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Success eludes Musk in Japan car market

Bloomberg For all of Elon Musk’s domination of the burgeoning electric-vehicle business, Tesla Inc is struggling to get traction in Japan, a market he put on a pedestal early in the automaker’s early days. The day after taking the electric-car maker public in June 2010, the first Roadster sports cars shipped to Asia weren’t destined for Shanghai — they went ...

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Nissan may cut costs as business worsens

Bloomberg Nissan Motor Co is ready to make deeper cuts to fixed costs as the carmaker’s business deteriorates in a tough environment exacerbated by the coronavirus, said Chief Executive Officer (CEO) Makoto Uchida, who is three months into his tenure atop the struggling company. The CEO has promised to unveil a turnaround plan in May for the Japanese giant, which ...

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Son tells Wall Street he’s eager to keep investing

Bloomberg SoftBank Group Corp, facing skepticism of its investment strategy, conveyed a message to Wall Street: Now is the time to invest. Masayoshi Son, SoftBank’s founder and chief executive officer, (CEO)told a roomful of fund managers and financial institutions at a private meeting in New York that recent market declines present an opportunity to take stakes in companies at discounted ...

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