TOKYO (Kyodo) — Tokyo prosecutors on Wednesday searched the office of a lawyer who used to represent Carlos Ghosn, in connection with the former Nissan Motor Co. chairman’s recent escape from Japan to Lebanon. Junichiro Hironaka had earlier refused to hand over to prosecutors a computer Ghosn used at the office in Tokyo, citing a… Continue reading Tokyo prosecutors search office of Carlos Ghosn’s former lawyer
Author: Nikki News Feed
Renault picks ex-VW unit head De Meo as CEO for fresh start
PARIS (Reuters) — Renault’s Tuesday named Luca de Meo, the former head of Volkswagen’s Seat brand, as its next chief executive, as the car maker looks to draw a line under a year of turmoil by finalising a long-awaited management shake-up. De Meo’s appointment fills one of the big gaps left at the French company… Continue reading Renault picks ex-VW unit head De Meo as CEO for fresh start
Ghosn extradition proves to be sticky issue for Japan and Lebanon
TOKYO — A month after former Nissan Motor Chairman Carlos Ghosn’s shocking escape from house arrest in Japan, the Japanese government is still trying to negotiate his extradition from Lebanon, which has so far refused to hand over one of its most prominent citizens. Ghosn, who was arrested in November 2018 on financial misconduct charges,… Continue reading Ghosn extradition proves to be sticky issue for Japan and Lebanon
Daiichi Sankyo harnesses ‘old’ R&D to strike cancer drug gold
TOKYO — Daiichi Sankyo, a Japanese drugmaker that has not had a blockbuster product for nearly a decade, is surging in market value, joining the 5 trillion yen ($46 billion) club that also includes such marquee names as Nintendo and Honda Motor. The drugmaker pulled off a major breakthrough in cancer treatment using traditional research methods largely… Continue reading Daiichi Sankyo harnesses ‘old’ R&D to strike cancer drug gold
Japan to lift stockpiles of metals for EVs, wary of China’s clout
TOKYO — Japan will expand its reserves of metals crucial to the production of electric vehicles and high-tech gadgets, aiming to keep pace with rising demand and ensure access as China gains increasing control over global supplies. China provides nearly 60% of Japan’s imports for these often-rare minerals, and international competition to secure such resources is heating up. Companies tied to Chinese… Continue reading Japan to lift stockpiles of metals for EVs, wary of China’s clout
SoftBank makes self-driving push in Japan
TOKYO — SoftBank Group is making a push for self-driving buses in Japan, unveiling on Monday a plan to carry passengers on public roads from April. Sakai, a town on the outskirts of Tokyo, plans to begin operating vehicles on a 2.5 kilometer route, making stops at spots like banks and schools. Navya, a French… Continue reading SoftBank makes self-driving push in Japan
Hyundai shifts gears to India after stalling in China
SEOUL/MUMBAI — Hyundai Motor Group is remapping its growth strategy by expanding in India amid diminished prospects in the Chinese market. Hyundai, which is No. 2 in terms of market share in India, will leverage its competitive advantage to try to close the gap with market leader Maruti Suzuki India, and is set to increase manufacturing capacity in the country above 1 million… Continue reading Hyundai shifts gears to India after stalling in China
Asian stocks post weekly loss amid China virus outbreak
HONG KONG (Nikkei Markets) — Asian shares outside Japan edged higher on Friday, trimming their weekly loss. Investor focus remained on the China virus which has spread to Singapore and claimed more lives. The Nikkei Asia300 index of companies outside Japan rose 0.1% to 1,396.58. For the week, the index fell 2.3%. Volumes across the… Continue reading Asian stocks post weekly loss amid China virus outbreak
Spurred by trade war, Chinese investment in Thailand skyrockets
BANGKOK — The Washington-Beijing trade war has spurred Chinese investors to relocate their production bases to Southeast Asia, a trend that has particularly benefited Thailand. Chinese direct investment in Thailand jumped nearly five times to 262 billion baht ($8.6 billion) in 2019 from the previous year, according to the Board of Investment, making China the… Continue reading Spurred by trade war, Chinese investment in Thailand skyrockets
Jeep and Suzuki models found to have broken EU emissions rules
AMSTERDAM (Reuters) — Fiat Chrysler’s Jeep Grand Cherokee and Suzuki’s Vitara diesel models both break emissions rules and must be fixed or face a ban on sales across Europe, the Dutch road authority ruled on Thursday. The RDW authority, acting as the reference regulator for the European Union, said Jeep had developed a software fix… Continue reading Jeep and Suzuki models found to have broken EU emissions rules