Nissan Seals $2.3 Billion Mitsubishi Motors Stake Acquisition

Nissan Motor Co. completed its acquisition of a $2.3 billion stake in Mitsubishi Motors Corp., clearing the way for Carlos Ghosn to take over as chairman of a scandal-plagued partner and embark on his bid to turn around a third major automaker. Ghosn, already chairman and chief executive officer at Nissan and Renault SA, promoted […]

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 […]

Yen’s decline boosts shares but worries exporters

TOKYO — The yen has resumed its downward trajectory against the dollar, and some Japanese exporters, which would normally welcome such movement in their home currency, are now beginning to worry that it will hurt them instead via higher costs of imported materials. The yen declined by more than 1 to the dollar at one […]

Nissan Motor views the Chinese market as “still healthy”

TOKYO — Nissan Motor views the Chinese market as “still healthy” and expects to achieve its sales target of 1.3 million vehicles there in fiscal 2015, CEO Carlos Ghosn told reporters Wednesday. The Japanese automaker’s sales in the world’s largest market edged 0.5% higher to 1.2 million units in the year through March, according to […]

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 Exports Jump More Than Forecast – Dec 2014

Japan’s exports rose more than forecast in December, reaching the highest level in six years and paring a record annual trade deficit caused by energy purchases and a surge in imports before April’s sales-tax increase. Overseas shipments climbed 12.9 percent from a year earlier, the finance ministry reported Monday, compared with the median estimate for […]