicle sales in India declined in November after a blip in the previous month, prompting the nation’s main auto industry group to call for tax cuts to spur demand for cars and motorcycles. Sales of passenger vehicles fell 0.8% to 263,773 units last month, the Society of Indian Automobile Manufacturers, or… Continue reading India auto sales fall in November as consumers curb spending

Hong Kong shares slip ahead of tariff deadline and Fed meeting

HONG KONG (Nikkei Markets) — Hong Kong shares slipped after trading in a narrow range on Tuesday, as investors watched a slew of external risk events, including central bank policy meetings and a Sino-American tariff deadline. The Hang Seng Index edged 0.2% lower to 26,436.62 after trading in a 172-point band. Shenzhou International Group declined… Continue reading Hong Kong shares slip ahead of tariff deadline and Fed meeting