Japan Electronics Makers Should Shift Focus

May 10 (Bloomberg) -- Ryoji Musha, president of Musha Research Co. in Tokyo, talks about Japan's consumer electronics industry. Sony Corp. forecast annual profit that missed analysts’ estimates as Chief Executive Officer Kazuo Hirai rolls out new Xperia smartphones and Bravia televisions to recapture market share lost to Samsung Electronics Co. Musha speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
VW Faces Costly Fixes as it Seeks to Cut Spend
27:37 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
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