Tag - carmakers

 
 

CARMAKERS

Japan Times
BUSINESS
Mar 17, 2020
Now made in Mexico: Japan auto suppliers shift China production after virus shock
In the Chinese coastal province of Jiangsu, where supply chains have been severed by the coronavirus outbreak, one auto supplier has already shifted production of parts for Mazda Motor Corp. to a site 13,000 kilometers away, in central Mexico's Guanajuato state.
Japan Times
BUSINESS / Companies
Mar 4, 2020
Nissan faces more pain before gain as business hit further by coronavirus, new CEO says
CEO Makoto Uchida promised to unveil a turnaround plan in May, on top of cutting more than 12,500 jobs amid decade-low profits and management turmoil caused by Carlos Ghosn's 2018 arrest.
Japan Times
BUSINESS
Mar 3, 2020
Tesla barely registers in Japan, the world's third-largest auto market
For all of Elon Musk’s domination of the burgeoning electric vehicle business, Tesla Inc. is struggling to get traction in Japan, a market he put on a pedestal early in the automaker’s early days.
Japan Times
BUSINESS
Feb 28, 2020
Japanese automakers' output in China tumbles in January
Automobile production by major Japanese makers in China plunged in January from a year earlier, data from the companies showed Thursday.
Japan Times
BUSINESS
Feb 27, 2020
Autonomous driving startup Pony.ai raises $462 million in Toyota-led funding
Autonomous driving firm Pony.ai said it raised $462 million in its latest funding round, led by an investment by Toyota Motor Corp.
BUSINESS
Feb 25, 2020
Nissan warns about future of European plants as Brexit weighs
Nissan Motor Co. gave the starkest warning yet on the future of the Japanese group's car factories in Western Europe, with a plant in the U.K. threatened by Brexit and another in Spain suffering from a slump in demand.
Japan Times
BUSINESS
Feb 23, 2020
Germany's mighty carmakers watch with fear as 'golden age' fades
When Kristin and Thomas Schmitt took out a mortgage and bought a house last summer, the German couple's dream looked as if it was coming true. Two months later, they learned that the tire factory where both work would be shut down early next year.
Japan Times
BUSINESS
Feb 21, 2020
Nissan and Honda delay restart of China plants due to COVID-19
In compliance with local directives, Japanese automakers on Friday delayed the restart of plants in China near outbreaks of the new coronavirus COVID-19, raising the risk of further supply disruptions that could affect global car production.
Japan Times
BUSINESS / Companies
Feb 19, 2020
Moody's downgrades Renault to 'junk' status, capping disastrous year without Ghosn
Renault SA had its credit rating cut to junk by Moody's Investors Service after the French carmaker posted its first annual loss in a decade and indicated operating margins are set to shrink.
Japan Times
BUSINESS / Companies
Feb 18, 2020
Honda to reorganize development operations in bid to increase efficiency
Honda Motor Co. said Tuesday it will reorganize its vehicle development operations on April 1 in a bid to boost efficiency.
Japan Times
BUSINESS / Companies
Feb 18, 2020
Nissan CEO tells angry shareholders he is ready to be sacked if no turnaround
Nissan Motor Co.'s new chief executive said Tuesday he will accept being fired if he fails to turn around Japan's second-biggest automaker, which is grappling with plunging sales in the aftermath of the scandal surrounding former Chairman Carlos Ghosn.
Japan Times
BUSINESS
Feb 17, 2020
German court delays Tesla Berlin factory preparation amid environmental challenge
Elon Musk's plan to build an electric car plant in Germany has run into legal trouble after a court said clearing a forest near Berlin for a new Tesla Inc. factory must stop immediately while it considers a challenge by environmentalists.
Japan Times
BUSINESS
Feb 14, 2020
On heels of quarterly loss, Nissan again slashes full-year outlook amid economic uncertainties
After posting only its first third quarterly loss in 11 years, Nissan Motor Co. on Thursday again cut its annual profit forecast due to weak demand and economic uncertainties.
BUSINESS / Markets
Feb 14, 2020
After 59% returns, palladium rally endangered by massive drop in China car sales
A record 22 percent slump in China's January car sales is threatening to derail the rally in palladium, used to curb emissions from vehicles.
BUSINESS
Feb 13, 2020
Japanese firms struggle to restart China factories amid COVID-19 outbreak
Japanese manufacturers in China are facing challenges getting restarted after the extended Lunar New Year holiday because of restrictions on the movement of people and goods caused by COVID-19.
Japan Times
BUSINESS / Companies
Feb 12, 2020
Nissan sues Ghosn in Japan, seeks ¥10 billion in damages
Nissan Motor Co. is stepping up its pursuit of claims against former Chairman Carlos Ghosn, suing for ¥10 billion ($91 million) in damages from the former leader of the Japanese automaker and its alliance with Renault SA.
Japan Times
BUSINESS
Feb 11, 2020
Nissan to become first Japanese carmaker to halt domestic plant operations over coronavirus outbreak
Nissan Motor Co. plans to halt operations at a plant in southwestern Japan for two days this month due to disruptions to parts supplies from China amid the new coronavirus outbreak, sources have said, becoming the first Japanese automaker to halt domestic plant operations over the crisis.
Japan Times
JAPAN
Feb 11, 2020
Eyeing TV and film deals, Carlos Ghosn hires legendary agent Michael Ovitz
Few people in Hollywood are more familiar with entertainment negotiations than Ovitz, who has been one of the industry's most prominent deal-makers since the 1980s.
Japan Times
BUSINESS
Feb 11, 2020
Some Japanese manufacturers restart operations in China after coronavirus suspensions
Some Japanese manufacturers are resuming operations in China after suspensions caused by the new coronavirus outbreak, while others are putting off restarts due to concerns about supply chain conditions or the lack of available workers.
Japan Times
BUSINESS
Feb 11, 2020
Carlos Ghosn used Nissan-Mitsubishi venture to inflate pay, companies' lawyers allege
Carlos Ghosn, the fugitive former auto executive, used a joint venture between Nissan and Mitsubishi to inflate his pay, effectively clawing back a cut to his declared wages, and to cover a personal tax debt, lawyers for the companies said on Monday.

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