Hints and tips:
...KKR, however, suffered a setback in the summer, when a car parts company it bought from Nissan and rebranded as Marelli entered court-led restructuring....
...KKR suffered a recent setback with Marelli, a car parts company it bought and rebranded from Nissan....
...early in push to stem crisis (FT) Spanish court upholds Orcel’s Santander claim but cuts payout by €8mn (FT) World’s biggest gold miner Newmont offers $17bn for rival Newcrest (FT + Lex) Renault and Nissan...
...Although KKR continues to identify Japan as its most important market outside the US, the private equity firm suffered a big setback when an auto parts company it bought from Nissan and rebranded as Marelli...
...The two largest deals involved buying non-core businesses jettisoned by Nissan and Hitachi....
...“We’re about 90 per cent of the way there,” Portman told ABC news. The $1tn plan would fund investments in roads, bridges, ports, airports, water facilities and broadband networks....
...The media group said Bloomberg LP, its parent company, had “on Thursday received confirmation that Fan is being held on suspicion of participating in activities endangering national security”....
...Riskiest borrowers make up biggest share of junk bond deals since 2007 (FT) Arnault and Mustier join the $100bn Spac boom (FT + Lex) Vivendi to spin out Universal Music Group (FT) Apple approached Nissan...
...After his escape from Japan, the former Nissan executive has confined himself to the homeland he left as a teenager, unable to go elsewhere without risking arrest....
...New potential buyers for impact assets are emerging all the time, said Shami Nissan, head of responsible investment at Actis, a UK-based private equity manager....
...(FT, ABC) Coronavirus digest The US government has said it will release the names of companies that received a loan of $150,000 or more from the government’s bailout fund for small businesses....
...A Washington Post-ABC News poll published on Sunday showed Joe Biden, the presumptive Democratic candidate, had a 10-point lead over Mr Trump....
...It took on a mixture of government and private clients, including ABC, 20th Century Fox and Signature Flight Support, a service provider for private aircraft....
...Smart reads Rescuing the Renault-Nissan alliance A year on from the arrest of Carlos Ghosn the alliance is fighting for its place in a car industry beset by falling sales, the global trade war, and burdensome...
...Nissan is also planning aggressive cost cuts to deal with an unexpected sales fall....
...Two big things to start: Carlos Ghosn, the former head of Nissan, has agreed to pay $1m and serve a 10-year ban from serving as an officer or director of a US company to settle fraud charges brought by the...
...Renault’s board has voted to oust its chief executive Thierry Bolloré, who held the job for less than two years, in a bid to ease tensions in its alliance with Japan’s Nissan. More here....
...(FT, ABC) Houston Rockets tweet sparks China outrage A tweet by the general manager of the Houston Rockets basketball team supporting the Hong Kong protests has sparked outrage in China, leaving the team...
...José Muñoz, a Ghosn ally, quit as one of Nissan’s most senior executives this year....
...José Muñoz, the former Nissan executive who left the Japanese carmaker in the wake of the Carlos Ghosn arrest, has been appointed chief operating officer of Hyundai and will be responsible for the company...
...He took to the airwaves in 2008 to publicise his 32-acre property in New Jersey, offering viewers of ABC’s Nightline programme a personal tour of the residential compound....
...In 2016, when it was sold to KKR, the group was reported to derive 86 per cent of revenues from Nissan, which once owned Calsonic....
...The former Nissan chairman has spent 107 days in detention since his arrest over allegations of financial misconduct....
...At Nissan, for instance, minutes of downtime can be the difference between a modern production line making a profit or loss that day....
...(FT) Cultural differences The Renault-Nissan alliance was one of the few successful examples of an auto merger that surmounted complex supply chains and diverging national cultures....
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