The foreign ministers of Japan and Tajikistan have agreed to boost bilateral relations in a wide range of fields. Their meeting comes at a time when China is increasing its influence in Central Asia.
Japan's Taro Kono met Tajikistan's Sirojiddin Muhriddin in the Central Asian country on Sunday. Kono is the first Japanese foreign minister to visit the nation in 15 years.
TOKYO — Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources. Nissan's management feels the Japanese company has not been treated as an equal of Renault under existing capital ties, and a merger would make this inequality permanent, the Nikkei reported. The outlook for the alliance — one of the world's top automaking partnerships — has been in focus since the arrest in November of its main architect, Carlos Ghosn, on charges of financial misconduct. The former Nissan and Renault chairman has denied the charges against him and has said he was the victim of a boardroom coup by Nissan executives opposed to closer ties.
To which, Bloomberg reported that it has seen emails in which Nissan executives were working with Japanese government officials to defend the company's independence, as Ghosn was pushing for a full merger.
FRANKFURT, Germany — Daimler is looking to make 6 billion euros ($6.75 billion) in cost cuts and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at its Daimler Trucks division, Manager Magazin said on Thursday. Around 10,000 jobs will be cut at Daimler, the business-focused magazine said, without citing sources. The separations will likely be voluntary, as Daimler has previously ruled out layoffs until the end of 2020. Daimler declined to comment on the cost savings figure and on Manager Magazin's report. The magazine said the savings are being sought by Daimler's Ola Kaellenius, who will become CEO in May. Daimler said in February it would pursue cost saving measures after fourth-quarter operating profit plunged 22 percent, hit by trade wars, rising costs for developing electric cars and an industry downturn. Manager Magazin said around 30,000 Mercedes-Benz cars with faulty vehicle electronics were produced at its plant in Tuscaloosa, Alabama, requiring expensive reworking which was causing production delays. Those delays had led to a revenue shortfall of around 2 billion euros and could depress first quarter earnings by up to half a billion euros, the report said. Daimler is due to release first quarter earnings on April 26. Manager Magazin also said Daimler plans to become a carbon neutral company by 2040, ensuring that all new cars, production methods and suppliers work in ways which do not produce carbon dioxide emissions. Separately, Kaellenius will not renew common projects with French carmaker Renault and Nissan, letting an alliance between the carmakers lapse, the magazine said. The Infiniti Q30 and QX30 are built on a Mercedes platform. Mercedes plans to explore more collaboration with Geely, which is Daimler's biggest shareholder with a 9.7 percent stake.
Japanese Foreign Minister Taro Kono and his Chinese counterpart Wang Yi have reaffirmed the need to develop bilateral relations and also work closely together for the Group of 20 summit in Osaka in June. Chinese President Xi Jinping is to attend the summit.
At talks in Beijing on Monday, Wang said the two countries need to further advance the prospects for developing ties. He expressed hope about taking relations to the next level.
CHESTER, Pennsylvania--Alex Morgan scored her 99th international goal, but Yuka Momiki responded with a stoppage-time equalizer and Japan tied the United States 2-2 on Wednesday night in the SheBelieves Cup tuneup tournament for the Women's World Cup.
Megan Rapinoe also scored for the Americans in a rematch of the last two Women's World Cup finals.
Japanese Prime Minister Shinzo Abe and German Chancellor Angela Merkel have agreed to bolster economic ties during talks in Tokyo. The meeting came days after the Economic Partnership Agreement between Japan and the European Union came into force.
Merkel is on a two-day visit to Japan -- her first visit in three years.