NEWSWORTHY
Already downgraded, Nissan's credit rating takes another hit
Nissan Motor Co.'s credit standing took another hit Monday as S&P Global Ratings placed the automaker's rating on negative watch after it issued a weaker profit outlook last week. There is a more than 1-in-3 chance of a further delay in Nissan's profit recovery, according ...
Toyota rebukes Trump for sending message that carmaker 'not welcomed' in U.S.
Toyota Motor Corp. rebuked U.S. President Donald Trump's declaration that imported cars threaten national security, signaling contentious talks are ahead for the White House and America's key trading partners. In an unusually strong-worded statement, Japan's largest automaker said Trump's proclamation Friday that the U.S. needs ...
Toyota considers offering self-driving technology to ride-hailing firms in Asia
Toyota Motor Corp. is considering offering autonomous driving technologies to ride-hailing firms, sources close to the matter said Thursday, in its latest push to become a company offering not only cars but also various mobility services. The automaker is planning to supply a new driverless ...
NHTSA scraps proposal to require car safety systems to prevent unintended acceleration
The U.S. government is withdrawing a proposal to require all passenger vehicles to have safety systems to prevent unintended acceleration. The government said Monday the rule isn't needed because the auto industry has installed systems voluntarily. The industry opposed the rule. It was proposed by the ...
Nissan pushes back on Renault's renewed efforts to merge
Nissan Motor Co. is opposing renewed efforts by alliance partner Renault SA to merge under a holding company because such a structure won't help turn it around, according to a source with knowledge of the discussions. Talks have been ongoing since Renault Chairman Jean-Dominique Senard ...
Japan auto association chief says outlook bleak amid U.S.-China trade spat
The head of the Japan Automobile Manufacturers Association said Monday that the outlook for the industry is cloudy due to "too many uncertainties" in the global economy amid the escalating trade fight between the United States and China. "It is true that protectionist ideas are ...
Honda Motor Co.'s N-Box minivehicle topped Japan's new-vehicle sales rankings for the 20th consecutive month in April, industry data showed Friday. The N-Box, however, saw sales fall 2.5 percent from a year before to 19,396 units. The top three in the listing were all minivehicles, with ...
Toyota and Panasonic to merge housing units and team up on 'smart town' business
The move by the leading carmaker and electronics manufacturer comes amid shrinking demand in the domestic housing market due to Japan’s declining population.
Toyota to boost eco-friendly car and engine output in China with investment topping $2.2 billion
Toyota Motor Corp. will invest over $2.2 billion (¥242 billion) in China to boost eco-friendly vehicle and engine production with a local partner to meet growing demand. Toyota plans to add 400,000 units to its annual production capacity for eco-friendly cars at GAC Toyota Motor ...
Toyota's annual sales top ¥30 trillion, a first for a Japanese firm
Toyota Motor Corp. became the first Japanese company to report annual sales topping ¥30 trillion, thanks in large part to brisk sales in China.
Toyota President Akio Toyoda to get honorary doctorate from U.S. college
Toyota Motor Corp. President Akio Toyoda will receive an honorary degree from Babson College in Massachusetts, his alma mater. The honorary degree will be presented May 18 when Toyoda, 63, will give a speech at a graduation ceremony at the U.S. private university, , informed ...
U.K. auto output to collapse on no-deal Brexit, industry body warns
Britain's car output under a no-deal Brexit could collapse to a level last seen in "the dark days of the 1980s," the nation's industry body forecast on Tuesday. The warning came as Jaguar Land Rover said its new Land Rover Defender model would be assembled ...
