Tag - carmakers

 
 

CARMAKERS

A United Auto Workers (UAW) union member holds a sign to mark the beginning of contract negotiations in Sterling Heights, Michigan, in July.
BUSINESS / Economy
Sep 17, 2023
U.S. auto talks at 'critical phase' as political pressure grows
Workers at all Big Three automakers are coordinating for the first time, with demands such as a 40% pay increase over a four-year contract.
A woman walks past a showroom for Chinese electric vehicle maker XPeng in Beijing in February.
BUSINESS / Companies
Sep 16, 2023
Chinese EV makers pin hopes on Europe’s fading auto dealers
At the heart of their strategy is the traditional dealership model that European carmakers have been exiting in favor of direct sales.
A Solterra Subaru RZ450e electric vehicle is displayed during a Japan Automobile Manufacturers Association event on the sidelines of the Group of Seven leaders summit in Hiroshima in May.
BUSINESS / Companies
Sep 15, 2023
Subaru president close to deciding where to build EV plant in U.S.
While the current base of Indiana is a top candidate, the company is weighing locations based on the procurement of batteries and incentives from states.
Rachel Culin, a disenchanted Toyota owner, standing between her Toyota Prius and new Chevy Bolt at her home in Mesa, Arizona. The world’s largest carmaker dominates the sales of hybrid cars but has been slow to sell all-electric vehicles, alienating some customers and hurting sales.
BUSINESS / Companies
Sep 8, 2023
Toyota, a hybrid pioneer, struggles to master electric vehicles
The world’s largest carmaker dominates the sales of hybrid cars but has been slow to sell EVs, alienating some customers and hurting sales.
Wan Gang during the Munich Motor Show on Wednesday
BUSINESS / Tech
Sep 7, 2023
China’s EV strategy architect sees future for hydrogen vehicles
Fuel-cell vehicles will be key especially in China’s northwest, where distances between cities are long and electric-car adoption remains low, he said.
Employees work on the assembly line at an electric vehicle plant in Shanghai. Cutting salaries is illegal in China, but complex pay structures offer loopholes.
BUSINESS / Companies
Sep 5, 2023
China's auto workers bear brunt of price war as fallout widens
Cutting salaries is illegal in China, but complex pay structures offer ways around this.
Toyota's sales in China fell in July amid intense competition with local brands.
BUSINESS / Companies
Aug 30, 2023
Toyota output hits monthly record for July on robust demand
Worldwide sales, including for subsidiaries Daihatsu and Hino, rose 5.2% to 918,345 units.
A Toyota factory in Toyota, Aichi Prefecture, in 2015. A computer system processing orders for vehicle parts for the company broke down Tuesday, forcing the closure of 14 assembly plants in Japan.
BUSINESS / EXPLAINER
Aug 30, 2023
What happened to shut down Toyota's production in Japan?
Disruption shut down a system at the core of Toyota's lean manufacturing process.
An efficient, just-in-time strategy for manufacturing made Toyota’s production system famous.
COMMENTARY / Japan
Aug 30, 2023
Toyota shuts factories, investors shrug. That’s resilience.
An efficient, just-in-time strategy for manufacturing made Toyota’s production system famous.
The VinFast logo during an event in Los Angeles in November 2022
BUSINESS / Markets
Aug 30, 2023
VinFast’s world-beating gain evokes memory of $400 billion crash
The last time a similar stock rose from relative obscurity to the one the world’s largest companies, it didn’t end well for investors.
A VinFast electric car is parked outside a showroom in Hanoi on Aug. 18.
BUSINESS / Companies
Aug 29, 2023
EV maker VinFast now worth more than Goldman Sachs and Boeing
VinFast shares closed up 20% at $82.35 Monday, marking a blistering 688% since its market debut Aug. 15. It is currently worth about $190 billion.
Toyota Motor has suspended operations at a dozen factories in Japan due to a system failure.
BUSINESS / Companies
Aug 29, 2023
Toyota set to resume operations after glitch halts production
Tuesday's halt raised concerns that the stoppage could be due to a cyberattack, though the company said that was unlikely.
A 2023 Toyota Prius. Hybrids have accounted for less than 10% of total U.S. sales, with Toyota’s long-running Prius among the most popular models.
BUSINESS
Aug 28, 2023
Gas-electric hybrids get boost in the U.S. from Ford and others
Ford is the latest of several top automakers planning to build and sell hundreds of thousands of hybrid vehicles in the U.S. over the next five years.
A Mazda MX-30 at a dealership in the city of Hiroshima. The MX-30 is the only electric vehicle model Mazda currently sells in Japan.
BUSINESS / Companies / Regional Voices: Hiroshima
Aug 28, 2023
Mazda accelerates EV shift in China, reshaping ties with suppliers
Mazda’s sales in China in the year from April 2022 halved from the previous year to 84,000 units due to a thin lineup of EVs.
A worker cleans a Toyota Electric Vehicle bZ4X on display during the Gaikindo Indonesia International Auto Show in Tangerang, near Jakarta, Indonesia, last week.
BUSINESS / Companies
Aug 17, 2023
Japan automakers race to catch up with global EV competitors
There is a sense of crisis over a possible decline of Japan's auto industry if U.S., European and Chinese automakers continue to dominate the EV market.
The Vinfast booth at the 2022 New York International Auto Show in New York on April 14, 2022
BUSINESS / Companies
Aug 16, 2023
Vietnamese EV-maker Vinfast surges in U.S. trading debut
The company’s shares gained 255% on Tuesday in New York, giving it a market value above U.S. auto giants such as Ford Motor and General Motors.
Honda's electric vehicle e:NP2 is displayed at the Auto Shanghai show, in Shanghai in April. The recent weakening of the yen couldn't come at a better time for Japanese automakers, which are struggling in the Chinese market.
BUSINESS / Economy
Aug 14, 2023
Weak yen gives Japan automakers temporary relief from China pain
A weak yen has traditionally lifted profits for Japan's big exporters
India's Prime Minister Narendra Modi shakes hand with Tesla chief executive Elon Musk in New York on June 20, 2023.
BUSINESS
Aug 3, 2023
In India, it's advantage Tesla as Chinese automakers face heat
Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while China has been stopped cold.
Simon Humphries, head of design at Toyota, speaks during the world premier of the new Land Cruiser in Tokyo on Wednesday.
BUSINESS
Aug 2, 2023
Toyota’s iconic Land Cruiser returns to North America
The world’s biggest carmaker has unveiled three variations of one of its most enduring models, starting at around $50,000.
Toyota Motor Corp.’s quarterly profit exceeded estimates as improvements in the supply of semiconductors and a cheap yen helped the carmaker capitalize on a global rebound in demand for new vehicles.
BUSINESS / Companies
Aug 1, 2023
Toyota profit tops estimates, sticks to full-year forecasts
A post-pandemic surge allowed the automaker to boost production and sell a record number of vehicles in June.

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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