Mar 26, 2015

Domestic auto output fell 5.8% on year in February

The combined domestic production of Toyota Motor Corp. and seven other Japanese carmakers fell 5.8 percent year on year to 771,945 units in February, down for the eighth month straight, data released by the companies says. The results, released Wednesday, underscored that last April’s ...

Mar 15, 2015

Toyota salary talks settle on pay scale hike of ¥4,000

Toyota Motor Corp.’s labor and management have reached an agreement to carry out a pay scale hike of ¥4,000 per month this spring, the biggest since the automaker adopted the current negotiation format in 2002, informed sources said Sunday. The size of the hike ...

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 ...