Online strategies have kept U.S. auto sales from a total collapse during the coronavirus pandemic, says KPMG. Its survey found that 75 percent of consumers prefer to handle their purchase, trade-in, financing and delivery remotely.
Some analysts say the revised law reflects Tokyo’s concern over China’s growing influence in industries such as car manufacturing and defense, running the risk of leaks of confidential information and outflows of key technology.
The owner of the Sweet Tomatoes restaurant chain said the company may have to permanently close all of its locations as a result of coronavirus shutdowns, according to news reports.
Hertz knows its creditors want to avoid bankruptcy, which could trigger a fire sale of devalued used cars. Hertz’s creditors, lenders and investors, including controlling shareholder Carl Icahn, are now facing a three-way standoff.
The ex-Nissan boss’ flight from Japan to Lebanon included a stop in Turkey. An attorney for one of the suspects said an indictment charges four pilots, a company executive and two flight attendants.