NAGOYA, Japan -- Toyota Motor on Tuesday unveiled the latest edition of the GRMN Corolla, with plans to start selling the track-focused premium sports car in select markets next year.

JAKARTA -- Nadiem Makarim, former education minister and the founder of Indonesian ride-hailing company Gojek, on Tuesday suggested his graft prosecution was a personal vendetta and accused prosecutors of "poor" understanding of technology and business, resulting in their demand that he be jailed for 27 years.

TAIPEI -- Intel CEO Lip-Bu Tan described TSMC as an important partner and Nvidia as a "friend," even as his company competes increasingly directly against both.

JAKARTA -- Indonesia recorded its smallest trade surplus in more than six years in April as the value of imports surged on the back of the declining rupiah, rising costs resulting from the Iran war, higher chip prices and pro-growth policies that stimulated domestic demand.

TAIPEI -- South Korean chipmaker SK Hynix, a key Nvidia supplier, will double its total wafer capacity in the next five years to serve the massive increase in AI demand, while maintaining its projection that the unprecedented memory chip supply crunch could last until 2030.

TOKYO -- Japanese corporate acquisition firm Advantage Partners has launched a 300 billion yen (approximately $1.8 billion) buyout fund, Nikkei has learned. Advantage aims to use the fund, one of the largest from a Japanese private equity firm, to drive the restructuring of Japanese industries by spinning off non-core businesses from domestic companies and taking midsize companies private.

TOKYO -- Mazda Motor said on Tuesday that it has begun a demonstration trial of vehicle-hauling truck-trailer running on biodiesel fuel in partnership with logistics company Nippon Express (NX), reflecting a broader push by Japanese automakers to reduce environmental impacts.

BENGALURU -- India's Mahindra & Mahindra (M&M) is betting on electric vehicles and a new range of pickups as it looks to expand its international presence, the conglomerate's autos chief said in an interview with Nikkei Asia, with exports to South Africa, Australia and New Zealand, and the U.K. expected in about two years.

HONG KONG/SHANGHAI -- Chinese AI startups MiniMax and Zhipu are both planning to apply for domestic listings in Shanghai, corporate filings show, as the two face ongoing pressure from the heavy spending on computing power and research and development needed to stay in the artificial intelligence race.