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Toyota Motor Corp
Toyota Industries investor blames group’s ‘broken culture’ for data scandals
...Other Toyota subsidiaries also own stakes and analysts have long speculated about how the group structure might evolve....
February 14, 2024
EU trade
EU launches anti-subsidy probe into Chinese train maker
...The favoured bidder in an estimated €610mn contract for 20 electric trains is CRRC Qingdao Sifang Locomotive, a subsidiary of CRRC, the world’s largest train manufacturer....
February 16, 2024
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
UK business
The Redditch factory with links to Russia
...Neither the subsidiary nor the parent company responded to multiple requests for comment....
November 17, 2023
LexArtificial intelligence
How ‘open’ is generative AI really? Not very Premium content
...In March, Elon Musk sued ChatGPT creator OpenAI, claiming that what he had donated to as an open source organisation (hence the name) had become a “closed-source de facto subsidiary” of Microsoft....
April 17, 2024
Toyota Motor Corp
Toyota chair apologises for faulty data scandals and promises action
...The Japanese government is revoking certification on three of the wholly owned subsidiary’s vehicles, essentially halting mass production until licences are regained....
January 30, 2024
LexToyota Motor Corp
Toyota testing scandals overshadow top sales ranking Premium content
...This followed an internal investigation which revealed that supplier Toyota Industries Corp had been manipulating test results to gain certification for its cars....
January 30, 2024
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Semiconductors
Japan’s JSR in patent dispute with US university over breakthrough chip technology
...It accuses Inpria of selling products and filing new patents using its IP — valued between $2.4bn and $4.3bn — in violation of a contract signed between the foundation and JSR’s subsidiary....
February 4, 2024
Inside BusinessDavid Keohane
A crash test scandal is prompting changes at Toyota
...Following a Transport ministry raid on Daihatsu headquarters late last year, the subsidiary suspended all worldwide vehicle shipments....
January 24, 2024
Toyota Motor Corp
Toyota’s Daihatsu halts global shipments over safety testing scandal
...Toyota promised “a fundamental reform” to revive its subsidiary....
December 20, 2023
Due Diligence
The legal fight imperilling a $53bn mega-deal Premium content
...test Shein considers listing in the UK Barclays turns to Blackstone Merger lawyers caught in a Chevron and Exxon oil slick Nobody except the maniacs who become corporate lawyers care much about merger subsidiary...
February 28, 2024
Media
Rupert Murdoch’s TalkTV to close terrestrial channel
...The channel’s best-rated presenter, Piers Morgan, said last month that he would only post his Uncensored show on the YouTube channels owned by News UK, a subsidiary of the Murdoch family’s News Corp....
March 5, 2024
Federal Deposit Insurance Corp
US regulator criticises Swiss handling of Credit Suisse as ‘unhelpful’
...But the living wills are intended to ensure crucial operating subsidiaries can stay open for business, limiting the contagion....
April 10, 2024
Due Diligence
Has Microsoft found an antitrust cheat code? Premium content
...Management — an investment firm he set up in 2022 and which lists just one other employee on its website — announced it had poached more than 20 senior executives from the $381bn asset manager Barings, a subsidiary...
March 21, 2024
Robotics
Microsoft, OpenAI and Nvidia back $2.6bn robot start-up
...OpenAI was founded as a not-for-profit organisation in 2015, but owns for-profit subsidiaries set up to facilitate Microsoft’s investment....
February 29, 2024
OpenAI
Musk sues OpenAI and Altman for breach of contract
...“In reality, however, OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft.”...
March 1, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Toyota Motor Corp
Toyota raises profit forecast as hybrid sales soar
...The Toyota group — which retained its crown as the world’s largest carmaker last year, selling a record 11.2mn passenger vehicles when including its subsidiaries — has long been committed to “a multi-pathway...
February 6, 2024
LexToyota Motor Corp
Toyota: Daihatsu’s crash test dummies fail risk inspection Premium content
...Toyota has suspended all shipments from its subsidiary after a probe revealed manipulated test results. As with so many corporate scandals, the damage may spread much further than first expected....
December 20, 2023
News in-depthOpenAI
How Microsoft’s multibillion-dollar alliance with OpenAI really works
...Instead, they are entitled to receive a share of its profits from a specific subsidiary of OpenAI, up to a certain limit....
December 15, 2023
AI and jobs
Tech companies axe 34,000 jobs since start of year in pivot to AI
...Anybody working in tech or games right now is worried about lay-offs to some degree, either for themselves or someone they know,” said Autumn Mitchell, a quality assurance tester at Microsoft video game subsidiary...
February 11, 2024
Due Diligence
The final Credit Suisse postmortem
...Instead of owning conventional equity in the company, OpenAI’s backers — including Microsoft, Thrive Capital and Sequoia Capital — are entitled to receive a share of its profits from a specific subsidiary...
December 20, 2023
Semiconductors
Nvidia supplier to set up pilot plant in Malaysia
...Kinsus, a subsidiary of iPhone assembler Pegatron, has rented a plant in Penang where it will begin a trial run of the final step in substrate production — testing and quality control — as early as the second...
January 23, 2024
Cyber Security
White House moves to defend US ports from Chinese cyber threat
...The money to be ploughed into the port infrastructure would support Paceco Corp, a US subsidiary of the Japanese company Mitsui, to produce domestic cargo cranes, the White House said on Wednesday....
February 21, 2024
Toyota Motor Corp
Strong demand from US and Europe helps Toyota hit annual production record
...Up to the end of October this year, the subsidiary had manufactured 1.1mn vehicles and accounted for 7 per cent of Toyota’s global revenues....
December 27, 2023
Occidental Petroleum Corp
Occidental Petroleum emerges as lead contender to buy CrownRock
...CrownRock is a subsidiary of CrownQuest, which was founded by Dunn in 1996 and operates the group’s wells....
November 30, 2023
Signa Holding
European property group Signa held rescue talks with Elliott
...On Friday, a German subsidiary of the group, Signa Real Estate Management (Signa REM), applied for bankruptcy protection in Berlin, according to a court filing seen by the FT....
November 27, 2023

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