Tag: japan
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Porsche’s Tokyo Experience Centre Track Replicates Corners From The Nürburgring And Laguna Seca
Porsche has opened its ninth Porsche Experience Center (PEC) in Japan, and it sounds like the automotive version of one of those buffet restaurants where each table has different culinary theme. The headline feature of the 43-hectare site is a 1.3-km handling track that contains replicas of some of the world’s most famous race track…
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Honda Aims To Be First Carmaker To Mass-Produce Level 3 Autonomous Vehicles
Honda is looking to become the world’s first carmaker to mass produce Level 3 autonomous vehicles, as per Reuters. These cars will be capable of driving themselves in congested motorway traffic while legally allowing drivers to take their eyes off the road. The Japanese government has already awarded Honda a safety certification for its ‘Traffic…
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What Just Happened Here? Minivan Is Suddenly Tossed Into The Air In Japan
A frightful dashcam footage has surfaced out of Japan that reveals a white minivan being pushed off the pavement when driving a ferocious storm. According to the description of this video posted on Twitter, the incident happened near Gifu Park at the town of Gifu, near the city of Nagoya. It reveals that a minivan…
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Toyota Vows To Stay Profitable Despite Ongoing Viral Pandemic
During Toyota’s annual shareholder meeting, CEO Akio Toyoda vowed that the carmaker will remain profitable during the ongoing viral pandemic, using lessons it learned while overcoming the last global financial crisis. The company will also lend a hand to cash-stripped customers by relaxing auto-loan payment deadlines and offering used rental cars instead of new ones,…
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Mazda Seeks $2.8 Billion In Loans To Help It Through Coronavirus
Mazda is seeking loans at roughly 300 billion yen ($2.8 billion) out of Japan’s three megabanks along with other creditors to allow it to ride out the coronavirus pandemic, Reuters accounts. The banks, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group alongside the Development Bank of Japan, Sumitomo Mitsui Trust Holdings…
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Tesla’s newest board member has a long stance against short selling
Tesla has added Hiromichi Mizuno as a brand new member for its board of directors and audit committee — the former chief investment officer of Japan’s $1.5 trillion pension fund and a longtime opponent of common market practices like short sale. Together with Mizuno’s appointment the Tesla plank currently has 10 members, such as Oracle…
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Top Secret’s Nissan GT-R VR32 Packs 750 HP R35 Drivetrain
The iconic Nissan Skyline nameplate dates all of the way back into the late 1950s. It wasn’t before the R32 production came together that the Skyline began amassing its cult following with regards to the GT-R spec. When fresh, the R32 GT-R was powered by a 2.6-liter twin turbo six-cylinder unit, producing 276 HP (280…
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Toyota And Panasonic Announce Joint Venture To Build EV Batteries
Toyota and Panasonic will set a joint venture place to create and produce electric vehicle batteries from April. The organization, dubbed Prime Planet Energy & Solutions, is defined to develop prismatic batteries that’ll be made accessible to other car manufacturers. Toyota owns 51 percent of the joint venture while Panasonic owns the rest. Operations will…
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How Did Fugitive Former Auto Executive Carlos Ghosn Escape Japan? Here Are a Few of the Theories
Did Carlos Ghosn do it? The former head of Nissan Motor Co. and Renault SA, that was awaiting the first of two trials in Tokyo, somehow evaded almost round-the-clock video and manned surveillance and heavy restrictions on his liberty of movement to flee to Lebanon. From that point, Ghosn published an email Tuesday decrying that…
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Carlos Ghosn’s escape from Japan is a nightmare for the country’s justice system — and the ousted Nissan exec may now be looking to put that system on trial
Associated Press Former Renault-Nissan-Mitsubishi Chairman Carlos Ghosn has fled Japan, at which he was awaiting trial following a 2018 arrest on allegations of financial malfeasance. In a statement, Ghosn confirmed that he was in Lebanon, where he’s a citizen. Lebanon does not allow its citizens to be extradited, so Ghosn’s trial in Japan is dead.…