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Nagamori said he wants Nidec to continue expanding, perhaps taking on Toyota Motor Corp (7203.T), the biggest company on the Tokyo Stock Exchange. He said an accelerating shift toward electric vehicles should help Nidec as automakers outsource component production. Nidec, already the top player in electric power steering motors, last year expanded into traction motors, the most important element of an electric vehicle’s powertrain. It has also formed a joint venture with Peugeot carmaker PSA Group to produce traction motors.

The company expects such motors to account for the bulk of the estimated 6 trillion yen ($54 billion) automotive motors market in 2030, “One day, all vehicles will be equipped with Nidec motors, Nobody believes it now, but it will happen,” Nagamori said, Analysts said Nidec will face tough competition from megasuppliers such as Bosch, which have strong relationships with global automakers, But Takumi Sado, analyst at Daiwa Securities, said he liked Nidec’s chances anyway, “Nidec was stainless steel black pave crystal mickey mouse cufflinks a late comer to the market for electric power steering motors, but has already outgrown traditional players such as Denso (6902.T), Nidec is planning to sell its traction motors at very competitive prices, Few can compete with Nidec on costs.”..

(Reuters) - Media company CBS Corp’s (CBS.N) board is in talks with Chief Executive Officer Les Moonves to negotiate his exit, a source familiar with the matter said on Thursday. These discussions are occurring as the company and its controlling shareholder Shari Redstone and National Amusements Inc are also hammering out a settlement to a legal dispute over the control of CBS. The two sides would agree to a two-year standstill on any discussions of a CBS and Viacom Inc (VIAB.O) merger as part of the settlement, sources close to the talks told Reuters.

The board has offered a roughly $100 million exit package, CNBC reported earlier on Thursday, citing people stainless steel black pave crystal mickey mouse cufflinks familiar with the negotiations, The number could not be independently verified, A New Yorker report in late July featured claims against Moonves from six women spanning different time periods over two decades, from 1985 to 2006, The allegations included sexual assault and unwanted advances, The board has asked for autonomy from its controlling shareholder, the Wall Street Journal reported on Thursday, If granted, CBS could be free to pursue a sale..

CBS shares rose more than 3 percent. Moonves will be replaced by Chief Operating Officer Joe Ianniello as interim CEO, CNBC reported. Long viewed as a successor to Moonves, Ianniello was instrumental in CBS’s success following its split from Viacom in 2006. He has overseen the company’s transformation from traditional TV and radio broadcaster to a supplier of shows to digital platforms and the launch of its own streaming TV service. As of Wednesday’s close, CBS stock had risen by more than 120 percent from a close of $24.04 on Dec. 30, 2005, a day before the company split. Viacom stock has fallen more than 28 percent from $41.15 in the same period.

“CBS will be in very good hands with Joe Ianniello running the company and allow for a smooth transition,” analyst Craig Huber of Huber Research Partners said, stainless steel black pave crystal mickey mouse cufflinks CBS declined to comment, Representatives of the board and representatives for the investigations into Moonves declined to comment, Moonves, who joined CBS in 1995 and became CEO in 2006, has been locked in a legal battle over control of the company with National Amusements, owned by Shari Redstone and her father Sumner who also control media company Viacom..

Viacom shares traded flat on Thursday. Moonves received total compensation of $69.33 million in 2017, making him one of the highest paid U.S. executives. Under his contract, he is entitled to up to $180 million in severance. According to the CNBC report, the board wants to reserve the ability to claw back some of the compensation depending on the results of investigations into sexual harassment allegations against Moonves. It was not immediately clear if this could mean Moonves receives less than $100 million or anything at all.

CBS in August said it had retained two law firms and the board had set up a special committee to probe the allegations, According to a filing from CBS in April, if Moonves is terminated for cause, or in the event of resignation without “good reason,” no incremental payments and benefits would be made, One of the definitions for “cause” include “willful and material violation of any Company policy that is generally applicable to all employees or officers of stainless steel black pave crystal mickey mouse cufflinks the Company, including, but not limited to, policies concerning insider trading or sexual harassment,” according to the filing..

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