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Used car values at record high but rate of growth slows

The average price of a used car recorded an annual increase of 4% in November, which marks the lowest increase since August 2017. Year-on-year (YoY) growth reached a peak of 7% in June this year but has been slowing each subsequent month. It reflects a similar trend seen across the fuel types, with diesel reaching… Continue reading Used car values at record high but rate of growth slows

Ghosn re-arrested on fresh allegations, likely to spend Christmas in detention

TOKYO (Reuters) – Japanese prosecutors arrested Nissan Motor Co Ltd’s (7201.T) ousted chairman Carlos Ghosn again on Friday on new allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail before Christmas. FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the… Continue reading Ghosn re-arrested on fresh allegations, likely to spend Christmas in detention

UPDATE 6-Ghosn re-arrested on fresh allegations, likely to spend Christmas in detention

TOKYO (Reuters) – Japanese prosecutors arrested Nissan Motor Co Ltd’s (7201.T) ousted chairman Carlos Ghosn again on Friday on new allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail before Christmas. FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the… Continue reading UPDATE 6-Ghosn re-arrested on fresh allegations, likely to spend Christmas in detention

SoftBank’s Vision Fund is preparing to invest $1 billion in Grab

SoftBank’s Vision Fund is set to continue its recent spree of investments in Asian tech unicorns. The mega fund — which is targeted at $100 billion — is planning to invest upwards of $1 billion into Southeast Asia’s ride-hailing leader Grab, two sources with knowledge of the plan told TechCrunch. The investment could reach as much… Continue reading SoftBank’s Vision Fund is preparing to invest $1 billion in Grab

Do GM Brownstown Layoffs Indicate No Future Volt Crossover?

1 H BY WADE MALONE 50 employees will be laid off at Chevy Volt battery assembly plant. Since October of 2010, GM’s battery assembly plant in Brownstown, Michigan has assembled battery packs for the Chevy Volt. Packs for the Cadillac ELR and 2015+ Chevy Spark EV were assembled here. Cells for the Volt are produced at… Continue reading Do GM Brownstown Layoffs Indicate No Future Volt Crossover?