Tag - carmakers

 
 

CARMAKERS

Makoto Uchida, CEO of Nissan, will step down from the post at the end of this month.
BUSINESS / Companies
Mar 11, 2025
Nissan CEO Makoto Uchida to step down
Current Chief Planning Officer Ivan Espinosa will be assuming the role starting in April in a bid to turn around the struggling Yokohama-based automaker.
Much of Nissan’s woes can be pinned on an aging lineup of outdated cars.
BUSINESS / Companies
Mar 11, 2025
Nissan focused on product development as it hunts for partner
Nissan wants to be directly involved in the development and rollout of new products, in a potential tie-up with a new business partner.
Trade minister Yoji Muto says his talks in Washington with U.S. officials didn’t result in any confirmation to exclude Tokyo from upcoming tariff measures.
BUSINESS / Economy
Mar 11, 2025
Japan's trade minister fails to win tariff exemption assurance from U.S.
New duties on car imports would deal a direct blow to the economy of Japan, which is already bracing for an indirect impact from tariffs the U.S. is imposing on other nations.
People walk past an agency building of the Chinese electric car brand BYD in Mexico City on March 3.
BUSINESS / Tech
Mar 10, 2025
Tesla is flailing in China and the rapid rise of BYD is to blame
Disappointing shipments in China have been blamed on a narrow and dated lineup, particularly in the face of up-to-date and more exciting offerings from BYD and others.
Toyota will suspend three lines at two plants in Aichi Prefecture on Monday.
BUSINESS / Companies
Mar 9, 2025
Explosion and fire lead Toyota to halt production at two plants in Aichi from Monday
The suspension is believed to be due to the effects of an explosion and fire accident at a plant of Chuo Spring, a Toyota affiliate, on Thursday.
U.S. President Donald Trump is exempting automakers from newly imposed tariffs on Mexico and Canada for one month, the White House said Wednesday, as a temporary reprieve following pleas from industry leaders.
BUSINESS / Economy
Mar 6, 2025
Trump’s tariff pause cheered globally and watched closely in Tokyo
The U.S. president is delaying 25% tariffs on cars from Mexico and Canada and might consider carve-outs for agricultural imports from those countries.
Multibillionaire and Trump adviser Elon Musk speaks via video link to an election campaign rally for the far right Alternative for Germany (AfD) party in Halle, Germany, on Jan. 26.
BUSINESS / Companies
Mar 5, 2025
Musk rallies the far right in Europe. Tesla is paying the price.
The multibillionaire's support for right-wing political parties could help boost his empire by cutting back regulations he thinks impede tech innovations.
Many Japanese companies are exporting more to the United States to get ahead of U.S. President Donald Trump's tariff threats.
BUSINESS / Companies
Mar 5, 2025
Japanese firms boost exports to U.S. to get ahead of tariffs
Overall, Japanese exports to the U.S. jumped 8.1% in January to ¥1.5 trillion ($10 billion), the highest for the month in at least 19 years.
John Bozzella, president of the International Organisation of Motor Vehicle Manufacturers (OICA), president and CEO of the United States-based Alliance for Automotive Innovation (Auto Innovators), speaks at the Paris Automotive Summit during the 2024 Paris Auto Show on Oct. 15, 2024.
BUSINESS / Markets
Mar 5, 2025
Automakers warn that Trump tariffs will hike vehicle prices as much as 25%
Many in the industry warn that the tariffs will disrupt the integrated supply chain across North America that has been in place for more than 25 years.
A man looks at an electric car inside an SAIC-GM Wuling dealership in Jakarta. Electric vehicle sales in Indonesia totaled just 43,188 last year.
BUSINESS / Tech
Mar 4, 2025
China’s EV makers are facing a reality check in Southeast Asia
Despite local aspirations to own EVs, they are still beyond the reach of many, and access to a reliable source of electricity is also not always a given.
