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November 21, 2024
 

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CARMAKERS

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.
Toyota said its group net profit in the fiscal year that ended in March nearly doubled from the previous year to hit a record high, due to robust sales of hybrid vehicles.
BUSINESS / Companies
May 8, 2024
Toyota posts record net profit on weak yen and strong hybrid sales
The carmaker saw a 31% jump in sales of hybrid vehicles, bringing the total to 3.7 million, while sales of purely electric cars were 116,500.
Stellantis premium brand Alfa Romeo reveals the Milano, its first fully electric car, during an event in Milan on April 10.
BUSINESS / Tech
May 7, 2024
EU election could force sharp turn in electric car policy
Europe's right-wing parties have made cancelling the 2035 deadline to phase out sales of internal combustion engine cars a rallying cry.
Workers head to Daihatsu Motor's plant at its headquarters in Ikeda, Osaka Prefecture, on Tuesday.
BUSINESS
May 7, 2024
Daihatsu resumes production at all plants
All of Daihatsu's four finished vehicle assembly plants in Japan are back online for the first time in about four months.
Automobiles charge at public electric vehicle charging stations in Paris on Feb. 14.
BUSINESS / Tech
May 6, 2024
France ramps up electric vehicle ambition as Xi arrives in Paris
The contract between the government, French business groups and unions aims for a fourfold increase in the sale of 100% EVs to 800,000 a year in 2027.
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week, according to a person familiar with the matter.
BUSINESS / Companies
May 1, 2024
Tesla axes most of supercharger team in blow to other automakers
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week.
Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric-vehicle maker in Beijing on Feb. 4.
BUSINESS / Tech
Apr 29, 2024
Tesla clears key regulatory hurdles for self-driving in China
Tesla is said to have reached an agreement with Baidu to use the Chinese tech giant's mapping license for data collection.
Tesla CEO Elon Musk attends a conference in Paris last June.
BUSINESS / Companies
Apr 28, 2024
Tesla CEO Elon Musk kicks off surprise trip to Beijing
Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving software in China.
Canadian Prime Minister Justin Trudeau (left), Honda CEO Toshihiro Mibe (center) and Ontario Premier Doug Ford walk in the company's automotive assembly plant in Alliston, Ontario, on Thursday.
BUSINESS / Companies
Apr 26, 2024
Honda to spend $11 billion on electric vehicle strategy in Canada
The move is meant to tap long-term demand in North America and pushes the automaker toward having electrified cars account for 100% of sales by 2040.
Toyota's annual global sales topped 10 million units in 2023 for the first time.
BUSINESS / Companies
Apr 26, 2024
Toyota sets records for output and sales as scandals fail to dent demand
Global sales increased 5% from a year earlier to 11.1 million units, new data shows, exceeding 10 million for the first time.
Masahiro Moro, CEO of Mazda Motor, speaks next to EZ-6 electric vehicles during the Beijing Auto Show in Beijing on Thursday.
BUSINESS / Companies
Apr 25, 2024
Nissan and Mazda roll out new models for China as they aim for comeback
The models, including some concept cars, were introduced at the Beijing Auto Show.
Daihatsu President Masahiro Inoue
BUSINESS / Companies
Apr 24, 2024
Daihatsu’s new president sees potential in Africa and South America
Masahiro Inoue pointed at strong demand for compact cars in those markets due to a prevalence of narrow roads.
With U.S. protectionism hindering Chinese electric vehicle makers' overseas expansions, Japanese giants like Honda are poised to capitalize.
COMMENTARY / Japan
Apr 24, 2024
Japan is poised to fill an EV gap left by China
A new Honda facility in Canada shows that Asia’s auto industry is ready to meet North American needs.
Tesla remains the dominant EV maker in the U.S. market, but its earnings have been under pressure for several quarters.
BUSINESS / Companies
Apr 24, 2024
Tesla speeding up release of cheaper cars after sales miss
The maker of electric vehicles plans to release more affordable models by the end of this year or in early next year.
Japanese startup Turing plans to unveil a self-driving car with at least 30 minutes’ driving range next year and develop a fully autonomous car by 2030.
BUSINESS / Companies
Apr 22, 2024
An AI star seeks to bring self-driving cars to Japan by 2030
The mind behind an AI algorithm that beat a shogi master now has his sights set on a fully self-driving vehicle by 2030.
Home electric vehicle chargers during the Montreal Electric Vehicle Show in Quebec, Canada, on Friday. Prime Minister Justin Trudeau is offering more tax breaks to automotive firms to put their electric vehicle factories in Canada.
BUSINESS / Companies
Apr 22, 2024
Honda nears deal with Canada to boost electric vehicle capacity
The auto sector is particularly important to Ontario, Canada’s largest province by population and home to assembly plants.
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing in May last year.
BUSINESS / Tech / ANALYSIS
Apr 22, 2024
Elon Musk’s robotaxi dreams plunge Tesla into chaos
The idea of creating an autonomous taxi service has been kicking around Tesla for at least eight years.
A gallery of cars at Nissan's headquarters in Yokohama. The carmaker revised downward its profit and sales forecasts for the fiscal year that ended in March.
BUSINESS / Companies
Apr 19, 2024
Nissan cuts sales and profit forecasts
The firm said the revision was made because of lower sales volumes and higher costs paid to suppliers, among other factors.
Tesla's troubles started in October when it warned that demand for EVs was starting to slow, but the full extent of that weakness only became apparent this month.
BUSINESS / Companies
Apr 17, 2024
Tesla’s value dips below $500 billion in blow to stock bulls
The electric vehicle maker's troubles started in October when it warned that demand for EVs was starting to slow.
Honda has lagged behind European and U.S. competitors such as General Motors and Volkswagen in ramping up EV sales.
BUSINESS / Companies
Apr 16, 2024
Honda to launch next-generation EVs in China by 2027
The carmaker added that it also planned to roll out a total of 10 Honda-brand EV models in China by 2027.
Ishiba delays meeting with Trump, citing legal restrictions
Prime Minister Shigeru Ishiba waves upon arrival for the Asia-Pacific Economic Cooperation forum, in Callao, Peru, on Friday.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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