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...Nidec, an acquisitive electric motor maker, had not attempted an unsolicited deal in more than 15 years....
...The shares of Nidec Motor, a previously stable, 50-year-old Japanese company, fell 11 per cent on Tuesday, their biggest daily drop in 15 years....
...Cooling on components Japanese motor giant Nidec has invested heavily in the EV parts business for years, but with a price war in China battering margins, the company is changing tack, writes Nikkei’s Yuji...
...Corporate earnings: Japan’s Mitsubishi, Nintendo and Toyota Motor and China’s Semiconductor Manufacturing International Corporation report results....
...Japan’s Topix fell 0.8 per cent in early trading ahead of earnings releases from Toyota Motor and Mitsubishi Corporation, which were both down 0.8 per cent. South Korea’s Kospi shed 0.6 per cent....
...In the early postwar decades, America’s large multi-divisional corporations, of which General Motors was the best-known example, were seen in Europe as the model for how big business should be run....
...“Nidec’s downward guidance revision is a credit negative, underscoring its struggle to stabilise the profitability of the automotive motor business in Europe,” said Ryohei Nishio, analyst at Moody’s Japan...
...The same applies to reversals for Taiwanese iPhone maker Foxconn and Japanese electric vehicle motor manufacturer Nidec this week....
...Power, China Shenhua Energy, CSR Corporation, Great Wall Motor, Postal Savings Bank of China, SAIC Motor, Tsingtao Brewery and Yanzhou Coal Mining....
...Berkshire also exited its investments in payments business StoneCo, insurers Globe Life and Markel Corporation, and homebuilder DR Horton....
...General Motors, the world’s largest automobile maker, was losing billions....
...The next four crude cargoes will be supplied by the state-owned oil company the Nigerian National Petroleum Corporation (NNPC) in “two to three weeks” and ExxonMobil will supply the last of the initial six...
...It can be so deflating when areas get overtaken by corporations and can turn into something akin to a shopping mall.”...
...The deal, announced this week, highlights the sometimes extreme ways in which value can be trapped inside Japanese corporations, which traditionally have not marked the value of assets to their market value...
...The 61-year-old Seki was a vice chief operating officer at Nissan before joining Nidec, the world’s biggest electric motor maker....
...Defenders of the incumbent Motor City, and its surrounding region, say the numbers are misleading, however....
...Scherr, who was previously chief financial officer of Goldman, will be replaced by Gil West, a veteran of Delta Air Lines and General Motors....
...Nidec’s succession nightmare Nidec, one of the largest electric motor makers in the world, announced that its president and chief operating officer Jun Seki — who was headhunted from Nissan Motor in 2020...
...Toshiba is set to name Mitsubishi Motors’ former chief financial officer Koji Ikeya as vice-president, Bloomberg reports....
...Shawn FainAnd yes, these corporations are mountains. Claire BusheyThe mountains were General Motors and Stellantis and Ford. Shawn FainBut together we can make these mountains move....
...The UK count also includes public companies whose involvement with AI may seem tangential, such as Marks & Spencer, HSBC, Rolls-Royce, Tate & Lyle, BAE Systems and Noble Corporation....
...The US International Development Finance Corporation in 2020 made an equity investment in TechMet, with retired admiral Mike Mullen agreeing to lead the company’s advisory board....
...That augurs well for the economy but will reignite the debate about so-called “greedflation” — the alleged exploitation by corporations of higher prices to fatten profits....
...Now he has led 13,000 workers on strike at three plants, one each run by Ford, General Motors and Stellantis....
...Motor engines lose heat in the process of converting petrol to mechanical energy....
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