Business & Finance News
Nissan Motor Co has strengthened a taskforce of senior officials ahead of an expected onslaught of criticism from former chairman Carlos Ghosn following his dramatic escape from house arrest in Japan, three sources familiar with the matter told Reuters.
Elon Musk showed off striptease moves at the launch of Tesla’s Model Y electric sports utility vehicle programme at its new Shanghai factory on Tuesday, where the company delivered its first cars built outside the United States to the public.
A decision by Japanese prosecutors to issue an arrest warrant for Carlos Ghosn’s wife shortly before the fugitive car boss was due to speak publicly about his case was “pathetic”, a spokeswoman for Ghosn told Reuters on Tuesday.
The German state of Brandenburg has received a flurry of inquiries from German carmakers after electric car start-up Tesla opted to build its European factory there, Brandenburg’s Economy Minister Joerg Steinbach told Reuters.
An arrest warrant issued by Japanese prosecutors for Carlos Ghosn’s wife Carole is “pathetic” and comes shortly before Ghosn is to speak freely for the first time since arriving in Beirut, a spokeswoman for Ghosn told Reuters on Tuesday.
World shares steadied and oil pulled back from multi-month highs on Tuesday after dramatic post-new year moves, as investors judged prospects of an all-out conflict between the United States and Iran had eased.
U.S. electric car maker Tesla Inc said it has started work on building Model Y electric sports utility vehicles (SUV) at its $2 billion Shanghai factory, marking a new milestone for the company’s first foreign car plant.
Japanese legal officials are poring over Lebanese laws in a bid to find a way to return ex-Nissan boss Carlos Ghosn to Japan, a Ministry of Justice senior official said on Tuesday, adding that Tokyo will do its utmost to have him face trial on financial misconduct charges.
Ousted Nissan Motor Co Ltd boss Carlos Ghosn is set to hold on Wednesday his first live news conference since his arrest in November 2018 on financial misconduct charges, saying his escape from Japan has meant he can communicate “freely”.
Investors have sued Daimler for 896 million euros ($1 billion) in a regional court in Stuttgart, accusing the carmaker of concealing its use of emissions cheating software, German law firm TILP said on Tuesday.
Volkswagen is seeking more than 100 million euros ($112 million) in damages from former supplier Prevent, it said on Tuesday, adding it had filed a first claim for one of its subsidiaries.
Oil prices on Tuesday surrendered some gains made over the previous two days as investors reconsidered the likelihood of Middle East supply disruptions in the wake of the United States killing a top Iranian military commander.
U.S. electric vehicle maker Tesla Inc on Tuesday officially started work on a Model Y program at its $2 billion Shanghai factory, in a ceremony attended by its billionaire CEO Elon Musk and senior Shanghai government officials.
Japan will do its utmost to secure the return of ex-Nissan boss Carlos Ghosn and is examining Lebanese law for a way to bring him back, a senior official at the Japanese justice ministry said on Tuesday.
Japan has asked Lebanon for help regarding Carlos Ghosn, a top Japanese official said on Tuesday, calling the former auto executive’s escape to Beirut “regrettable” but stopping short of spelling out what Tokyo was seeking from local authorities.
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