A worker assembles electronic car keys at a manufacturing plant in Jalisco State, Mexico, on Feb. 20. The production of key fobs is an example of the benefits of the USMCA free trade agreement, which has simplified manufacturing and supply chains.
BUSINESS / Markets
Mar 3, 2025
The risks of Trump tariffs encapsulated in a car key
Electronic car keys are assembled in Mexico, but can cross borders in North America several times before being finished.
Global sales, including that of subsidiaries Daihatsu Motor and Hino Motors, rose 2% from a year ago to 846,744 units, a record for the month of January, Toyota Motor said Thursday.
BUSINESS / Companies
Feb 27, 2025
Toyota’s domestic sales rebound as it recovers from scandals
Despite unease in major markets and a dip in quarterly profit, Toyota raised its annual profit guidance for the fiscal year ending in March.
Nissan CEO Makoto Uchida concludes a news conference at the company's headquarters in Yokohama in February.
BUSINESS / Companies
Feb 27, 2025
Nissan management shake-up plans reported as sharks circle  
Nissan is considering a change in leadership following poor results and the failure of a proposed merger with Honda, according to a report citing unnamed sources.
Masanori Katayama (center), chairman of the Japan Automobile Manufacturers' Association, speaks during a meeting with trade and industry minister Yoji Muto at the ministry on Tuesday.
BUSINESS / Companies
Feb 26, 2025
Japanese auto industry seeks government help against U.S. tariffs
U.S. President Donald Trump said last week he wants to impose 25% tariffs on imports of autos as soon as April 2.
Toshihiro Suzuki (left), president of Suzuki Motor, and Hisashi Takeuchi, managing director of Maruti Suzuki India, during an event in New Delhi on Jan. 17
BUSINESS / Companies
Feb 25, 2025
Suzuki Motor unit opens first new India plant in eight years
India’s largest carmaker by sales had last opened a new factory in Gujarat, the home state of Prime Minister Narendra Modi, in 2017.
Toyota unveils a part of Woven City in Susono, Shizuoka Prefecture, on Saturday.
BUSINESS / Companies
Feb 24, 2025
Toyota unveils Woven City to test future mobility
The demonstration city includes roads dedicated to automated mobility on the ground and "logistics streets."
An electric vehicle factory in Rayong, Thailand. Asian countries are among the most vulnerable to President Donald Trump's economic grievances — but also well-placed to make deals to minimize their exposure.
BUSINESS / Markets
Feb 22, 2025
How Trump’s tariffs could reorder Asia trade and exclude the U.S.
Asian countries are among the most vulnerable to Trump's economic grievances — but also well-placed to make deals to minimize their exposure.
Nissan in recent weeks has been searching for a strategic partner in the tech industry, with some board members suggesting Tesla and Apple as ideal targets, the Financial Times reported.
BUSINESS / Companies
Feb 21, 2025
Japan seeks Tesla investment in Nissan as Foxconn approaches Honda
Taiwan's Foxconn has reportedly proposed forming a partnership with Honda, aiming for a framework that would also include Nissan and Mitsubishi Motors.
In its new medium-term business plan, Suzuki also included a goal to increase its sales to 8 trillion yen in the fiscal year beginning April 2030 from 5,374.2 billion yen in fiscal 2023.
BUSINESS / Companies
Feb 20, 2025
Suzuki targets operating profit of ¥800 billion in FY 2030
Suzuki will spend ¥4 trillion on research and development and capital investment over the six years to fiscal 2030.
Chief Cabinet Secretary Yoshimasa Hayashi said on Wednesday that the Japanese government has raised the issue of auto tariffs with the U.S. government, given the importance of Japan’s automobile industry.
BUSINESS / Economy
Feb 19, 2025
Japan raises auto tariff issue with U.S. as Trump threatens hike
The U.S. president's threat to impose a 25% levy on car imports would likely deliver a big blow to Japan’s economy.

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