On Ghosn arrest anniversary, Nissan still in dire need of repairing Renault ties
Nissan Motor Co. has been mostly preoccupied with a management overhaul and infighting with alliance partner Renault SA since the arrest of former boss Carlos Ghosn a year ago, making only limited progress in fixing its battered earnings. But analysts agree that the automaker needs ...
Ford bets on an electric Mustang to charge its turnaround
The Mustang Mach E electric sport utility vehicle that Ford Motor Co. unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that has been marred by ...
Nissan recalls nearly 400,000 vehicles over braking system defect
Nissan Motor Co. will recall a total of 394,025 cars in the United States after concerns that a brake fluid leak could potentially lead to a fire.
Japanese auto brands grab top three slots in Consumer Reports' annual rankings
Japanese brands dominated the top three slots in Consumer Reports' annual auto reliability rankings released Thursday. Toyota Motor Corp.'s Lexus luxury brand was rated as the most reliable by the U.S. magazine, followed by Mazda Motor Corp.'s Mazda and the Toyota brand. In fourth and fifth ...
Major Japan firms to pay record winter bonuses for second year
Major companies in Japan are set to pay record-high winter bonuses for the second straight year, the Japan Business Federation, or Keidanren, said Thursday. Bonuses agreed in labor-management wage negotiations for this winter averaged ¥964,543, showing a rise of 1.49 percent from the previous year's ...
Trading house Sumitomo Corp. will spend some ¥500 million ($4.5 million) by February 2020 to acquire a 6.7 percent stake in Taiwan's top electric bus-maker, RAC Electric Vehicles Inc. The two will seek to capitalize on the Taiwan government's plan to replace 15,000 conventional buses ...
U.S. set to delay new auto tariffs by up to six months, industry sources say
The Trump administration plans to delay a decision about additional tariffs on imported cars, according to two industry sources. The delay could last up to six months, the sources said, with the announcement expected as soon as Wednesday. U.S. President Donald Trump "doesn't have to make ...
Nissan reports 70% profit slump in second quarter and slashes full-year outlook
Nissan, whose financial performance has been in the doldrums for nearly two years, also cut its forecast for operating profit by ¥80 billion for the year through March.
Toyota first-half profit hits record ¥1.27 trillion on sales in Asia and Europe
For the full year to March 2020, Toyota maintained its outlook and said it expected a group net profit of ¥2.15 trillion, up 14.2 percent.
Number of visitors to Tokyo Motor Show rose 70 percent from 2017 to reach 1.3 million
The number of visitors to the 46th Tokyo Motor Show totaled 1.3 million, topping 1 million for the first time in 12 years, the Japan Automobile Manufacturers Association, the main organizer of the event, said Tuesday. The figure rose some 70 percent from 770,000 for ...
After discussions with automakers including firms in Japan, the Trump administration may not need to place tariffs later this month on automobiles imported from the European Union and elsewhere, Commerce Secretary Wilbur Ross has said. "We've had very good conversations with our European friends, with ...
Nissan names new CFO, shuffles execs ahead of CEO Makoto Uchida's arrival
Nissan Motor Co. unveiled the responsibilities of its new top managers, appointing a new chief financial officer and making other executive moves as the automaker seeks to turn a new page almost a year since the arrest of former Chairman Carlos Ghosn. Stephen Ma, corporate ...
