Tag - carmakers

 
 

CARMAKERS

Toyota only lifted prices on some models by a few hundred dollars in the U.S. market in the wake of U.S. President Donald Trump’s tariffs.
BUSINESS / Companies
Jul 3, 2025
Japan’s carmakers absorbing tariffs may bolster Trump's position
Just three of Japan’s six major automakers have raised prices in the U.S., and only Subaru’s hike has come close to the 25% tariff imposed on imported vehicles.
A 2024 Toyota Grand Highlander at the Chicago Auto Show in 2023. Last month, Toyota sold 11,577 Grand Highlander SUVs, which its head of brand sales in the U.S. said was the "fastest-turning product in the lineup.”
BUSINESS / Companies
Jul 2, 2025
Toyota delays EV plans to boost gas-fueled SUV output
The postponement comes amid softening demand for EVs in the U.S.
The Bank of Japan's latest <i>tankan</i> survey beat consensus forecasts as the economy held up better than expected.
BUSINESS / Economy
Jul 1, 2025
Large Japanese companies surprisingly optimistic as U.S. tariffs bite 
In the tankan survey, automakers and smaller companies were relatively pessimistic.
Nissan will begin talks this week to seek job cuts at its Sunderland plant in Britain.
BUSINESS
Jun 30, 2025
Nissan says it will seek voluntary job cuts at U.K. plant
Nissan said the move was aimed at increasing the efficiency of the Sunderland plant in northeastern England to make it a "leaner, more flexible" operation.
Toyota’s global sales that include subsidiaries Daihatsu and Hino reached 955,532 vehicles last month, up 8% from a year earlier.
BUSINESS / Companies
Jun 27, 2025
Toyota sales hit third monthly record on Japan and U.S. demand
Toyota’s global sales — including subsidiaries Daihatsu and Hino — rose 8% from a year earlier to reach 955,532 vehicles in May.
The Xiaomi YU7 electric SUV
BUSINESS / Tech
Jun 26, 2025
China’s Xiaomi to launch first SUV as shares near record high
Now valued at $187 billion, Xiaomi is worth more than Chinese EV leader BYD as it grows its footprint in the world’s largest car market.
Japanese automakers make 3.3 million cars in the U.S. a year, far more than the 1.37 million that they ship there, Japan's chief trade negotiator Ryosei Akazawa says.
BUSINESS / Economy
Jun 26, 2025
Japan can’t accept 25% car tariffs, Akazawa reiterates
Japanese automakers make roughly 3.3 million cars in the U.S. a year, far more than the 1.37 million that they ship there, the negotiator said.
"I am confident that we have what we need to rebuild our company," said Nissan CEO Ivan Espinosa at its headquarters in Yokohama on Tuesday.
BUSINESS / Companies
Jun 24, 2025
Investors grill new Nissan CEO over job cuts, losses and mounting debt
"We understand your frustration,” Espinosa told stakeholders. "It will not be easy to deliver. But I am confident that we have what we need to rebuild our company.”
An electric motor, jointly developed by Honda and Daido Steel, for hybrid cars that uses no heavy rare earth metals  is displayed at an unveiling in Tokyo in July 2016.
BUSINESS / Companies
Jun 23, 2025
Honda supplier rethinks China relationship as trade war bites
For Daido Steel, the trade war has meant renewing a push to build rare earth supply routes outside of China.
Lexus GX 550 SUV is displayed at the New York International Auto Show in New York in March last year.
BUSINESS / Companies
Jun 21, 2025
Toyota to raise U.S. auto prices by more than $200 from July
Some Toyota- and Lexus-branded models will see their prices raised by an average of $270 and $208, respectively.
Toyota has filed a lawsuit in a South African court over 2022 flood damages that shuttered its plant near Durban.
BUSINESS
Jun 20, 2025
Toyota insurer files $361 million South Africa flood damage lawsuit
The claim alleges that by failing to maintain waterways and drainage systems that carried the floodwater, the defendants shared responsibility for the damage.
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.

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