*Lack of trade talks progress, Hong Kong protests hit mood. President Donald Trump disappointed investors, offering few details on progress in trade talks with China. Trump on Tuesday dangled the prospect of completing an initial trade deal with China "soon," but at the same time warned he would raise tariffs on Chinese goods "very substantially" if China does not...
President Donald Trump left investors on tenterhooks as they await details on progress in negotiations with China to end a lingering trade war that has rattled the global economy. Trump on Tuesday dangled the prospect of completing an initial trade deal with China "soon", but at the same time warned he would raise tariffs on Chinese goods "very substantially" if...
*Sees FY operating profit at 150 bln yen from 230 bln yen. YOKOHAMA, Nov 12- Nissan Motor Co reported a 70% drop in quarterly profit on Tuesday and cut its full-year forecast to an 11- year low, hit by a strong yen and falling sales, and highlighting the turmoil at the Japanese automaker after the ouster of Carlos Ghosn. Operating profit at Japan's second-biggest...
*Sees FY operating profit at 150 bln yen from 230 bln yen. YOKOHAMA, Nov 12- Nissan Motor Co Ltd reported a 70% profit drop on Tuesday and cut its full-year outlook to an 11- year low, as the Japanese automaker was hit by falling sales that highlight its ongoing turmoil after the ouster of former head Carlos Ghosn. Operating profit at Japan's second-biggest automaker...
YOKOHAMA, Nov 12- Nissan Motor Co Ltd reported a 70% profit tumble on Tuesday and cut its full-year outlook to an 11- year low, as the Japanese automaker was hit by falling sales that highlight its ongoing turmoil after the ouster of former head Carlos Ghosn. Operating profit at Japan's second-biggest automaker by sales came in at 30 billion yen during the...
YOKOHAMA, Nov 12- Nissan Motor Co Ltd reported a 70% profit tumble on Tuesday and cut its full-year outlook to an 11- year low, as the Japanese automaker continued to grapple with falling sales and the aftermath of the ouster of former Chairman Carlos Ghosn. Operating profit at Japan's second-biggest automaker by sales came in at 30 billion yen during the...
The 61-year-old CEO of PSA Peugeot Citroen is about to take the biggest risk of his long automotive career, convincing the board of the Paris-based company to approve a merger with the Italian-American Fiat Chrysler.
*Global controller Stephen Ma to become finance chief. TOKYO, Nov 1- Nissan Motor Co on Friday named American Stephen Ma as its next finance chief and said some veteran executives were stepping down, putting a new generation in charge of a company battling to recover from plunging profits and management scandal. The announcement by Japan's second-largest...
TOKYO, Nov 1- Nissan Motor Co on Friday appointed American Stephen Ma as its next chief financial officer and said Hitoshi Kawaguchi and other veteran executives were stepping down, a shake-up that one source said marked a "generational change" at the automaker. The announcement comes just weeks after the Japanese company named the head of its China business,...
FRANKFURT, Oct 30- FiatChrysler and France's Peugeot said they are in talks about a potential tie-up, the latest bout of auto industry consolidation as the costs of developing zero-emissions vehicles rises amid slowing global demand. February 2018- Geely Chairman Li Shufu reveals he has bought a 9.69% stake in Mercedes-Benz parent Daimler worth around $9...
TOKYO, Oct 29- Japan's tax authorities have determined former Nissan Motor Co Ltd boss Carlos Ghosn used company money for private use, bolstering the automaker's case that he diverted corporate funds for personal gain, the Yomiuri reported on Tuesday. The Japanese newspaper, without citing sources, said the National Tax Agency found Ghosn used Nissan money...
*Group Q3 revenues fell 1.6% to 11.3 bln euros. PARIS, Oct 25- French carmaker Renault's group revenue fell in the third quarter, weighed down by a drop in production at partners Nissan and Daimler as declining demand for diesel engines added to the effects of a slowing global market. The company, which owns 43.4% of Japanese manufacturer Nissan, said Renault group...
TOKYO, Oct 24- Carlos Ghosn's lawyers have asked the Tokyo District Court to dismiss all charges against the former Nissan Motor Co Ltd chairman, saying prosecutors colluded with government officials and Nissan executives to oust him from his post. Currently on bail in Japan, Ghosn is not allowed to contact his wife or use the internet unsupervised and has had to...
TOKYO, Oct 24- Lawyers for former Nissan Motor Co chairman Carlos Ghosn submitted filings to the Tokyo District Court on Thursday seeking the dismissal of all charges against him and accusing Japanese officials and executives at the automaker of collusion.
PARIS, Oct 22- Renault Chairman Jean-Dominique Senard is determined to get the carmaker's alliance with Japan's Nissan back on track next year, he said on Tuesday, adding other matters such as a potential tie-up with Fiat Chrysler were less of a priority. The Renault-Nissan partnership was rocked by former alliance boss Carlos Ghosn's arrest in Tokyo almost a...
BEIJING, Oct 18- Nissan Motor Co's incoming chief executive Makoto Uchida told employees on Friday that his mission is to "restore business performance and regain trust in Nissan". His appointment was announced in early October, along with decisions by the board of Japan's second-biggest automaker to name Mitsubishi Motors executive Ashwani Gupta chief...
PARIS, Oct 18- A profit warning sent Renault's shares as much as 15% lower on Friday, capping a turbulent year for the French carmaker since the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp global auto industry slowdown. Renault and Nissan both announced leadership changes last week, seeking to reboot their alliance which was thrown into...
PARIS, Oct 18- A hefty profit warning sent Renault shares tumbling as much as 15% on Friday, capping a miserable year for the French carmaker following the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp slowdown in the global auto industry. But the companies are struggling amid a global industry slowdown, with pressures also coming from...
TOKYO, Oct 17- Little-known hotelier Unizo Holdings Co Ltd has found itself the centre of private equity attention, with global names vying for the opportunity to buy into Japan's property market on the cheap. That came after Unizo changed its mind about being bought out by Fortress Investment Group- backed by Japan's SoftBank Group Corp- whom it had enlisted to...
PARIS, Oct 15- Experience in overhauling a company and a track record in industry will be more important than nationality when carmaker Renault chooses a new chief executive, France's junior economy minister said on Tuesday. "When we had to find the best profile for someone to lead Air France, we got someone who is not French- very well," said Pannier-Runacher,...
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