Sri Lanka's exemption of a luxury tax from cabs was not linked to attempts to give vehicles to members of parliament, Cabinet spokesman, Nalinda Jayatissa said.

Renault said the terms of the transaction, “including the fact that it did not include any premium, were unacceptable.” ...

Japan’s Nissan and Honda have ended discussions on a deal that would have created the world’s third-largest carmaker. The two companies, along with their junior partner Mitsubishi Motors ...

Nissan, in comparison, reported a significantly lower operational income for the entire fiscal year, which was ¥120 billion (US$790 million) as opposed to ¥150 billion (US$990 million).

Sri Lanka aims to transform its crisis-hit economy to prepare to resume debt repayments from 2028, President Anura Kumara ...

Sinopec Fuel Oil Lanka (Pvt) Ltd. (SFOL) has introduced of High Sulphur Fuel Oil (HSFO) to the Sri Lankan market for bunkering, a move that is set to transform the country’s maritime fuel sector. This ...

TOKYO -- A seemingly unbridgeable divide between Honda Motor and Nissan Motor has jeopardized the highly anticipated merger of the two Japanese automakers that promised to create the world's ...

TOKYO -- Nissan Motor will suspend merger talks with Honda Motor as the two Japanese automakers have been unable to reach a consensus on the terms of the deal, Nikkei has learned. Nissan informed ...

Sri Lanka is banking on vehicle import taxes to boost revenue and revive the island nation's battered economy, leftist ...