Tag - carmakers

 
 

CARMAKERS

Japan’s trade surplus with the U.S. last year stood at ¥8.6 trillion ($59.3 billion). Roughly 82% of the gap was due to Japan’s surplus in cars and auto parts.
BUSINESS / Economy
Jun 19, 2025
U.S. focus on auto trade gap is sticking point for Japan deal
Prime Minister Shigeru Ishiba briefed CDP leader Yoshihiko Noda and others about the latest developments in the bilateral trade negotiations.
KG Motors CEO Kazunari Kusunoki with the ultra compact electric vehicle Mibot
BUSINESS
Jun 19, 2025
This $7,000 single-seat electric car has become a hit in Japan
In the rural suburbs of Hiroshima, a Japanese startup is trying to kick-start the nation’s electric vehicle market with the smallest, cheapest car it can possibly make.
Mitsubishi Motors is raising prices on some of its models, including the gasoline version of Outlander Sport sold in the U.S. market.
BUSINESS / Companies
Jun 18, 2025
Mitsubishi Motors raises U.S. prices as tariffs roil carmakers
The new prices will affect vehicles delivered after Wednesday and won’t be applied to cars currently on display in showrooms.
Honda's experimental reusable rocket during a launching and landing test
BUSINESS / Companies
Jun 18, 2025
Honda hails successful test of reusable rocket
Japan's second-biggest carmaker has successfully tested an experimental reusable rocket as it seeks to expand into the space sector.
The all-electric Nissan Leaf has sold almost 700,000 units since it was originally released in 2010, making the Japanese carmaker an EV pioneer.
BUSINESS / Companies
Jun 17, 2025
The world’s first mass market electric car is getting a facelift
Nissan Motor's push to breathe new life into its lineup will see the debut of an updated version of the Leaf.
Renault CEO Luca de Meo delivers a speech during a Renault-Nissan-Mitsubishi news conference to present updates for the automotive alliance in Boulogne-Billancourt, on Dec. 6, 2023. De Meo, who is leaving Renault, is reportedly taking on the CEO job at luxury group Kering.
BUSINESS / Companies
Jun 16, 2025
Outgoing Renault boss de Meo set for CEO job at Gucci owner Kering: report
Such a move would mark a dramatic change at the luxury group, which has struggled to reinvigorate its top brand after the COVID-19 pandemic.
Toyota Motor Chairman Akio Toyoda’s reelection garnered almost 97% of voted shares during the carmaker’s annual meeting, the company said in a statement Friday.
BUSINESS / Companies
Jun 13, 2025
Toyota chair reclaims support after scandals that hurt last vote
The rebound in Toyoda’s popularity suggest tacit shareholder approval of how he handled the certification issues.
Japan’s top trade negotiator Ryosei Akazawa speaks to reporters Friday at Haneda Airport in Tokyo before heading to Washington.
BUSINESS
Jun 13, 2025
Akazawa sees a deal with U.S. sparing Japan from higher car levies
Akazawa heads to the U.S. as the two nations eye a potential trade deal out of an expected summit in Canada between Trump and Prime Minister Shigeru Ishiba.
Shareholders passed a motion to reappoint Chairman Akio Toyoda during Toyota Motor's general shareholders' meeting on Thursday.
BUSINESS / Companies
Jun 12, 2025
No mention of buyout as Toyota shareholders reappoint Chairman Akio Toyoda
Questions about the privatization of Toyota Industries and Toyoda’s role in it never came up, in stark contrast to earlier this week at Toyota Industries’ annual meeting.
The logo of South Korea's biggest automaker company, Hyundai Motor, is pictured in Pyeongtaek, South Korea, on April 15.
BUSINESS / Companies
Jun 11, 2025
Hyundai Motor has a rare earths stockpile that can last about a year, source says
The stockpiling indicates Hyundai is better-placed than many competitors to withstand restrictions that have already impacted production for many companies.
A Mitsubishi Fuso Truck and Bus eCanter electric truck. The merger between Toyota Motor and Daimler Truck comes as the commercial vehicle industry faces mounting pressure to adapt as electrification, autonomous driving and emissions compliance reshape global transport.
BUSINESS / Companies
Jun 11, 2025
Toyota and Daimler finalize plan to merge truck units in 2026
The tie-up comes amid a mutual desire to boost margins and develop new technologies.
A worker cleans the floor next of a BYD dealership in Sandton, South Africa, on June 5.
BUSINESS / Tech / FOCUS
Jun 10, 2025
Why China's auto and tech giants threaten Tesla’s self-driving future
More Chinese auto and tech companies are offering affordable electric vehicles with advanced technology for a relative pittance.
A ¥4.7 trillion ($32.4 billion) buyout bid by an entity led by Toyota Motor Chairman Akio Toyoda wasn’t formally on the agenda, but it overshadowed Toyota Industries' annual meeting on Tuesday as shareholders aired their grievances and sought clarity about the proposal.
BUSINESS / Companies
Jun 10, 2025
Toyota Industries shareholders question buyout at annual meeting
The Toyota group’s plan to privatize Toyota Industries has drawn sharp criticism from investors and analysts since it was announced a week ago.
The BYD Han full-size luxury sedan. EV industry analysts say a combination of weaker demand and extreme overcapacity will slice into profits at the strongest brands and force feebler competitors to fold.
BUSINESS / Tech
Jun 9, 2025
BYD unleashes an EV industry reckoning that alarms Beijing
The price war engulfing China’s electric vehicle industry has sent share prices tumbling and prompted an unusual level of intervention from Beijing. The shakeout may just be getting started.
Ryosei Akazawa, Japan’s chief tariff negotiator, and U.S. Commerce Secretary Howard Lutnick held a 110-minute meeting on Thursday.
BUSINESS / Economy
Jun 6, 2025
In tariff talks with the U.S., Japan may have blinked
Tokyo is backing off from its insistence that all new tariffs be removed, according to a Friday report by the Asahi Shimbun.
Tesla’s shares dropped 14% on Thursday in New York, erasing about $150 billion from the electric vehicle maker’s market value.
BUSINESS / Markets
Jun 6, 2025
Tesla plunges after conflict between Musk and Trump spills into open
The electric vehicle maker's shares dropped 14% on Thursday in New York, the stock’s biggest decline since March 10.
A Mercedes-Benz production line in Rastatt, Germany, earlier this month. European auto suppliers alone have filed hundreds of requests to China for rare earths since early April, with only about a quarter granted.
BUSINESS / Economy
Jun 6, 2025
The world's auto supply chain is in the hands of a few Chinese bureaucrats
China holds a near-monopoly on rare earth magnets — a crucial component in EV motors — and it added them to an export control list in April.
Akio Toyoda’s involvement in the $33 billion buyout of Toyota Industries signals a potential corporate comeback, and that’s a good thing despite criticism.
COMMENTARY / Japan
Jun 4, 2025
For Toyota, more Akio Toyoda would be a good thing
This opposition is nonsensical. Akio turned Toyota into the biggest automaker in the world during a period of intense industry change.
Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China in 2010.
BUSINESS / Markets
Jun 4, 2025
Global alarms rise as China's critical mineral export curbs take hold
China has a stranglehold on minerals crucial for sectors ranging from aerospace to semiconductors.
Toyota group companies could establish a new holding company to privatize Toyota Industries.
BUSINESS / Companies
Jun 3, 2025
Toyota Industries receives $33 billion buyout offer from group companies
The deal would be in line with government efforts to encourage big companies to unwind cross-held shares with subsidiaries and other businesses.

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