Tag - carmakers

 
 

CARMAKERS

Daihatsu saw its sales fall by about 60% in January amid a scandal over fraudulent testing.
BUSINESS
Mar 1, 2024
Japan auto sales down almost 20% in February
The decline reflected the effects of certification test scandals, with new vehicle sales at Daihatsu down roughly 80% and those at Toyota down about 30%.
The revamped BYD Atto 3 in Tokyo. A perceived resistance in Japan to battery EVs and foreign brands is seen as a major barrier for BYD.
BUSINESS / Companies
Mar 1, 2024
BYD bolsters Japan push with EV lineup and dealership network
The Chinese carmaker has sold less than 1,500 passenger cars in 2023 in the Japanese market, which is dominated by hybrids.
Nissan is planning an autonomous vehicle ride-share service for Japan with a 2027 launch date to address a lack of taxi drivers due to the nation’s aging population.
BUSINESS / Companies
Feb 28, 2024
Nissan plans 2027 driverless ride-share service for aging Japan
Nissan will trial the service in Yokohama's Minato Mirai area, with 20 vehicles equipped with a safety monitor in each driver’s seat.
A Honda CR-V e:FCEV on display at H2 & FC Expo in Tokyo on Wednesday
BUSINESS / Companies
Feb 28, 2024
Honda to sell plug-in hydrogen vehicle in North America, Japan
Japan's second-largest carmaker hopes to ease drivers’ anxiety over finding hydrogen stations by adding electric recharging capabilities.
Toyota's domestic sales for January fell for the first time in 13 months as a data-rigging scandal at its small-car unit Daihatsu led to a production halt of some Toyota brand cars the unit made.
BUSINESS / Companies
Feb 28, 2024
Toyota Group sales lose steam amid fallout from test data scandals
Domestic sales for January fell for the first time in 13 months while worldwide production fell 3.8%, the first global decline in 13 months.
Toyota Industries President Koichi Ito (right) receives an operation correction order from transport ministry director-general Hirohisa Tsuruta at the transport ministry in Tokyo on Thursday.
BUSINESS / Companies
Feb 22, 2024
Japan transport ministry punishes Toyota affiliate over data-rigging
Despite the corrective order, the ministry said that it has not found any misconduct that warrants revoking approval for Toyota's automobile engines.
Brooklyn-based startup HEVO is working with other firms to develop wireless EV charging systems.
BUSINESS / Tech
Feb 22, 2024
Wireless charging for electric cars is inching closer to reality
Major hurdles include slow charging speeds and the money and interest needed to build stations and get more carmakers on board.
Volkswagen ID.3 and Cupra Born electric cars on the production line at the company’s plant in Zwickau, Germany.
BUSINESS / Companies
Feb 21, 2024
Europe is being forced to reboot its car industry
Unless they can get strategies back on track, Europe’s automakers risk falling further behind China and Tesla
Mining magnate Dan Gertler in Congo in 2012
BUSINESS / Tech
Feb 20, 2024
China's dominance of EV metals prompts U.S. to revisit stockpile 'panic button'
Budget cuts have shrunk U.S. strategic reserves to record lows, leaving it facing shortages of the raw materials needed to execute an energy transition.
Shoppers walk past an ID Hub, a Volkswagen showroom for electric cars, at a mall in Shanghai on Dec. 3, 2023.
BUSINESS / Companies
Feb 19, 2024
Firms with deep roots in China reconsider their Xinjiang ties
Volkswagen Group is reviewing the future of its joint venture in the Xinjiang region of northwestern China
Nissan's Ariya electric crossover sport utility vehicle assembled by robots at the company's plant in Kaminokawa, Tochigi Prefecture
BUSINESS / Companies
Feb 19, 2024
Japan carmakers forge ahead with EV investments despite slowdown
Outside of Japan, signs of a scaling back are everywhere, with the exception of China.
Volkswagen has long come under scrutiny over its factory in Urumqi in Xinjiang, which opened in 2013.
BUSINESS / Companies
Feb 15, 2024
Pressure mounts on Volkswagen to exit China's Xinjiang region
The carmaker said it was discussing the future of its activities in the region, following fresh allegations of human rights abuses.
Labor unions at Toyota and other carmakers are seeking record pay increases in this year's spring wage negotiations.
BUSINESS / Companies
Feb 15, 2024
Major auto firm unions request record pay hikes ahead of annual talks
Whether major automakers fully accept unions' demands for a second consecutive year is set to be in focus after the prime minister called for wage hikes.
Masahiro Inoue, incoming chief executive officer of Daihatsu Motor, during a news conference in Tokyo on Tuesday
BUSINESS / Companies
Feb 13, 2024
Toyota replaces Daihatsu chief after safety scandal
Masahiro Inoue, the CEO of Toyota Latin America, will replace Soichiro Okudaira effective March 1.
The tail of a BYD electric vehicle sports the company’s motto, “build your dreams,” at a dealership in Shenzhen, China, on Jan. 29.
BUSINESS / Companies
Feb 12, 2024
How China built BYD, its Tesla killer
BYD’s sales, over 80% of them in China, passed Tesla in worldwide sales of fully electric cars late last year.
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.

Longform

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