Tag - carmakers

 
 

CARMAKERS

U.S. President Donald Trump and SpaceX and Tesla CEO Elon Musk in Cape Canaveral, Florida, on May 30, 2020
BUSINESS / Companies
Aug 13, 2024
Musk scorns subsidies, but Tesla still lobbies for U.S. benefits
Despite Musk's gradual embrace of Trump, the company continues to lobby the U.S. and state governments for benefits championed by the Democratic Party.
Nissan CEO Makoto Uchida (left) and Honda CEO Toshihiro Mibe hold a joint news conference in Tokyo last week.
BUSINESS / Companies
Aug 6, 2024
Separate software efforts by Japan's carmakers may jeopardize success
The government has set a goal of having Japanese companies account for 30% of the software-defined vehicle market worldwide by 2030.
China always seems to be one step ahead of America in economic strategies, advancing in electric vehicle and battery production while the U.S. struggles to keep up with evolving trade and supply chain challenges.
COMMENTARY / World
Aug 2, 2024
West plays 'whack-a-mole' as China dominates EV and battery sectors
A more proactive, multilateral approach by the U.S. to supply chain and trade policy is necessary to counter China’s economic influence.
Nissan CEO Makoto Uchida (left) and Honda CEO Toshihiro Mibe shake hands prior to a joint news conference in Tokyo on Thursday.
BUSINESS / Companies
Aug 2, 2024
Honda-Nissan alliance completes Japan car industry consolidation
The carmakers' cozying up to one another follows Toyota acquiring stakes in Subaru, Suzuki and Mazda.
Nissan CEO Makoto Uchida (left) and Honda CEO Toshihiro Mibe hold a joint news conference in Tokyo on Thursday.
BUSINESS / Companies
Aug 1, 2024
Honda and Nissan to tighten ties on software, batteries and EV knowhow
Honda and Nissan sales fell about 40% and 27%, respectively, in June alone in China following the shutdown of some of their local plants.
Toyota's hybrids are selling well in North America, making up for sluggish demand for its vehicles in Japan and China.
BUSINESS / Companies
Aug 1, 2024
Toyota quarterly profit rises 17% on year as weak yen drives U.S. demand
Despite ongoing turmoil from a government probe that found issues with vehicle certifications, analysts still project the carmaker will post a record profit this year.
Formula E cars race during the Portland E-Prix in Oregon in June.
MORE SPORTS / Auto Racing
Aug 1, 2024
From race to road: Is Formula E fueling the future of green transport?
Formula E has helped hasten the development of technology for electric vehicles, making them easier to sell to consumers, but hurdles for EVs remain.
Toyota Motor has been issued a correction order for the first time.
BUSINESS / Companies
Jul 31, 2024
Toyota Motor receives correction order from transport ministry
The ministry found indications of additional misconduct, such as falsifying test results.
Japan's industrial production in June fell 3.6% from the previous month, reflecting plant suspensions at vehicle-makers including Toyota due to faulty vehicle certifications.
BUSINESS / Economy
Jul 31, 2024
Japan’s industrial output falls, clouding recovery outlook
The production of cars and auto parts drove the reading lower as an ongoing probe involving carmakers such as Toyota continues to disrupt output.
Toyota's global sales declined 4.7% in the first half of this year compared to the same period the year before.
BUSINESS / Companies
Jul 30, 2024
Toyota first-half sales fell even as hybrids and EVs gained in U.S.
Toyota’s global output — including that of subsidiaries Daihatsu Motor and Hino Motors — dropped 9.8% versus the first six months of 2023 to about 5 million units.
Shareholder backing for Toyota Motor Chairman Akio Toyoda slid to 72% at the company's annual general meeting last month.
BUSINESS / Companies
Jul 29, 2024
Toyota chairman warns he may lose board spot amid falling investor support
Akio Toyoda said he may not be reelected as a director if shareholder support for him continues to fall at the pace it did this year.
Workers install a battery for an electric vehicle at a Mitsubishi factory in Kurashiki, Okayama Prefecture, in May 2022.
BUSINESS / Companies
Jul 28, 2024
Mitsubishi Motors to join Honda-Nissan alliance, Nikkei reports
The push comes as Nissan, Japan's third-largest automaker, has been steadily losing market share in its two biggest markets: the United States and China.
While traditional hybrid vehicles use gas to turn the wheels, a new crop of cars are burning it exclusively to charge a large onboard battery.
BUSINESS / Tech
Jul 28, 2024
A new wave of electric vehicles are ready to charge at 70 mph
But while fossil fuels may be a curious catalyst for sparking EV sales, the strategy is arguably far greener than it looks.
Nissan initially had an early-mover advantage when it launched the Leaf in 2010, the first electric vehicle by a major global manufacturer, but the company recently has been unable to leverage its EV edge.
BUSINESS / Companies
Jul 26, 2024
Nissan's global production cuts imperil CEO’s recovery plan
Nissan’s disappointing results only add to the challenges facing CEO Makoto Uchida.
Nissan's operating profit for the April-June period totaled ¥995 million, compared with ¥128.6 billion in the same period a year earlier.
BUSINESS / Companies
Jul 25, 2024
Nissan shares hammered as Q1 profit wiped out by U.S. discounts
The automaker has cut its operating profit forecast for the financial year by 17% to ¥500 billion from ¥600 billion.
Honda will close a plant operated through its joint venture with Chinese state-owned automaker Guangzhou Automobile Group in October.
BUSINESS / Companies
Jul 25, 2024
Japan's Honda to close one China plant and halt production at another
The company's annual production capacity in China will shrink to 1.2 million vehicles from 1.49 million as a result of the stoppages.
People visit the Volkswagen booth at the Beijing International Automotive Exhibition, on April 25.
BUSINESS / Companies
Jul 24, 2024
Volkswagen is reeling in China. Can EVs help it grow in the U.S.?
Volkswagen CFO Arno Antlitz said the company expects to continue losing China market share and hopes to merely maintain its position in Europe.
People visit the Xpeng booth during the 20th Shanghai International Automobile Industry Exhibition on April 19, 2023.
BUSINESS / Tech
Jul 22, 2024
Volkswagen and Xpeng deepen software collaboration across EVs in China
Chinese electric vehicle maker Xpeng said that it has entered into a technical collaboration agreement with Volkswagen.
A Maruti Suzuki India showroom in New Delhi. Suzuki hopes to grab 50% share of the Indian market by 2030, targeting 15% of its sales in India to be electric vehicles by that time.
BUSINESS / Companies
Jul 22, 2024
Suzuki sees India’s automobile market growing fivefold by 2047
Promising growth in the electric vehicles segment is putting the South Asian country's car market on track to reach 20 million units by 2047.
Attendees inspect a Lamborghini Revuelto high performance electrified vehicle on the opening day of the Geneva International Motor Show Qatar 2023, in Doha on Oct. 6, 2023.
BUSINESS / Tech
Jul 22, 2024
In the world of luxury cars, hybrids are the sexiest new thing
Engineers insist the technology is as much about getting more performance out of existing combustion engines as it is about going green.

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Professional cleaner Hirofumi Sakurai takes a moment to appreciate some photographs in a Gotanda apartment whose occupant died alone. 
The last cleanup: Life and death in a lonely Japan