Articles by Naomi Tajitsu

Toyota’s $1B Investment in Ride-Hailer Grab Opens Door to Data-Driven Insurance

By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp. stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend …

Mitsui Sumitomo Buys Singapore’s First Capital Insurance from Fairfax for $1.6B

Mitsui Sumitomo Insurance Company (MSI) is acquiring Singapore’s First Capital Insurance for $1.6 billion from Canada’s Fairfax Financial Holdings, in the biggest takeover by a Japanese insurer in populous Southeast Asia – a key target region for global players. Starved …

Toyota, BMW, Mazda, Subaru Settle Takata Airbag Economic Loss Claims

Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of nearly 16 million recalled vehicles with potentially defective Takata airbag inflators, court documents filed on Thursday showed. Toyota Motor Corp.’s share of the …

Toyota Recalls 3.37M Cars for Flawed Air Bags, Emissions Control Units

Toyota Motor Corp has recalled 3.37 million cars worldwide over possible defects involving air bags and emissions control units. The automaker on Wednesday said it was recalling 2.87 million cars over a possible fault in emissions control units. That followed …

New Zealand’s ‘100 Percent Pure’ Image Questioned after Dairy Scare

For a country that markets itself to the world with the slogan “100 percent Pure”, New Zealand’s environmental credentials are not as impeccable as many would think. The majority of its rivers are too polluted to swim in. Its record …