too and there are already a range of models out there fitting the bill we wanted to see whether mitsubishi manages to take all the right boxes with its space star well the popular model certainly looks the part with the new citrine yellow body color. display star also known as the miraj the world's roads running when relaunched in 2012 it rapidly became mitsubishi's best selling model selling up to 140000 units a year. just how hot this happens. today i'm in amsterdam to test a new mitsubishi space stuff but it only got a petrol engine and no electric engine as an option i will find out how it drives in the city and how it drives on the highway. we then take the space start on the kind of terrain where it's in its element downtown amsterdam. it's a compact i mentions an a turning circle of just over 9 eaters a major plus. in a densely populated place like this you certainly need an agile and slim set of wheels when negotiating the neck of narrow streets. and you drive through amsterdam your fear that the cars built for city salt tiny and you can find a parking spot almost everywhere. the l

after all my tests i have to say the mitsubishi space it's pretty cool a car it's perfectly sized for the city and the only down point is that we only have a. true and but you will never know what mitsubishi will bring in the future so the space stuff falls points for its compact i mention and low weight in only has gasoline engines with not enough power but is a city shift that this mitsubishi gets are indorsement. in. formula one drivers have to take an unplanned pit stop due to the coronavirus pandemic for 4 months always says were halted in their tracks but real racers don't know how to slow down stars like lewis hamilton have been battling for virtual pole position in sim racing contests. i am a little bit. sick sense of how many times. we can be one second faster. and the f one world champion was far from the only big name pushing their limits electronically. his formula one driver max fast stuff and is also a big fan of sim racing and competes regularly. i guess my fear. of the current situation turned stay at home is once possible of course of course to stay ready doing the sa

after all my tests i have to say the mitsubishi space it's a pretty cool car it's perfectly sized for the city and the only down point is that we only have a petrol engine but you would never know but it's a. she will bring in the future. of the space stuff skulls points for its compact i mentions and low weight and only has gasoline engines with not enough power but is a city shift that this mitsubishi gets our endorsement. in. formula one drivers have to take an unplanned pit stop due to the coronavirus pandemic for 4 months always since we're faulted in their tracks but real racers don't know how to slow down stars like lewis hamilton have been battling for virtual pole position in soon racing contests. i am looking at a. 6th sense of how many times. you give me one second pass the measure. and the f one world champion was far from the only big name pushing their limits electronically. his formula one rival max fast stop and is also a big fan of sim racing and competes regularly. i've got as much here you know true the current situation i stay at home as once possible of course of

. ♪ >>> japanese auto maker mitsubishi is projecting a loss. company reported a net loss of 176 billion yen for april/june quarter. for the full year, it expects a loss off 360 billion yen, or $34 bibillion. asas part o restruructuring ste executives say they'll stop production at its general manufacturing by june next year, then close it. the plant assembles the suv and other vehicles for export, accounting for 10% of mitsubishi's domestic output. they want to retain the work force. mitsubishi freezed the introduction of new models for the european market. they'll focusregion, which is s expected to grow. >>> this is "newsline biz." i'm ramin mellegard. trading began monday on a derivatives exchange in osaka, western japan.n. the aim is to attract investments from around the world with one-stop trading platform for financial and commodities futures. the nearly integrated exchange handles contracts for precious metals like gold and silver, and foreign products such as corn transfers from tokyo. they'll be able to trade the ososaka financials f

mitsubishi h heavy industries coconducteted the launch. itit's the fourth time the japanese company has used the h25 vehicle to launch a foreign vehicle into space. >>> recovery efforts are continuing in the areas of south western and central japan that were devastated by torrential rains more than two weeks ago. the downpours that battered the kumamoto caused a local river to overflow and triggered landslides. 65 people died. about 1,000 workers have begun searching for two people who are still missing. a 63-year-old man and a a 90-year-old woman. officials say they could have been swept away by the swollen river. members of the self-defense force searched for traces downstream and in the mouth of the river. the nephew of the 90-year-old woman joined the search. he said he was shocked by the extensive damage to his aunt's house. >> translator: she was like my mother and took care of me, my children and grandchild. i hope we can find her today. >> in some areas intense rainfall continued for almost a week. across the country 77 people died

mit mitsubishi and suzuki started all overseas plants.igns of a recovery, but it's not returned to its original level. >>> 100 top japanese companies in niche industries worldwide made it on to a list of firms compiled by the economy ministry. officials plan to support the research and development efforts. the ministry selected them based on global market shares and the techniques they use to produce key parts or machines for supply chains. the roster includes food manufacturing equipment maker daong g automatic machinery. it's the first in the world to put into automatic use forming of popular snacks, such as sweet bean pastries. the machine has been sold to 125 countries for making such favorites as china's mooncakes and russia's piroshki. a precision machinery firm boasts a more than 95% sshare o the global market for a part called the cascade.e. it isis the leading developmentf the product made from carbon fiber reeninforced plastics. they're light and tough, yet difficult to process. >>> as the coronavirus restricts freedom of travel

