Exclusive: Toyota scrambles to restart EVs with eye on Tesla

Oct 24 (Reuters) – Toyota (7203.T) plans to restart its electric car strategy to better compete in a booming market it has been slow to break into and has halted some work on existing electric vehicle projects , four people with knowledge of the plans still in development said. The proposals under consideration, if passed, … Read more

Nissan suffers a loss of 687 million dollars by selling its Russian activities for 1 euro

Sale to the Russian public entity NAMI Nissan has the right to buy back business within six years Renault sees its H2 net profit hit by 331 million euros following its move TOKYO, Oct 11 (Reuters) – Nissan Motor Co Ltd (7201.T) will sell its Russia business to a state-owned entity for 1 euro ($0.97), … Read more

German business leaders clash with Berlin over China policy

Berlin aims to reshape its policy to reduce its reliance on China Industry lobbying against China business restrictions German investment and trade with China hit record high Big companies wind down Chinese operations by going local BERLIN, Oct 13 (Reuters) – When German business leaders learned last month of an economy ministry proposal to screen … Read more