Topic
Mitsubishi Motors Corporation was formed in 1970 from the automotive division of Mitsubishi Heavy Industries and is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan. Popular models include the high-performance Lancer.
- Japanese banking shares on Tuesday tumbled the most since the onset of the Covid-19 pandemic
- It came as Asian equities extended declines as investors tried to gauge the fallout from the collapse of SVB and fellow US lender Signature Bank
China’s vehicle industry took a deep dive last month, as Shanghai went into a citywide lockdown, which idled car plants from General Motors to Tesla and Volkswagen.
Lockdowns and travel restrictions are prompting housebound shoppers to snap up more phones, game consoles, smart TVs and laptops, which in turn has fuelled demand for the chips used in those devices.
When Tokyo’s Imperial Palace was worth more than California and golf club membership could cost US$3 million – Japan’s economic golden age was one wild time
Mitsubishi is among the Japanese companies ordered to compensate South Koreans, leading to fraught bilateral relations and Tokyo’s restrictions on hi-tech exports to Seoul.
Ghosn, detained in a Tokyo jail, will be replaced by Renault SA Chairman Jean-Dominique Senard.
Japanese court rejects prosecutors’ appeal to keep Ghosn in prison; the ex-chairman says he is committed to defending himself in a fair trial.
