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 to help companies that push hydrogen as electricity source

Feb 16, 2015

Japan to help companies that push hydrogen as electricity source

The Japanese government is planning to support companies that help develop hydrogen-fueled electric power plants, earmarking budget funds of ¥2.05 billion for such projects in the next fiscal year. Companies that build hydrogen-tanker ships, those that convert gas turbines to hydrogen use, and those ...

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 ...

Nissan overtook Honda in U.S. sales in January

Feb 4, 2015

Nissan overtook Honda in U.S. sales in January

As falling oil prices continue to drive consumers toward sport utility vehicles and trucks, Japanese automakers kicked off 2015 by posting double-digit growth in the U.S. with Nissan overtaking Honda become the fifth-largest automaker in the country, according to data from Autodata Corp. Boosted ...

Toyota gets blowback from China after Abe plugs hydrogen car

Jan 29, 2015

Toyota gets blowback from China after Abe plugs hydrogen car

Toyota Motor Corp., already falling behind competitors in China’s car market, is encountering a backlash from Chinese media over Prime Minister Shinzo Abe’s endorsement of its new Mirai fuel cell sedan. The automaker will face “turbulence” in its China sales after delivering its first ...

| 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 27, 2015

Toyota to change age-based pay scale

Toyota Motor Corp. plans to change its seniority-based pay structure for workers in Japan that will erase salary gaps between age groups, the company’s human resources chief said on Tuesday. The carmaker will consider introducing performance pay for younger employees and wants to tie ...