Tag - carmakers

 
 

CARMAKERS

Workers walk to a Daihatsu factory in the town of Oyamazaki, Kyoto Prefecture, on Monday as the firm resumed production at the facility.
BUSINESS / Companies
Feb 12, 2024
Daihatsu resumes production of two models at Kyoto plant
The Toyota subsidiary hopes to restart gradually but its domestic vehicle production schedule remains unclear.
Monet Technologies' robotaxi service, partly designed to address serious shortages of taxi drivers, will use vehicles based on Toyota's Sienna minivan.
BUSINESS / Tech
Feb 11, 2024
Toyota affiliate to start Robotaxi service in Tokyo
The new robotaxi service, partly designed to address serious shortages of taxi drivers, will use vehicles based on Toyota's Sienna minivan.
Daihatsu President Soichiro Okudaira submits a report to transport minister Tetsuo Saito on measures the automaker will take to prevent a recurrence of safety testing fraud, on Friday in Tokyo.
BUSINESS / Companies
Feb 10, 2024
Daihatsu reports measures to prevent recurrence of testing fraud
"We want to implement recurrence prevention measures firmly and make the company capable of doing its job properly," the firm's president said.
Honda now projects an annual net profit of ¥960 billion ($6.45 billion), up ¥30 billion from the previous forecast.
BUSINESS / Companies
Feb 8, 2024
Honda and Nissan release robust earnings reports
Honda upgraded its annual profit forecast while rival Nissan said its net profit almost tripled year-on-year.
Workers install components on a RAV4 hybrid sport utility vehicle at the Toyota manufacturing plant in Georgetown, Kentucky.
BUSINESS / Companies
Feb 7, 2024
Toyota boosts spending on EV production in U.S. by $1.3 billion
The automaker said the added spending is earmarked for its first U.S.-made EV and other unspecified battery-powered models.
Toyota raised its annual net profit forecast to a record high ¥4.5 trillion in the year ending in March.
BUSINESS / Companies
Feb 6, 2024
Toyota raises annual net profit forecast as chip shortage eases
But scandals involving rigged engine and safety tests at subsidiaries led the firm to slightly revise down its sales target for the financial year.
Toyota's hybrid RAV4 Prime at an auto show in Los Angeles in 2019
BUSINESS
Feb 2, 2024
Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown
Toyota is expected to offer an upbeat outlook when it reports its earnings on Tuesday, helped by its heavy reliance on hybrids.
Toyota plans to shorten plant operating hours and review its product development plans, with tight schedules being partly blamed for the scandals involving group companies Daihatsu and Toyota Industries.
BUSINESS / Companies
Feb 2, 2024
Toyota to shorten plants' maximum operating hours
The 30-minute reduction is aimed at giving workers a more flexible schedule following a series of certification irregularities at its group companies.
After suffering a bruising loss this week in Delaware's Chancery Court that voided his $56 billion pay package, Musk said that Tesla would "move immediately to hold a shareholder vote to transfer state of incorporation to Texas."
BUSINESS / Companies / ANALYSIS
Feb 2, 2024
Shifting Tesla incorporation to Texas may not give Musk what he wants
Musk is not the first corporate leader to suffer a loss in a Delaware court and question the state's position on companies.
Honda's four-seater CiKoMa EV can travel at speeds of up to 20 kph.
BUSINESS / Companies
Feb 1, 2024
Honda to test automated EV and logistic robot in Ibaraki Prefecture
The four-seater EV, named CiKoMa, can travel at speeds of up to 20 kph.
Cars ready to be loaded onto a ship for export at the port in Yantai, in China's eastern Shandong province, on Jan. 2
BUSINESS / Economy
Jan 31, 2024
China seized Japan's crown for vehicle exports in 2023, data shows
The Chinese auto sector has boomed in recent years largely because of massive investments in electric cars, while Japanese firms have been more cautious.
Toyota Motor Chairman Akio Toyoda speaks during a news conference in Nagoya on Tuesday.
BUSINESS / Companies
Jan 30, 2024
World No. 1 but mired in scandal: Toyota sees mixed start to 2024
Despite the steady performance of its business, the carmaker has been shaken by wrongdoing at group firms, leading to an apology from the chairman.
Workers assemble vehicles at Toyota's Tsutsumi plant in Toyota, Aichi Prefecture.
BUSINESS / Companies
Jan 30, 2024
Toyota union eyes extra month's bonus in annual negotiations
Wage increases by Toyota and other carmakers will be seen as a bellwether for the rest of Japan's manufacturing sector and economy.
Toyota's Land Cruiser 300 SUV is among models subject to a halt in shipments after irregularities were found during certification tests for diesel engines.
BUSINESS / Companies
Jan 29, 2024
Toyota halts shipment of some vehicles over certification issues
A special investigative committee found irregularities during horsepower output testing for the certification of three diesel engine models.
Toyota's main Tokyo office on Wednesday
BUSINESS / Companies
Jan 26, 2024
Toyota union to demand record 2024 bonuses: report
With Toyota saying it expects to post record consolidated operating profits this financial year, the union is also likely to demand high pay hikes.
The engine of a Honda Clarity Fuel Cell vehicle is displayed during its unveiling in Tokyo in March 2016.
BUSINESS / Companies
Jan 26, 2024
Honda and GM fuel cell venture launches commercial production
Fuel cell technology offers the promise of replicating the hauling power and fast refueling of heavy diesel engines in ways batteries cannot match.
Carmaker Daihatsu recalled more than 320,000 vehicles and extended a factory shutdown on Wednesday.
BUSINESS / Companies
Jan 24, 2024
Daihatsu recalls 320,000 cars and extends factory halt
The Toyota-owned firm notified the transport ministry that it would recall a total of 322,700 vehicles of two models due to a door defect.
The market cap of Japan’s largest automaker reached ¥48.79 trillion ($330 billion) at the end of Tokyo stock trading on Tuesday, with Toyota shares having closed ¥9 higher at ¥2,991 after briefly reaching an all-time high of ¥3,034.
BUSINESS / Companies
Jan 24, 2024
Toyota’s market cap hits record high for a Japanese firm
Market participants are keeping a close eye on Japan’s top automaker amid expectations that it will post strong earnings.
Mitsubishi Motors will sell the newest iteration of the Triton pickup truck in Japan starting Feb. 15.
BUSINESS / Companies
Jan 21, 2024
Japan automakers tap foreign models to drive sales of outdoorsy cars
The popularity of SUVs and pickup trucks has been on the rise in Japan since even before the pandemic on the back of the increasing popularity of outdoor activities.
Honda’s sales in the United States soared 33% last year and the firm anticipates continued growth but at a more modest pace.
BUSINESS / Companies
Jan 19, 2024
Honda sees 2024 U.S. sales climbing 10% with boost from hybrids
Honda’s sales in the U.S. soared 33% last year to 1.3 million vehicles — with one-quarter of that total coming from hybrid models.

Longform

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