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Nissan reaches ‘rock bottom’ on dividend cut, decade-low profit

Bloomberg Nissan Motor Co predicted annual operating profit below even the most pessimistic analyst’s estimate and cut its dividend for the first time in a decade, giving partner Renault SA a potential opening to push for greater control over their automaking alliance. Hurt by slumping US sales, aging vehicle models and an out-of-sync product cycle, the Japanese automaker issued an ...

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Tesla car catches fire in Hong Kong parking lot

Bloomberg A Tesla Inc electric vehicle suddenly caught fire in a Hong Kong parking lot, the Hong Kong Economic Times said, less than a month after a similar case was reported in Shanghai. The Tesla Model S had been been parked in San Po Kong Plaza for about half an hour before the battery started to emit smoke and flames ...

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Thailand seeks $1.7b from 5G licenses sale

Bloomberg Thailand plans to sell three 700 megahertz spectrum licenses for a total of about $1.7 billion as part of an effort to develop fifth-generation wireless services. The sale at a fixed price of 17.6 billion baht each will take place on June 19, Takorn Tantasith, the secretary general of the National Broadcasting & Telecommunications Commission, said in Bangkok. The ...

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