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 […]

Nissan forecasts global deliveries will climb 8.9% to 5.65 million vehicles this fiscal year, representing a global market share of 6.7%

Nissan Motor Co. (7201), Japan’s second-biggest carmaker, forecast profit that missed analysts’ estimates, as intensifying competition drives up incentive spending in the U.S. Net income will climb 4 percent to 405 billion yen ($4 billion) in the year ending March 31, the highest since the 2008 fiscal year, the Yokohama, Japan-based company said in a […]

March will be one of the most crucial months for the U.S. auto industry in years.

U.S. consumers bought just under 1.2 million new cars and trucks in February, unchanged from a year ago. That follows a 3 percent drop in January — the first year-over-year decline since August 2010. So far this year, new vehicle sales have been on pace to hit a little more than 15 million for the […]

Mexico to Trump Japan as No. 2 Car Exporter to U.S.

Much of the new production is by Japanese companies drawn by the ability to move parts into Mexico without tariffs. Local governments have been competing for new plants by offering tax exemptions, employee training and improved highways connecting the plants to the U.S. border and Mexican ports. Just 25 miles from the new Honda plant, […]

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 […]

Toyota may rethink Thai investment plans if crisis lingers

(Reuters) – Toyota Motor Corp (7203.T) may reconsider investing up to 20 billion baht ($609 million) in Thailand, and could even cut production, if political unrest drags on, the head of the Japanese automaker’s local unit said on Monday. Toyota is the largest car manufacturer in Thailand, producing 800,000 vehicles a year. Plans to increase […]