Honda plant workers strike
A strike has broken out at a south China factory supplying parts for Japan’s Honda Motor Co, the latest in a string of stoppages by Chinese workers demanding a bigger piece of the country’s economic wealth. The strike, at Atsumitec Co in the city of Foshan, began on Monday, with 170 workers striking after management fired about 100, a worker who declined to give his name told reporters by telephone. A Honda spokeswoman in Tokyo said the factory supplies shift levers (gear sticks) to the carmaker’s local plants.
NTT buys Dimension Data
Japanese telecom giant NTT will acquire South African information technology firm Dimension Data for £2.1 billion (US$3.2 billion), both companies said in a statement yesterday. The deal would help Japan’s top telecom operator to crack into the fast-growing African market for mobile phone and IT services. The boards of directors of both NTT and Dimension Data unanimously recommended the all-cash offer for 100 percent of the shares, the companies said.
GM guarantees battery life
General Motors Co (GM) is guaranteeing the battery in its Chevrolet Volt electric car for eight years or 160,000km in an effort to inspire confidence in the new technology. The guarantee is better than warranties on GM’s conventional car engines and transmissions, which run for five years or 160,000km. The rechargeable Volt is due in showrooms in November. The vehicle can travel 65 kilometers on battery power before a small gasoline engine takes over to power the car for longer distances.
VW to build new China plant
Volkswagen says it will build a new manufacturing plant in Yizheng, China which will start operating in 2013 and produce up to 300,000 vehicles a year. The automaker based in Wolfsburg, Germany, said it signed contracts to build the factory in Jiangsu Province yesterday. It says some 4,000 jobs will be created at the plant. The company says it delivered more than 950,000 vehicles in China in the first half of this year — up 45.7 percent from a year earlier.
Novartis posts net growth
Swiss pharmaceutical giant Novartis yesterday posted net profit growth of 19 percent in the second quarter, prompting it to raise its revenues forecast for the full year. Net profit reached US$2.44 billion during the second quarter, up from US$2.04 billion a year ago. Net sales were also up 11 percent at US$11.7 billion. Novartis said in a statement that the company now expects its sales growth at constant currency to reach “mid to high-single digits,” while earlier it had forecasted growth of about 5 percent.
Sanyo Semiconductor sold
Japanese electronics maker Sanyo Electric will sell its semiconductor business to US-based ON Semiconductor for US$336 million, both companies said yesterday. The purchase of Sanyo Semiconductor will be a cash and stock transaction and is to be completed by year’s end, they said. The acquisition “is another significant step by ON Semiconductor to solidify its position as a premier global supplier of high-performance, energy efficient silicon solutions,” ON Semiconductor president and CEO Keith Jackson said.
A public health expert yesterday warned that too many people are meeting in small groups in coffee shops and restaurants without keeping a proper distance from one another, as he urged the government to loosen the criteria for testing young Taiwanese returning from abroad for COVID-19. People need to keep a social distance of at least 2m, National Taiwan University (NTU) College of Public Health dean Chan Chang-chuan (詹長權) said as the college presented its seventh weekly report on COVID-19 at a morning news conference. More than 300,000 confirmed cases of the virus have been reported in more than three-quarters of all
TWEET CONFIRMED: The US’ Morgan Ortagus backed up Taiwan, saying China only admitted that human-to-human transmission was possible as late as Jan. 20 Taiwan warned the WHO and China about possible human-to-human transmission of the new coronavirus at the end of last year, but the global health body did not make it public, the Ministry of Foreign Affairs said yesterday. Department of International Organizations Director-General Bob Chen (陳龍錦) made the remark at a news briefing in Taipei, when asked about statements made by US Department of State spokeswoman Morgan Ortagus. “Dec. 31— that’s the same day Taiwan first tried to warn WHO of human-human transmission. Chinese authorities meanwhile silenced doctors and refused to admit human-human transmission until Jan. 20, with catastrophic consequences,” Ortagus wrote on
MORE CASES EXPECTED: Many young Taiwanese would be returning home over the next two weeks, as schools in many nations closed, the health minister said Twenty-six new COVID-19 cases were confirmed yesterday, including five clusters, and all but one were imported, bringing Taiwan’s total number to 195, as border controls and home quarantine measures prove their effectiveness, the head of the Central Epidemic Command Center (CECC) said. Twelve of the new cases were in people tested at airports upon their return, 11 were in people under home quarantine and two were people who tested positive after seeking medical treatment, Minister of Health and Welfare Chen Shih-chung (陳時中), who heads the center, said at its daily news conference. “The new domestic case is a woman who lives with
ON THE LOOKOUT: A Lockheed EP-3 reconnaissance plane was yesterday seen flying southwest of Kaohsiung, according to Twitter account ‘Aircraft Spots’ A Twitter account that tracks military aircraft movements has indicated an increase in US military activity near Taiwan, coinciding with an increase in Chinese military activity in the area. Planes from the US Seventh Fleet have been sighted frequently above the South China Sea in the past several days, and a US Navy EP-3 reconnaissance plane was seen flying close to Taiwanese airspace southwest of Kaohsiung yesterday, according to posts by the Twitter account Aircraft Spots. The EP-3 was seen circling above the same area, Aircraft Spots said, adding that other planes from the fleet were seen in the past few days