Tag - cars

 
 

CARS

Demand for electric vehicles in Japan has long been sluggish, and the government this year changed how EV subsidies are calculated, reducing them for BYD and several of its rivals, raising concerns about protectionism.
BUSINESS / Companies / FOCUS
Sep 5, 2024
BYD's global expansion push runs into a stiff test in Japan
Demand for electric vehicles in Japan has long been sluggish, and the government this year changed how EV subsidies are calculated.
Uber is working with Royal Limousine and Times Mobility to conduct a trial to allow ordinary drivers to offer ride-hailing services even if they do not own vehicles.
JAPAN
Sep 4, 2024
Uber Japan tests use of car-sharing vehicles for ride-hailing services
The aim of the trial, which will run through Nov. 30, is to make it easier for drivers to get into the business.
Used cars are sold at high prices at a dealership in Nagoya as a surge in export demand has reduced supply on the domestic market.
BUSINESS / Companies / Regional voices: Chubu
Sep 2, 2024
Japanese businesses grapple with exchange rate swings
For the used car sector, the weaker yen has resulted in buyers being forced to pay higher prices due to increased export demand.
A Ferrari seized by the Tokyo Regional Taxation Bureau which will be put up for auction
JAPAN
Aug 23, 2024
Tokyo’s tax agency will auction off $390,000 Ferrari it seized
Other high-end items up for auction include luxury real estate and a rare bottle of Suntory Holdings' cult-favorite whisky Hibiki 30.
Taxis wait for fares outside the airport in Wuhan, China. Ride-hailing and taxi drivers are among the first workers globally to face the threat of job loss from artificial intelligence, experts say.
ASIA PACIFIC / Society
Aug 9, 2024
China's drivers worry as robotaxis pick up pace — and passengers
Automating jobs could benefit China in the long run given a shrinking population, economists said.
Nissan CEO Makoto Uchida (left) and Honda CEO Toshihiro Mibe hold a joint news conference in Tokyo last week.
BUSINESS / Companies
Aug 6, 2024
Separate software efforts by Japan's carmakers may jeopardize success
The government has set a goal of having Japanese companies account for 30% of the software-defined vehicle market worldwide by 2030.
Nissan CEO Makoto Uchida (left) and Honda CEO Toshihiro Mibe hold a joint news conference in Tokyo on Thursday.
BUSINESS / Companies
Aug 1, 2024
Honda and Nissan to tighten ties on software, batteries and EV knowhow
Honda and Nissan sales fell about 40% and 27%, respectively, in June alone in China following the shutdown of some of their local plants.
Toyota's hybrids are selling well in North America, making up for sluggish demand for its vehicles in Japan and China.
BUSINESS / Companies
Aug 1, 2024
Toyota quarterly profit rises 17% on year as weak yen drives U.S. demand
Despite ongoing turmoil from a government probe that found issues with vehicle certifications, analysts still project the carmaker will post a record profit this year.
Prime Minister Fumio Kishida rides on a self-driving bus in Taki, Mie Prefecture, on Wednesday.
JAPAN
Aug 1, 2024
Japan to allow driverless cars on 25 public roads by March 2025
Level 4 driverless vehicles will also be seen traveling under specific conditions on some 10 routes after going through a shortened screening process .
Formula E cars race during the Portland E-Prix in Oregon in June.
MORE SPORTS / Auto Racing
Aug 1, 2024
From race to road: Is Formula E fueling the future of green transport?
Formula E has helped hasten the development of technology for electric vehicles, making them easier to sell to consumers, but hurdles for EVs remain.
Toyota's global sales declined 4.7% in the first half of this year compared to the same period the year before.
BUSINESS / Companies
Jul 30, 2024
Toyota first-half sales fell even as hybrids and EVs gained in U.S.
Toyota’s global output — including that of subsidiaries Daihatsu Motor and Hino Motors — dropped 9.8% versus the first six months of 2023 to about 5 million units.
While traditional hybrid vehicles use gas to turn the wheels, a new crop of cars are burning it exclusively to charge a large onboard battery.
BUSINESS / Tech
Jul 28, 2024
A new wave of electric vehicles are ready to charge at 70 mph
But while fossil fuels may be a curious catalyst for sparking EV sales, the strategy is arguably far greener than it looks.
Men inspect an electric car at a showroom in Riyadh in June. Although the EV market in Saudi Arabia remains small compared with the United States and China, it tripled last year to nearly 800 cars.
BUSINESS / Tech
Jul 25, 2024
EV adoption gathers steam in fossil fuel-rich Saudi Arabia
The kingdom's EV market tripled last year to nearly 800 cars, according to Saudi business news outlet Al-Iqtisadiyah.
Honda will close a plant operated through its joint venture with Chinese state-owned automaker Guangzhou Automobile Group in October.
BUSINESS / Companies
Jul 25, 2024
Japan's Honda to close one China plant and halt production at another
The company's annual production capacity in China will shrink to 1.2 million vehicles from 1.49 million as a result of the stoppages.
People visit the Volkswagen booth at the Beijing International Automotive Exhibition, on April 25.
BUSINESS / Companies
Jul 24, 2024
Volkswagen is reeling in China. Can EVs help it grow in the U.S.?
Volkswagen CFO Arno Antlitz said the company expects to continue losing China market share and hopes to merely maintain its position in Europe.
The government will cover up to 50% of construction expenses for four takeoff and landing sites for flying cars, subject to a cap of ¥50 million ($313,500) per site.
JAPAN / Science & Health
Jun 25, 2024
Japan to subsidize construction of first vertiports for flying cars
Post-construction, the transport ministry will use operational and utilization data from the facilities to develop guidelines for the construction of future vertiports.
A BYD Seal electric sedan displayed in Tokyo on Tuesday
BUSINESS / Companies
Jun 25, 2024
BYD releases third EV in Japan as sales struggle to take off
Overall, BYD's sales in Japan fell 26% in April from a year earlier, and 28% in May.
The holding lot of the Shanghai Automotive Industrial Corporation-Volkswagen joint venture in Shanghai in April 2023. As the European Union moves to impose tariffs on Chinese cars, Germany, with an auto industry deeply enmeshed with China, is stuck in the middle.
BUSINESS
Jun 23, 2024
Germany hopes to head off a trade war with China
China’s EV exports threaten European automakers, but companies like Volkswagen have extensive operations in China and fear retaliatory actions by Beijing.
Nissan's Leaf electric vehicle, equipped with autonomous driving technology, during a test ride in the Yokohama Minato Mirai area in Yokohama in May
BUSINESS / Companies
Jun 21, 2024
Japan focuses on smart cars as automakers fall behind U.S. and China
While driving assistance technology and map navigation features are installed in Japanese cars, they lack more advanced features.
Tomohiro Fukuzawa, CEO of SkyDrive, shows a model of the firm's flying car during a news conference in February 2023.
BUSINESS / Companies
Jun 16, 2024
SkyDrive gives up commercial use of flying car at Osaka Expo
Three other Japanese companies — made by Japan Airlines, ANA Holdings and Marubeni — will also operate flying cars at the event.

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