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Nissan plans $2.8bn cost cut, scaling back US factory
Nissan Motor plans to scrap a production line at one of its two U.S. auto assembly plants as part of an effort to cut 300 billion yen ($2.79 billion) in annual costs, Nikkei learned Tuesday.
The closure of a line at the factory in Canton, Mississippi, is expected to reduce the Japanese automaker's U.S. production capacity by more than 10% from an estimated at 1.1 million vehicles a year. Work at the facility has been halted since mid-March.
Nissan made about 690,000 vehicles in America last fiscal year, down 15% from fiscal 2018.
The company is expected to report its first consolidated net loss in 11 years when it announces fiscal 2019 earnings Thursday. Worldwide sales sank 13% by volume to 4.79 million vehicles.
The automaker looks to slash its global capacity by roughly 20% to 5.4 million vehicles a year. It is considering steps including shuttering an assembly plant in Barcelona.
https://asia.nikkei.com/Business/Automobiles/Nissan-plans-2.8bn-cost-cut-scaling-back-US-factory
If Nissan built a compact pickup truck they would CLEAN UP…..
PEARL25 USAF KC-135R Stratolifter into the South China Sea from Okinawa- don't need a tanker unless you have to refuel something…..
Suspect in deadly arson attack on Kyoto Animation studio arrested
The hospitalized suspect in a deadly arson attack last July on a Kyoto Animation Co. studio was arrested Wednesday on suspicion of murder and other offenses after being judged to have recovered sufficiently from life-threatening burns, police said. The arrest of Shinji Aoba came 10 months after he allegedly set the studio in Kyoto's Fushimi Ward on fire, killing 36 people and injuring 33 others.
The police had earlier planned to arrest Aoba, 42, who is still largely bedridden, around January but arrangements were affected by the spread of the new coronavirus and his unstable health condition, according to investigative sources.
Following his arrest at the hospital, Aoba was transferred to a Kyoto police station where he will be questioned. The Kyoto police said Wednesday that he has admitted to attacking the studio, known internationally for producing a number of popular animation works.
"There is no mistake," the police quoted him as saying.
The three-story studio, the center of the company's anime production, was set ablaze about 10:30 a.m. on July 18. He is suspected of igniting gasoline inside the three-story building, where 70 people were working at the time. After receiving specialist treatment and undergoing multiple skin grafts at a hospital in Osaka Prefecture, he was sent back to the Kyoto hospital in November for rehabilitation.
Most of the victims were in their 20s and 30s. Unlike many other studios, Kyoto Animation is known to hire young animators and train them in-house rather than rely on skilled freelancers.
The company, often referred to as "KyoAni" by fans at home and abroad, is known for works such as "K-On!" and "The Melancholy of Haruhi Suzumiya."
The deadly attack attracted condolence messages from around the world, including Apple Inc. Chief Executive Tim Cook, who tweeted soon afterward, "Kyoto Animation is home to some of the world's most talented animators and dreamers – the devastating attack today is a tragedy felt far beyond Japan.
https://mainichi.jp/english/articles/20200527/p2g/00m/0na/023000c
Formula One Group bought by Berkshire Hathaway: $65.67m- May 21-22 & 26
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company's principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc. (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc. (Live Nation). The Company's segments are SIRIUS XM, and Corporate and other. SIRIUS XM provides a subscription-based satellite radio service. Through its subsidiaries and affiliates, the Company principally operates in North America. The Company also owns a portfolio of minority equity investments in publicly traded media companies, including Time Warner, Inc. and Viacom, Inc. SIRIUS XM transmits music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through two satellite radio systems. Number of employees : 6 667 people.
https://www.marketscreener.com/FORMULA-ONE-GROUP-27316636/company/
Chairman of Liberty Media John Malone is the largest private landowner in the United States
https://www.finviz.com/insidertrading.ashx?oc=1067983&tc=7&b=2
>Adrenochrome?