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May 18, 2024
 

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VEHICLES

A representative explains the features of the Afeela electric vehicle, a Honda-Sony Mobility concept car, at the CES 2024 trade show, in Las Vegas on Jan. 9. The Honda-Sony alliance plans to deliver its first EV model in the spring of 2026 in North America.
BUSINESS / Companies
May 16, 2024
Honda to double investment in electric vehicles and software
The automaker had planned to invest ¥5 trillion ($32.3 billion) for the 10 years through March 2031, but it now plans to spend ¥10 trillion by that point.
Tesla's charging network is widely viewed as a signature achievement for the EV maker and a key driver of its sales. Tesla Superchargers account for more than 60% of U.S. high-speed charging ports, federal statistics show.
BUSINESS / Companies
May 16, 2024
The inside story of Elon Musk’s mass firings of Tesla Supercharger staff
Former charging chief met Musk expecting the go-ahead for a massive expansion of the charging network, but ended up getting fired along with her 500-member team.
Strong sales of Prius hybrids are delivering a cash boost for Toyota to invest in fully-electric cars.
BUSINESS / Companies
May 16, 2024
Hybrids delivering cash chest for Toyota and Honda’s EV ambitions
With the shift to battery-electric vehicles clearly taking much longer than anticipated, consumers are voting for hybrids with their wallets.
U.S. President Joe Biden speaks about new actions to protect American workers and businesses from China's "unfair" trade practices, in the Rose Garden of the White House in Washington on Tuesday.
BUSINESS / Economy / ANALYSIS
May 15, 2024
Who’s toughest on China? Biden’s tariff tactic ups ante as election looms.
U.S. president is seen to be trying to "outtrump Trump" to appeal to voters who worry about geopolitical competition or hold anti-China sentiments.
Employees work on a production line at an automotive plant producing electric cars near Ningbo, China. The U.S. is set to announce new tariffs on Chinese electric vehicles and other goods as early as next week, according to people familiar with the matter.
BUSINESS
May 11, 2024
Biden set to hit China EVs and strategic sectors with tariffs
The decision, which could come as early as next week, represents one of Biden’s biggest moves in the economic race with China.
Panasonic Energy's operating profit for the past business year fell short of its forecast due to lower electric vehicle battery production in Japan.
BUSINESS / Companies
May 9, 2024
Panasonic's battery unit misses annual profit estimate
Panasonic Energy faces fierce competition from other Asian battery makers such as China's CATL and South Korea's LG Energy Solution.
Workers make pods for e-cigarettes on the production line at Kanger Tech, one of China's leading manufacturers of vaping products, on Sept. 24, 2019 in Shenzhen, China.
BUSINESS / Markets
May 9, 2024
China’s factory glut alarms the world, but there’s no quick fix
European Union leaders, who are threatening tariffs on electric cars, were the latest to scold China about overcapacity, but there are no plans to change.
Toyota said its group net profit in the fiscal year that ended in March nearly doubled from the previous year to hit a record high, due to robust sales of hybrid vehicles.
BUSINESS / Companies
May 8, 2024
Toyota posts record net profit on weak yen and strong hybrid sales
The carmaker saw a 31% jump in sales of hybrid vehicles, bringing the total to 3.7 million, while sales of purely electric cars were 116,500.
Stellantis premium brand Alfa Romeo reveals the Milano, its first fully electric car, during an event in Milan on April 10.
BUSINESS / Tech
May 7, 2024
EU election could force sharp turn in electric car policy
Europe's right-wing parties have made cancelling the 2035 deadline to phase out sales of internal combustion engine cars a rallying cry.
Automobiles charge at public electric vehicle charging stations in Paris on Feb. 14.
BUSINESS / Tech
May 6, 2024
France ramps up electric vehicle ambition as Xi arrives in Paris
The contract between the government, French business groups and unions aims for a fourfold increase in the sale of 100% EVs to 800,000 a year in 2027.
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week, according to a person familiar with the matter.
BUSINESS / Companies
May 1, 2024
Tesla axes most of supercharger team in blow to other automakers
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week.
Tesla CEO Elon Musk attends a conference in Paris last June.
BUSINESS / Companies
Apr 28, 2024
Tesla CEO Elon Musk kicks off surprise trip to Beijing
Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving software in China.
Canadian Prime Minister Justin Trudeau (left), Honda CEO Toshihiro Mibe (center) and Ontario Premier Doug Ford walk in the company's automotive assembly plant in Alliston, Ontario, on Thursday.
