U.S. to fine Takata $14,000 a day for resisting air bag probe

Feb 21, 2015

U.S. to fine Takata $14,000 a day for resisting air bag probe

Takata Corp. will be fined $14,000 for each day it fails to cooperate with a U.S. investigation into defects in its air bags that have led to millions of car recalls worldwide. Transportation Secretary Anthony Foxx said Friday his agency has requested documents and ...

Japanese carmakers move to counter shifts in key U.S. market

| Feb 17, 2015

Japanese carmakers move to counter shifts in key U.S. market

With car sales booming and the spring trading season about to get underway, Japanese and Korean carmakers are starting to feel the pressure from resurgent American competitors. But the Japanese carmakers, counting on the American market for profits, insist they welcome the competition and ...

Japan's automakers returning to major racing events

Feb 17, 2015

Japan's automakers returning to major racing events

Honda Motor Co. and other Japanese automakers are returning to major international racing events as their earnings, dented by the fallout of the Lehman Brothers collapse in 2008, are back into overdrive thanks to the yen’s fall and cost reductions. This year, Honda will ...

Feb 14, 2015

Takata air bags for 990,000 cars not fixed yet in Japan

The transport ministry said Friday that problems with Takata Corp. air bags had not been fixed for 991,377 cars as of the end of January. The number accounted for one-third of the 3.05 million cars subject to recalls due to defective Takata air bags. ...

Apple has hundreds working on secret project to create car

Feb 14, 2015

Apple has hundreds working on secret project to create car

Apple Inc. has a secret lab working on the creation of an Apple-branded electric car, the Wall Street Journal reported Friday, citing people familiar with the matter. The project has designed a vehicle that looks like a minivan, the newspaper quoted one person as ...

Five of Japan's major automakers report record profits

Feb 10, 2015

Five of Japan's major automakers report record profits

Five of the nation’s seven major automakers posted record group operating profits in April-December, thanks chiefly to strong sales in North America and improvements in profitability from overseas operations amid the yen’s weakening. Toyota Motor Corp., Fuji Heavy Industries Ltd., Mazda Motor Corp., Suzuki ...

| Jan 29, 2015

Carmakers face rosy quarter as commodity prices slump

Toyota Motor Corp. and Nissan Motor Co. are benefiting from a decline in the price of commodities like steel and rubber, which will make it cheaper to produce cars and give an extra boost to profits. Seven analysts who cover the industry said in ...

Jan 24, 2015

Honda to use air bags from Takata competitor in new Accord

Honda Motor Co. has chosen a competitor of embattled Takata Corp. to supply air bags for the next North American version of its Accord sedan, the automaker’s best-selling vehicle, two people with knowledge of the decision said. In the first major defection by a ...

Subaru puts China production plans on hold as car demand wanes

Jan 19, 2015

Subaru puts China production plans on hold as car demand wanes

Fuji Heavy Industries Ltd., the only Japanese automaker without Chinese government approval to start a joint venture, has put efforts on hold to build cars in the country, where demand growth is slowing. Sales in China would not be enough to guarantee profitability, Akira ...