Automakers, tech companies decide to make deals, not war


Tie-ups with carpooling services or short-term rental companies help automakers expose consumers to brands they might otherwise ignore. Technology companies offer access to troves of consumer data, and sophisticated ways to analyze them.

Apple explores charging stations for electric vehicles

The moves show Apple responding to a key shortcoming of electric vehicles: “filling up” the batteries. A shortage of public charging stations, and the hours wasted in charging a car, could be an opportunity for Apple, whose simple designs have transformed consumer electronics.

Takata in talks with potential buyers including PE firm KKR

Takata Corp., the air bag maker responsible for the biggest recall in automotive history, has started negotiations with potential buyers including KKR & Co., according to a person familiar with the matter. Talks are at a preliminary stage and KKR isn’t the only candidate, said the person, who asked not… Read more »

SoftBank president Nikesh Arora receives pay package of $73m

SoftBank Group Corp. President Nikesh Arora was paid 8.04 billion yen ($73 million) for the company’s latest fiscal year, keeping him among the top ranks of salaries for executives in the world.

French Treasury chief joins Asia-focused Cathay Capital

The head of the French Treasury said on Monday he would leave his position to join a Franco-Chinese investment fund, a rare move for a top French official. As the highest-ranking civil servant at the finance ministry, Bruno Bezard, 53, has been one of France’s top negotiators in Brussels and… Read more »

BMW’s VC arm invests in California’s carpooling app Scoop

On Tuesday, Toyota Motor Corp said it was investing an undisclosed amount of money in ride-hailing company Uber Technologies Inc. Germany’s Volkswagen AG said on the same day it would invest $300 million in Gett, a smaller ride-hailing company.

PGIM Real Estate hits final close for APAC-focussed fund at $646.2m

The US-based firm, formerly known as Pramerica Real Estate Investors, has already deployed capital from the fund in Sydney, Kuala Lumpur, Shanghai and Tokyo.

Microsoft to trim smartphone business, plans to cut 1,850 jobs

Microsoft Corp will trim down its smartphone business by cutting 1,850 jobs, most of them in Finland, and write down $950 million from the operation.

HP Enterprise to merge IT services unit with Computer Sciences

Hewlett Packard Enterprise Co said it would spin off and merge its struggling IT services business with Computer Sciences Corp, allowing the company to focus on its cloud services business and other fast-growing units. Shares of Hewlett Packard Enterprise, formed after Hewlett-Packard Co formally split in November, rose 10.5 percent in… Read more »

Saudi Aramco said to appoint JPMorgan, HSBC for debut bond sale

Saudi Aramco is at the center of a plan to wean the country’s economy off its dependency on oil revenues.