the banks are sumitomo mitsui, mitsubishi ufj, mizuho and resona.say they will offer special interest rates for residential renovations and auto loans. they're also willing to review mortgage and other lending terms if necessary. meanwhile, major insurers say they will offer a grace period on premium payments. life insurers will also make payouts even if the policy certificate has been lost. >>> telework is turning into the new normal in japan amid the coronavirus pandemic. it's also sparking another new trend. people are taking upside jobs. for some this is the only solution to offset income losses from primary employment with businesses hit by the coronavirus. >> reporter: she runs a private lodging business for oversrseas visitors. but since april, she's had zero reservations. >> translator: i was a little panicked with no idea of when i'd see guests again. >> reporter: she hit on an idea, weekend cooking queue torting. >> translator: h how thick shou i slice the sweet potato. >> 1 to 1.1.5 centimeters thick like this. >> reporter: she offers les

who you ever merge nissan with mitsubishi and renault?a surprise because i'm the oldest person in the alliance, having spent more than 15 years in all the three companies, starting from renault, then nissan, then mitsubishi and then back to nissan. the second thing is, i do believe that alliance is a tool to boost the performance of each company and i believe in the principle that the three companies should keep their brands distinctive and their p & l distinctive and alliance should bring performance to each of the companies and this principle has not changed in nissan next and we are moving ahead with that principle and this is where we aannounced our alliance plan just one day before we announced our nissan next, so that we clearly give the message that's how we want to utilize the alliance in our nissan next. maria: we'll be watching, ashwani. thanks very much for joining me this morning. we will certainly be watching the developments at nissan. ashwani gupta joining us there. a major health warning to report, florida is on high alert

well-known worldwide and easy to imagine some negatively affected by what's going on, toyota motor, mats mitsubishinda. and that's the minority when you think about it and you have to think about the broader enducks here and the hazards that they might be facing and the signs to see from other companys that are in that group that reported. we take a look at the volatility on the ewj right now, typically a very low volatility index, much like the s&p was before everything that we have seen it was about 11% or 12% and then spiked of course along with the rest of the volatility in the markets globally in february and march up to about 45 and come back somewhat but it is still quite elevated right now 21%. nearly double what it was historically and the ewj is not trading at the all-time highs and it might make sense to use a put spread here. normally when carter gives a technical view i look out 60 to 90 days but here given the weakness and rolling over i look shorter data than that out to september. the 54 -- 50 putt spread and earlier today you can spend $1.50 for the 54s. sell the other ones against

>> it is true nissan and midtt s -- mitsubishi are in trouble also we had announced the new way of working and the new two explained on the country working on the projects themself and how to put them into life. when you are in a difficult situation, you need to share more, reduce your cost the best way is to have this alliance you see other oems that chose to merge the partnership on some specific segment we have the big chance of already having a reliance. we need to revive it, which is down now working on the specific project. it will take a little time we are working on the product that will come to life in 20 to 23 that will give us time for companies to go back to the good foot in their own markets and their own segments preparing the future and their costs on projects. on platform, on driving and technology in order to make sure we attack the future on very good grounds >> you had announced also your own restructuring plan a couple of months ago with almost 15,000 job cuts give us an update of how the discussions are going in france and with the french government >> yes the plan has

haidi: what does that mean for nissans alliance with mitsubishi?pfront, nissan said yesterday they are forgoing the dividends. that is $1.2 billion that comes nett out of renault's income. that's a big hit to them. this is always been a big question. outside of the dividend, why are we aligned with nissan? that is something the company's management has always supported but the shareholders may not be if the dividend is not forthcoming. in the crisis the company now faces, there is less and less -- forle or maintaining maintaining this relationship. that could be if renault reduces the stake, it could be a very bad time for the company's shares given the size of the stake they own. mitsubishi, as they know -- we know, a day earlier announced they would stop producing one of the biggest models over the years, the key suv. that is the company also not hitting on all cylinders and alliance.e nissan it seems to be weakening and the management has yet to come up with a compelling plan for how to restore the alliance and how to get it back on track to com

