Japan's FSA to cut automobile liability insurance premiums

Business Jan 16, 2020

Japan's FSA to cut automobile liability insurance premiums

The Financial Services Agency decided Thursday to reduce compulsory automobile liability insurance premiums from April. The move reflects the improved finances of the insurance program as wider use of vehicle safety devices such as automatic braking systems contribute to a decline in the number of ...

800  custom race cars displayed at event in Chiba Prefecture

Business Jan 11, 2020

800 custom race cars displayed at event in Chiba Prefecture

Automakers and auto parts manufacturers from Japan and abroad displayed some 800 custom and race cars at an auto show near Tokyo on Saturday. At the Tokyo Auto Salon 2020 in at Makuhari Messe in Chiba Prefecture, which opened to the public for a two-day ...

Sony unveils electric car equipped with autonomous driving tech

Business / Tech Jan 7, 2020

Sony unveils electric car equipped with autonomous driving tech

Sony Corp. has unveiled the first prototype of an electric vehicle equipped with autonomous driving technology under its new Vision-S initiative. The concept car, introduced Monday by Sony President and CEO Kenichiro Yoshida at a media preview ahead of the annual CES consumer electronics trade ...

New car sales in 2019 fell on natural disasters and tax hike

Business Jan 6, 2020

New car sales in 2019 fell on natural disasters and tax hike

New car sales fell 1.5 percent to 5.2 million units in 2019, the first decline in three years, thanks to sluggish demand following a series of natural disasters and the consumption tax hike. Sales excluding those of minicars dropped 1.9 percent for the second straight ...

Toyota's 2020 forecast edges it closer to Volkswagen

Business / Corporate Dec 17, 2019

Toyota's 2020 forecast edges it closer to Volkswagen

Toyota Motor Corp. said Tuesday its group plans to sell 10.77 million vehicles worldwide in 2020, slightly up from 10.72 million vehicles estimated for this year, nudging it closer to No. 1 automaker Volkswagen AG. The figure would mark an all-time high for the fourth ...

China car market heads for unprecedented second annual drop

Business Dec 10, 2019

China car market heads for unprecedented second annual drop

Car sales in China continued to decline in November, extending a historic slump and all but ensuring a second straight annual drop for the world's biggest auto market. Sales of sedans, sport utility vehicles, minivans and multipurpose vehicles fell 4.2 percent from a year earlier ...