Tag - carmakers

 
 

CARMAKERS

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
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 / 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 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.
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 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 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.

Longform

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