mitsubishi officials had a groundbreaking ceremony in the country's west java province.he new plant will cost about $500 million to build, and it's set to start production in 2017. company executives say up to 160,000 vehicles a year are scheduled to roll out of the new factory. that would be twice the firm's current production capacity in indonesia. the plan will mainly build small, multipurpose vehicles. some will be exported to other southeast asian countries. >> expanding asean region is the core market for mitsubishi motors, and officially indonesia is one of the most important democratic markets. this is expected to achieve product growth. >> mitsubishi officials say the new plant will make indonesia the company's second major regional hub, right behind thailand. 1.2 million cars were sold in indonesia last year. that's more than double the number in 2009. >>> executives at one of japan's major trading houses say they expect to book a net loss in the hundreds of millions of dollars. the loss at sumitomo corporation for the current fiscal year would be the company's

mitsubishi officials held a groundbreaking ceremony in the west java province. the new plan will cost about 500 million dollars to build. company executives say up to 160,000 vehicles a year are scheduled to roll out of the new factory. that would be twice the firms current production capacity in indonesia. the plant will build small multipurpose vehicles. some will be exported to other southeast asian countries. >> expanding the region is a core-mark et for mitsubishi motors. and especially one of the most important strategies as it is expected to achieve further growth. >> mitsubishi officials say the plant will make them the second major regional hub after thailand. 1.2 million cars were sold in indonesia last year more than double the number in 2010. millions of people walk-through london's piccadilly circus each ye. the centerpiece of that ssuporrabsirste in a quarter of a ceury. the contract for the current occupant japan's tdk is up. the electronics parts maker is withdrawing their huge ad after 25 years. tdk's exit marks an end to nearly four decades at

industry leader mitsubishi offers launch services using the h2a rocket. an h2a carrying a uae earth observation satellite is scheduled to lift off in 2017 from southwestern japan. this is mitsubishi's third overseas launch order since it entered the business in 2007. the h2a placed a south korean satellite into orbit in 2012. another is scheduled to launch a canadian satellite in fiscal 2015. the h2a boasts a 96% success rate with 21 straight successful launches as of last month. >>> well a leading u.s. meat industry official wants to see a trans-pacific partnership free trade deal soon. he's urging members of the u.s. congress to pass a bill to give the government more power to speed up the talks. u.s. meat export federation president philip tseng told members of the media he's intensed with the intensity and speed of the talks so far. >> we recognize that even though we might be close to the finish line when it comes to tpp between the u.s.able japan, there is still much work that needs to be done here in japan, and also in the united states. >> some u.

the mitsubishi factory is hoping to appeal to women with a pink hybrid truck. it is built by an all-female team. the tour wrapped up her to do a -- her two-day tour of japan. the chancellor met some of the women working on the project. she intends to talk about the place of women in the workplace at the g7 summit in germany in june. >> the question of where skilled labor can be found is evident in the changes to the number of applicants. it would be good to see a bigger role given to women in the workforce. >> the german chancellor's trip coincided with the 70th anniversary of the u.s. bombing of tokyo. on the night of march 10 1945, incendiary bombs rained down on the japanese capital turning the city into a sea of fire and killing 100,000. it was the most descriptive arrayed in a war in which japan was the aggressor. >> we would take a break and when we come back, more news. stay with us. >> don't go away. >> >> welcome back. thanks for sticking around. germany is turning off the first nuclear power plant soon. >> in two months the first power plant in bavari

the mitsubishi truck and bus factory is in kawasaki city near toque yo. german auto giant daimler has a 90% stake in the plant. it turns out engines developed from german technology. merkel learned how factory workers install engines and tires. company officials showed her a truck that's powered by electricity, and other vehicles sporting advanced technologies. one of the trucks is designed for female drivers. after the tour merkel said germany and japan have had many things in common but they do share some differences, as well. she said it's important to strengthen ties between the two countries. >>> all right. to the markets now. european stocks opened lower this tuesday amid renewed worries about greece's debt situation and weak economic readings from china. here's how main benchmarks in europe are looking at this hour. all of them are still trending downward. we've got declines for both london and frankfurt of about half a percent, as well paris is losing just about half a percent at this hour. investors are adjusting their positions before wednesday.