BUSINESS / Companies
Apr 26, 2024
Honda to spend $11 billion on electric vehicle strategy in Canada
The move is meant to tap long-term demand in North America and pushes the automaker toward having electrified cars account for 100% of sales by 2040.
Toyota's annual global sales topped 10 million units in 2023 for the first time.
BUSINESS / Companies
Apr 26, 2024
Toyota sets records for output and sales as scandals fail to dent demand
Global sales increased 5% from a year earlier to 11.1 million units, new data shows, exceeding 10 million for the first time.
With U.S. protectionism hindering Chinese electric vehicle makers' overseas expansions, Japanese giants like Honda are poised to capitalize.
COMMENTARY / Japan
Apr 24, 2024
Japan is poised to fill an EV gap left by China
A new Honda facility in Canada shows that Asia’s auto industry is ready to meet North American needs.
Tesla remains the dominant EV maker in the U.S. market, but its earnings have been under pressure for several quarters.
BUSINESS / Companies
Apr 24, 2024
Tesla speeding up release of cheaper cars after sales miss
The maker of electric vehicles plans to release more affordable models by the end of this year or in early next year.
Home electric vehicle chargers during the Montreal Electric Vehicle Show in Quebec, Canada, on Friday. Prime Minister Justin Trudeau is offering more tax breaks to automotive firms to put their electric vehicle factories in Canada.
BUSINESS / Companies
Apr 22, 2024
Honda nears deal with Canada to boost electric vehicle capacity
The auto sector is particularly important to Ontario, Canada’s largest province by population and home to assembly plants.
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing in May last year.
BUSINESS / Tech / ANALYSIS
Apr 22, 2024
Elon Musk’s robotaxi dreams plunge Tesla into chaos
The idea of creating an autonomous taxi service has been kicking around Tesla for at least eight years.
A gallery of cars at Nissan's headquarters in Yokohama. The carmaker revised downward its profit and sales forecasts for the fiscal year that ended in March.
BUSINESS / Companies
Apr 19, 2024
Nissan cuts sales and profit forecasts
The firm said the revision was made because of lower sales volumes and higher costs paid to suppliers, among other factors.
Tesla's troubles started in October when it warned that demand for EVs was starting to slow, but the full extent of that weakness only became apparent this month.
BUSINESS / Companies
Apr 17, 2024
Tesla’s value dips below $500 billion in blow to stock bulls
The electric vehicle maker's troubles started in October when it warned that demand for EVs was starting to slow.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
U.S. envoy to Japan makes landmark visit to front-line island near Taiwan
U.S. Ambassador to Japan Rahm Emanuel meets with members of the Self-Defense Forces stationed on Yonaguni, Okinawa Prefecture, on Friday.
Japan to review romanization system for first time in 70 years
An advisory panel to the education ministry will consider how the Japanese language should be transcribed into the Latin alphabet, including unifying different romanization styles currently in use.
Japanese billionaire sues Meta over investment scams using his image
Entrepreneurs Yusaku Maezawa (second from right) and Takafumi Horie (third from right) attend a study session on fake social media ads and investment scams at the Liberal Democratic Party headquarters in Tokyo on April 10.
Japan’s economy contracts as consumers and firms cut spending
Japan's gross domestic product shrank at an annualized pace of 2% in the three months through March.
Toshiba takes advantage of private status to chart new course
Toshiba announced on Thursday that it would cut up to 4,000 jobs as part of a restructuring plan.
Xi and Putin mark ‘new era’ amid efforts to counter U.S. ‘containment’
Russian President Vladimir Putin and Chinese President Xi Jinping attend an event in Beijing on Thursday. During Putin's visit, the leaders showed off their growing alignment amid efforts to push back against the U.S.-led world order.
Unraveling the Japanese prose of Yukio Mishima
Author Yukio Mishima accepts the Arts Festival Award in the drama category at the 20th Arts Festival Award Ceremony on Jan. 22, 1966.
New Taiwan president to set tone for ties with China at inauguration
Taiwan President-elect Lai Ching-te arrives at the CyberSec 2024 Exhibition in Taipei on Wednesday.
Japanese billionaire sues Meta over investment scams using his image
Entrepreneurs Yusaku Maezawa (second from right) and Takafumi Horie (third from right) attend a study session on fake social media ads and investment scams at the Liberal Democratic Party headquarters in Tokyo on April 10.

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