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Toyota to reduce investment, targets for plant in Mexico

Bloomberg Toyota Motor Corp. cut planned investment by 30 percent for a factory it’s building in Mexico and halved its production target amid pressure from US President Donald Trump for manufacturers to keep more production in the US. Japan’s biggest automaker will reduce investment in the Guanajuato plant to $700 million and trim planned capacity to 100,000 units a year, ...

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Japan’s sharing economy limps behind China

Bloomberg Feel like sharing? Japan might not be your place.Once home to the world’s biggest technology drivers in the 1980s, Japan has missed the boat when it comes to expanding its sharing-economy sector. Miles behind the US and dwarfed by China by more than two thousand to one, Japan’s sharing economy is also smaller than that of other developed economies ...

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Jinmao’s Hong Kong office searched in graft probe

Bloomberg Chinese state-backed developer China Jinmao Holdings Group Ltd. said its Hong Kong office was searched in a corruption probe. The company’s shares fell as much as 3.3 percent in Hong Kong on Wednesday and JPMorgan Chase & Co. downgraded the stock. Jinmao and its units are not the subject of the investigation, the company said in a filing to ...

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