Nissan-Renault and Mitsubishi will expand Association

Many months ago, when he has not been sure that if Mitsubishi Motors is still in business. But that's mostly a phenomenon by what has been happening in the US market, since in Asia and Europe, Mitsubishi is a bit more viable. And apparently the company has the technology is worthwhile because the Nissan-Renault alliance has advanced into an agreement with the Japanese automaker to bring more technology to market.

According to a press release: "Between Nissan and Mitsubishi Motors, it is expected that the joint venture company existing NMKV be expanded to co-develop a new small car segment that includes a specific electric version that can be sold worldwide. the basis of this product will be a platform developed jointly popular type in the Japanese domestic market. More details of all products, markets and manufacturing will be announced in the future.

Mitsubishi sells the electric car i-MiEV. Nissan sells the Nissan Leaf, and has a clearly set to dominate the market eléctricos.Basado vehicles in the current direction of the discussions between Renault and Mitsubishi Motors global strategy, is expected to first, two new sedan models would be launched under the Mitsubishi brand vehicles based on Renault portfolio.

The first sedan to compete in the markets of D full-sized segment of the United States and Canada, is manufactured at the Renault-Samsung plant in Busan, South Korea. The second model sedan could compete in the global C segment. The location of manufacture of this product is under discussion.

Wells Fargo & Co. reaches agreement with the United States Department of Justice

Wells Fargo & Co has formally reached an agreement for more than $ 1.2 billion to end a demand by the United States Department of Justice which accuses Wells Fargo to cheat the federal government to ensure thousands of mortgages they were at risk.

The agreement was filed Friday in federal court in Manhattan. I also resolved claims against Kurt Lofrano, former vice president of Wells Fargo.

IMB Report drop in income

International Business Machines Corp. ( IBM ) reported a 4.6 percent drop in quarterly revenue, which has been affected by the strong dollar and the expense of other technologies amid global economic uncertainty.

Revenue fell continuously for sixteen consecutive quarters, falling to $ 18.68 billion in revenue for the first quarter ended March 31 so that deficit was recorded last year in the same quarter were $ 19,590,000.

Net income fell to $ 2.01 billion, or $ 2.09 per share, which was $ 2.33 billion, or $ 2.35 per share, in the same period last year.

The US government recorded a budget deficit

The US government recorded a budget deficit of $ 108 million for the month of March, more than double the amount for the same period last year, said the Treasury Department on Tuesday.

The government had a deficit of $ 53 million in March 2015, according to the monthly Treasury budget statement. Analysts had forecast a deficit of $ 104 billion last month.

Accounting for the calendar adjustments, March would have shown a deficit of $ 102 billion, compared with an adjusted deficit of $ 89 billion in March 2015.

The current fiscal deficit for the year to date was $ 461 billion, up 5 percent from a deficit of $ 439 million last year.

Revenues last month amounted to $ 228 million, while expenses totaled $ 336 billion.