Tag - carmakers

 
 

CARMAKERS

Transport ministry officials head to Toyota's headquarters in Aichi Prefecture on Tuesday for on-site inspections.
BUSINESS / Companies
Jun 4, 2024
Auto certification in spotlight as Toyota raided over data tampering
Questions have emerged over whether Japan's regulatory standards and their subjective interpretation might be hindering automakers.
Toyota Motor Chairman Akio Toyoda apologizes during a news conference in Tokyo on Monday.
BUSINESS / Companies
Jun 3, 2024
Japan's auto-testing scandal deepens, resulting in some shipment halts
Toyota and four other Japanese automakers have admitted to falsifying testing data and performing tests under inappropriate conditions, among other infractions.
Nissan CEO Makoto Uchida said that the automaker will continue to communicate with its suppliers to see whether unfair practices persist and set up a new team directly under him to accelerate reforms on its relations with its subcontractors.
BUSINESS / Companies
Jun 1, 2024
Nissan challenges TV Tokyo report on subcontractors
The automaker denied allegations that it continued to pressure its suppliers into slashing prices even after receiving a warning from the fair trade regulator.
Ashwani Gupta, then-chief operating officer of Nissan, in April 2023
BUSINESS / Companies
May 31, 2024
Nissan paid ex-COO $3.7 million to quit after sexual harassment claims
Ashwani Gupta's compensation figure for leaving the company is now public in a notice of the annual shareholders’ meeting, which showed he will also receive allowances.
Toyota's global sales, including those of subsidiaries Daihatsu and Hino, fell 4.5% last month from a year earlier to 835,788 vehicles.
BUSINESS
May 30, 2024
Toyota sales and output fall on Prius recall and dip in China
Global sales, including those of subsidiaries Daihatsu Motor and Hino Motors, fell 4.5% last month from a year earlier.
Chinese electric vehicles bound for shipment at the Port of Taicang in China
BUSINESS / Tech
May 30, 2024
EU seeks roadblocks for Chinese EVs without sparking trade war
Crucially, the bloc must strike a balance with its aim for more Europeans to drive EVs as it prepares to outlaw the sale of new fossil fuel-powered cars from 2035.
Toyota Chairman Akio Toyoda during a news conference in Nagoya in January
BUSINESS / Companies
May 29, 2024
Toyota investors urged to vote against founding family chair
The recommendations come ahead of Toyota’s annual shareholders meeting scheduled for June 18 at its headquarters in the city of Toyota in Aichi Prefecture.
Hiroki Nakajima, Toyota's chief technology officer, speaks during a news conference in Tokyo on Tuesday.
BUSINESS / Companies
May 29, 2024
Toyota bets on alternate-fuel engines in an electric future
The carmaker said its making progress on developing smaller, more efficient engines that can work with EV manufacturing platforms.
Toyota, Idemitsu Kosan, Eneos and Mitsubishi Heavy Industries said they have teamed up to research carbon-neutral fuels for automobiles.
BUSINESS
May 28, 2024
Toyota and partners launch joint study on carbon-neutral fuels
Toyota will also independently develop engines that can use e-fuels efficiently
A SAIC Motor MG EXE181 concept EV during the Beijing Auto Show earlier this year.
BUSINESS / Tech
May 27, 2024
Xi’s China EV dream came true, but 10 years on, walls are going up.
China also overtook Japan as the largest auto exporter, but such achievements are also adding to tensions with the West.
Masanori Katayama, chairman of the Japan Automobile Manufacturers Association, said the association will work with the Japan Auto Parts Industries Association to address the problem of subcontractor bullying.
BUSINESS / Companies
May 24, 2024
Japan’s automakers vow to stop squeezing their suppliers
Member companies of the Japan Automobile Manufacturers Association have agreed to treat subcontractors more fairly when the latter pass on cost increases.
Sen. Ron Wyden of Oregon, the chairman of the Senate Finance Committee, speaks to reporters on Capitol Hill in Washington on May 1. Wyden has been investigating links between carmakers and forced labor in China.
BUSINESS
May 21, 2024
U.S. Senate probe finds forced labor ties in automakers' imports
The report said BMW, Jaguar Land Rover and Volkswagen had used components from a Chinese supplier banned in the U.S.
Passengers onboard a self-driving vehicle in Eiheiji, Fukui Prefecture, last year
BUSINESS / Economy
May 21, 2024
Japan targets 30% share in next-generation cars
The 30% target was included in a new strategy released by the ministries for software development for next-generation vehicles with advanced digital technologies.
Tesla is offering discounts and service improvements to appease European leasing companies upset by price cuts and repair issues.
BUSINESS / Companies
May 20, 2024
Tesla giving discounts to European fleet buyers in damage-control drive
After years of sharp growth, Tesla's global sales and profits are declining, with an 8.5% drop in deliveries during the first quarter, marking its first decrease in four years.
A representative explains the features of the Afeela electric vehicle, a Honda-Sony Mobility concept car, at the CES 2024 trade show, in Las Vegas on Jan. 9. The Honda-Sony alliance plans to deliver its first EV model in the spring of 2026 in North America.
BUSINESS / Companies
May 16, 2024
Honda to double investment in electric vehicles and software
The automaker had planned to invest ¥5 trillion ($32.3 billion) for the 10 years through March 2031, but it now plans to spend ¥10 trillion by that point.
Tesla's charging network is widely viewed as a signature achievement for the EV maker and a key driver of its sales. Tesla Superchargers account for more than 60% of U.S. high-speed charging ports, federal statistics show.
BUSINESS / Companies
May 16, 2024
The inside story of Elon Musk’s mass firings of Tesla Supercharger staff
Former charging chief met Musk expecting the go-ahead for a massive expansion of the charging network, but ended up getting fired along with her 500-member team.
Strong sales of Prius hybrids are delivering a cash boost for Toyota to invest in fully-electric cars.
BUSINESS / Companies
May 16, 2024
Hybrids delivering cash chest for Toyota and Honda’s EV ambitions
With the shift to battery-electric vehicles clearly taking much longer than anticipated, consumers are voting for hybrids with their wallets.
Visitors line up near a billboard for a Honda electric vehicle at the Beijing International Automotive Exhibition in Beijing in April.
BUSINESS / Companies
May 15, 2024
Honda moves to cut China workforce with voluntary layoffs
Honda's move marks the latest setback for Japan's legacy car brands in China.
Toyota CEO Koji Sato says the company plans to expand AI-related investments, and this year will focus on building a strong foundation for software-defined vehicles.
BUSINESS / Companies
May 14, 2024
Japan’s carmakers look to China tech to claw back market share
With no signs of demand slowing for Chinese EVs, Japanese carmakers are looking to adapt their strategies to win over the world’s biggest auto market.
Nissan's net profit nearly doubled in the business year that ended in March, as demand rose at home as well as in North America, Europe and China.
BUSINESS / Companies
May 9, 2024
Nissan's annual net profit nearly doubles on-year
Net profit totaled ¥426.6 billion ($2.7 billion), up 92.3% on-year.

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