Japanese auto giants to ‘demand payback’ in event of no-deal Brexit : CityAM

Two of Japan’s auto giants will ask the UK to pay them back for any additional custom charges levelled against their cars if it fails to agree a free trade deal with the EU.

The Nikkei reported that Toyota and Nissan will want payments to cover the extra 10 per cent of tax that will be levied against automobile imports from the UK should no agreement be reached.

Read more: Car industry at risk of tariffs even if Brexit deal agreed

The carmakers declined to comment on the reports, but Nissan urged the two to work together to mitigate the potential impact on business.

In a statement, it said: “We urge UK and EU negotiators to work collaboratively towards an orderly, balanced Brexit that will continue to encourage mutually beneficial trade”.

Roughly 1.3m vehicles were made in the UK last year, almost half of which were manufactured by Japanese companies.

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Foresight: Eye-Net Mobile Signs Distribution Agreement with Leading Japanese Trading House Cornes Technologies

Cornes Technologies will promote Eye-Net Mobile’s cellular-based accident prevention solutions in the Japanese market

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd., signed a distribution agreement with Cornes Technologies, a leading Japanese trading house founded in 1900. According to the agreement, Cornes Technologies will promote and assist in the integration of the Eye-Net™ cellular-based accident prevention solution suite in products and applications of third parties in Japan. Cornes Technologies, a renowned trading company, plays a significant role in establishing and developing commercial links and trade between Japan and the rest of the world.

The distribution agreement with Cornes Technologies was signed following the recently announced pilot projects with leading Japanese multinational companies for possible integration of the Eye-Net Protect solution into advanced dashboard cameras and IoT services. Several additional Japanese companies have expressed interest

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Japanese Auto Leasing Cos. Ink $2.8B Merger

Law360 (September 24, 2020, 5:49 PM EDT) — Japanese auto leasing and financial services groups Mitsubishi UFJ Lease and Hitachi Capital said Thursday they’ve agreed to a $2.8 billion merger to help them both better withstand macroeconomic changes in the world.

Mitsubishi UFJ Lease & Finance Co. Ltd. and Hitachi Capital Corp. said in statements that the deal is a continuation of a 2016 alliance between them, as well as the recognition they can complement each other’s businesses and will be more resilient to external forces through a merger.

As part of the deal, Mitsubishi UFJ Lease will absorb Hitachi Capital and pay its target’s shareholders about 294 billion…

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In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the

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You Can Find Your Automobile of Choice From Japanese Used Car Auctions

Used car auctions are getting to be a very popular way to buy cars, trucks, SUVs, vans, and other types of vehicles these days. People enjoy the process of a car auto auction, which usually means they are able to get a better price that they would from a dealership, plus they can avoid haggling with a salesman. A Japanese used car auction is one of the best ways to pick up your favorite model of Japanese vehicle and get a good price.

While all kinds of different auctions are getting increasingly popular, from the online auto auction sites to the functions held at car auction houses, it seems the Japanese car auction events are gaining in popularity even faster than other types. Part of the reason for this is the general popularity of the Japanese cars these days because of their overall reliability and because they get better gas … Read More

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Japanese Car Auction Inspection Reports Demystified

Car auctions in Japan are a great way for car importers around the world to source good quality, low mileage cars and other used vehicles at great prices.

However, in order to make the most of the opportunities these Japanese car auctions give you as a car dealer, you have to make sure that you understand the car inspection reports. As a well-informed buyer, you can make sure you sift out the gold and avoid costly mistakes.

In this article, we will look together at who makes these auction inspection reports and what you can find in them.

If you are at at serious about buying cars from car auctions in Japan, you need to read on.

Quick Primer: What are these Japanese Car Auctions?

There are about 86 different auction locations in Japan. A typical day will see anything from about 7,000 to over 40,000 used cars and other … Read More

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