Strong yen is a brake on Japanese carmakers' profits

Feb 15, 2016

Strong yen is a brake on Japanese carmakers' profits


Japanese automakers may have run out of the fuel that has driven profits higher for the past four years: the weaker yen. Toyota Motor Corp. and Japan’s six other automakers may combine to earn ¥4.55 trillion in the fiscal year through March 2017, according ...

Japan's automakers achieve record U.S. sales in 2015

Jan 6, 2016

Japan's automakers achieve record U.S. sales in 2015

Japanese automakers logged record sales in the United States in 2015 as the overall market swelled to an unprecedented level, driven by the stronger economy and robust demand for sport utility vehicles and trucks, Autodata Corp. data showed Tuesday. Manufacturers sold 17.47 million cars ...

May 26, 2015

Japan to urge Indonesia to cut auto tariffs as agreed in FTA

Japan will urge Indonesia to lower its tariffs on Japanese automobiles as agreed under a bilateral free trade pact that entered into force in 2008, trade minister Yoichi Miyazawa said Tuesday. Miyazawa said Japan and Indonesia are expected to hold bilateral discussions on the ...

Jan 28, 2015

Car parts firm Sanden agrees to pay U.S. fine for price-fixing

The U.S. Justice Department says Japanese automotive parts maker Sanden Corp. has agreed to plead guilty and pay a $3.2 million fine for its role in a price-fixing cartel for compressors used in air conditioning systems. Gunma Prefecture-based Sanden allegedly conspired to rig prices ...

Jan 7, 2015

U.S. recalls may climb this year, car safety chief says

A recent wave of auto recalls may lead to even more flaws being discovered this year as drivers become alert to design faults, the top U.S. car safety official said Tuesday. Recalls of air bags and ignition switches last year contributed to an increase ...