Tag - carmakers

 
 

CARMAKERS

Japan Times
BUSINESS / Companies
May 29, 2020
Renault poised to announce 15,000 layoffs worldwide
The overall cuts would affect just under 10 percent of Renault's 180,000 global workforce.
Japan Times
BUSINESS / Companies
May 29, 2020
Japanese automakers' global output in April plunges 61% on year
Their output is likely to decline further except in China, where the economy is gradually recovering on the back of low new infection rates.
Japan Times
BUSINESS / Companies / Regional voices: Chubu
May 29, 2020
Toyota focuses on esports to boost fan base as motorsport shuts down
Technical advancements have enabled the carmaker to make use of virtual races in developing its vehicles.
Japan Times
BUSINESS / Companies
May 28, 2020
Nissan reports huge ¥671 billion loss and plan to close Barcelona plant
Nissan Motor Co. reported a ¥671 billion ($6.2 billion) net loss for the latest fiscal year and unveiled a plan to turn the carmaker around by eliminating about ¥300 billion in annual fixed costs, cutting capacity and reducing the number of vehicle models.
Japan Times
BUSINESS / Companies
May 28, 2020
Toyota's global output drops 50% in April on year due to virus outbreak
Toyota Motor Corp. said Thursday its global production plunged 50.8 percent in April from a year earlier, to 379,093 vehicles, as the novel coronavirus outbreak dented demand and suspended output around the world.
Japan Times
BUSINESS / Companies
May 27, 2020
Nissan and Renault unveil steps to cut costs and revamp alliance
Renault SA and Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. on Wednesday unveiled steps to standardize platforms further and push for more joint purchasing to reduce costs, with each company focusing on its strengths.
Japan Times
BUSINESS / Companies / FOCUS
May 25, 2020
Nissan-Renault-Mitsubishi ties more crucial than ever as pandemic rocks carmakers
Revising their strategies this week, the firms will at least have the opportunity to show progress in moving beyond last year's management paralysis.
Japan Times
BUSINESS / Companies
May 22, 2020
Nissan considering more than 20,000 job cuts as virus hits sales
Japan's third-largest automaker by volume is considering labor reduction in Europe and some emerging countries, sources said.
Japan Times
COMMENTARY / Japan
May 19, 2020
Toyota prepares to spend big, but is it smart to invest billions on the future?
The automaker could very well catch the future wave just right, or mistime it terribly.
Japan Times
BUSINESS / Companies
May 19, 2020
Subaru virus shutdown results in production loss of 150,000 vehicles
Subaru Corp.'s suspension in Japan and the United States in April due to the coronavirus pandemic resulted in an output loss of 150,000 vehicles, equivalent to around 15 percent of its annual global sales.
Japan Times
BUSINESS / Companies
May 15, 2020
Nissan to cut production capacity by 20% as coronavirus hits sales
Late last month, the automaker projected posting a group net loss of u00a585 billion to u00a595 billion.
Japan Times
BUSINESS
May 14, 2020
Mazda's net profit dropped 80% in fiscal 2019 as pandemic hit
The automaker withheld its earnings forecast for the current business year, citing uncertainties caused by the crisis.
Japan Times
BUSINESS / Companies
May 13, 2020
Virus forcing rethink of Japanese way of business at Toyota, CEO says
Changes in working style due to the pandemic may spur changes as companies are forced to re-examine long-entrenched business practices.
Japan Times
BUSINESS / Companies
May 12, 2020
Honda's 2019 group net profit down 25% due to pandemic
Honda Motor Co. said Tuesday its group net profit fell 25.3 percent to ¥455.75 billion ($4.24 billion) in the business year ended in March as the coronavirus pandemic dented global demand and forced a partial halt in production.
Japan Times
BUSINESS / Companies
May 12, 2020
Tesla's Elon Musk says ready for arrest as he reopens California plant against local order
His move has highlighted competition for jobs and ignited a rush to woo the billionaire by states that have reopened their economies more quickly.
Japan Times
BUSINESS
May 7, 2020
GM’s strong quarter sparks hope Barra can eke out a 2020 profit despite virus
General Motors Co. and its peers have been battening down the hatches as adverse economic conditions slam the auto industry. But after Chief Executive Officer Mary Barra announced a bigger-than-expected first-quarter profit, some are speculating the carmaker could post positive earnings for the full...
Japan Times
BUSINESS
May 5, 2020
Japan to help shift manufacturing to ASEAN from China after virus disrupts supply chains
Japan will launch a subsidy program to encourage domestic manufacturers to transfer their overseas production bases to Southeast Asia, as the coronavirus pandemic has greatly disrupted their supply chains heavily dependent on China.
Japan Times
BUSINESS
May 5, 2020
Nissan to retrench further in new plan to focus on U.S., Japan and China
The carmaker will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction.
Japan Times
BUSINESS / Companies
May 5, 2020
SUVs parked out at sea reveal scope of U.S. auto market glut
Even as ports struggle to cope with excess auto inventory, they're preparing for an even worse outcome — deliveries stopping altogether as the recession digs deeper.
Japan Times
BUSINESS
May 2, 2020
April new car sales sag 28.6% in Japan as coronavirus saps demand
It was the third-lowest showing for April since 1968, according to the Japan Automobile Dealers Association.

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