Bloomberg Ford Motor and Mahindra & Mahindra agreed to co-develop a mid-size sports utility vehicle (SUV) for India and emerging markets in an effort to sustain profitability in the world’s third-biggest car market. The new SUV will have a common Mahindra product platform and powertrain, helping to reduce product development costs and gain economies of scale, Mahindra and Ford said ...

Bloomberg SoftBank Group International Chief Financial Officer Alok Sama will step down from his post, according to an internal memo seen by Bloomberg News. He will remain a senior adviser at the company, according to the memo, which didn’t provide a reason for his departure. Sama led the execution teams for the $59 billion merger of Sprint and T-Mobile and ...

Bloomberg Japan’s rapidly-aging society will see a quarter of its breadwinners turn 75 or older by 2040, the Nikkei reported, citing a study from the National Institute of Population and Social Security Research. The number of people living alone who are 75 or older will top 5 million.