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 ...

Output of Mirai fuel cell car to quadruple by 2017: Toyota

Jan 22, 2015

Output of Mirai fuel cell car to quadruple by 2017: Toyota

Toyota Motor Corp. said Thursday that production of the Mirai fuel cell vehicle will be more than quadrupled to 3,000 vehicles in 2017 to meet stronger-than-expected demand since the world’s first mass-market hydrogen car debuted in Japan last month. Toyota, which hung onto its ...

Jan 16, 2015

Toyota labor unions to demand minimum ¥6,000 pay hike

The federation of labor unions at Toyota Motor Corp. said Friday it plans to make a unified demand for a pay-scale hike of at least ¥6,000 per month during the spring wage talks this year. It will be the Federation of All Toyota Workers’ ...

Will 2015 be the year hydrogen took off?

Jan 15, 2015

Will 2015 be the year hydrogen took off?

by Shinya Ajima

Industries are increasingly pressing pushing for the adoption of hydrogen fuel technology because they sense potential market opportunities worldwide. But problems abound, including the comparatively high cost of fuel-cell vehicles and the need for specialized hydrogen fuel stations. Also unresolved is how to generate, ...