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Japan’s Nidec aims to ride out Trump turmoil with cost cuts
TOKYO — Japanese motor maker Nidec on Thursday projected a 19% increase in net profit for the fiscal year through next March, aiming to ride out disruptions caused by U.S. President Donald Trump with cost-cutting and other measures. For fiscal 2025, the Kyoto-based company predicts a net profit of 200 billion yen ($1.4 billion) versus 167…
Chinese EV makers pivot to safety after ban on ‘exaggerated’ ads
SHANGHAI/HONG KONG — Chinese auto executives are touting safety features during the country’s premier auto show this week, after a high-profile crash involving assisted driving technology prompted regulators to clamp down on what they deemed “exaggerated” advertising. Seres Group, which sells electric vehicles under the Aito brand, dubbed its Auto Shanghai news conference on Wednesday…
Judge rules federal government owes nearly $28 million to North Dakota for pipeline protests
BISMARCK, N.D. — A federal judge on Wednesday found the state of North Dakota entitled to nearly $28 million for responding to protests of the Dakota Access oil pipeline in 2016 and 2017 — a win for the state in its multiyear effort to recoup the costs from the federal government. The state filed the…
Hyundai piles up car inventory in US ahead of Trump tariff
SEOUL — Hyundai Motor revealed on Thursday that it has more than three months of inventory in the U.S., as the South Korean automaker shipped them before U.S. President Donald Trump imposed a 25% tariff on foreign-made cars early this month. “We have strategically scheduled shipments through the end of March to optimize our inventory levels of vehicles and parts,” Vice President…
The age of doves and hawks is over. It's time for the owls
The age of doves and hawks is over. It's time for the owls
China and Kenya upgrade ties amid ‘turbulent international situation’
BEIJING () – China and Kenya announced they had upgraded ties to a “new level” on Thursday during a meeting between President Xi Jinping and Kenyan President William Ruto in Beijing, as they both pledged to create an “all weather” China-Africa community. In a joint China-Kenya statement, both leaders said they were “committed to injecting more stability into the world…
Putin launches worst attack on Ukraine in months as Trump claims deal is close
Hours earlier on Wednesday, Trump said in the Oval Office that “I think we have a deal with both” sides — before suggesting that an agreement with Ukraine was still pending. “I thought it might be easier to deal with Zelenskyy,” he said. “So far, it’s been harder.” That came after Trump’s latest criticism of…
India lashes out at Pakistan over Kashmir attack as fears grow of milit escalation
On The Ground newsletter: Get a weekly dispatch from our international correspondents Get a weekly dispatch from our international correspondents Get a weekly international news dispatch In the aftermath of the deadly attack on tourists in Kashmir that killed at least 26 people, India on Wednesday expelled Pakistani diplomats and suspended the landmark 1960s Indus…
VinFast CEO says no need to rush into ‘loss-making US market’
HANOI — Vietnam’s Nasdaq-listed EV maker, VinFast CEO Pham Nhat Vuong, said on Thursday that it would target Asian markets to boost sales in the coming years rather than focusing on the loss-making U.S. market. “Currently, entering the U.S. market causes us loss. Big loss. So there is no need to rush,” said Vuong at the…