Tag - carmakers

 
 

CARMAKERS

Nissan and Honda are exploring a merger, which would create a rival to Toyota Motor in Japan and better position the combined company to face competitive challenges around the world.
BUSINESS / Companies
Dec 19, 2024
Foxconn in talks with Nissan shareholder Renault, CNA says
Renault’s stake in Nissan is a holdover from a longstanding alliance between the French automaker, Nissan and Mitsubishi Motors.
Nissan and Honda may be nearing a merger to address Nissan's struggles, forming a second major hub in Japan's auto industry to rival Toyota.
COMMENTARY / Japan
Dec 19, 2024
A Honda-Nissan merger is a slow-moving savior
Nissan is struggling — burning through cash and with billions of dollars of debt due in a little over a year.
Nissan President and CEO Makoto Uchida (left) and Honda President and CEO Toshihiro Mibe hold a news conference in Tokyo in March. Both automakers have been working together for months on a deal of some sort.
BUSINESS / Companies
Dec 18, 2024
Honda and Nissan might combine to form world’s No. 3 auto group
Mitsubishi, which has been working closely with Nissan since 2016, also might join the grouping.
Makoto Uchida (left), chief executive officer of Nissan Motor, and Toshihiro Mibe, chief executive officer of Honda Motor, attend a joint news conference in Tokyo in August.
BUSINESS / Companies
Dec 18, 2024
Nissan and Honda consider merger to take on world's biggest carmaker
Such a deal would create an automotive rival to Toyota and would effectively consolidate the Japanese auto industry into two camps.
The Energy Powerwall Home Battery charging station in Brussels in 2023
BUSINESS / Tech
Dec 17, 2024
New EU emissions rules drive petrol car price hikes and EV discounts
Analysts say major carmakers have adjusted their pricing strategy to curb demand for heavy emitters and make pricier electric models appealing.
A Hight Logistics electric BYD truck is loaded with a container at a seaport in Long Beach, California, in April 2023.
BUSINESS
Dec 15, 2024
Chinese firms take on EV truck challenges
Fleets of electric heavy goods vehicles from China have been growing internationally, even as Western countries target the country's EV cars with heavy sanctions.
A Toyota production line in New Jersey. The U.S. is a key market for Japanese automakers, who are closely monitoring policy changes in Washington as the incoming Trump administration is likely to change the course set by President Joe Biden.
COMMENTARY / Japan / Geoeconomic Briefing
Dec 12, 2024
Japan’s auto industry looks down the road to Trump presidency
Of the cars sold in the U.S., 40% are from Japanese makers, who are determined to hold onto this market share despite Washington's policy vagaries in the auto field.
A production line at Mazda's plant in Salamanca, Guanajuato state, Mexico
BUSINESS / Companies
Dec 12, 2024
Mazda’s Mexico investment to hinge on Trump’s tariff decisions
Mazda joins a growing number of auto firms that have either paused or signaled they may reconsider plans in the country.
The Bank of Japan's tankan quarterly survey for December is expected to show slightly weaker business sentiment among both major manufacturers and nonmanufacturers.
BUSINESS / Economy
Dec 11, 2024
BOJ quarterly survey likely to show weaker business sentiment in Japan
A slowdown in foreign economies, especially those of China and Europe, and the growing trend to spend less amid inflation, are seen weighing on sentiment.
Makoto Uchida, President and CEO of Nissan, holds a press briefing at the Japan Mobility Show 2023 in Tokyo on Oct. 25, 2023. Uchida is under presser to deliver a turnaround and to keep his job at the troubled carmaker.
BUSINESS / Companies
Dec 8, 2024
Nissan boss Uchida races to save the automaker — and his job
Makoto Uchida is under pressure to reverse Nissan’s fortunes after years of turmoil following the 2018 arrest of former chairman Carlos Ghosn.
The United States was Japan’s biggest export destination in 2023 with cars and auto parts making up a third of shipments.
JAPAN / Politics
Dec 6, 2024
Japan eyes talks with Trump that include cutting auto tariffs
Analysts say close personal ties between Trump and late Prime Minister Shinzo Abe played a role in smoothing out trade and diplomatic relations.
The start of the Qatar Grand Prix on Sunday in Lusail, Qatar.
MORE SPORTS / Auto Racing
Dec 4, 2024
A 12th F1 team after Cadillac? Why not, says FIA president
Formula One has always had a provision for 12 in the rules but there was strong opposition from existing teams to going beyond 10 before a deal was reached.
Nissan Motor vehicles bound for shipment at the Nissan Oppama wharf in Yokosuka, Kanagawa Prefecture.
BUSINESS / Companies
Dec 3, 2024
Nissan is awash in outdated models as car buyers look elsewhere
While Japan’s other major carmakers take six months or more to ship a new vehicle, many of Nissan’s most popular models can be delivered within a month or two.
A sign at the entrance to the Vauxhall van factory in Luton, England, on Nov. 27. Stellantis plans to close the factory, and has made efforts to pin the blame on the government's mandate for more electric vehicle sales.
BUSINESS / Tech
Dec 2, 2024
The EV transition is leaving the U.K. auto industry behind
The country wants to be a leader in EVs but has lagged others in establishing the necessary plants and battery factories.
Although years have passed since the dramatic arrest and ouster of former Chairman Carlos Ghosn, Nissan remains mired in management upheaval.
BUSINESS / Companies
Dec 2, 2024
Nissan shares up after news that chief financial officer will step down
The stock gained as much as 1% in early morning trading, though the shares are still down almost 35% this year.
Carlos Tavares, Chief Executive Officer of Stellantis, speaks at the Paris Automotive Summit during the Paris Auto Show on Oct. 15.
BUSINESS / Companies
Dec 2, 2024
Stellantis CEO Tavares quits and hands over to interim committee
The company said in a statement that a new CEO will be named in the first half of 2025, with an interim committee headed by Chairman John Elkann taking the reins for now.
An outdated lineup, elevated spending on sales incentives and a lack of hybrids in North America has led Nissan to slash jobs and production.
BUSINESS / Companies
Nov 30, 2024
Nissan CFO set to step down as carmaker faces raft of challenges
The change follows an announcement last month that the company will eliminate 9,000 jobs and cut a fifth of its manufacturing capacity.
Sauber's Valtteri Bottas during a practice session for the Qatar Grand Prix. Audi will take over the Sauber team when it enters Formula One in 2026.
MORE SPORTS / Auto Racing
Nov 30, 2024
Audi's deal with Qatar deepens Formula One's Gulf ties
Four of the current 24 races are in the Middle East — more than the number held in the United States.
Toyota's global sales, including that of subsidiaries Daihatsu Motor and Hino Motors, rose 0.4% in October compared with last year, the first uptick in three months.
BUSINESS / Companies
Nov 28, 2024
Toyota’s sales and output plateau on downturn in Japan and China
The world’s biggest carmaker has seen sales and output fall throughout the year as Japanese carmakers struggle to compete in China.
Employees work on assembling vehicles at a SAIC Volkswagen plant in Urumqi, in China's Xinjiang Uyghur Autonomous Region, in September 2018.
BUSINESS / Companies
Nov 27, 2024
VW confirms plans to exit controversial Xinjiang operation
The decision to free itself from the plant comes as the firm is battling to boost flagging sales in China.

Longform

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