In a report Japan’s Nikkei said, Panasonic will begin producing its new lithium-ion battery for Tesla from 2023 and plans to invest around $705 million (80 billion yen) in production facilities in Japan. Panasonic’s new lithium-ion batteries is likely to make electric… Read More ›
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Japan’s ruling aims to incentivize green investments
With Japanese Prime Minister Yoshihide Suga strategically placing carbon neutrality at the centre of the country’s economic recovery plan, the country’s ruling party has called for extending tax breaks on low-emission vehicles as well as incentivize green investments, showed a… Read More ›
Japan extends March 31 financial year end reporting to Sept. 30
On Tuesday, in a statement Japan’s Finance Minister Taro Aso stated, Tokyo has decided that it will allow companies to extend the deadline for submission of securities and financial reports until the end of September. The decision comes midst difficulties… Read More ›
Toyota extends factory shutdown in Europe till April 20
On Monday, Toyota Motor Corp said, it will be extending a suspension of production at its factories in Europe with the exception of Russia until further notice. A restart of operations could potentially start after April 20. Following the Wuhan… Read More ›
GM extends North American shutdown of plants without stating restarting date
In a statement, General Motors Co disclosed, it will extend the shutdown of its North American plants beyond March 30. It did not set a restart date. In an e-mail to suppliers, General Motors said, “given the unprecedented circumstances, exactly… Read More ›
U.S. does not want to do business with Huawei on national security grounds: Trump
As a gesture of good faith, the U.S. is slated to extend a “temporary general license” for Huawei for a period of 90 days. Despite the fact that the Trump Administration has extended a grace period for U.S. business to… Read More ›
European Union poised to extend tariffs on Chinese bicycles
The bicycle industry has been identified as a key industry in China’s current five-year plan and its Made in China 2025 initiative. Thus it is very likely that the state-backed producers would return to selling them at high volumes and… Read More ›
Britain exploring ways to extend its departure from EU
Using unofficial channels of communication, the British government is exploring ways for the very real possibility of extending Britain’s formal notice of withdrawal from the EU on March 29, 2019. As per a report from the Daily Telegraph citing anonymous… Read More ›