FILE PHOTO – People walk past a branch of Mitsubishi UFJ Financial Group’s bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo Premium The price tag for a partnership with ride-hailing startup Grab Holdings was $706 million, an unprecedented sum for a Japanese lender to invest in an overseas nonfinancial… Continue reading Grab deal signals path ahead for MUFG under new chief
Tag: Nissan
Renault to seek compensation from fugitive Carlos Ghosn
PARIS — Renault plans to seek compensation from Carlos Ghosn, the fugitive former chairman and chief executive officer, over his alleged misappropriation of funds, the French automaker announced on Monday. It is the first time for the company to express an intention to pursue compensation from Ghosn, who was arrested in Japan in November 2018. Ghosn at the… Continue reading Renault to seek compensation from fugitive Carlos Ghosn
Grab raises over US$850 million from Japanese investors
Grab has announced today an investment of over US$850 million from Japanese investors, including Mitsubishi UFJ Financial Group Inc. and TIS Inc., that will go toward creating accessible and affordable financial services for Southeast Asia in order to boost financial inclusion in the region. Grab, Southeast Asia’s leading super app, has announced today an investment… Continue reading Grab raises over US$850 million from Japanese investors
SoftBank-backed Grab raises $856 million from Japanese investors in financial services push
SINGAPORE/TOKYO (Reuters) – Southeast Asia’s Grab said Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) and IT services firm TIS Inc (3626.T) have agreed to invest a combined $856 million in the ride-hailing firm, as it seeks to expand aggressively into financial services. A Grab logo is pictured at the Money 20/20 Asia Fintech Trade… Continue reading SoftBank-backed Grab raises $856 million from Japanese investors in financial services push
Grab raising $706 mln from MUFG to roll-out financial services
SINGAPORE, Feb 25 (Reuters) – Southeast Asian ride hailer Grab is raising $706 million from Mitsubishi UFJ Financial Group Inc (MUFG) and $150 million from Japanese IT services firm TIS Inc, as it seeks to expand aggressively into financial services. “MUFG’s investment into Grab is a vote of confidence in our super app strategy and… Continue reading Grab raising $706 mln from MUFG to roll-out financial services
Nissan warns about future of European plants as Brexit weighs
Tara Patel, Bloomberg Published 12:40 p.m. ET Feb. 24, 2020 | Updated 12:43 p.m. ET Feb. 24, 2020 Nissan Motor Co. gave the starkest warning yet on the future of the Japanese group’s car factories in western Europe, with a plant in the U.K. threatened by Brexit and another in Spain suffering from a slump… Continue reading Nissan warns about future of European plants as Brexit weighs
Your next tire change could be performed by a robot
Waiting in a service station waiting room purgatory one day, Victor Darolfi had a simple thought. “I sat at America’s Tires for three hours and thought, hey, we use robots to put tires on at the factory,” the founder explains. “Why don’t we bring robots into the service industry?” The notion was the first seed… Continue reading Your next tire change could be performed by a robot
Renault Twingo ZE Ties With Smart Make It Better Than The ZOE
As expected, the Renault Twingo ZE has finally arrived. It was just a matter of time to see it around, considering its close ties to the Smart Forfour: both share the same platform and are built at the Revoz plant in Novo Mesto, Slovenia. What most did not see coming was that these ties will… Continue reading Renault Twingo ZE Ties With Smart Make It Better Than The ZOE
@Renault: A new test track opened at AVTOVAZ
AVTOVAZ has introduced a new modern and effective method of the cars’ final quality check. Instead of the open track, which has been used since 1973 to test every car produced, a new test track has been opened, located inside the main building. This minimizes the impact of weather and road conditions on the quality… Continue reading @Renault: A new test track opened at AVTOVAZ
Nissan hopes people will pay $699 a month to swap cars on demand
Sponsored Links Roberto Baldwin / Engadget Over the last couple of years, we’ve seen automakers like Porsche and Cadillac try their hand at car subscription services, and now Nissan is doing the same. Starting in Houston, the Japanese automaker is testing its new Switch service, which allows you to swap Nissan vehicles through a mobile… Continue reading Nissan hopes people will pay $699 a month to swap cars on demand