Displaying Items By Tag: Crisis

Given the unique climate of 2020, lavish celebrations really aren't the order of the day. As such, Mazda has decided to commemorate its 100th by giving a 100th Anniversary Edition MX-5 Miata to each of 50 individuals who have demonstrated selflessness in the face of the global health crisis through a new program dubbed "Mazda Heroes: Honoring The Human Spirit."

"From teachers going the extra mile to enhance distance learning, to community activists sourcing PPE for others, there are countless examples of people across the country going above and beyond to support others without expecting anything in return. Mazda wants to honor these important acts of kindness, resilience and empathy," Mazda's announcement said. 

The latest Japanese government figures show the average monthly wage for workers declined in April as businesses closed voluntarily to contain the coronavirus outbreak.

The labor ministry released the preliminary results on Tuesday, from its survey of more than 30,000 businesses across the country.

Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.

Nissan has long resisted Renault's proposals for a full-blown merger as executives felt the French carmaker was not paying its fair share for the engineering work it did in Japan, sowing discord that some feared could wreck the partnership.

TOKYO — Toyota Chief Executive Akio Toyoda promised Friday that the Japanese auto industry would seek to protect jobs worldwide as it endures the coronavirus pandemic.

Toyoda, speaking as head of the Japan Automobile Manufacturers Association, said he was worried the Japanese economy might be destroyed before the world can win the fight against the sickness caused by COVID-19.

Japan's ruling Liberal Democratic Party has put together its draft proposals on a stimulus package to cope with the economic impact of the coronavirus pandemic. It calls for measures of a larger scale than those taken during the 2008 global financial crisis.

The draft includes a proposal of 20 trillion yen, or about 186 billion dollars, in fiscal spending and 60 trillion yen, or about 560 billion dollars, for businesses.