Tag - carmakers



Toyota Industries President Koichi Ito (right) receives an operation correction order from transport ministry director-general Hirohisa Tsuruta at the transport ministry in Tokyo on Thursday.
BUSINESS / Companies
Feb 22, 2024
Japan transport ministry punishes Toyota affiliate over data-rigging
Despite the corrective order, the ministry said that it has not found any misconduct that warrants revoking approval for Toyota's automobile engines.
Brooklyn-based startup HEVO is working with other firms to develop wireless EV charging systems.
Feb 22, 2024
Wireless charging for electric cars is inching closer to reality
Major hurdles include slow charging speeds and the money and interest needed to build stations and get more carmakers on board.
Volkswagen ID.3 and Cupra Born electric cars on the production line at the company’s plant in Zwickau, Germany.
BUSINESS / Companies
Feb 21, 2024
Europe is being forced to reboot its car industry
Unless they can get strategies back on track, Europe’s automakers risk falling further behind China and Tesla
Mining magnate Dan Gertler in Congo in 2012
Feb 20, 2024
China's dominance of EV metals prompts U.S. to revisit stockpile 'panic button'
Budget cuts have shrunk U.S. strategic reserves to record lows, leaving it facing shortages of the raw materials needed to execute an energy transition.
Shoppers walk past an ID Hub, a Volkswagen showroom for electric cars, at a mall in Shanghai on Dec. 3, 2023.
BUSINESS / Companies
Feb 19, 2024
Firms with deep roots in China reconsider their Xinjiang ties
Volkswagen Group is reviewing the future of its joint venture in the Xinjiang region of northwestern China
Nissan's Ariya electric crossover sport utility vehicle assembled by robots at the company's plant in Kaminokawa, Tochigi Prefecture
BUSINESS / Companies
Feb 19, 2024
Japan carmakers forge ahead with EV investments despite slowdown
Outside of Japan, signs of a scaling back are everywhere, with the exception of China.
Volkswagen has long come under scrutiny over its factory in Urumqi in Xinjiang, which opened in 2013.
BUSINESS / Companies
Feb 15, 2024
Pressure mounts on Volkswagen to exit China's Xinjiang region
The carmaker said it was discussing the future of its activities in the region, following fresh allegations of human rights abuses.
Labor unions at Toyota and other carmakers are seeking record pay increases in this year's spring wage negotiations.
BUSINESS / Companies
Feb 15, 2024
Major auto firm unions request record pay hikes ahead of annual talks
Whether major automakers fully accept unions' demands for a second consecutive year is set to be in focus after the prime minister called for wage hikes.
Masahiro Inoue, incoming chief executive officer of Daihatsu Motor, during a news conference in Tokyo on Tuesday
BUSINESS / Companies
Feb 13, 2024
Toyota replaces Daihatsu chief after safety scandal
Masahiro Inoue, the CEO of Toyota Latin America, will replace Soichiro Okudaira effective March 1.
The tail of a BYD electric vehicle sports the company’s motto, “build your dreams,” at a dealership in Shenzhen, China, on Jan. 29.
BUSINESS / Companies
Feb 12, 2024
How China built BYD, its Tesla killer
BYD’s sales, over 80% of them in China, passed Tesla in worldwide sales of fully electric cars late last year.
Workers walk to a Daihatsu factory in the town of Oyamazaki, Kyoto Prefecture, on Monday as the firm resumed production at the facility.
BUSINESS / Companies
Feb 12, 2024
Daihatsu resumes production of two models at Kyoto plant
The Toyota subsidiary hopes to restart gradually but its domestic vehicle production schedule remains unclear.
Monet Technologies' robotaxi service, partly designed to address serious shortages of taxi drivers, will use vehicles based on Toyota's Sienna minivan.
Feb 11, 2024
Toyota affiliate to start Robotaxi service in Tokyo
The new robotaxi service, partly designed to address serious shortages of taxi drivers, will use vehicles based on Toyota's Sienna minivan.
Daihatsu President Soichiro Okudaira submits a report to transport minister Tetsuo Saito on measures the automaker will take to prevent a recurrence of safety testing fraud, on Friday in Tokyo.
BUSINESS / Companies
Feb 10, 2024
Daihatsu reports measures to prevent recurrence of testing fraud
"We want to implement recurrence prevention measures firmly and make the company capable of doing its job properly," the firm's president said.
Honda now projects an annual net profit of ¥960 billion ($6.45 billion), up ¥30 billion from the previous forecast.
BUSINESS / Companies
Feb 8, 2024
Honda and Nissan release robust earnings reports
Honda upgraded its annual profit forecast while rival Nissan said its net profit almost tripled year-on-year.
Workers install components on a RAV4 hybrid sport utility vehicle at the Toyota manufacturing plant in Georgetown, Kentucky.
BUSINESS / Companies
Feb 7, 2024
Toyota boosts spending on EV production in U.S. by $1.3 billion
The automaker said the added spending is earmarked for its first U.S.-made EV and other unspecified battery-powered models.
Toyota raised its annual net profit forecast to a record high ¥4.5 trillion in the year ending in March.
BUSINESS / Companies
Feb 6, 2024
Toyota raises annual net profit forecast as chip shortage eases
But scandals involving rigged engine and safety tests at subsidiaries led the firm to slightly revise down its sales target for the financial year.
Toyota's hybrid RAV4 Prime at an auto show in Los Angeles in 2019
Feb 2, 2024
Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown
Toyota is expected to offer an upbeat outlook when it reports its earnings on Tuesday, helped by its heavy reliance on hybrids.
Toyota plans to shorten plant operating hours and review its product development plans, with tight schedules being partly blamed for the scandals involving group companies Daihatsu and Toyota Industries.
BUSINESS / Companies
Feb 2, 2024
Toyota to shorten plants' maximum operating hours
The 30-minute reduction is aimed at giving workers a more flexible schedule following a series of certification irregularities at its group companies.
After suffering a bruising loss this week in Delaware's Chancery Court that voided his $56 billion pay package, Musk said that Tesla would "move immediately to hold a shareholder vote to transfer state of incorporation to Texas."
Feb 2, 2024
Shifting Tesla incorporation to Texas may not give Musk what he wants
Musk is not the first corporate leader to suffer a loss in a Delaware court and question the state's position on companies.
Honda's four-seater CiKoMa EV can travel at speeds of up to 20 kph.
BUSINESS / Companies
Feb 1, 2024
Honda to test automated EV and logistic robot in Ibaraki Prefecture
The four-seater EV, named CiKoMa, can travel at speeds of up to 20 kph.


Hideo Shimoju points to a possible site that his fellow neighbors may relocate to. Such relocations have happened before, but not preemptively.
In disaster-prone Japan, some communities consider major moves