Japan’s Rakuten Inc stated on Tuesday it expects to take a 103 billion yen ($947 million) loss in the recent quarter on its investment in U.S. ride-hailing company Lyft Inc.
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Auto sales in China may slip to 26 million this year, a fall of around 8%, a senior industry executive cautioned, as the world’s largest auto market braces for a
Former Nissan Motor CEO Carlos Ghosn rejected any impropriety over payments he made during his reign at the automaker, after a newspaper report that Japanese tax authorities determined he used
Japan’s tax authorities have found former Nissan Motor CEO Carlos Ghosn used company funds for private use, bolstering the automaker’s case that he diverted corporate funds for personal benefit, the
Nissan Motor is thinking about selling two of its European plants as the Japanese automaker experiences falling sales in the region and an industry shift toward electric cars, according to
South Korea’s Hyundai Motor vowed to increase sales of electric vehicles (EV) to more than half a million by 2025 as part of a bid to focus on new technologies
Carlos Ghosn’s lawyers have asked the Tokyo District Court to drop all charges against the former Nissan Motor chairman, stating prosecutors colluded with government officials and Nissan executives to remove
Subaru is recalling over 400,000 vehicles in the U.S. to repair two separate problems with engine computers and motor debris. The first recall from the Japanese automaker concerns 466,000 Impreza
Toyota Motor’s Lexus will introduce its first all-battery electric vehicle in 2020, as the luxury brand races to market a battery-operated car amid increasing competition to develop zero-emissions vehicles, the
Nissan Motor named the head of its Chinese business as its next CEO on Tuesday, selecting an executive known for close relations to top shareholder Renault. By picking Senior Vice
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