FUSO starts by doubling sales in Africa

Kawasaki, Japan – Mitsubishi Fuso Truck and Bus Corporation (MFTBC), one of Asia’s leading commercial vehicle manufacturers, is showing strong growth in Africa. Almost doubling its sales in  the first two months of 2014 to 1,060 units from 580 units in the same period of 2013, sales have already reached the level of the results […]

Nissan profits beat estimates as weaker yen helps sales

Nissan has reported better-than-expected profits, helped by the weakening yen and by a recovery in sales in China. Japan’s second-biggest carmaker said profit rose 57% to 84.3bn yen ($825m; £503m) for the last months of 2013, beating analysts’ estimates. It also sold a record 5.1 million vehicles globally last year. The positive results come three […]

Toyota ends car production in Australia by 2017

Toyota is to end its vehicle and engine production in Australia by the end of 2017, effectively marking the end of the country’s carmaking industry. The company said it might scale down the operations of its development and technical centre in Australia as well. Last year, Ford and General Motors’ Holden unit also announced plans […]

Toyota is giving larger chunks of business to a smaller number of suppliers, and it is asking for cost cuts of 30 to 40 percent for some parts – in certain cases double that level.

“Behind the recovery at the big carmakers is their pressure on suppliers to cut parts prices. It’s been hitting us like a body blow,” said a senior executive of a company that makes drivetrain-related parts for a major Toyota supplier. At this small company based in Aichi prefecture, home to Toyota and much of its […]

Trucking Industry’s Resurgence Continues in 2013

NEW YORK, NY–(Marketwire – Feb 21, 2013) – The Trucking Industry has experienced a resurgence over the past few months. The American Trucking Associations’ advanced seasonally adjusted (SA -1.45%, news) For-Hire Truck Tonnage Index increased 2.9 percent to 125.2 in January, the highest on record. Five Star Equities examines the outlook for companies in the […]

Novelis to More Than Triple Aluminum Recycling on Car Demand

While there are concerns about the economic slowdown in China, the world’s biggest user of aluminum, the Asian country is still “very attractive” in the long term, Prichett said. The country accounts for about 40 percent of global production and demand, according to an estimate from researcher Brook Hunt. “When we say slowdown in growth, […]

Nissan profits jump as global sales hit record high

For the full year ending in March 2012, Nissan reported net income of 341.4bn yen, a 7% rise on the previous year. Nissan, Japan’s second-biggest carmaker, outperformed rivals Toyota and Honda, both of which reported falling profits. Japanese carmakers have had to deal with many challenges in the past 12 months, including disruption to production […]

Japanese manufacturers make up eight of the top 10 places in a used car reliability survey, but which is number one?

Honda took the top spot for the seventh year running and was one of eight Japanese manufacturers in the top 10, while premium car makers including Audi, Jaguar and Mercedes-Benz finished much further down the list, in 26th, 27th and 29th places respectively. The worst performing manufacturer was Land Rover, with 71 per cent of […]

No more bland for the Lexus brand as auto maker aims for excitement

Toyota is now engineering a top-to-bottom makeover at its luxury brand. The goal is to become much more than the maker of faultless cars with fairly bland styling. Di Felice and her colleagues around the world are now touting the future of Lexus as a brand selling “bold, emotional and expressive” vehicles with cutting-edge technology. […]