New Zealand to speed up electric car adoption to cut emissions
The government said it will initially allocate 2.9 billion New Zealand dollars over four years to fund a range of measures, from electric car incentives to phasing out coal boilers.
Japan's major automakers benefit from weak yen in fiscal 2021
Six of Japan's seven major automakers fared well on their consolidated bottom lines in fiscal 2021, benefiting from the yen's weakening, according to earnings reports.
Weak yen helps Honda’s annual profit but fails to lift outlook
While the weaker yen has long been considered a boon for Japan’s blue-chip exporters, it’s now starting to damage Japanese automakers as material costs inflate for importers.
Toyota posts record full-year net profit but issues cautious forecasts
The auto giant, which kept its crown as the world's top-selling carmaker in 2021, reported a net profit of ¥2.85 trillion, up 26.9% from the previous year.
Nissan investors seek momentum from likely swing back to profit
Analysts, on average, estimate Nissan will report an annual operating profit for the first time in three years.
China's hard line on COVID eats into everything from Teslas to tacos
In China's once-hot EV market, the recent turmoil is a stark example of a one-two economic punch, first to supply and then to demand.
Toyota exceeds annual sales goal with second-highest total
Toyota sold 903,031 vehicles in March, the automaker said Wednesday, bringing the total to 9.51 million units for the business year through March, its second-highest annual figure.
Nissan unveils new autonomous driving tech to help avoid accidents
The firm will work to improve the technology further with the aim of installing it to new vehicles from the mid-2020s and to almost all vehicles by 2030.
Renault exploring sale of Nissan stocks to fund EV shift, sources say
Nissan itself may be willing to buy some of the 1.83 billion shares in the Japanese automaker that Renault owns.
Tesla autopilot stirs U.S. alarm as ‘disaster waiting to happen’
Regulators are applying greater scrutiny to Tesla's driver-assistance system than ever before, which could tarnish the company's reputation with consumers and spook investors.
Toyota aims to rev up 67-year-old Crown with SUV model, sources say
The SUV — which will come in hybrid, plug-in hybrid and full-electric models — marks an attempt to bring the Crown more in line with market trends.
