Honda Returns to F1 Racing as Engine Supplier to McLaren

Honda Motor Co. (7267) will return to Formula One as an engine supplier to help develop its technology after exiting the racing series in 2008.

Saab sold to Chinese-Swedish investment group

Bankrupt carmaker Saab has been sold to a Chinese-Swedish investment group which aims to turn the company into a maker of electric vehicles.

Sony to cut 10,000 jobs worldwide

Tokyo, Japan - Sony Corporation has announced plans to cutting 10,000 jobs, about six per cent of its global workforce, according to media reports.

Brisk U.S. Sales Lift Toyota's Profit Forecast for the Year

TOKYO — Toyota Motor raised its annual profit forecast Tuesday despite a decline in its quarterly profit, as brisker sales in the United States gave the Japanese automaker a much-needed lift after a year overshadowed by natural disasters.

Multinational firms placing less importance on China -survey

Dec 7 (Reuters) - Multinational companies operating in China are placing less importance on the world's second-biggest economy amid rising local competition and concern over intellectual property (IP) rights, a survey showed on Wednesday.