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Mitsubishi’s testing scandal charge cuts profit by 19%

  Tokyo / Bloomberg Mitsubishi Motors Corp. booked a 19.1 billion yen ($174 million) charge to reflect losses related to its fuel economy testing scandal, which reduced profit last fiscal year by 19 percent and prompted a shake-up in top management. The Japanese automaker said it earned 72.6 billion yen for the fiscal year ended in March, rather than the ...

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Toyota to expand Malaysia ops with $488 million plant

  KUALA LUMPUR / AP Japanese automaker Toyota Motor Corp. said on Wednesday that it will build a second factory in Malaysia as part of expansion to meet rising local demand. The new 2 billion ringgit ($488 million) plant will be built by Toyota and its local partner, UMW Corp. Toyota said that the plant, to be built in the ...

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Asia hotbed of IT piracy despite economic growth, says watchdog

  Singapore / AFP More than 60 percent of all computer software installed in the Asia-Pacific in 2015 was unlicensed, the worst of any region, despite growing economies and anti-piracy efforts, an industry watchdog said on Wednesday. The Software Alliance — which includes giants like Microsoft, Apple, Intel, Oracle and Adobe — said in a report that the unlicensed software ...

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