Business / Corporate Jul 26, 2023
Nissan to invest $663 million in Renault EV unit as alliance rejigged
The deal caps months of negotiations aimed at rebalancing the troubled automotive alliance.
The deal caps months of negotiations aimed at rebalancing the troubled automotive alliance.
It’s not that there’s anything wrong specifically with the cars, good looking midsized sedans with Lexus-level luxury. Rather, it’s the high cost of hydrogen.
Japan’s automotive industry employs 5.5 million people, and has long advocated a multistrategy approach toward decarbonization aiming to sustain existing manufacturers and suppliers.
Rental of each set of clothing will cost ¥4,000 to ¥7,000 and garments will be made available in three sizes: small, medium and large.
The announcement comes after the company said last month that Ashwani Gupta, who took charge as COO in December 2019, won’t be reappointed to its board.
Toyota's Corolla H2 Concept, running on liquid hydrogen, crossed the finish line at Fuji International Speedway 24 hours after Toyota Chairman Akio Toyoda climbed into the driver's seat.
Operating profit will be ¥520 billion ($3.9 billion) for the period through March 2024, the Yokohama-based company said Thursday.
The airline has previously run its cargo business using space on passenger flights and chartering other companies’ freighters.
The dollar remains on course to return to the ¥145 level and possibly rise to ¥147.66, a level unseen in more than 32 years, market analysts say.
The Nikkei average ended up 243.67 points, or 0.87%, from Thursday at 28,175.87, its highest finish since June 9. The broader Topix index finished 16.44 points higher at 1,947.17.