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Market News

Market News

Foreign workers are on the way, but are Japanese businesses ready?

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Indonesian trainees at a farm in Kagawa Prefecture | KYODO A new visa program designed to lure more workers to Japan takes effect Monday, and government officials and industry leaders hope two new types will help alleviate the national labor shortage. But whether businesses are prepared to accept them is an entirely different matter. Companies…

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Renault-Nissan-Mitsubishi launches cloud platform for connected vehicles

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Renault-Nissan-Mitsubishi, the world’s leading automotive alliance, has announced the production release of the Alliance Intelligent Cloud, a new platform that is enabling Renault, Nissan, and Mitsubishi Motors to deliver connected services in vehicles sold in nearly all 200 markets served by the Alliance member companies. Culminating joint development efforts between the Alliance and Microsoft, the…

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Ford to build new factory in Michigan for autonomous vehicles

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Workers build a truck as it goes through the assembly line at the Ford Kentucky Truck Plant in Louisville, Kentucky. Ford is building a new plant in Michigan for autonomous vehicles as the company realigns some factories to focus on its future lineup of self-driving and electric cars. The new facility, scheduled to open in…

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In picking Microsoft’s cloud, Volkswagen shows that even carmakers have some fear of Amazon

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Microsoft CEO Satya Nadella and Volkswagen CEO Herbert Diess (not pictured) attend a session during their visit to Volkswagen Digital Lab in Berlin on Feb. 27, 2019. In the cloud wars, Microsoft has been able to win big business from retailers, largely because companies like Walmart, Kroger, Gap and Target are opting not to write…

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Artificial intelligence is going to control on-demand bus services in Japan

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The Mitsubishi Corporation has set up a joint venture company that will use artificial intelligence (AI) to control on-demand bus services in Japan. The new company, called Next Mobility, has been established by Mitsubishi and the Nishi-Nippon Railroad Company, a major Japanese bus operator. The joint venture will start a one-year trial in April at…

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Mitsubishi COO Mann to leave the automaker

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Nissan said Mann would not be returning to its side of the alliance. TOKYO – Veteran Nissan executive Trevor Mann, who served as Mitsubishi’s chief operating officer, will leave the automaker. Mann, a British executive who joined Nissan’s U.K. operations in 1985, was sent to Mitsubishi in 2016 following Nissan’s acquisition of a controlling 34…

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Japan offshore wind farms offer $18bn in lending opportunities

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Japan enacted a law last year to promote the expansion of offshore wind farms. © Reuters TOKYO — Offshore wind farms planned across Japan total 2 trillion yen ($18 billion) in project costs, Mizuho Bank estimates, offering lending opportunities for banks seeking to boost their environmental credentials. The Mizuho Financial Group member and peers Mitsubishi…

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Canada’s Answer to Tesla Is a $15,500 Electric Three-Wheeler

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It’s all-electric like a Tesla. It’s priced like a Ford Fiesta. It’s one of the oddest-looking vehicles you’ve ever seen — and it may just redefine the commuter car. As General Motors Co. prepares to shut the plant near Toronto that got car-making started in Canada more than a century ago, a new model is…

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Google and DeepMind are using AI to predict the energy output of wind farms

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Google announced today that it has made energy produced by wind farms more viable using the artificial intelligence software of its London-based subsidiary DeepMind. By using DeepMind’s machine learning algorithms to predict the wind output from the farms Google uses for its green energy initiatives, the company says it can now schedule set deliveries of…

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New technology shows promise reducing skyrocketing pedestrian fatalities

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The Insurance Institute for Highway Safety found digital safety systems that can spot pedestrians and apply a vehicle’s brakes automatically can help preventing many pedestrian collisions and reducing the severity of others. Federal regulators are also looking at updating automotive lighting regulations that have gone largely unchanged since the 1970s. Lighting systems in Europe could…

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