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Toyota, Suzuki eye partnership as industry consolidates

  Tokyo / AFP Toyota and Suzuki said on Wednesday they are holding talks about a possible partnership to handle “unprecedented” changes in the global auto industry, as Japan’s vehicle sector sees a wave of consolidation. Toyota, the world’s biggest automaker, and small car specialist Suzuki did not announce details but suggested any partnership could focus on new safety and ...

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580,000 Tokyo homes suffer major blackout

  Tokyo / AFP Tokyo was hit by a major blackout on Wednesday that temporarily knocked out power to a total 580,000 homes and some big office and government buildings, while two train lines were also brought to a halt. Officials said the power outage could be traced to a fire at a facility run by utility Tokyo Electric Power. ...

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Daewoo Shipbuilding to cut 3,000 jobs

  Bloomberg Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, plans to eliminate 3,000 jobs, or 24 percent of its workforce, this year as part of a restructuring plan to improve its financials. Daewoo is receiving applications for a voluntary retirement program until Oct. 21, the Geoje, South Korea-based company said an e-mailed statement Wednesday. The company had ...

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