Japan’s machinery orders bounce back

TOKYO • Japanese machinery orders rose more than expected in June in a sign that companies are gradually becoming more willing to increase capital expenditure. Companies also expect core machinery orders, a leading indicator of capital expenditure, to rise in the July-September period, suggesting that business investment is starting to stabilise after a rocky performance […]

Central America: A Growing Middle Class and Changing Buying Preferences Bode Well for Suppliers of Auto Aftermarket Products.

Manufacturers and distributors of automobile parts, components, and accessories and automobile care equipment ought to consider growing their businesses by exporting to Central American countries such as El Salvador and Guatemala. Central America emerged as a key growth market for the auto industry, said Andres Castrillon, senior counsel for international affairs at the Auto Care […]

Mexico courting Japanese parts suppliers

TOKYO — Mexico is trying to lure Japanese autoparts makers. Although the country makes more cars than any other Latin American country, its automakers share a structural weakness — underdeveloped supporting industries. Workers attend to a car inside Nissan Motor’s plant in the Mexican state of Aguascalientes. Mexico lacks the layers of reliable domestic suppliers needed […]

Toyota, Nissan, Fuji Makers set record

TOKYO — Japanese automakers doing well in North America booked record net profits in the April-June quarter while others reliant on markets elsewhere saw profit declines, their earnings releases show. All seven major automakers announced quarterly results by Tuesday. Toyota Motor, Nissan Motor and Fuji Heavy Industries — the company behind the Subaru brand — […]

Nissan seen cruising to record operating profit in China

TOKYO — Nissan Motor’s Chinese operations are expected to generate an all-time high operating profit of about 160 billion yen ($1.27 billion) in the current fiscal year ending in March, beating the previous fiscal year’s record number by 24%. China is projected to make up 19.2% of Nissan’s group operating profit this fiscal year, which […]

Saudi Arabia Drives Surge in Spare Parts

Manufacturers and distributors of the GCC’s automotive aftermarket recently gathered in Dubai to discuss new opportunities in the region’s commercial vehicle (CV) market, as Saudi Arabia spearheads a regional surge in demand for CV spare parts and services. According to global analysts Frost & Sullivan, there are currently 750,000 trucks and buses on Saudi Arabia’s […]

Komatsu Profit Rises on Construction Equipment Sales

Komatsu Ltd., the world’s second-biggest maker of construction equipment, said third-quarter profit rose 5.5 percent, aided by sales in North America and a weaker yen. Net income rose to 38.5 billion yen ($326 million) in the three months ended Dec. 31 from 36.5 billion yen a year earlier, the Tokyo-based company said today in a […]

Japan export rebound offers hope for economic growth

(Reuters) – Japan’s exports rose in July for the first time in three months in a tentative sign that overseas demand is starting to recover, which could raise hopes that exports can offset a slump in consumer spending. The export data will be a relief for the Bank of Japan, which has predicated its economic […]

China fines Japanese car parts firms for price-fixing

China has levied a record fine totalling 1.24bn yuan ($202m; £121m) on twelve Japanese car parts companies for price-fixing. The country’s anti-monopoly regulator said the companies were found to have colluded to reduce competition. Japan’s Sumitomo Electric and Mitsubishi Electric were among the firms that received the heaviest fines. The ruling comes amid a crackdown […]

Thai Auto Sales Plunged in April

BANGKOK—Auto sales and production in Thailand tumbled again last month amid the nation’s political turmoil. April production totaled 126,730 vehicles, down 25.6% from a year earlier, said the Federation of Thai Industries’ Automotive Industry Club—and a slight easing from March’s 29% contraction. Sales were off 33% over the year-earlier level to 73,242 vehicles. For the […]