makes a beautiful truck in whatever normal illinois they bought out that mitsubishi factory. they had to push their production out a full year it's not going to be out now until next summer. that's right when the tesla cyber trucks are due in. that might be a bit of the cushion that you see when influential analysts like tony makes the call he made today all of a sudden some of the other competitors are being pushed out further into time before they come to market with a product. >> tony see teed it up that valuation matters. maybe he will be laughed out of the room when he says something like that, but is he right >> he's wrong. valuation never matters. it's sentiment we're doing a tv show with tony and still talking about how expensive it is. the company has a ton of momentum the stock has been over valued for a decade it hasn't mattered once in ten years. tesla is unique. i don't think you can compare it to other auto makers i understand they will all launch evs and that will become a bigger part of the industry. what happens is you get so many public offerings of new elec

nagasaki was a shipbuilding center, you have the mitsubishi ship works at the mouth of the river at harbor. those were considered military targets. in that is how they chose. unfortunatelys some factors, they factored in other these places have been bombed already. the scientists and the military wanted to know what kind of destruction the bombs would have. they want a pristine target. i am not sure how much that figured in that i know that was at least part of it. they were trying to choose military targets that would cripple some industry and do a lot of damage. >> i know that in the initial was an target, kyoto initial target and taken off the list because it was felt it would be such a cultural icon for the japanese and had very little military value. consideration of the sites from a cultural perspective. again, at that point, they understood they might have to literally bomb the entire country in order to be successful in the invasion. ago, one of the former docents of the truman library, lived at theshe primary target for the second bomb. theree weather was cloudy that day and plane

we looked at mitsubishi motors. we run the numbers the same way for nissan. you know, it doesn't surprise us so we are going to take a careful look at these cost cuts. it is my job as an analyst to be skeptical. we want to see the quality of the cost cuts and the sustainability of them. at the end of the day, this will be about the global demand story. the outlook is pretty depressed for nissan and across the broader sector. christopher: it is still tough news. quite likely global auto sales will be off by more than 20% on year. that kind of fall is hard for many automakers to be profitable at. on our current numbers, in the japanese auto center, we only have toyota and subaru posting operating profits this year. everybody else we think we'll have an operating loss and a lot of this has to do with what kind of margins you went into the crisis with, those who were in a strong position are looking better. those who went in very weak like nissan are facing greater challenges. in andchina is the first the first out of the pandemic and whoever has big exposure in

it is a majority-owned -- the biggest stakeholder, mitsubishi corp..some interest in those shares because they could come in and try to increase their stake in the company as a way to consolidate. our global mccombs, business editor in tokyo. we will get more analysis on japanese retailers in the next hour of "daybreak asia." our guest will be with us out of tokyo, plus polls open at the top of the hour in singapore. we speak with the associate professor about the significance of today's election. this is bloomberg. ♪ . ♪ shery: good evening. i am shery ahn. haidi: the asian markets have just opened for trade. this are the top stories hour. growing concern about a resurgence in the coronavirus. infections continue to rise and global numbers copy -- talking -- polls opening in singapore for an election overshadowed by the pandemic. shery: japan, korea and australia kicking off trading. a lackluster start so far with nikkei 225 with little change. accelerated pickup in tokyo virus cases, but the government is not considering a state of emergency. this is

and renault, the car—maker, it is part of an alliance with renault, nissan and mitsubishi, all of themit more nervous about whether we will have a next paycheque, whether we want to be splashing out on a new car right now, given all the uncertainty. it is also worth bearing in mind as well that the car produces, they are trying to look at the state of global trade over the coming few months, not least brexit, one issue particularly for uk car—makers right now, will tariffs be imposed on cars made in this country or parts that are imported from elsewhere? but equally, they are looking at where the demand might be and given everything that is going on with the global economy and the prospect of a global recession, car—makers are particularly worried and this, of course, is a bit of a perfect storm as we start to change our habits away from petrol and diesel engines towards electric vehicles. they are trying to work out what the market looks like. there is so much uncertainty and that means there bottom line is really taking a battering. australia has recorded its deadliest day of the cor

you see that with mitsubishi and japan or credit suisse or deutsche bank where those stocks are actually lower than where they were when lehman brothers failed the banks are another area where we weren't short we put them back on after they sort of bounced a lot. i think the reaction to earnings next week when the banks stoort report and also net flicks, i mean, everybody knows they have to beat the numbers and numbers are going to go up how they react to earnings i think will be interesting because as you saw after the fed stress test, they got hit for 3.4% on june 26th. you know, the s&p 500 was down 5.9% on june 11th. so reaction to earnings is something i'm watching very closely as well. >> netflix, short or long? >> no. we're not involved in netflix. it doesn't generate positive cash flow and as mike santoli broup brought up, we should be looking at that as another measure of risk where a lot of the other faang-related names this he have great cash flow. netflix isn't one of them. you know, that's our guilty pleasure i like watching netflix. it's hard for me with my style to be long