Search result for Automaker
The weak yen provides Japan's manufacturers with temporary relief from China's difficulties.
Japanese automakers are receiving much-needed support from an old standby, as the weaker yen helps to bolster profits in the face of declining sales in China and an increasingly challenging transition to electric vehicles.
In the three months leading up to June, Toyota, Honda, and Nissa...
Financial, automotive, and battery material gains push Seoul stocks higher at the close.
Automakers, battery materials businesses, and financial institutions were the day's top gainers on the South Korean stock market. The domestic currency depreciated versus the dollar.
After gaining 3.99 points, or 0.16 percent, the Korea Composite Stock Price Index ended the day at 2...
Rivian raises $11.9 Billion in its Wall Street debut
An American automaker, Rivian which specializes in making electric pickup trucks, vans and sport utility vehicles has announced that now it will be raising $11.9 billion in its Wall Street debut.
Highlights
- Rivian is set to deliver 100,000 vans to Amaz...
Toyota to equip vehicles with solar power generation system, to reduce emissions
Toyota Motor Corp is aiming to equip its cars with highly efficient solar power generation systems. The company is increasing its efforts to achieve carbon neutrality.
Highlights
- Toyota to power electric vehicles with solar power generation system ...
TOYOTA MOTOR TO HOLD OFF PRODUCTION LINES OVER CHIP SHORTAGE
Highlights –
- Toyota Motor to hold off production lines over chip shortage.
- The company plans to halt two of its plants for around 8 days in June.
- The suspension of production will affect around 20,000 vehicles.
- Toyota expec...
CHIP SHORTAGE LIKELY TO HAMPER MAZDA’S GLOBAL PRODUCTION IN FY 2021
Highlights –
- Chip shortage likely to hamper Mazda’s global production in FY 2021.
- Global production of car may be reduced to 100,000 vehicles a year.
- In April, Mazda expects an output cut of 14,000 vehicles.
- The autom...
TOYOTA TO INCREASE ITS SOFTWARE ENGINEER INTAKE BY 50%
Highlights –
- Toyota to increase its software engineer intake by 50%.
- Toyota wants to boost the development of autonomous and other next-generation vehicles.
- Toyota employs a traditional mass recruitment system for university students....
HONDA MOTOR’S JET BECOMES BEST-SELLING SMALL BUSINESS AIRCRAFT IN THE WORLD
Highlights –
- Honda Motor’s jet becomes best-selling small business aircraft in the world.
- The Japanese automaker delivered around 31 small passenger jets in 2020.
- Jets have become safer and more sustainable modes of transportati...
GLOBAL OUTPUT OF JAPANESE AUTOMAKERS FELL BY 4.5 PERCENT IN JANUARY
Highlights –
- Global output of Japanese automakers fell by 4.5 percent in January.
- Toyota Motor Corp. and Nissan Motor Co. saw their production rise in the month.
- Toyota’s global sales in January were up 4.6 percent.
- N...
TOYOTA BEGINS CONTRUCTION IN MT. FUJI AS TEST GROUND FOR NEW TECHNOLOGIES
Highlights –
- Toyota begins construction in Mt. Fuji as test ground for new technologies.
- Around 360 people will move to the Woven city to be built at the 70.8 hectares former Toyota factory.
- The smart city will be designated for 3 typ...
MAZDA MOTOR REPORTS TO CUT ITS GLOBAL PRODUCTION BY 7,000 VEHICLES
Highlights –
- Mazda Motor reports to cut its global production by 7,000 vehicles.
- The company has not able to procure enough chips for key safety and environmental technology.
- The company is expecting a net loss of 50 billion yen. ...
JAPAN REPORTS A RISE IN NEW CAR SALES BY 6.8 PERCENT IN JANUARY 2021
Highlights –
- Japan reports a rise in new car sales by 6.8 percent in January 2021.
- In January 2021, sales of new cars rose to 384.442 units.
- Sales excluding minicars rose by 6.8 percent to 236,592 vehicles.
- Toyota reported ...
HYUNDAI REPORTS 2020 Q4 NET PROFIT TO RISE BY 78% AMID THE PANDEMIC
Highlights –
- Hyundai reports 2020 Q4 net profit to rise 78% amid the pandemic.
- Net profit jumped to 1.37 trillion won from 772 billion won.
- The car company’s operating profit rose 41 percent to 1.64 trillion won in Q4.
KIA CORP. BY 2027 PLANS TO LAUNCH NEW 7 ELECTRIC VEHICLE PLATFORMS
Highlights –
- Kia Corp. by 2027 to launch electric vehicle platforms.
- The new EV platform is called the electric-global modular platform (E-GMP) and will be released in the first quarter.
- The company plans to boost its EV lineup with 1...
JAPANESE AUTOMAKER SUBARU CORP.’S CHIP SHORTAGE LEADS TO HALT DOMESTIC PRODUCTION
Highlights –
- Japanese automaker Subaru Corp.’s chip shortage leads to halt domestic production.
- Subaru is said to halt output at its assembly and engine factories in Gunma Prefecture.
- Subaru manufactures about 700,000 vehicles a...
HYUNDAI ANNOUNCES TO START PILOT PROJECT TO REUSE BATTERIES FOR ELECTRIC VEHICLE
Highlights –
- Hyundai announces to start pilot project to reuse batteries for electric vehicle.
- S. Korea has decided to give regulatory exemptions for business models on the reuse of EV batteries.
- Hyundai has also decided to provide a ...
TOKYO METROPOLITAN GOVT. LOOKING TO END SALES OF NEW GASOLINE CARS BY 2030
Highlights –
- Tokyo Metropolitan Govt. looking to end sales of new gasoline cars by 2030.
- The govt. also plans to stop selling new gasoline two-wheeled vehicles by 2035.
- The govt. had introduced ‘Zero Emission Tokyo Strategy&rsqu...
NISSAN MOTOR CO. UPGRADES ITS FISCAL 2020 EARNINGS, EXPECTS GROUP NET LOSS
Highlights –
- Nissan Motor Co. upgrades its fiscal 2020 earnings, expects group net loss.
- Nissan expects a group net loss of $5.8 billion.
- Nissan had previously expected 670 billion yen in loss for fiscal 2020 through next March. ...
CHINA’S OCTOBER EXPORTS GROWTH PICKED UP MOMENTUM ON BACK OF US DEMAND
- China’s export growth picked up momentum in October, enhancing the total so far this year back above pre-coronavirus levels for the first time.
- Exports in October increased 11.4% over a year earlier to $237.2 billion, up from September’s 9.9% gain, as shown by custo...
GLOBAL OUTPUT OF JAPANESE AUTOMAKERS RISE IN SEPTEMBER BY 1.7%
Highlights –
- Global output of Japanese automakers rise in September by 1.7%.
- Toyota Motor Corp.’s global production grew by 11.7%.
- Suzuki Motor Corp.’s global output has increased by 19.1%.
- Honda Motor Co.&rsquo...