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Search resuls for: "Sony Group"


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☆ Honda's U.S. dealers want to be part of Sony Honda venture's EV launch plans
  + stars: | 2022-10-14 | by ( Satoshi Sugiyama Ben Klayman | Satoshi Sugiyama | Ben Klayman | ) www.reuters.com   time to read: +4 min
Sony Honda Mobility said on Thursday it was aiming to deliver the first of the unnamed EV by 2026, starting in the United States, and will sell them online. Honda has about 1,100 Honda dealers and 270 Acura dealers. "I get teaming up with Sony, but it should be done in conjunction with the dealer network, not outside it," he added. Sony Honda officials promised the vehicle - to be built at one of Honda's Ohio plants - will include advanced driver-assist features and a new software system developed by Sony that offers cloud-connected services that generate recurring revenue. Sony Honda officials declined to say under what brand the vehicle will be sold.
☆ Toshiba shares jump on report of possible $19 bln buyout
  + stars: | 2022-10-13 | by ( Sam Byford Takaya Yamaguchi | Sam Byford | Takaya Yamaguchi | ) www.reuters.com   time to read: +3 min
TOKYO, Oct 13 (Reuters) - Shares in Toshiba Corp (6502.T) surged on Thursday following a report that a domestic investor-led group was looking at a $19 billion bid in a deal that could lead to foreign activist shareholders being bought out after years of tension. A consortium led by private equity firm Japan Industrial Partners has been given preferred bidder status in the second round of bidding, a source familiar with the matter told Reuters. Register now for FREE unlimited access to Reuters.com RegisterJapan Industrial Partners has contacted multiple Japanese firms, sources have said. Japan Industrial Partners declined to comment. Toshiba and activist shareholders have been at odds over the direction of the company, with several large foreign funds pushing the conglomerate to consider private equity bids.
☆ Sony, Honda aim to deliver premium EV with subscription fees in 2026
  + stars: | 2022-10-13 | by ( Satoshi Sugiyama Maki Shiraki | Satoshi Sugiyama | Maki Shiraki | ) www.reuters.com   time to read: +3 min
TOKYO, Oct 13 (Reuters) - A joint venture set up by Japan's Sony Group Corp (6758.T) and Honda Motor (7267.T) is aiming to deliver its first electric vehicles by 2026 and will sell them online, starting in the United States and Japan. The update from the joint venture, Sony Honda Mobility, is the first since the two companies launched the project in June. Sony will provide the software system for the new car, from the onboard controllers to cloud-based services that will connect with entertainment and payment systems. The still-to-be named EV will likely be manufactured by Honda at one of its plants in Ohio. The new EV will be delivered to the Japanese market in the second half of 2026.
☆ Sony, Honda mobility venture to deliver new EV to U.S. in spring of 2026
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Oct 13 (Reuters) - A joint venture set up by Japan's Sony Group Corp (6758.T) and Honda Motor (7267.T) will deliver electric vehicles (EV) to the U.S. market in the spring of 2026, a top executive said on Thursday. The new EV will be delivered to the Japanese market in the second half of 2026, said Yasuhide Mizuno, the joint venture's chairman and chief executive, and a senior Honda executive. The two companies officially agreed to the equally owned joint venture, Sony Honda Mobility, in June, with each of them investing 5 billion yen ($34.05 million) in the new venture. Honda is under pressure from investors to make cars that are carbon-free and equipped with newer technology such as self-driving features. Like its bigger rival Toyota Motor (7203.T), it has been slow to shift its fleet to electric, offering only one EV known as Honda e.($1 = 146.8300 yen)Register now for FREE unlimited access to Reuters.com RegisterReporting by Satoshi Sugiyama; Editing by Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.
☆ TikTok already took over as Gen Z's social platform of choice. It might be coming for Spotify next.
  + stars: | 2022-10-13 | by ( Nidhi Pandurangi | ) www.businessinsider.com   time to read: +3 min
Insider first reported that ByteDance had filed a trademark application for "TikTok Music" in May. Move over, Spotify and Apple MusicInsider first reported that ByteDance had filed a trademark application with the US Patent and Trademark Office in May for "TikTok Music." TikTok is now moving to snatch market share from the likes of Spotify and Apple Music. It has also been grabbing market share from other streamers in the past year. However, more market share does not mean more money trickling in.
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