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REGIONAL NEWS

Japanese banks set to take beating from Takata's collapse

June 28, 2017
Liabilities could swell from 141.2 billion yen as creditors present estimates

China's Geely buys big stakes in Proton, Lotus for discounted price of $235m

June 23, 2017
Carmaker is considering assembling Volvos at acquired plant in Malaysia

China's Geely acquires 49.9% of Malaysia's Proton

May 24, 2017
DRB-Hicom said Wednesday it will sell 49.9% stake in Proton Holdings, its fully owned automaker, to China's Zhejiang Geely Holding Group. Proton will also sell its 51% stake in British sports car maker Lotus to Geely.

Indonesia's carmakers take aim at Australian market

May 19, 2017
Industry hampered by tax policies, environmental issues and trade restrictions. When Indonesian President Joko Widodo met Toyota Indonesia vice president Warih Andang Tjahjono recently, one of the main topics of discussion was Indonesia's export potential, with the country's leader urging Toyota to try to ship more cars abroad.

Toyota decides flying cars aren't so crazy after all

May 18, 2017
Automaker agrees to fund young employees' extracurricular project. Toyota Motor has decided to finance a flying car project that some of its young employees have been voluntarily working on.

Somkid in Wal-Mart talks on farm and fisheries products

Febuary 24, 2017
Deputy Prime Minister Somkid Jatusripitak yesterday held talks with Wal-Mart Stores Inc executive vice president Scott Price, and said the US retail giant was interested in Thailand's agricultural and fisheries products and praised the country's solutions to its illegal-fishing problems.
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