Tag - carmakers

 
 

CARMAKERS

Japan Times
BUSINESS / Companies
May 1, 2020
Nissan shakes off virus woes with April rebound in China, sources say
The data reinforces growing optimism that the world's biggest car market is stabilizing fast as businesses return to normal in China.
Japan Times
BUSINESS
May 1, 2020
Divided Detroit struggles to find path to making cars again
The safety measures that Ford Motor Co. has spent weeks preparing to resume North American production fell short of assuaging the United Auto Workers union, which could stand in the way of much of the industry’s plans to reopen.
Japan Times
BUSINESS / Companies
Apr 28, 2020
Nissan expects fiscal 2019 net loss due to coronavirus impact
Nissan will delay the release of its full-year earnings results to May 28 from the middle of May.
Japan Times
BUSINESS / Companies
Apr 28, 2020
Nissan to slash May car production by 78% vs. last year
The automaker forecasts a dramatic drop in sales as the coronavirus pandemic adds to existing issues of declining sales and weak margins.
Japan Times
ASIA PACIFIC / Crime & Legal
Apr 25, 2020
Fugitive Carlos Ghosn promises new revelations in upcoming book
The Nissan executive-turned-fugitive who escaped Japan to avoid trial for financial crimes, promised new revelations into collusion between the carmaker, prosecutors and the government.
Japan Times
BUSINESS / Companies
Apr 24, 2020
Toyota to resume production in North America in May
Toyota Motor Corp. said Thursday it plans to resume auto production in North America next month, after halting operations in March due to a slump in sales amid the COVID-19 pandemic.
Japan Times
BUSINESS / Companies
Apr 23, 2020
Regional governor pledges support for Toyota suppliers as production dips
As Toyota prepares to nearly halve production at Japanese factories, a regional governor said Thursday he would offer ¥400 billion ($3.72 billion) in emergency loans for small and midsize companies including Toyota's suppliers.
Japan Times
BUSINESS / Companies
Apr 22, 2020
Honda to halt output at two domestic plants as virus affects parts supply
Honda Motor Co. will briefly halt production at two plants in Saitama Prefecture due to a disruption in the supply of parts amid the coronavirus outbreak, the automaker said earlier this week.
Japan Times
BUSINESS / Companies
Apr 17, 2020
Toyota teams up with Nihon Kohden to boost ventilator production in Japan
Nihon Kohden Corp. has said it will ramp up ventilator production by working with Toyota Motor Corp. in order to prepare for the possible wider spread of COVID-19 in Japan, which has so far appeared to avoid the spikes in cases seen in the U.S. and Europe.
Japan Times
BUSINESS / Companies
Apr 14, 2020
Japan carmakers will recover fast with Honda buy rating, Goldman says
The coronavirus outbreak will reduce Japanese automakers’ combined operating profit by 38 percent this business year, but the manufacturers may rebound faster than they did after the global financial crisis more than a decade ago, according to analysts at Goldman Sachs Group.
Japan Times
BUSINESS / Companies
Apr 9, 2020
Japan carmakers cut off pay to 32,000 in North America
The bulk of the furloughs are at Honda and Nissan, while Toyota is mainly targeting its temporary staff for now.
Japan Times
BUSINESS
Apr 9, 2020
A car boom in Wuhan brings hope for post-lockdown recovery
If a stream of visitors to auto dealerships in the virus-hit city is any indication, the recovery of the car business in China and perhaps the world could be rapid.
Japan Times
BUSINESS / Companies
Apr 9, 2020
Japanese carmakers plan to put 20,000 on temporary leave with partial pay to deal with virus
Around 20,000 domestic workers at three of the nation's biggest carmakers will be put on temporary leave because of the output suspensions caused by the coronavirus pandemic, company sources say.
Japan Times
BUSINESS / Companies
Apr 8, 2020
Mitsubishi Motors to temporarily shut Japan plant operations amid virus outbreak
Mitsubishi Motors Corp. said Wednesday it will lay off around 6,500 workers at three domestic factories that have been or will be temporarily suspended due to the coronavirus outbreak.
Japan Times
BUSINESS / Companies
Apr 7, 2020
Nissan eyes suspending 10,000 jobs abroad over coronavirus outbreak
Nissan Motor Co. is looking to cut over 10,000 jobs temporarily in the United States and Europe, as local production remains suspended amid the coronavirus outbreak, sources close to the matter said Tuesday.
Japan Times
BUSINESS / Companies
Apr 3, 2020
Toyota halts operations at five Japanese plants amid weak demand
Toyota Motor Corp. on Friday suspended seven production lines at five domestic plants to adjust to weak global demand due to the global coronavirus pandemic.
Japan Times
BUSINESS / Companies
Apr 2, 2020
Nissan's plants in U.S. to be shut through late April to limit spread of COVID-19
Nissan Motor Co. said Thursday it would extend its factory suspensions in the United States through late April to help reduce the spread of COVID-19 and protect employees.
Japan Times
BUSINESS / Companies
Apr 1, 2020
How Tesla fought to keep its U.S. plant open despite lockdown order
Tesla Inc.’s lone U.S. assembly plant posed a risk to public health by staying open for days in spite of San Francisco Bay area shelter-in-place orders, according to documents obtained through a California public records request.
Japan Times
BUSINESS / Companies
Apr 1, 2020
Subaru to temporarily halt all global output due to coronavirus
Subaru Corp. said Wednesday it will halt all global auto production for approximately three weeks due to the spread of the novel coronavirus, resulting in a loss in output of 70,000 units.
Japan Times
BUSINESS / Companies
Mar 31, 2020
Japanese car production in China down 86% in February
Output by major Japanese carmakers in China plunged 86.7 percent in February from a year earlier to 29,911 units due to the coronavirus outbreak, according to data released by the companies.

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