Tag - carmakers

 
 

CARMAKERS

An employee at an auto parts maker in Ota, Gunma Prefecture. The automotive industries, which give fewer days off than other sectors do, are falling behind in the recruitment of new workers.
BUSINESS
Jan 19, 2025
Japan auto unions aiming to get five more days off in 2025
The number of nonworking days in the automotive industries has not increased in recent years and lags behind other sectors.
Hino Motors was charged with fraud in the U.S. District Court in Detroit for unlawfully selling 105,000 heavy-duty diesel engines in the United States from 2010 through 2022 that did not meet emissions standards.
BUSINESS / Companies
Jan 16, 2025
Hino Motors reaches $1.6 billion U.S. diesel emissions settlement
Hino said it booked an extraordinary loss of ¥230 billion in its second quarter results in October to cover the expected costs of resolving the litigation.
Suzuki Motor President Toshihiro Suzuki (right) listens to explanations on the use of cow feces as fuel for cooking in Gujarat, western India, on Dec. 25.
BUSINESS / Companies
Jan 15, 2025
Suzuki Motor eyes cow feces for biogas fuel in India
The automaker is exploring means other than electric vehicles for realizing carbon neutrality.
Toyota is one of many large employers in the U.S. ordering workers to their desks in recent months, ending policies implemented during the COVID pandemic.
BUSINESS / Companies
Jan 14, 2025
Toyota wants salaried staff back in office four days a week
Toyota denied the move is designed to reduce headcount but warned failure to comply could lead to "termination of employment.”
Volkswagen ID. Buzz electric vehicles are lined up at the company's plant in Hanover, Germany, on Dec. 17.
BUSINESS / Companies
Jan 9, 2025
Germany electric vehicle sales go into reverse
Just 380,609 EVs were registered in 2024 in Europe's largest auto market, 27.4% fewer than in the previous year.
The decrease in sales of imported foreign-brand vehicles in Japan in 2024 was apparently because of Houthis attacks on ships that disrupted commercial shipping and rising materials costs that sent vehicle prices higher.
BUSINESS / Economy
Jan 9, 2025
Japan sales of foreign-brand vehicles fall 8.5% in 2024
Sales of foreign-brand vehicles priced lower than ¥4 million plunged 28.6%, while sales of those priced between ¥4 million and less than ¥10 million dipped 2.2%.
Prototypes for Honda 0 Series EVs, set to launch in 2026, were revealed on Tuesday in Las Vegas.
BUSINESS / Companies
Jan 8, 2025
Honda showcases U.S.-made EVs as it considers slowing investments
The firm plans to introduce 30 new electric vehicles globally by 2030.
Nissan's Ariya electric crossover sport utility vehicle on the production line at the company's plant in Kaminokawa, Tochigi Prefecture
BUSINESS / Companies
Jan 7, 2025
Japan’s carmakers vow closer ties to regain ground in China
Japan’s automakers are united in their struggle to regain ground they’ve lost to the flashy offerings that have turned China into a global EV superpower.
Toyota Chairman Akio Toyoda talks about the firm's Woven City smart town during the 2025 CES event in Las Vegas on Monday.
BUSINESS / Companies
Jan 7, 2025
Toyota aims to open its futuristic city near Mount Fuji this year
The initial residents of Woven City will be composed mostly of the carmaker’s own employees and their families.
A Tesla showroom in Beijing in January 2024. In today's world, the car isn’t the biggest moneymaker for automakers; instead, it is the services attached to the connected vehicle.
COMMENTARY / World
Jan 7, 2025
China’s EVs may change the world in unimaginable ways
China has about 100 EV brands and they claim about 80% of the new electric vehicle market.
A 2024 Toyota Prius Prime during the 2024 New York International Auto Show in New York last March
BUSINESS / Companies
Jan 4, 2025
U.S. new car sales rose to five-year high in 2024, helped by hybrids
Sales continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles.
A Tesla Cybertruck
BUSINESS / Companies
Jan 3, 2025
Tesla annual deliveries fall for first time as incentives fail to drum up demand
CEO Elon Musk had earlier predicted "slight growth" in 2024 deliveries and offered a range of promotions including interest-free financing and free fast-charging to boost sales.
BYD electric vehicles outside one of the company's dealerships in Beijing
BUSINESS / Tech
Jan 2, 2025
BYD chalks up new record as it narrows EV sales gap with Tesla
China’s BYD enjoyed a year-end surge to push total sales to 4.25 million passenger cars last year, as the two seek to be the top-selling electric-vehicle maker of 2024.
Nissan CEO Makoto Uchida (left) and Honda CEO Toshihiro Mibe in a news conference in Tokyo on Dec. 23
BUSINESS / Companies
Dec 31, 2024
Honda likely to own majority of holding firm with Nissan
Nissan's faltering business performance could be a hurdle to the planned integration.
A Nissan dealership and a Honda dealership in Tokyo
BUSINESS / Companies
Dec 30, 2024
Nissan shares fall, pressured by Honda deal concerns
The stock fell as much as 6.7% on Monday in Tokyo. The carmaker’s shares had soared more than 60% since Dec. 17, a day before news of the deal broke.
A Toyota RAV4 at a car dealership in California on Dec. 18. U.S. President-elect Donald Trump's pledge to impose additional tariffs on imports has sparked concern among Japanese automakers with significant operations in Mexico.
BUSINESS / Companies / FOCUS
Dec 29, 2024
Trump tariffs spark concern among Japanese automakers
The pressing question now is how Japan will navigate and respond to the emerging order shaped by deepening global divisions.
A Nissan dealership and a Honda dealership in Tokyo. As the two firms negotiation a potential merger, Nomura Holdings is advising Honda, while Nissan has retained Mizuho Financial Group and Bank of America.
BUSINESS / Companies
Dec 28, 2024
Honda-Nissan deal sets up next fight for bankers in Japan M&A boom
At roughly $200 billion, the volume of transactions including mergers and acquisitions in the country is up 48% this year.
Osamu Suzuki, a former president of Suzuki Motor, in October 2016
BUSINESS / Companies
Dec 27, 2024
Osamu Suzuki, who ran Suzuki Motor for five decades, dies at 94
Suzuki is known for spearheading the carmaker’s entrance in the Indian market, starting manufacturing there in 1983.
Toyota's business is feeling the strain of intense competition over hybrid cars in the U.S. and locally made electric vehicles in China.
BUSINESS / Companies
Dec 25, 2024
Toyota sales stagnate as factory glitches compound weaker demand
Vehicle sales totaled 984,348 units last month, the Japanese automaker said Wednesday, down 0.2% year-on-year.
This is set to be the first time Toyota will donate to a U.S. inauguration ceremony.
BUSINESS / Companies
Dec 25, 2024
Toyota to donate $1 million to Trump’s inauguration ceremony
President-elect Trump says he plans to impose a 25% tariff on all imports from Mexico, triggering concerns from automakers that rely on Mexican production for the U.S. market.

Longform

Atsuyoshi Koike, the president and CEO of Rapidus, says there is a “sense of urgency” when it comes to Japan’s efforts in manufacturing semiconductors. “We have to make sure we are successful,” he says.
Atsuyoshi Koike’s big game: Fourth down and 2 nanometers to go