Tag - carmakers

 
 

CARMAKERS

Japan Times
BUSINESS / Companies
May 12, 2020
Tesla's Elon Musk says ready for arrest as he reopens California plant against local order
His move has highlighted competition for jobs and ignited a rush to woo the billionaire by states that have reopened their economies more quickly.
Japan Times
BUSINESS
May 7, 2020
GM’s strong quarter sparks hope Barra can eke out a 2020 profit despite virus
General Motors Co. and its peers have been battening down the hatches as adverse economic conditions slam the auto industry. But after Chief Executive Officer Mary Barra announced a bigger-than-expected first-quarter profit, some are speculating the carmaker could post positive earnings for the full...
Japan Times
BUSINESS
May 5, 2020
Nissan to retrench further in new plan to focus on U.S., Japan and China
The carmaker will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction.
Japan Times
BUSINESS / Companies
May 5, 2020
SUVs parked out at sea reveal scope of U.S. auto market glut
Even as ports struggle to cope with excess auto inventory, they're preparing for an even worse outcome — deliveries stopping altogether as the recession digs deeper.
Japan Times
BUSINESS / Companies
May 1, 2020
Nissan shakes off virus woes with April rebound in China, sources say
The data reinforces growing optimism that the world's biggest car market is stabilizing fast as businesses return to normal in China.
Japan Times
BUSINESS
May 1, 2020
Divided Detroit struggles to find path to making cars again
The safety measures that Ford Motor Co. has spent weeks preparing to resume North American production fell short of assuaging the United Auto Workers union, which could stand in the way of much of the industry’s plans to reopen.
Japan Times
BUSINESS / Companies
Apr 28, 2020
Nissan to slash May car production by 78% vs. last year
The automaker forecasts a dramatic drop in sales as the coronavirus pandemic adds to existing issues of declining sales and weak margins.
ASIA PACIFIC / Crime & Legal
Apr 25, 2020
Fugitive Carlos Ghosn promises new revelations in upcoming book
The Nissan executive-turned-fugitive who escaped Japan to avoid trial for financial crimes, promised new revelations into collusion between the carmaker, prosecutors and the government.
Japan Times
BUSINESS / Companies
Apr 23, 2020
Regional governor pledges support for Toyota suppliers as production dips
As Toyota prepares to nearly halve production at Japanese factories, a regional governor said Thursday he would offer ¥400 billion ($3.72 billion) in emergency loans for small and midsize companies including Toyota's suppliers.
Japan Times
BUSINESS / Companies
Apr 17, 2020
Toyota teams up with Nihon Kohden to boost ventilator production in Japan
Nihon Kohden Corp. has said it will ramp up ventilator production by working with Toyota Motor Corp. in order to prepare for the possible wider spread of COVID-19 in Japan, which has so far appeared to avoid the spikes in cases seen in the U.S. and Europe.
Japan Times
BUSINESS / Companies
Apr 14, 2020
Japan carmakers will recover fast with Honda buy rating, Goldman says
The coronavirus outbreak will reduce Japanese automakers’ combined operating profit by 38 percent this business year, but the manufacturers may rebound faster than they did after the global financial crisis more than a decade ago, according to analysts at Goldman Sachs Group.
Japan Times
BUSINESS / Companies
Apr 9, 2020
Japan carmakers cut off pay to 32,000 in North America
The bulk of the furloughs are at Honda and Nissan, while Toyota is mainly targeting its temporary staff for now.
Japan Times
BUSINESS
Apr 9, 2020
A car boom in Wuhan brings hope for post-lockdown recovery
If a stream of visitors to auto dealerships in the virus-hit city is any indication, the recovery of the car business in China and perhaps the world could be rapid.
Japan Times
BUSINESS / Companies
Apr 1, 2020
How Tesla fought to keep its U.S. plant open despite lockdown order
Tesla Inc.’s lone U.S. assembly plant posed a risk to public health by staying open for days in spite of San Francisco Bay area shelter-in-place orders, according to documents obtained through a California public records request.
Japan Times
BUSINESS / Companies
Mar 28, 2020
Toyota retools idled U.S. factories for face shield and mask production
Toyota Motor Corp.'s idled manufacturing facilities in the U.S. will make much-needed face shields and masks, and the auto giant is also closing in on deals with makers of medical devices to help them boost production.
BUSINESS
Mar 28, 2020
GM will pay $120 million over faulty ignition switches
General Motors Co. has agreed to a $120 million settlement over faulty ignition switches that allegedly caused cars to stall and air bags to deploy, in some cases triggering fatal accidents.
Japan Times
WORLD / Science & Health / FOCUS
Mar 23, 2020
Whatever it takes: Ventilator industry enlists army in battle to save coronavirus patients
On March 6, Gianluca Preziosa, the head of an Italian ventilator maker, received an urgent request. The Italian authorities wanted his help for an all-out effort to meet a desperate need for ventilators.
BUSINESS
Mar 21, 2020
Honda to expand telecommuting system in April to cover younger workers and increase flexibility
Honda Motor Co. plans to substantially expand telecommuting next month under a work-style reform initiative, it has been learned.
Japan Times
BUSINESS / Companies
Mar 20, 2020
Toyota logs first domestic coronavirus infection
Toyota Motor Corp. said a man at its Takaoka plant in Toyota, Aichi Prefecture, has tested positive for the coronavirus.
Japan Times
BUSINESS
Mar 19, 2020
Biggest factory shutdown since WWII cripples virus-hit U.S. and Europe
The economic impact of the growing coronavirus outbreak is shifting from service driven industries like hotels and restaurants to the manufacturing sector on both sides of the Atlantic, leading to a synchronized shutdown of heavy industry that historians and industry experts say is unlike any seen since...

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