JAPAN BEGINS SPRING WAGE NEGOTIATIONS WITH EXPECTATION TO SLOW DOWN PAY INCREASES

Highlights –

• Japan begins spring wage negotiations with expectations to slow down pay increases.
• The Japanese Trade Union Confederations are expected to demand a pay hike.
• However, the Keidanren mentioned that pay hikes across the boa...

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...

JAPAN GOVT. AIM FOR BAN ON SALES OF GASOLINE-ONLY CARS BY MID-2030s

Highlights –

• Japan Govt. to aim for ban sales of gasoline-only cars by mid-2030s.
• Japan aims to promote all-electric, fuel cell, gasoline-electric, and plug-in hybrid cars.
• In 2019, the domestic sale of lower-or-zero-emissions cars, i...

TOYOTA RAISED ITS NET PROFIT FORECAST FOR FISCAL 2020 TO $14 BILLION

Highlights –

• Toyota raised its net profit forecast for fiscal 2020 to $14 billion.
• The carmaker company projected sales at 26 trillion yen.
• The company raised its global sales plan to 9.42 million vehicles from 9.1 million units.
...

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...

HONDA MOTORS TO MOVE SOME OF ITS AUTO PRODUCTION FROM UK TO JAPAN

Highlights:

• The Honda Motor Corporation is planning to transfer some of the Civic car from the United Kingdom to Japan
• The company has taken this because the automaker will be shutting down the production plant in Swindon located in the southern part ...

HONDA MOTOR TO START SELLING ITS ELECTRIC CAR FROM OCT. 30 IN JAPAN

Highlights –

• Honda Motor to start selling its electric car from Oct.30 in Japan.
• This would be the automakers' first mass-produced electric car.
• The name of the car is ‘Honda e’, a four-seater compact car.
• T...

CHINA’S EV BATTERY MAKER ROBS ATTENTION OF NINE FLUSH INVESTORS

• China’s biggest Electric Vehicle (EV) battery manufacturer has realized a multi-billion dollar financing roping in global investment banks which include UBS AG and JPS Morgan Chase and Co.
• Shenzhen listed Contemporary Amperex Technology Co. Ltd. (CATL) was sourced with ne...

POSSIBLE TALKS FOR MERGER BETWEEN NISSAN MOTOR CO. AND HONDA MOTOR CO. EXPECTED THIS YEAR

Highlights –

• Possible talks for a merger between Nissan Motor Co. and Honda Motor Co. expected this year.
• The suggestion of a merger was made at the end of last year.
• Japanese government officials are worried over Nissan’s alli...