sharp executives will approach mizuho and tokyo mitsubishi ufj to strengthen the company's financialase. the executives say that they will draw up a new midterm management plan by may. >>> well officials at japanese auto parts maker takata say that they will double production of replacement parts for defective air bags to 900,000 a month. u.s. transport officials are unhappy with what they call takata's slow response to a series of recalls involving the defective air bags. the department of transportation said last month it would impose a $14,000 fine on takata every day that it failed to fully cooperate with the probe. takata raised production of replacement parts for faulty air bags at its mexico plant in january. but that wasn't enough to meet replacement needs. takata has asked a german research organization to look into the air bag problem. but has so far come up empty handed on the cause. >>> well chief negotiators from 12 countries involved in huge free trade talks are set to meet exweek in hawaii. but japan's minister in charge of the trans-pacific partnership talks warns tha

sharp executives have approached tokyo mitsubishi to strengthen the company's financial base. the executives say they will draw up a new midterm management plan by may. >>> union leaders and managers at many big manufacturers in japan have just agreed on increases to basic pay rates. employees of distribution and service companies are also getting raises. analysts say attention is on whether small and medium-size firms will follow suit. many workers in the sectors belong to the labor union. a large number are part-time employees. union officials say they've been able to negotiate higher hourly pay rates for them. part-time workers at ten companies want an average hourly wage hike of 22 cents, that's five cents higher than the increase that they got last year. many managers at small and medium-size companies say they need to take a look at the situation carefully before deciding whether to raise wages. >>> let's check the markets you now. tokyo investors saw the nikkei hit 19,500 yesterday, the high ever level in about 15 years. today profit-taking kicked in. market players als

also want to keep a close eye on companies such as hitachi and mitsubishi heavy. their restructuring and cost-cutting measures in the last few years they're now really trying to increase their return on equity which analysts say in japan tend to be lower than a lot of their u.s. peers. so that's a lot of focus for investors. >> and ramin, you've mentioned the bank of japan. you've mentioned the fed. so with all this focus on central bank meetings how are major pairs and currencies trading? >> that's of course a big focus. the dollar-yen in particular. top of the screen. 121.40-45. and the euro also a big focus. regained some ground from the 12-year lows against the dollar after the u.s. currency weak end ahead of the fed meeting. now, against the yen the dollar is keeping in a tight range. we'll keep a check on that. but also need to check the effect of further fallen crude oil prices following last week's steep declines. the fall weighed on energy-related sectors and commodity-heavy indexes across asia. now, oil futures were little changed yesterday but fell 2.1%

. >> i want your thoughts on russia and your tie-up with mitsubishi.hat change given the difficulties in russia? >> no, we're trying to hold on. we consider that situation should improve at one point or another. tuscaloosa we expect it to improve. we consider strategicically we need to stay in russia. we are trying to stop the bleeding because we are losing money there. we are reducing the bleeding. we consider that strategicically we need to be there on the marketing and manufacturing side. we cooperate with our-mile-an-hour mitsubishi to make sure we're ready for the rebound when things get better. >> do you a time horizon when the rebound might happen? >> we are now preparing the things that we would like to invest but of course we also want to invest with some visibility, all the discussion going on will deliver some results and a good sense an additional mind-set will be restored. >> another partnership of yours, how is it going? any talk of maybe having a partnership with them in india? >>> it is highly strategic. it is delivering great results.

