Mitsubishi to use Nissan-made platform for domestic models
TOKYO -- Mitsubishi Motors plans to stop developing car platforms for the Japanese market as it co-develops undercarriages with Nissan Motor beginning around 2026, Nikkei has learned, the latest indication of realignment in an industry that requires huge technology investments.
Mitsubishi hopes to shift its research and development investment into electric vehicles and other technologies.
The platform is a car's foundational component; the engine, interiors and exteriors are attached to it. Developing one costs tens of billions of yen (tens of millions of dollars
India's plan to revamp Mahatma Gandhi home meets fierce criticism
NEW DELHI -- A backlash from activists and historians has greeted the Indian government's plan to give a $166 million makeover to Mahatma Gandhi's Ashram in Ahmedabad, in Prime Minister Narendra Modi's home state Gujarat.
Also known as the Sabarmati Ashram, the 55-acre site on the banks of the Sabarmati River, is one of India's most revered pilgrimage sites. Launched by Gandhi in 1917, it served as his and wife Kasturba's home between 1
Four constituents of Nikkei Stock Index 300 to be replaced
TOKYO -- Nikkei announced on Monday that it will replace four of the constituent stocks of the Nikkei Stock Index 300, or Nikkei 300, after its annual review between Sept. 29 and Oct. 4.
On Sept. 29, Maeda Corp. and Maeda Road Construction will be removed from the index and be replaced by Nihon M&A Center and MonotaRO. Meanwhile, Maeda and Maeda Road will be deleted due to the establishment of INFRONEER Holdings as their new holding company.
On Oct
Vietnamese love the US, and China cannot change that
Dien Luong is a visiting fellow at the ISEAS-Yusof Ishak Institute, Singapore.
When U.S. Vice President Kamala Harris' arrival in Hanoi was delayed last month, China's ambassador to Vietnam Xiong Bo scurried to hold a previously unannounced meeting with that country's Prime Minister Pham Minh Chinh.
Last Friday, two weeks after Harris departed Vietnam, China's Foreign Minister Wang Yi touched down in Hanoi to embark on a weeklong trip to the region, adding South Korea to his itinerary.
Such back
Tata Sons plans debt raise to turbocharge transformation
MUMBAI -- The shareholders of Tata Sons Private, the holding company of the Tata group of companies and India's largest business house by market capitalization, on Tuesday are expected to approve raising up to 400 billion rupees ($5.44 billion) in new debt to help fund heavy investments in new businesses.
The cash infusion comes with chairman Natarajan Chandrasekaran planning to foray deeper into e-commerce, set up a semiconductor plant and manufacture 5G network equipment for telecom companies, and with him working
Venture capital doubles down on Southeast Asian tech
JAKARTA/SINGAPORE -- Two venture capital firms prominent in Southeast Asia are doubling down on the region's tech ecosystem, believing the best is yet to come.
With upcoming IPOs of first-generation startups supplying additional momentum, the investors are ready to nurture the next generation through their new and rebranded funds.
Jungle Ventures, one of Southeast Asia's oldest VCs, confirmed to Nikkei Asia that it recently achieved a first close of its fourth fund at $225 million, already near the $24
TSMC to build advanced chip plant in southern Taiwan
TAIPEI -- Taiwan Semiconductor Manufacturing Co., the world's biggest contract chipmaker, is looking to build an advanced plant in south Taiwan as part of a $100 billion expansion to address the unprecedented global chip shortage.
The planned chip plant will be in the city of Kaohsiung, home to ASE Technology Holding, the world's biggest chip packaging and testing service provider, according to people familiar with the matter. It will be the first time for TSMC to have a presence in the industrial harbor city
South Koreans sour on China ahead of Wang Yi visit
SEOUL -- "The Sacrifice," a Chinese movie, takes place during one of the tensest phases of the Korean War, telling the story of Chinese soldiers working to repair a bridge while under fire from South Korean and U.S. troops.
The movie was a huge hit in China upon its 2020 release, but spurred a far different reaction this week ahead of its planned release on streaming platforms in South Korea. Politicians and netizens expressed anger that the movie was permitted for screening in the country
Singapore e-tailer Shopee takes Latin America by storm
SINGAPORE/SAO PAULO -- Social media feeds in Brazil were deluged Thursday with ads trumpeting huge discounts on the Shopee e-commerce platform: 65% off Adidas sneakers, 49% off wireless headphones, and more.
The promotions for Shopee's 9.9 Super Shopping Day sale, while new to South American consumers, are a familiar sight in Southeast Asia, where Shopee operator Sea has used such gambits to become the region's largest online retailer.
Now the Singapore-based company is pouring money
How Carlos Ghosn could help enliven Japan's election
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
As Taro Kono tries to seal the deal for the Japanese premiership, he might consider pulling Carlos Ghosn into the fray.
The rogue CEO who got away sure is talking a lot these days from Beirut. In a drip, drip, drip of interviews, the former Nissan Motor chief is making his case that Japan's "hostage justice" system did him wrong
