Economy | ANALYSIS
Households to take hit from tax hike
by Tomoko Otake
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike's impact.
Corporate Sep 26, 2013
Nidec to buy out Mitsubishi Material's motor-making unit
Precision motor manufacturer Nidec Corp. said Thursday it will buy out a Mitsubishi Materials Corp. subsidiary that makes motors for automobiles as it prepares to jump into the growing market for such products. The acquisition of Mitsubishi Materials C.M.I. Corp. will enhance Nidec’s product ...
Business Sep 16, 2013
U.K. car industry pulling away from European rivals
Britain is accelerating away from its European competitors in the car-making sector, with investment flowing into the factories of Nissan and Jaguar Land Rover as Chinese and American demand drives sales. Jaguar Land Rover said last week it will pump £1.5 billion ($2.4 billion) ...
Economy Aug 1, 2013
Japan, U.S. to hold TPP-related talks
Japan and the United States will hold trade negotiations next week in Tokyo in parallel with the Trans-Pacific Partnership free-trade talks, the government said Thursday. During the three-day meeting from Wednesday, Japan, which joined the TPP talks last week, will discuss safety standards and ...
Corporate Jul 5, 2013
Honda hopes diesel dents Suzuki India lead
by Siddharth Philip
Honda Motor Co. may have cracked the formula for success in India: a diesel-powered compact sedan. The Amaze, introduced in April, drove the automaker’s sales to a record the following month and propelled Honda to third place among carmakers in Asia’s third-biggest market from ...
Business | Focus Jul 3, 2013
Global automakers team up in three groups on fuel cells
With the partnership announced Tuesday by Honda Motor Co. and General Motors Co., major global automakers have now divided into three competing groups in the development of fuel-cell technologies, with each including a Japanese player. Key to taking the lead in the market for ...
Business Jul 3, 2013
Half-year U.S. new vehicle sales highest since '07
Sales of new cars and light trucks in the United States in the first six months of this year rose 7.7 percent from a year earlier to 7,829,141 units, the highest since the same period in 2007, before the global financial crisis, according to ...