The Bank of Japan's latest quarterly Tankan survey shows that business confidence among large manufactures plunged to the lowest level in over a decade. That's as the Japanese economy has been hit hard by the coronavirus pandemic.
It shows that sentiment at large manufactures fell to minus 34. The previous survey was minus 8.
It's not very often that a Formula 1 car hits the market, but later this month, a 2009 Toyota TF109 F1 car will cross the auction block.
Collectors who find limited-edition hypercars with a multi-million-dollar price tag a little bit too stodgy will soon have a rare opportunity to add a real Formula One car to their fleet. Toyota donated the first example of the last car it built to compete in the series to a charity auction whose proceeds will go towards COVID-19 relief.
Wearing chassis number 01, this TF109 participated in a battery of tests leading up to the 2009 Formula One season. It was driven by several professional pilots, including Henkie Waldschmidt, Jarno Trulli and Timo Glock, but it never lined up on the starting grid of a race. Instead of stuffing it in a dimly-lit museum, Toyota passed the TF109 to Pirelli who used it as a high-speed test mule for tires. It was stripped of its red and white livery and put in the hands of well-known pilots (including Romain Grosjean) until it finally retired in 2011 after covering about 30,000 kilometers (approximately 19,000 miles), which is enormous for a Formula One car.
In early 2009, the Google Self-Driving Car Project was born, evolving over the years into what we now know as Waymo.
TOKYO — Nissan may report its first quarterly loss in more than a decade on Thursday because of slumping sales, sources familiar with the company said, adding more pressure on efforts to rebuild the company after Carlos Ghosn's ouster.
Deteriorating profits underscore the challenges facing Nissan, which is unwinding many of the expansionist strategies championed by ex-Chief Executive Officer and Chairman Ghosn by slashing jobs, production sites and product offerings to save cash and ensure its survival.