Reuters Asia Business

Chinese automakers Dongfeng Motor and Changan Auto hold merger talks, NYT reports

1 Apr 2025

(Reuters) – Chinese automakers Dongfeng Motor and Chongqing Changan Automobile are in advance discussions to combine their operations, the New York Times reported on Tuesday, citing people with knowledge of the matter. The two companies, both controlled by the central government, have conducted detailed discussions on how to merge their operations and informed their foreign …

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Factbox-What’s in Trump’s April 1 trade reports ahead of US reciprocal tariffs

1 Apr 2025

WASHINGTON (Reuters) – U.S. President Donald Trump’s hotly anticipated reciprocal tariff announcement on Wednesday will be based in part on consolidated reports due on Tuesday from his trade, Commerce and Treasury chiefs to thoroughly review U.S. trade policy. Trump has dubbed April 2 as “Liberation Day” for the U.S. economy from what he considers to …

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Xiaomi will cooperate with investigation into fatal EV crash, says founder

1 Apr 2025

HONG KONG (Reuters) -The founder of Chinese electric vehicle maker Xiaomi said on Tuesday he was “heavy-hearted” after three people were killed in an accident involving one of the company’s SU7s, and said it would fully cooperate with a police investigation. The incident on March 29 marks the first major accident involving the SU7 sedan, …

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Toyota’s first-quarter US auto sales rise nearly 1%

1 Apr 2025

(Reuters) – Toyota Motors’ North American unit reported a rise of about 1% in first-quarter U.S. vehicle sales on Tuesday, fueled by demand for its pickup trucks and luxury models. The Japanese automaker’s sales rose to 570,269 units, compared with 565,098 units a year ago. (Reporting by Nathan Gomes in Bengaluru; Editing by Leroy Leo)

Analysis-Couche-Tard, 7-Eleven face early hurdle on store divestiture plan

1 Apr 2025

By Abigail Summerville and Anton Bridge NEW YORK/TOKYO (Reuters) – Convenience store chain giants Couche-Tard and Seven & i, who are taking steps to divest thousands of stores they collectively own in North America to ease regulatory concerns ahead of a potential merger, are faced with an early test for the plan – attracting rival …

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LG Energy Solution unit to pay $2 billion for Michigan battery venture with GM

1 Apr 2025

SEOUL (Reuters) -South Korea’s LG Energy Solution said on Tuesday that its U.S. unit will acquire the assets held by its Michigan electric vehicle battery venture with General Motors for $2 billion. The value of the deal, set to close on May 31, could change after due diligence, the EV battery maker said in a …

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Blocking 7-Eleven deal on security grounds would hurt Japan’s image, head of state-backed fund says

1 Apr 2025

By Yukiko Toyoda, Miho Uranaka and David Dolan TOKYO (Reuters) – Japan risks reputational damage if it were to block a $47 billion foreign bid for retailer Seven & i Holdings on economic security grounds, the head of a government-backed fund said. Japan Investment Corporation (JIC) head Keisuke Yokoo also told Reuters in an interview …

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Chile’s Codelco agrees on $666 million in loans from Japan’s JBIC, commercial bank

1 Apr 2025

SANTIAGO (Reuters) – Chile’s state-run Codelco, the world’s largest copper producer, said on Tuesday it agreed on a $466 million loan from the Japan Bank for International Cooperation and an additional $200 million loan co-financed with a commercial bank. The loan is intended to help supply Japanese manufacturers with a stable supply of copper concentrates, …

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