News

Nissan has appointed Ivan Espinosa, currently the company's chief planning officer, as its new CEO, effective April 1, 2024. Espinosa, who has extensive experience in product development and strategy, will succeed Makoto Uchida, who is stepping down after facing pressure due to declining earnings and the collapse of merger talks with Honda.

Opposition parties in Japan are demanding answers from the LDP over the Abe faction's practice of returning excess fundraising money to lawmakers, allegedly resumed at the instruction of former education minister Hakubun Shimomura. This practice, which involved unreported funds, has raised concerns about transparency and accountability within the LDP.

SoftBank Corp. and the University of Electro-Communications are collaborating on an AI-powered app called SureTalk, which translates sign language into text and vice versa, aiming to break down communication barriers for the deaf community. The app is currently undergoing trials with municipal governments and has been used at events like the Tokyo Deaflympics.

Astroscale, a Japanese company specializing in removing orbital debris, has partnered with two Bengaluru-based space companies, Digantara and Bellatrix Aerospace, to collaborate on technology and services. This partnership marks Astroscale's first foray into the Asia-Pacific region outside of Japan.

Hyundai and General Motors are nearing a deal for Hyundai to share electric commercial vans with GM, while GM might provide Hyundai with pickup trucks to sell in North America. This partnership could expand to include joint development of technology and vehicles, as both companies seek to reduce costs and compete with Chinese EV makers.