Nissan Reportedly Rejecting Renault Proposal For Closer Ties

Nissan reportedly rejecting Renault proposal for closer ties

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.

Japan, Us To Boost Space, Cyber-security Ties

Japan, US to boost space, cyber-security ties

Japan and the US have agreed to boost cooperation in the fields of cyber-security and outer space.

Japanese Foreign Minister Taro Kono and Defense Minister Takeshi Iwaya met US Secretary of State Mike Pompeo and acting Secretary of Defense Patrick Shanahan in Washington on Friday.

Daimler To Cut $6.75 Billion At Mercedes, Sever Ties With Renault-nissan

Daimler to cut $6.75 billion at Mercedes, sever ties with Renault-Nissan

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.

Kono, Wang Agree On Bilateral Ties, G20

Kono, Wang agree on bilateral ties, G20

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.

Kono Calls For Strengthened Japan-china Ties

Kono calls for strengthened Japan-China ties

Japanese Foreign Minister Taro Kono says he wants to see strengthened ties between Japan and China as this year marks a major milestone for each of the countries.

Kono held talks with Chinese university students learning Japanese on Saturday. He is in Beijing to attend high-level economic talks.

Japan Aims To Deepen Ties With Oman

Japan aims to deepen ties with Oman

A Japanese cabinet minister has expressed hope to deepen business and security ties with the Middle Eastern country of Oman.

State Minister for Foreign Affairs Masahisa Sato visited the capital, Muscat, on Tuesday.

Kono: Ghosn Rearrest Won't Affect Ties

Kono: Ghosn rearrest won't affect ties

Japan's foreign minister says the rearrest of former Nissan Chairman Carlos Ghosn is not likely to affect relations between Japan and France.

Taro Kono met his French counterpart on Friday in France.

Soccer/ U.s. Ties Japan 2-2 In Women's World Cup Tuneup

SOCCER/ U.S. ties Japan 2-2 in Women's World Cup tuneup

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.

Abe, Merkel, Agree To Bolster Economic Ties

Abe, Merkel, agree to bolster economic ties

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.

Kang: Dialogue Needed To Mend Japan-s.korea Ties

Kang: Dialogue needed to mend Japan-S.Korea ties

South Korea's Foreign Minister Kang Kyung-wha has indicated that dialogue is needed to mend relations with Japan. But she did not clarify whether her government will agree to talks requested by Japan.

Bilateral ties have soured over the issues of wartime labor and a South Korean navy vessel's directing fire-control radar at a Japanese Maritime Self-Defense Force patrol plane.

Abe, Xi Agree To Boost Ties

Abe, Xi agree to boost ties

Japan's Prime Minister Shinzo Abe and Chinese President Xi Jinping have met in Beijing. Both say they're determined to turn a new page in the relationship between the two countries.

Xi said, "As the international situation changes, China and Japan are becoming increasingly dependent on one another.
Our countries also have a growing number of common interests and concerns on a multilateral level. The rapid changes in the world are providing China and Japan with opportunities for more cooperation on higher levels."

Japan, China Pms Agree On Stronger Ties

Japan, China PMs agree on stronger ties

Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang have agreed to further enhance relations between the 2 countries.

The 2 leaders met in Beijing on Thursday following Abe's arrival in the Chinese capital. It's the first visit by a Japanese prime minister in 7 years.

Kono Expresses Hope For Improved China Ties

Kono expresses hope for improved China ties

Foreign Minister Taro Kono has indicated Japan's willingness to cooperate with China on infrastructure projects for developing countries.

Kono made the remarks in a speech on Friday at Georgetown University in Washington. He is a graduate of the university.