Bloomberg The US doesn’t plan to suspend more joint military drills with South Korean forces, Defense Secretary Jim Mattis said, amid reports that North Korea was rejecting American demands for Kim Jong-un to give up his nuclear warheads. “We have no plans at this time to suspend any more exercises,” Mattis told reporters at the Pentagon, adding that the Defense ...

Bloomberg Toyota Motor Corp. is aiming to triple car production in China by as soon as 2030 in a renewed push to make up lost ground in the world’s biggest market, according to people familiar with the plan. Asia’s largest automaker is targeting to manufacture 3.5 million vehicles annually in China around that year while boosting imports to the country ...

Bloomberg NIO Inc., the Chinese electric-car maker backed by Tencent Holdings Ltd., is planning a US initial public offering that would give it a valuation topping $8 billion as it gears up to take on the likes of Tesla Inc. The company is aiming to raise as much as $1.3 billion, offering 160 million American depositary shares at $6.25 to ...