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TOKYO (Reuters) - Ousted Nissan Motor Co Ltd (7201.T) chairman Carlos Ghosn is set to make his first public appearance in seven weeks at a Tokyo court on Tuesday after he requested an open hearing to hear the reason for his continued detention. Ghosn has been held in a detention center since his Nov. 19 arrest on allegations of financial misconduct, which was followed by re-arrests over further allegations. The hearing will take place at 10:30 local time (0130 GMT) on Jan. 8, the Tokyo District Court said on Friday. The reason behind the timing of Ghosn’s request was not clear.
Earlier sterling silver cufflinks macy's this week, the court approved an extension to Ghosn’s detention until Jan, 11, after re-arrest by prosecutors who accuse him of aggravated breach of trust in transferring personal investment losses to Nissan, Those allegations center on the use of company funds to pay a Saudi businessman who is believed to have helped him out of financial difficulties, sources said last week, Ghosn has already been indicted for under-reporting his income, He has denied the allegations, local media has said..
Former Nissan executive Greg Kelly, who has been charged with conspiring to under-report Ghosn’s income, has been released on bail after the court ruled against extending his detention while he awaits trial. Ghosn’s arrest was followed by his removal from roles at Nissan and Mitsubishi Motors Corp (7211.T). The case has rocked the auto industry and strained Nissan’s ties with French partner Renault SA (RENA.PA) where he still remains chairman and chief executive. The arrest has also put some of the practices of Japan’s criminal justice system under international scrutiny, including keeping suspects in detention for long periods and prohibiting defense lawyers from being present during interrogations.
BRASILIA (Reuters) - Brazilian President Jair Bolsonaro said on Friday he is concerned that a proposed sale of 80 percent of Embraer’s (EMBR3.SA) commercial aviation business to Boeing (BA.N) could lead to the U.S, planemaker taking over all of the division, Bolsonaro’s statement, made to reporters after an Air Force event, was the strongest indication yet of concerns sterling silver cufflinks macy's by the Brazilian government, which has to greenlight the deal, over the proposed tie-up, Bolsonaro and his aides have generally supported the deal in public statements made in the past, but this is the first time he has discussed specifics..
“The merger would be good,” Bolsonaro said. But he noted that the proposed Embraer-Boeing tie-up could result in the Brazilian planemaker “passing to the other side.”. “That’s our concern,” he added. “(Embraer) is our patrimony.”. Under the terms of the deal presented by both companies last month, Embraer would keep 20 percent of its commercial division but would be allowed to sell that stake to Boeing within the next 10 years for around $1 billion, adjusted for inflation.
After the 10-year period, Embraer could still sell its stake, but at fair value, A representative for Embraer declined to comment, Shares in the planemaker fell immediately following Bolsonaro’s remarks, and were down nearly 3 percent in Sao Paulo on Friday afternoon, The deal could reshape midsized commercial aviation as competition between Boeing and Airbus intensifies, Airbus last July took control of the CSeries jet of Canada’s Bombardier (BBDb.TO), which competed directly with Embraer’s commercial planes, all of which can carry up to sterling silver cufflinks macy's 150 passengers..
BEIJING (Reuters) - Tesla Inc said on Friday it plans to start delivering Model 3 cars to customers in China in March, cementing a time frame that the U.S. electric vehicle (EV) maker’s chief executive, Elon Musk, tweeted about late last year. The California-based firm, which aims to accelerate Chinese sales that have been hit hard by the impact of trade tension between Washington and Beijing, said in a statement the starting price for a Model 3 in China would be 499,000 yuan ($72,000). Tesla cut prices for its Model 3 last month, the third time in the last two months for the firm to adjust prices in China.
In November, Tesla cut the prices of its Model X and Model S in China by 12 to 26 percent, Tesla has opened a tender process to build a $2 billion plant in Shanghai - dubbed a Gigafactory - and at least one contractor has started buying materials, Reuters reported earlier last month, The automaker has said it aims to initially produce about 3,000 Model 3 vehicles per week at the plant and localize its manufacturing and supply chain, The factory, Tesla’s first in China, marks a major bet by the EV maker as it looks to bolster its presence in the world’s biggest auto market where it faces rising competition from a swathe of domestic rivals, while its earnings have been hit by sterling silver cufflinks macy's increased tariffs on U.S, imports..