Tag - carmakers

 
 

CARMAKERS

While Nissan slightly raised its sales forecast late Thursday, its statement warned that its net loss could be ¥700 billion to ¥750 billion.
BUSINESS
Apr 24, 2025
Nissan sees $5.3 billion red hole as restructuring losses mount
While Nissan slightly raised its sales forecast late Thursday, its statement warned that its net loss could be ¥700 billion to ¥750 billion.
Toyota Motor’s sales rose 8% from a year earlier to 231,336 units, while Honda Motor recorded a 13% jump, according to data released Thursday.
BUSINESS / Companies
Apr 24, 2025
Japanese carmakers’ U.S. sales surge ahead of Trump tariffs
Toyota Motor’s sales rose 8% from a year earlier to 231,336 units, while Honda Motor recorded a 13% jump, according to data released Thursday.
New vehicles for sale at a Toyota dealership in El Centro, California. Toyota is planning to spend $88 million at an engine factory in West Virginia to widen its manufacturing footprint in the United States.
BUSINESS
Apr 24, 2025
Toyota to invest ¥12.5 billion in West Virginia plant amid Trump tariff push
The spending will secure the continued employment of some 2,000 workers at the factory, but a spokesman said it won’t result in any new jobs.
"The main message we have on monetary policy is that in times of heightened uncertainty, flexibility and data dependence become paramount,” said Nada Choueiri, the International Monetary Fund’s Japan mission chief, on Wednesday.
BUSINESS / Economy
Apr 24, 2025
IMF urges BOJ flexibility on rates as tariffs dent outlook
Along with downgraded global growth projections, the IMF's forecast for Japan’s expansion in 2025 was trimmed by 0.5 percentage points to 0.6%.
Stephen Ma, the head of Nissan’s operations in China, speaks during a news conference at the Shanghai auto show on Wednesday.
BUSINESS / Companies
Apr 23, 2025
Nissan commits another $1.4 billion to China with EVs in focus
"With China moving so fast, we want to stay and we want to compete,” said Stephen Ma, the head of Nissan’s operations in China.
A man sprays paint graffiti against Elon Musk's so-called Department of Government Efficiency (DOGE) on a Tesla showroom in New York on Tuesday in this screen shot taken from video.
BUSINESS / Companies
Apr 23, 2025
Musk to reduce White House role as Tesla profits plunge
Tesla CEO Elon Musk said he would cut back "significantly" the time he devotes to the Trump administration from next month.
 Toyota Motor and Daimler Truck are expected to finalize the merger agreement as early as May.
BUSINESS / Companies
Apr 22, 2025
Toyota and Daimler near merger of truck units, report says
The two auto groups aim to establish a holding company for the truck units and list it on the Tokyo Stock Exchange's Prime market in April 2026.
Executives from U.K. self-driving startup Wayve and SoftBank attend an event in Tokyo on Tuesday.
BUSINESS / Companies
Apr 22, 2025
U.K. AI startup Wayve makes Japan debut after Nissan partnership
Earlier this month, Wayve said it was joining forces with Nissan Motor to help build the next generation of its ProPilot driver-assist system.
Ryosei Akazawa, Japan's Economic Revitalization Minister and top tariff negotiator with the U.S., speaks to the press upon his arrival at Haneda Airport in Tokyo on Friday.
BUSINESS / Markets
Apr 20, 2025
Japan mulls reviewing car safety rules to strike deal with Trump
The report comes after Japan’s chief negotiator Ryosei Akazawa kicked off tariff discussions with U.S. counterparts in Washington last week.
Ryosei Akazawa, Japan's top tariff negotiator with the U.S., speaks to reporters upon his arrival at Tokyo's Haneda Airport on Friday, a day after talks in Washington.
BUSINESS / Economy
Apr 19, 2025
Japan tariff negotiator rules out quick U.S. deal despite push by Trump
Ryosei Akazawa said that while the U.S. president wants to speed up negotiations, any agreement would likely take some time.
Mazda will halt production of CX-50 sport utility vehicles destined for Canada at its Alabama plant effective May 12.
BUSINESS / Companies
Apr 18, 2025
Mazda to pause U.S. production of CX-50 cars destined for Canada
The Japanese automaker will halt production of CX-50 sport utility vehicles destined for Canada at its Alabama plant effective May 12.
Renault Chairman Jean-Dominique Senard speaks during a news conference in Boulogne-Billancourt, France, in December 2023.
BUSINESS
Apr 16, 2025
Renault chairman will leave Nissan’s board, sources say
The French company remains Nissan’s largest shareholder even as the carmakers gradually loosen their decades-long alliance.
Production of Honda’s five-door hybrid Civic is set to be relocated to the firm’s plant in Indiana in June or July.
BUSINESS
Apr 16, 2025
Honda to shift production of Civic from Japan to U.S. due to tariffs
Production of the five-door hybrid model will be relocated around June or July to Honda’s plant in Indiana.
Economic revitalization minister Ryosei Akazawa, Japan's chief tariff negotiator, responds to a question at Haneda Airport in Tokyo ahead of his visit to the United States on Wednesday.
BUSINESS / Economy
Apr 16, 2025
Akazawa, Japan’s tariff czar, jets to Washington for mission impossible 
Tokyo realizes that achieving a satisfactory meeting of the minds with Washington will be a real challenge.
Toyota and Lexus cars and sport utility vehicles unloaded from car carrier ships to the Toyota Logistics Services automotive processing terminal at the Port of Long Beach in Long Beach, California, on Thursday
BUSINESS / Economy
Apr 15, 2025
Trump floats temporary reprieve for autos as parts tariffs loom
The president said he is exploring exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up manufacturing in the U.S.
Hon Hai Precision Industry, which does business as Foxconn, wants to make electric vehicles for Japanese carmakers.
BUSINESS / Companies / FOCUS
Apr 10, 2025
It makes iPhones. Now Hon Hai wants to make cars for Japanese automakers.
The Taiwanese company's seemingly unlikely proposition — given the structure and history of Japan's auto industry — just might work.
Hon Hai Precision Industry's chief strategy officer for electric vehicles, Jun Seki, speaks during an interview.
BUSINESS / Companies
Apr 9, 2025
Hon Hai makes case to build EVs for Japan’s automobile industry
Electrified cars and buses made by Foxconn, as the Taiwanese company is known, will appear on roads in Japan over the next few years, its EV strategy chief says.
Toyota is considering transferring some production in the key Tokai region, which is expected to be hit hard in a Nankai Trough earthquake, to the Tohoku and Kyushu regions.
JAPAN / FOCUS
Apr 8, 2025
Japanese makers rush to mitigate possible Nankai Trough earthquake damage
The government is calling on manufacturers to diversify their production bases and suppliers to mitigate the risks.
Japan is facing challenges with Donald Trump's new tariffs and is considering increased purchases of U.S. goods, negotiating tariff reductions and expanding auto production in the U.S. to reduce the trade deficit and avoid further economic tension.
COMMENTARY / Japan
Apr 8, 2025
What is Japan's play on Trump's tariffs?
Japan had expected some consideration for being the largest source of foreign direct investment in the U.S. from 2019 to 2024, with total investment of around $860 billion.
Donald Trump’s complaints about Japan’s auto market are based on misconceptions, as Japan has not imposed car tariffs since 1978 and American cars fail to meet local preferences.
COMMENTARY / Japan
Apr 8, 2025
The Japan tariff myth that just won’t die
The belief that unfair trade practices are at fault isn’t only false, but also one of those enduring myths that refuses to die.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.