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JAKARTA (Reuters) - Indonesian President Joko Widodo said on Thursday that a planned sovereign wealth fund to finance infrastructure projects in Southeast Asia's biggest economy will raise at least US$20bil once established.
TOKYO: A Nissan Motor Co alliance with Honda Motor Co “feels a little wrong” but shouldn’t be out of the question if the embattled automaker ends up severing ties with Renault SA, according to LightStream Research analyst Mio Kato.
SEOUL: South Korea’s Hyundai Motor Co has unveiled the first sport-utility vehicle (SUV) under its Genesis brand, a move analysts said was crucial for the premium marque’s expansion in overseas markets.
BEIJING: China’s auto market is likely to shrink for the third consecutive year in 2020, the country’s top auto body said, with industry watchers hoping a sales recovery in lower-tier cities help ease the pace of decline.
LONDON: Life on the run is proving expensive for Carlos Ghosn. The cost of his escape included US$14mil in forfeited bail money while the operation that saw him celebrate New Year’s Eve in Beirut could have cost US$15mil or more.
SHANGHAI (Bloomberg) -- Car sales in China continued to fall in December, capping a second straight annual decline for the world’s biggest market, which is showing few signs of emerging from its historic slump.
The Japanese government battled to restore its image on Thursday, hours after former auto executive Carlos Ghosn blasted the country’s legal system in a marathon press conference following his escape to Lebanon.
SAN FRANCISCO: For the first time, Tesla Inc's stock market value has eclipsed the combined values of General Motors Co and Ford Motor Co.
NEW YORK: Ousted Nissan boss Carlos Ghosn stunning escape from Japan sees him join the ranks of other former or current corporate executives with pending extradition requests by foreign countries.