Tag - carmakers

 
 

CARMAKERS

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.
Honda will provide a fleet of cars for athletes, officials and stakeholders, along with motorcycles, all-terrain vehicles and other multipurpose vehicles during the 2028 Olympic and Paralympic Games in Los Angeles.
BUSINESS / Companies
Jun 3, 2025
Honda joins 2028 Los Angeles Olympic Games as major partner
The carmaker will provide a fleet of cars for athletes, officials and stakeholders, along with motorcycles, all-terrain vehicles and other multipurpose vehicles during the event.
Toyota plans to start the production of the GR Corolla compact car at its Burnaston plant in Britain in 2026.
BUSINESS / Companies
Jun 1, 2025
Toyota to build GR Corolla in Britain from 2026
The automaker hopes to utilize the surplus production capacity of the plant, which is capable of producing 150,000 vehicles annually at present.
The Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China.
BUSINESS / Companies
May 31, 2025
Carmakers warn China's rare-earth curbs could halt production
Auto executives are sounding the alarm on an impending shortage of rare-earth magnets from China that could force the closure of factories within weeks.
Toyota's global sales reached 936,718 units in April, a 12% increase from a year earlier year and a record for the month.
BUSINESS / Companies
May 29, 2025
Toyota sales hit second monthly record on U.S. demand amid tariff rush
Toyota and Lexus brand sales jumped 10% in the U.S. last month thanks to steady demand and an influx in orders as duties on imported cars and parts kicked in.
An employee of Nissan Motor works on a Leaf electric car on an assembly line at its Oppama plant in Yokosuka, Kanagawa Prefecture.
BUSINESS
May 29, 2025
Factory that symbolized Nissan's rise may become victim of its decline
Nissan faces a mountain of debt repayment and is scrambling to upgrade its aging lineup of vehicles, but hasn't said which of its 17 plants will be closed.
Workers assemble a Nissan Juke at the production line at Nissan's factory in Sunderland, England, in November 2023.
BUSINESS / Companies
May 28, 2025
Nissan seeks to raise $7 billion with backing from U.K. government
The struggling automaker plans to issue debt and sell assets to raise funds for keeping its operations on track, according to internal documents.
A view of the construction site of BYD's electric vehicle factory at the Industrial Complex in the city of Camacari, in the state of Bahia, Brazil, on Jan. 9
BUSINESS / Companies
May 28, 2025
Brazil sues EV giant BYD over ‘slavery’ conditions at plant
Prosecutors said 220 Chinese workers were found in December in conditions "analogous to slavery” and described them as victims of human trafficking.
An employee of Kyowa Industrial walks next to the company's factory in Takasaki, Gunma Prefecture, in April.
BUSINESS / Companies
May 24, 2025
Tariff crossfire hits Toyota, Nissan and Ford suppliers in Japan
Thousands of small and midsize makers of auto parts in Japan, including suppliers for Toyota and Nissan, are facing a crisis as U.S. tariffs threaten their bottom lines.

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