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November 23, 2024
 

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CARMAKERS

Chinese EV-maker Nio’s Onvo L60 SUV is unveiled in Shanghai in May. As an EV powerhouse, China should share the fruits of its success with the rest of the world.
COMMENTARY / World
Jul 3, 2024
Easy solutions to EU-China tariff dispute
The EU should see the futility of tariffs on Chinese EVs, and China should not retaliate but instead share the fruits of its success in building up its auto sector.
Honda has already announced plans to buy back up to ¥300 billion of its shares during the current financial year, a move that could help absorb some of the impact from the sale.
BUSINESS / Companies
Jul 2, 2024
Major Japanese insurers to offload $3.1 billion of Honda shares, sources say
The sale of shares of a high-profile company is the latest sign that the unwinding of cross-shareholding is gaining pace in Japan.
Hyundai Wia robotic arms on the production line at the Kia plant in Gwangmyeong, South Korea, on Jan. 3
BUSINESS
Jul 1, 2024
How one of the world's strongest car unions is dealing with EV job losses
Hyundai Motor and Kia’s moves toward electrification are provoking anxiety in South Korea’s highly active and organized labor movement.
Toyota Customizing & Development, founded in April 2018 and 90.5% owned by Toyota, develops vehicles on behalf of the parent firm.
BUSINESS / Companies
Jun 30, 2024
Toyota unit violates subcontract law
The Fair Trade Commission will shortly recommend that TCD take steps to prevent a recurrence of similar misconduct, sources said.
Toyota has been looking to cash in on stakes in affiliates as it steps up development and production of battery-powered vehicles.
BUSINESS
Jun 27, 2024
Toyota and affiliates to offload some $1 billion in Aisin shares
Toyota Motor and two affiliates will divest at least 12.5% of supplier Aisin
Workers assemble second-generation R1 vehicles at electric carmaker Rivian's manufacturing facility in Normal, Illinois, on Friday.
BUSINESS / Companies
Jun 26, 2024
Volkswagen's $5 billion investment in Rivian boosts EV maker's shares
The investment will provide Rivian the funding necessary to develop its less expensive and smaller R2 SUVs, and help it turn cash-flow positive.
Shareholders at Toyota's annual general meeting, held in Toyota, Aichi Prefecture, on June 18
BUSINESS / Companies
Jun 26, 2024
Toyota chair's pay raised to $10 million despite safety probe
The total made Akio Toyoda the highest paid Japanese executive for a third straight year.
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.
Nissan's Hyper Force at the Beijing Auto Show in Beijing on May 3
BUSINESS / Companies
Jun 23, 2024
Nissan closes car plant in China
The closure on Friday came amid the rapid spread of electric vehicles in China, which has led to serious sales slumps for Japanese automakers.
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.
Honda CEO Toshihiro Mibe holds a news briefing at the Japan Mobility Show 2023 in Tokyo on Oct. 25.
BUSINESS / Companies
Jun 19, 2024
Honda CEO apologizes to shareholders for test fraud
Shareholders voted to approve a proposal to reappoint Toshihiro Mibe and other directors to Honda's board.
Inmates at the Sirindhorn Vocational Training School in Nakhon Pathom province in Thailand receive training on March 21 using an engine donated by Nissan.
JAPAN / Society
Jun 19, 2024
Japan-aided juvenile training facility in Thailand offers route away from crime
Support provided by Japanese firms to the Sirindhorn Vocational Training School includes the provision of training equipment.
Tuesday's shareholders meeting was held at the company’s headquarters in the city of Toyota, Aichi Prefecture.
BUSINESS / Companies
Jun 18, 2024
Shareholders deliver vote of confidence to Toyota and Toyoda
They stood their ground against the advice of the world’s most influential proxy advisory services urging them to reject Toyoda's reappointment to the board.
Chinese President Xi Jinping reviews the honor guard at the Great Hall of the People in Beijing last month. China is likely to adopt limited and targeted retaliation against the European Union after the bloc unveiled tariff increases on Chinese electric cars.
ASIA PACIFIC / Politics
Jun 14, 2024
China likely to retaliate in targeted ways after Europe raises levies on EVs
Beijing is expected to avoid an excessive response that encourages further trans-Atlantic alignment against China.
Shareholder approval of the $56 billion pay package serves as both an endorsement of Elon Musk's tenure and an acknowledgment that investors do not want to risk Tesla's future.
BUSINESS / Tech
Jun 14, 2024
Tesla's Musk wins shareholder approval for $56 billion pay package
The approval does not, however, resolve a lawsuit on the pay package in a Delaware court.
Honda unveiled small electric commercial van N-VAN e: on Thursday.
BUSINESS / Companies
Jun 13, 2024
Honda to start selling micro-sized electric vans in October
Honda is determined to pursue EVs despite a slowdown in global demand
A BYD Atto 3 electric SUV on the streets of Frankfurt, Germany, on Feb. 21, 2023
BUSINESS / Economy
Jun 13, 2024
EU hits Chinese EVs with tariffs, drawing rebuke from Beijing
The move comes less than a month after the U.S. announced plans to quadruple duties for Chinese EVs.
Transport ministry officials enter Mazda's headquarters in Fuchu, Hiroshima Prefecture, on Monday.
BUSINESS / Companies
Jun 10, 2024
Honda and Mazda headquarters inspected over vehicle test fraud
The transport ministry last week searched the head offices of Toyota, Yamaha and Suzuki.
Suzuki's eVX electric vehicle at the Japan Mobility Show in Tokyo last October
BUSINESS / Companies
Jun 7, 2024
Suzuki to stop making cars in Thailand to focus on EV shift
The 12-year-old plant in Thailand’s Rayong province, southeast of Bangkok, has an annual production capacity of 60,000 units.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Saitama court bans demonstrations over anti-Kurd hate speech
Kurdish people in Japan in 2015. A court injunction has banned acts that defame the Japan Kurdish Cultural Association and are disrespectful, such as putting up banner flags or handing out fliers with hate speech like “Refugees should go back to their home countries.”
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

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