Tag - carmakers

 
 

CARMAKERS

The Bank of Japan's tankan quarterly survey for December is expected to show slightly weaker business sentiment among both major manufacturers and nonmanufacturers.
BUSINESS / Economy
Dec 11, 2024
BOJ quarterly survey likely to show weaker business sentiment in Japan
A slowdown in foreign economies, especially those of China and Europe, and the growing trend to spend less amid inflation, are seen weighing on sentiment.
Makoto Uchida, President and CEO of Nissan, holds a press briefing at the Japan Mobility Show 2023 in Tokyo on Oct. 25, 2023. Uchida is under presser to deliver a turnaround and to keep his job at the troubled carmaker.
BUSINESS / Companies
Dec 8, 2024
Nissan boss Uchida races to save the automaker — and his job
Makoto Uchida is under pressure to reverse Nissan’s fortunes after years of turmoil following the 2018 arrest of former chairman Carlos Ghosn.
The United States was Japan’s biggest export destination in 2023 with cars and auto parts making up a third of shipments.
JAPAN / Politics
Dec 6, 2024
Japan eyes talks with Trump that include cutting auto tariffs
Analysts say close personal ties between Trump and late Prime Minister Shinzo Abe played a role in smoothing out trade and diplomatic relations.
The start of the Qatar Grand Prix on Sunday in Lusail, Qatar.
MORE SPORTS / Auto Racing
Dec 4, 2024
A 12th F1 team after Cadillac? Why not, says FIA president
Formula One has always had a provision for 12 in the rules but there was strong opposition from existing teams to going beyond 10 before a deal was reached.
Nissan Motor vehicles bound for shipment at the Nissan Oppama wharf in Yokosuka, Kanagawa Prefecture.
BUSINESS / Companies
Dec 3, 2024
Nissan is awash in outdated models as car buyers look elsewhere
While Japan’s other major carmakers take six months or more to ship a new vehicle, many of Nissan’s most popular models can be delivered within a month or two.
A sign at the entrance to the Vauxhall van factory in Luton, England, on Nov. 27. Stellantis plans to close the factory, and has made efforts to pin the blame on the government's mandate for more electric vehicle sales.
BUSINESS / Tech
Dec 2, 2024
The EV transition is leaving the U.K. auto industry behind
The country wants to be a leader in EVs but has lagged others in establishing the necessary plants and battery factories.
Although years have passed since the dramatic arrest and ouster of former Chairman Carlos Ghosn, Nissan remains mired in management upheaval.
BUSINESS / Companies
Dec 2, 2024
Nissan shares up after news that chief financial officer will step down
The stock gained as much as 1% in early morning trading, though the shares are still down almost 35% this year.
Carlos Tavares, Chief Executive Officer of Stellantis, speaks at the Paris Automotive Summit during the Paris Auto Show on Oct. 15.
BUSINESS / Companies
Dec 2, 2024
Stellantis CEO Tavares quits and hands over to interim committee
The company said in a statement that a new CEO will be named in the first half of 2025, with an interim committee headed by Chairman John Elkann taking the reins for now.
An outdated lineup, elevated spending on sales incentives and a lack of hybrids in North America has led Nissan to slash jobs and production.
BUSINESS / Companies
Nov 30, 2024
Nissan CFO set to step down as carmaker faces raft of challenges
The change follows an announcement last month that the company will eliminate 9,000 jobs and cut a fifth of its manufacturing capacity.
Sauber's Valtteri Bottas during a practice session for the Qatar Grand Prix. Audi will take over the Sauber team when it enters Formula One in 2026.
MORE SPORTS / Auto Racing
Nov 30, 2024
Audi's deal with Qatar deepens Formula One's Gulf ties
Four of the current 24 races are in the Middle East — more than the number held in the United States.
Toyota's global sales, including that of subsidiaries Daihatsu Motor and Hino Motors, rose 0.4% in October compared with last year, the first uptick in three months.
BUSINESS / Companies
Nov 28, 2024
Toyota’s sales and output plateau on downturn in Japan and China
The world’s biggest carmaker has seen sales and output fall throughout the year as Japanese carmakers struggle to compete in China.
Employees work on assembling vehicles at a SAIC Volkswagen plant in Urumqi, in China's Xinjiang Uyghur Autonomous Region, in September 2018.
BUSINESS / Companies
Nov 27, 2024
VW confirms plans to exit controversial Xinjiang operation
The decision to free itself from the plant comes as the firm is battling to boost flagging sales in China.
Trucks wait near the Zaragoza-Ysleta border crossing bridge to cross into the U.S., in Ciudad Juarez, Mexico, on Monday.
WORLD / Politics
Nov 27, 2024
Trump tariffs would harm all involved, U.S. trade partners say
Officials warn a trade war could erupt and damage economies, and seek talks with Trump after his surprise announcement of hefty tariffs on Mexico, Canada and China.
Former F1 world champion Mario Andretti will serve as a director on the board of a new General Motors Formula One team set to debut in 2026.
MORE SPORTS / Auto Racing
Nov 26, 2024
GM agrees deal to enter F1 with Cadillac in 2026
The firm said it had also registered with FIA as a power unit manufacturer to become a full works outfit by the end of the decade.
Workers install a battery for a new electric vehicle model at Mitsubishi Motor's factory in Kurashiki, Okayama Prefecture.
BUSINESS
Nov 23, 2024
Trump tariffs may target Japanese cars, economist says
The Moody's Analytics economist warned that this poses a huge risk to the Japanese economy.
Drivers claimed they experienced "phantom" activations of the systems at low overpasses, parking garages and railroad crossings, instead of when collisions might be imminent.
BUSINESS / Companies
Nov 23, 2024
Nissan persuades U.S. court to decertify brake defect class actions
The company was accused of selling cars with defective automatic emergency braking systems that caused vehicles to stop suddenly for no reason.
Nissan CEO Makoto Uchida
BUSINESS / Companies
Nov 22, 2024
Nissan’s overly ambitious goals fuel investor and supplier distrust
Nissan’s latest outlook downgrade has shined a light on the Japanese carmaker’s tendency to overpromise and underdeliver.
A Honda electric vehicle at the Beijing International Automotive Exhibition in April. Honda is investing ¥43 billion ($277 million) in an all-solid-state battery production line in Tochigi Prefecture.
BUSINESS / Tech
Nov 21, 2024
Honda hopes to double EV driving range with solid-state batteries
Such batteries will replace liquid-state lithium-ion batteries currently in use, Honda R&D chief Keiji Otsu says.
Nissan has warned that missing a British government target on electric vehicles would lead to significant fines for manufacturers.
BUSINESS / Companies
Nov 21, 2024
Nissan urges U.K. to ease EV targets amid weak demand
A British mandate requires at least 22% of an automaker's new car sales in 2024 to be purely EVs, or they face hefty fines.
Nissan Motor slashed its earnings outlook earlier this month and said it would cut 9,000 jobs and a fifth of its manufacturing capacity.
BUSINESS / Companies
Nov 21, 2024
Hedge fund Effissimo stirs speculation with its stake in Nissan Motor
News of the investment sent Nissan’s shares soaring 13% on Nov. 12.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.