Tag - carmakers

 
 

CARMAKERS

Japan Times
BUSINESS / Companies
Mar 30, 2020
Toyota to halt all plants in Europe due to coronavirus
Toyota Motor Corp. said Monday it will temporarily halt work at all plants in Europe and Russia in an effort to combat the spread of the novel coronavirus.
Japan Times
BUSINESS / Companies
Mar 28, 2020
Toyota retools idled U.S. factories for face shield and mask production
Toyota Motor Corp.'s idled manufacturing facilities in the U.S. will make much-needed face shields and masks, and the auto giant is also closing in on deals with makers of medical devices to help them boost production.
BUSINESS
Mar 28, 2020
GM will pay $120 million over faulty ignition switches
General Motors Co. has agreed to a $120 million settlement over faulty ignition switches that allegedly caused cars to stall and air bags to deploy, in some cases triggering fatal accidents.
Japan Times
BUSINESS / Companies
Mar 27, 2020
Toyota requests $9 billion credit line from Japanese mega-banks SMBC and MUFG
Toyota Motor Corp. has asked two mega-banks to set up a credit line of ¥1 trillion ($9.2 billion), company sources said Friday, a move that signals the leading automaker is struggling with rising fundraising costs caused by the coronavirus outbreak.
Japan Times
BUSINESS / Companies
Mar 24, 2020
Toyota and NTT sign capital tie-up over 'smart city' project
The auto and telecommunications giants said they will mutually invest around u00a5200 billion ($1.8 billion) by purchasing each other's treasury stocks.
Japan Times
BUSINESS / Companies
Mar 23, 2020
Toyota, Honda and Suzuki halt plants in India due to coronavirus
Toyota Motor Corp., Honda Motor Co., Suzuki Motor Corp. and Nissan Motor Co. have halted operations at their plants in India due to the spread of the new coronavirus.
Japan Times
WORLD / Science & Health / FOCUS
Mar 23, 2020
Whatever it takes: Ventilator industry enlists army in battle to save coronavirus patients
On March 6, Gianluca Preziosa, the head of an Italian ventilator maker, received an urgent request. The Italian authorities wanted his help for an all-out effort to meet a desperate need for ventilators.
BUSINESS
Mar 21, 2020
Honda to expand telecommuting system in April to cover younger workers and increase flexibility
Honda Motor Co. plans to substantially expand telecommuting next month under a work-style reform initiative, it has been learned.
Japan Times
BUSINESS / Companies
Mar 20, 2020
Toyota logs first domestic coronavirus infection
Toyota Motor Corp. said a man at its Takaoka plant in Toyota, Aichi Prefecture, has tested positive for the coronavirus.
Japan Times
BUSINESS
Mar 19, 2020
Biggest factory shutdown since WWII cripples virus-hit U.S. and Europe
The economic impact of the growing coronavirus outbreak is shifting from service driven industries like hotels and restaurants to the manufacturing sector on both sides of the Atlantic, leading to a synchronized shutdown of heavy industry that historians and industry experts say is unlike any seen since...
Japan Times
BUSINESS / Companies
Mar 18, 2020
Nissan to pull out of local production in Indonesia, source says
Nissan Motor Co. will pull out of local production in Indonesia due to falling vehicle sales in the country, a source close to the matter said Wednesday.
Japan Times
BUSINESS
Mar 17, 2020
Now made in Mexico: Japan auto suppliers shift China production after virus shock
In the Chinese coastal province of Jiangsu, where supply chains have been severed by the coronavirus outbreak, one auto supplier has already shifted production of parts for Mazda Motor Corp. to a site 13,000 kilometers away, in central Mexico's Guanajuato state.
BUSINESS / Companies
Mar 11, 2020
Honda partially resumes production in virus-hit Wuhan
Honda Motor Co. said Wednesday it has partially resumed four-wheel vehicle production in the central Chinese city of Wuhan, the epicenter of the new coronavirus outbreak, after obtaining permission from local authorities.
Japan Times
BUSINESS / Companies
Mar 11, 2020
Jittery over COVID-19, Toyota and other Japan firms shun base pay hikes
Major companies were reluctant to offer base pay hikes during annual wage talks, with Toyota Motor forgoing its uniform monthly pay-scale increase for the first time since 2013.
Japan Times
BUSINESS / Companies
Mar 11, 2020
Toyota to cut Lexus production on falling demand in virus-hit China
Toyota Motor Corp. will temporarily cut output of its Lexus models in Japan from next week due to a fall in demand in China because of the coronavirus outbreak, a company source said Tuesday.
Japan Times
JAPAN / Crime & Legal
Mar 6, 2020
Trial of Nissan ex-director Greg Kelly faces postponement to May
The first hearing in the financial misconduct trial of Nissan Motor Co. and former director Greg Kelly might be postponed to May or later, a source close to the matter said Friday.
Japan Times
BUSINESS
Mar 6, 2020
Japan's car industry braces for prolonged disruption from coronavirus
The coronavirus outbreak has prompted some of Japan's struggling automakers to order partial plant closures and will likely prolong their troubles with parts procurement in China, forcing them to alter production plans, industry analysts say.
Japan Times
BUSINESS / Companies
Mar 4, 2020
Nissan faces more pain before gain as business hit further by coronavirus, new CEO says
CEO Makoto Uchida promised to unveil a turnaround plan in May, on top of cutting more than 12,500 jobs amid decade-low profits and management turmoil caused by Carlos Ghosn's 2018 arrest.
Japan Times
BUSINESS
Mar 3, 2020
Coronavirus took toll on Japan's auto and retail sales in February
Automakers and department store operators reported sharp sales declines in February as the spread of the new coronavirus dented consumer sentiment and drove away foreign tourists.
Japan Times
BUSINESS
Mar 3, 2020
Tesla barely registers in Japan, the world's third-largest auto market
For all of Elon Musk’s domination of the burgeoning electric vehicle business, Tesla Inc. is struggling to get traction in Japan, a market he put on a pedestal early in the automaker’s early days.

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