Toyota halts operations at five Japanese plants amid weak demand
Toyota Motor Corp. on Friday suspended seven production lines at five domestic plants to adjust to weak global demand due to the global coronavirus pandemic. The decision marks the first time that Japan's biggest automaker has halted operations at domestic factories since the novel coronavirus ...
Nissan's plants in U.S. to be shut through late April to limit spread of COVID-19
Nissan Motor Co. said Thursday it would extend its factory suspensions in the United States through late April to help reduce the spread of COVID-19 and protect employees. Nissan had initially planned to halt production at its U.S. plants through Monday after closing them on ...
How Tesla fought to keep its U.S. plant open despite lockdown order
Tesla Inc.’s lone U.S. assembly plant posed a risk to public health by staying open for days in spite of San Francisco Bay area shelter-in-place orders, according to documents obtained through a California public records request. Officials with the city of Fremont, California, told Tesla ...
U.S. urges Japan to open its agriculture and auto markets further
The United States urged Japan on Tuesday to open its agricultural and automotive markets further to narrow the trade imbalance between the two countries. "The United States continues to engage closely with the Japanese government to urge removal of a broad range of barriers to ...
Subaru to temporarily halt all global output due to coronavirus
Subaru Corp. said Wednesday it will halt all global auto production for approximately three weeks due to the spread of the novel coronavirus, resulting in a loss in output of 70,000 units. Subaru will halt manufacturing at its only domestic manufacturing base in Gunma Prefecture ...
U.S. President Donald Trump is poised to roll back ambitious Obama-era vehicle mileage standards and raise the ceiling on damaging fossil fuel emissions for years to come, gutting one of the United States' biggest efforts against climate change. The Trump administration is expected to release ...
Output by major Japanese carmakers in China plunged 86.7 percent in February from a year earlier to 29,911 units due to the coronavirus outbreak, according to data released by the companies. The automakers temporarily closed plants in China due to the spread of the virus ...
Toyota retools idled U.S. factories for face shield and mask production
Toyota Motor Corp.'s idled manufacturing facilities in the U.S. will make much-needed face shields and masks, and the auto giant is also closing in on deals with makers of medical devices to help them boost production. The carmaker said Friday it will start mass production ...
General Motors Co. has agreed to a $120 million settlement over faulty ignition switches that allegedly caused cars to stall and air bags to deploy, in some cases triggering fatal accidents. The deal, which must be approved by a judge, would resolve hundreds of lawsuits ...
Toyota requests $9 billion credit line from Japanese mega-banks SMBC and MUFG
Toyota Motor Corp. has asked two mega-banks to set up a credit line of ¥1 trillion ($9.2 billion), company sources said Friday, a move that signals the leading automaker is struggling with rising fundraising costs caused by the coronavirus outbreak. Toyota's financial base remains solid, ...
Moody's downgrades Toyota, Honda, Nissan as COVID-19 crisis deepens
Moody's Japan K.K. has lowered its credit ratings on Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co., citing the negative impact of the COVID-19 pandemic. "The automotive sector has been one of the sectors most significantly affected by the shock" from the spread ...
