Tag - carmakers

 
 

CARMAKERS

Toyota Chairman Akio Toyoda talks about the firm's Woven City smart town during the 2025 CES event in Las Vegas on Monday.
BUSINESS / Companies
Jan 7, 2025
Toyota aims to open its futuristic city near Mount Fuji this year
The initial residents of Woven City will be composed mostly of the carmaker’s own employees and their families.
A Tesla showroom in Beijing in January 2024. In today's world, the car isn’t the biggest moneymaker for automakers; instead, it is the services attached to the connected vehicle.
COMMENTARY / World
Jan 7, 2025
China’s EVs may change the world in unimaginable ways
China has about 100 EV brands and they claim about 80% of the new electric vehicle market.
A 2024 Toyota Prius Prime during the 2024 New York International Auto Show in New York last March
BUSINESS / Companies
Jan 4, 2025
U.S. new car sales rose to five-year high in 2024, helped by hybrids
Sales continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles.
A Tesla Cybertruck
BUSINESS / Companies
Jan 3, 2025
Tesla annual deliveries fall for first time as incentives fail to drum up demand
CEO Elon Musk had earlier predicted "slight growth" in 2024 deliveries and offered a range of promotions including interest-free financing and free fast-charging to boost sales.
BYD electric vehicles outside one of the company's dealerships in Beijing
BUSINESS / Tech
Jan 2, 2025
BYD chalks up new record as it narrows EV sales gap with Tesla
China’s BYD enjoyed a year-end surge to push total sales to 4.25 million passenger cars last year, as the two seek to be the top-selling electric-vehicle maker of 2024.
Nissan CEO Makoto Uchida (left) and Honda CEO Toshihiro Mibe in a news conference in Tokyo on Dec. 23
BUSINESS / Companies
Dec 31, 2024
Honda likely to own majority of holding firm with Nissan
Nissan's faltering business performance could be a hurdle to the planned integration.
A Nissan dealership and a Honda dealership in Tokyo
BUSINESS / Companies
Dec 30, 2024
Nissan shares fall, pressured by Honda deal concerns
The stock fell as much as 6.7% on Monday in Tokyo. The carmaker’s shares had soared more than 60% since Dec. 17, a day before news of the deal broke.
A Toyota RAV4 at a car dealership in California on Dec. 18. U.S. President-elect Donald Trump's pledge to impose additional tariffs on imports has sparked concern among Japanese automakers with significant operations in Mexico.
BUSINESS / Companies / FOCUS
Dec 29, 2024
Trump tariffs spark concern among Japanese automakers
The pressing question now is how Japan will navigate and respond to the emerging order shaped by deepening global divisions.
A Nissan dealership and a Honda dealership in Tokyo. As the two firms negotiation a potential merger, Nomura Holdings is advising Honda, while Nissan has retained Mizuho Financial Group and Bank of America.
BUSINESS / Companies
Dec 28, 2024
Honda-Nissan deal sets up next fight for bankers in Japan M&A boom
At roughly $200 billion, the volume of transactions including mergers and acquisitions in the country is up 48% this year.
Osamu Suzuki, a former president of Suzuki Motor, in October 2016
BUSINESS / Companies
Dec 27, 2024
Osamu Suzuki, who ran Suzuki Motor for five decades, dies at 94
Suzuki is known for spearheading the carmaker’s entrance in the Indian market, starting manufacturing there in 1983.
Toyota's business is feeling the strain of intense competition over hybrid cars in the U.S. and locally made electric vehicles in China.
BUSINESS / Companies
Dec 25, 2024
Toyota sales stagnate as factory glitches compound weaker demand
Vehicle sales totaled 984,348 units last month, the Japanese automaker said Wednesday, down 0.2% year-on-year.
This is set to be the first time Toyota will donate to a U.S. inauguration ceremony.
BUSINESS / Companies
Dec 25, 2024
Toyota to donate $1 million to Trump’s inauguration ceremony
President-elect Trump says he plans to impose a 25% tariff on all imports from Mexico, triggering concerns from automakers that rely on Mexican production for the U.S. market.
Nissan CEO Makoto Uchida and Honda CEO Toshihiro Mibe during a news conference in Tokyo on Monday
BUSINESS / Companies / ANALYSIS
Dec 25, 2024
Will Honda-Nissan tie-up deliver synergies in time to counter China?
Honda CEO Toshihiro Mibe has said the companies need to build up capabilities by 2030 or face being "beaten," but analysts question whether they have that much time.
Toyota is negotiating with local authorities and other parties involved to set up a wholly owned production plant in Shanghai in the wake of the Chinese government's foreign investment deregulation.
BUSINESS / Companies
Dec 24, 2024
Toyota eyes solo Lexus EV plant in Shanghai
The automaker, which currently ships Lexus models from Japan to China, intends to put the plant into production as early as around 2027.
Honda CEO Toshihiro Mibe speaks during a joint news conference with heads of Nissan and Mitsubishi Motors on their merger talks in Tokyo on Monday.
BUSINESS / Companies / ANALYSIS
Dec 24, 2024
Honda crafts Nissan rescue plan that plays out over years
While executives called the transaction a merger, Honda will take the lead in forming the new entity and nominate a majority of its directors.
Nissan CEO Makoto Uchida (left), Honda CEO Toshihiro Mibe (second from left) and Takao Kato, CEO of Mitsubishi Motors, hold a news conference on merger talks on Monday in Tokyo.
BUSINESS / Companies
Dec 23, 2024
Honda-Nissan megamerger in the works
Both carmakers are facing overcapacity and the need for huge investments related to electric-vehicle and self-driving technologies.
The Nio logo on a steering wheel of an electric vehicle at the automaker's dealership in Shanghai
BUSINESS / Tech
Dec 23, 2024
China’s Nio unveils $108,000 EV to take on Porsche and Mercedes
Once one of the brightest rising stars in China’s electric vehicle market, Nio has fallen short of sales targets, with U.S.-traded shares slumping about 50% this year.
Honda CEO Toshihiro Mibe at the Japan Mobility Show 2023 at Tokyo Big Sight in October 2023.
BUSINESS / Companies
Dec 21, 2024
Honda and Nissan consider mutual production of vehicles, report says
The report added that Honda will also consider supplying hybrid vehicles to Nissan as part of the potential merger, without mentioning the source of the information.
Carlos Ghosn
BUSINESS / Companies
Dec 21, 2024
Ghosn says Honda deal talks indicate Nissan in ‘panic mode’
"It’s a desperate move,” the ex-Nissan chief said. "It’s not a pragmatic deal because frankly, the synergies between the two companies are difficult to find.”
Foxconn’s pause in its pursuit of Nissan is the latest development in the unexpected emergence of two suitors for the ailing Japanese carmaker.
BUSINESS / Companies
Dec 20, 2024
Foxconn's interest in Nissan said to be on hold amid Honda merger talks
Foxconn’s pause is the latest development in the unexpected emergence of two suitors for the ailing Japanese carmaker.

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The sun shines from behind a waving Philippine flag at the Manila American Cemetery and Memorial.
Eighty years after the Battle of Manila, old foes forge new ties