mitsubishi told us the dollar continued ahigher.ere corporate may want to get involved. the biggest hedge fund in the world says the fed moves too fast in terms of hiking the actual rate. that can invoke a 1937 style reich in the market. the dollar is on change. let's be benevolent. the dollar is virtually unchanged. it is the euro that is dipping by. it is flat on the day. in terms of selling the euro, that would be the view. the markets have moved too far into fast. the start of qv with a final measure. with that in mind, they say get ready for a rebound. 120 on the euro-dollar is on the way. caroline back to you. caroline: the founder of the world's biggest hedge fund is sending a warning to investors. he says if the fed raises rates to quickly, a market similar to 1937 could be a result. there are several steps and the stock market slumped by more than 50 points. emirates has contested american let complaints that the airline gets subsidies. they reiterated that carriers are playing fiar. >> it is important that the american gov

honda spoke today and check out the other automakers -- mastec and mitsubishi setting the trend. some of the other big names. subaru cars up by 3/10 of 1%. the japanese auto industry -- a projected annual profit of $34 billion and workers demanding their fair share with toyota setting up for a fight with the kenyan members. -- with its union members. rishaad: the consumer protection shell and this year they names are china mobile, all under the microscope. with me to take a look at how damaging this can be -- we were both perplexed by consumer protection day. >> global consumer protection day. china takes this to heart because they have this cctv gallow. if you remember a couple years ago, apple was in the crosshairs because of consumer complaints about warranties. two weeks and tim cook finally apologized in china. this goes further than just possible product, reputational damage. they can also be fined and there are some other procedural things. the auto industry is again in focus -- volkswagen and others have had issues in china. this year we have a dealerships of volkswagen a

one of the big players in the japanese banking industry, mitsubishi u.s. j. very strong name. it is up about 20% year to date. there are reports today that it thatspend $2.5 billion -- is a big number -- over the next three years to expand its businesses, financial management, asset management. to see as closely japanese bank expanding by this amount, $2.5 billion. it is a big number. it could drive the shares today. i'm not saying it will drive them hire necessarily. [laughter] >> it depends on this investors will buy into this strategy or not. >> so far this year, they have bought into this strategy. >> what do you have? >> i am looking at a japan electronics company that makes android-based phones. they have been sued by microsoft for infringing on seven of their patents in the u.s. we will see what it does. it has had a good month. it has been up 11%. even that those patent lawsuits can drag on, and microsoft settling a dispute with samsung, we will see how that affects the stock today. >> it could be an expensive deal. thanks, guys. that is the verdict f

. >> the kia optima and hyundai son sonata, the best bet for suv's the honda crv and mitsubishi highlander the honda pilot. but before youuyou buy any used car hire a mechanic to do an inspection check the price for that in advance and do an initial inspection yourself first can you find the checklist from consumer reports at 6abc.com. >> and that will do it for "action news" at 4:00 today. for shirleen allicot and alicia vitarelli and adam joseph i'm brian taff, shirleen and i along with ducis rogers are back tonight we hope you'll join us for a full hour of "action news" at 10:00 on phl 17. >>> "action news" delaware valley's leading news program. with meteorologist, adam joseph with jaime apody, meteorologist cecily tynan, rick williams and monica malpass. >>> the rain has arrived. stormtracker 6 live double scan showing the rain moving through our region tonight. sky 6 hd looking at philadelphia international airport, the airport is not reporting any delays the big story on "action news" is the rainy evening that is affecting the commute home. lets get the latest from cecily tynan at t

best bet for suvs, the 2005 honda cr-v and the 2007 mitsubishi outlander.nding out "consumer reports" list, the 2005 honda pilot. it seats eight and handles well. >>> this afternoon, a traffic alert, the work on one of the area's busiest roads that could have you looking for a detour. we'll tell you where to avoid. >>> gone in inan assistant. we're keeping you and your home safe and secure to prevent this kind of tragedy from happening >>> welcome back to news 4 at 4:00. we are following all of the day's big stories for you. >> we have reporters and meteorologists standing by with updates and news stories for you. fist house explosions caused by gas leaks are happen across the country. >> what should you do if you hear the hiss of a leak or catch a whiff of that rotten egg smell? nbc's jeff rossen has information to help you and your family stay safe and secure. >> 911. where is your emergency? >> reporter: terrifying moments caught on camera. >> please hurry. oh my god blew up the house. >> reporter: families running from their homes as flames shoot in the