Ousted Nissan boss Ghosn leaves Tokyo jail, vows to fight ‘meritless’ charges
Ousted Nissan boss Carlos Ghosn left prison on a $9 million bail on Wednesday, slipping past a throng of reporters in a blue cap and surgical mask, after vowing to mount a defense against financial misconduct charges that he has called “meritless”.
Tesla’s Shanghai assembly plant to be completed in May: government official
Tesla’s upcoming vehicle assembly facility in Shanghai is expected to be completed in May this year, a Shanghai city government official said on Wednesday.
China’s February exports seen falling most in two years, imports down again: Reuters Poll
China’s exports likely contracted in February after a surprise bounce in January, while imports fell for a third straight month, a Reuters poll showed, heightening anxiety over whether Washington and Beijing can resolve deep differences over trade.
Ex-Nissan chief Ghosn case shines harsh light on Japan’s ‘hostage justice’
The high-profile case of ex-Nissan chairman Carlos Ghosn has shone a light in Japan on what critics call “hostage justice”, in which suspects can be held for months after arrest, but any reforms will likely be incremental and slow.
Tesla Shanghai assembly plant to be completed in May: government official
Tesla’s upcoming vehicle assembly facility in Shanghai is expected to be completed in May this year, a Shanghai city government official said on Wednesday.
Dialog Semi expects single-digit revenue hit after Apple deal
Dialog Semiconductor reported a slight rise in fourth-quarter operating profit and said revenue would decline this year as it completes a $600 million transfer of programmers and patents to iPhone maker Apple.
Geely chairman says China auto industry faces restructuring in next 3-5 years
Zhejiang Geely Holding’s Chairman, Li Shufu, said on Wednesday China’s automotive industry faces restructuring and bankruptcies in the next three to five years as the industry transforms.
EU to issue formal complaints to carmakers over emissions collusion: Handelsblatt
The European anti-trust watchdog plans to send formal complaints to BMW, Daimler and Volkswagen this spring, in which the EU regulator will make detailed allegations regarding collusion on emissions of diesel engines, Handelsblatt reported on Wednesday…
Exclusive: Grab eyes more funding after record $4.5 billion round in Southeast Asia
Grab is considering raising more funds from strategic investors, the president of Southeast Asia’s top ride-hailing firm said, after raking in over $4.5 billion in the region’s largest private financing round that included SoftBank’s Vision Fund. Th…
Exclusive: Philip Morris paid for India manufacturing despite ban on foreign investment – documents
Philip Morris International Inc has for years paid manufacturing costs to its Indian partner to make its Marlboro cigarettes, circumventing a nine-year-old government ban on foreign direct investment in the industry, internal company documents reviewed…
