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July 27, 2024
 

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CARMAKERS

Nissan initially had an early-mover advantage when it launched the Leaf in 2010, the first electric vehicle by a major global manufacturer, but the company recently has been unable to leverage its EV edge.
BUSINESS / Companies
Jul 26, 2024
Nissan's global production cuts imperil CEO’s recovery plan
Nissan’s disappointing results only add to the challenges facing CEO Makoto Uchida.
Nissan's operating profit for the April-June period totaled ¥995 million, compared with ¥128.6 billion in the same period a year earlier.
BUSINESS / Companies
Jul 25, 2024
Nissan shares hammered as Q1 profit wiped out by U.S. discounts
The automaker has cut its operating profit forecast for the financial year by 17% to ¥500 billion from ¥600 billion.
Honda will close a plant operated through its joint venture with Chinese state-owned automaker Guangzhou Automobile Group in October.
BUSINESS / Companies
Jul 25, 2024
Japan's Honda to close one China plant and halt production at another
The company's annual production capacity in China will shrink to 1.2 million vehicles from 1.49 million as a result of the stoppages.
People visit the Volkswagen booth at the Beijing International Automotive Exhibition, on April 25.
BUSINESS / Companies
Jul 24, 2024
Volkswagen is reeling in China. Can EVs help it grow in the U.S.?
Volkswagen CFO Arno Antlitz said the company expects to continue losing China market share and hopes to merely maintain its position in Europe.
Attendees inspect a Lamborghini Revuelto high performance electrified vehicle on the opening day of the Geneva International Motor Show Qatar 2023, in Doha on Oct. 6, 2023.
BUSINESS / Tech
Jul 22, 2024
In the world of luxury cars, hybrids are the sexiest new thing
Engineers insist the technology is as much about getting more performance out of existing combustion engines as it is about going green.
People visit the Xpeng booth during the 20th Shanghai International Automobile Industry Exhibition on April 19, 2023.
BUSINESS / Tech
Jul 22, 2024
Volkswagen and Xpeng deepen software collaboration across EVs in China
Chinese electric vehicle maker Xpeng said that it has entered into a technical collaboration agreement with Volkswagen.
A Maruti Suzuki India showroom in New Delhi. Suzuki hopes to grab 50% share of the Indian market by 2030, targeting 15% of its sales in India to be electric vehicles by that time.
BUSINESS / Companies
Jul 22, 2024
Suzuki sees India’s automobile market growing fivefold by 2047
Promising growth in the electric vehicles segment is putting the South Asian country's car market on track to reach 20 million units by 2047.
Toyota Customizing & Development, a Toyota subsidiary, broke the subcontract payment law, the Fair Trade Commission said.
BUSINESS / Companies
Jul 5, 2024
Toyota unit violated subcontractor protection law: regulator
Yokohama-based Toyota Customizing & Development broke the law by having dozens of suppliers store metal die casts and other items without paying any storage fees.
A Maruti Suzuki India showroom in Chennai, India
BUSINESS / Companies
Jul 5, 2024
Suzuki starts $40 million India fund to help rural startups
Suzuki is at risk of losing customers in India due to its paltry lineup of hybrid cars and lack of any electrified options.
BYD electric vehicles before being loaded onto the "BYD Explorer No.1" roll-on, roll-off vehicle carrier in Jiangsu province, China, on April 25.
BUSINESS / Markets
Jul 5, 2024
China-built EVs hit with duties in biggest EU trade case yet
The tariffs remain provisional while intensive talks continue between Chinese and EU officials as Beijing threatens wide-ranging retaliation on European products.
Financial groups will sell Honda Motor shares worth ¥535 billion to unwind cross-shareholdings, according to a regulatory filing.
BUSINESS
Jul 4, 2024
Insurers and banks to sell Honda shares worth $3.3 billion, filing shows
The move offers a sign that the unwinding of cross-shareholdings is catching pace in Japan.
Chinese EV-maker Nio’s Onvo L60 SUV is unveiled in Shanghai in May. As an EV powerhouse, China should share the fruits of its success with the rest of the world.
COMMENTARY / World
Jul 3, 2024
Easy solutions to EU-China tariff dispute
The EU should see the futility of tariffs on Chinese EVs, and China should not retaliate but instead share the fruits of its success in building up its auto sector.
Honda has already announced plans to buy back up to ¥300 billion of its shares during the current financial year, a move that could help absorb some of the impact from the sale.
BUSINESS / Companies
Jul 2, 2024
Major Japanese insurers to offload $3.1 billion of Honda shares, sources say
The sale of shares of a high-profile company is the latest sign that the unwinding of cross-shareholding is gaining pace in Japan.
Hyundai Wia robotic arms on the production line at the Kia plant in Gwangmyeong, South Korea, on Jan. 3
BUSINESS
Jul 1, 2024
How one of the world's strongest car unions is dealing with EV job losses
Hyundai Motor and Kia’s moves toward electrification are provoking anxiety in South Korea’s highly active and organized labor movement.
Toyota Customizing & Development, founded in April 2018 and 90.5% owned by Toyota, develops vehicles on behalf of the parent firm.
BUSINESS / Companies
Jun 30, 2024
Toyota unit violates subcontract law
The Fair Trade Commission will shortly recommend that TCD take steps to prevent a recurrence of similar misconduct, sources said.
Toyota has been looking to cash in on stakes in affiliates as it steps up development and production of battery-powered vehicles.
BUSINESS
Jun 27, 2024
Toyota and affiliates to offload some $1 billion in Aisin shares
Toyota Motor and two affiliates will divest at least 12.5% of supplier Aisin
Shareholders at Toyota's annual general meeting, held in Toyota, Aichi Prefecture, on June 18
BUSINESS / Companies
Jun 26, 2024
Toyota chair's pay raised to $10 million despite safety probe
The total made Akio Toyoda the highest paid Japanese executive for a third straight year.
Workers assemble second-generation R1 vehicles at electric carmaker Rivian's manufacturing facility in Normal, Illinois, on Friday.
BUSINESS / Companies
Jun 26, 2024
Volkswagen's $5 billion investment in Rivian boosts EV maker's shares
The investment will provide Rivian the funding necessary to develop its less expensive and smaller R2 SUVs, and help it turn cash-flow positive.
A BYD Seal electric sedan displayed in Tokyo on Tuesday
BUSINESS / Companies
Jun 25, 2024
BYD releases third EV in Japan as sales struggle to take off
Overall, BYD's sales in Japan fell 26% in April from a year earlier, and 28% in May.
Nissan's Hyper Force at the Beijing Auto Show in Beijing on May 3
BUSINESS / Companies
Jun 23, 2024
Nissan closes car plant in China
The closure on Friday came amid the rapid spread of electric vehicles in China, which has led to serious sales slumps for Japanese automakers.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
Yen rally could help end crushing wage decay in Japan
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Terunofuji, as he tends to do, returns to stamp his authority on sumo pretenders
Terunofuji (left) throws down Kirishima on Tuesday to build on his perfect record at the Nagoya Grand Sumo Tournament.
Japanese startups advised to internationalize to get some global mojo
Entrepreneurs who participated in the Beyond Japan Zero to X program last year share their experiences in the United States during a meeting in May in Tokyo.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

SUSTAINABLE JAPAN

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Azabudai Hills, Tokyo’s green new downtown ‘village’

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