(Bloomberg) -- Less than a year after handing over the reins to a successor, Nidec Corp. Chairman Shigenobu Nagamori regrets appointing Jun Seki as Chief Executive Officer and has sidelined his deputy by sending him outside Japan, people with knowledge of the matter said.Most Read from BloombergStock Rebound Fails and Futures Plunge on Earnings: Markets WrapNvidia Quietly Prepares to Abandon $40 Billion Arm BidStocks Storm Back From 4% Rout to Close Higher: Markets WrapThis Red-Hot Housing Marke
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters. As established automakers face pressure from new competitors and an expected shift in demand toward EVs, the French-Japanese alliance is seeking to deepen cooperation. The three are expected to announce on Thursday a plan to invest more than 20 billion euros ($23 billion) over the next five years on EV development, the sources said.
Here is how Mazda Motor Corporation (MZDAY) and Nissan Motor Co. (NSANY) have performed compared to their sector so far this year.