Tesla demand picks up in Japan following aggressive price cut
With Japan’s government pushing to ban sales of gasoline-only cars by the mid-2030s, Tesla’s recent price cut is putting Japan’s automakers on notice for a potential price war.
Japan automakers' output falls 4.5% in January due to chip shortage
Only Toyota Motor Corp. and Nissan Motor Co. saw their production in the month climb from the previous year.
Tesla slips while Mazda rises in Consumer Reports' latest auto rankings
Vehicles made by the U.S. firm were less reliable than others, while Mazda outshone Porsche and Toyota was praised for its "slow, methodical” design approach.
Mazda expects chip shortage to cut February global output by 7,000 cars
Mazda Motor Corp. said Thursday its global production will be cut by 7,000 vehicles in February from its initial plan, as it will not be able to procure enough chips for key safety and environmental technology amid a global shortage. The automaker will review its ...
Japan auto sales plunged 11.5% last year in biggest drop since 2011
Sales saw the most extreme fall in nine years, according to data from industry bodies. Car demand usually grows toward April but uncertainty remains as COVID-19 cases surge.
U.S. and China demand pulls Japan’s carmakers back from the brink
With demand revived in crucial markets, Japanese auto giants have revised up their full-year profit forecasts or trimmed losses.
Mazda forecasts ¥90 billion net loss for full year as pandemic weakens demand
The automaker anticipates an ¥40 billion operating loss on sales of ¥2.85 trillion and has decided to ax dividends.
Japanese automakers' domestic output plunged 62% in May amid pandemic
The decline was worse than the previous record fall of 60.1 percent in April 2011, when a massive earthquake and tsunami struck northeastern Japan.
Mazda's net profit dropped 80% in fiscal 2019 as pandemic hit
The automaker withheld its earnings forecast for the current business year, citing uncertainties caused by the crisis.
Mazda seeks ¥300 billion in loans from domestic banks amid pandemic
Mazda Motor Corp. has asked for ¥300 billion ($2.8 billion) in loans from Japan's three mega-banks and other lenders, company sources said Saturday, as the coronavirus pandemic has damaged the automaker's sales and clouded the outlook for the auto industry. The virus outbreak has dragged ...
Japanese carmakers plan to put 20,000 on temporary leave with partial pay to deal with virus
Around 20,000 domestic workers at three of the nation's biggest carmakers will be put on temporary leave because of the output suspensions caused by the coronavirus pandemic, company sources say. Nissan Motor Co., Mitsubishi Motors Corp. and Mazda Motor Corp. have already made adjustments by ...
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. The bid to keep ...
