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 […]

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 […]

Improved business sentiment as Japanese yen hits pass 110

Business sentiment in Japan improved in the three months to September, the Bank of Japan’s Tankan survey showed on Wednesday. The headline index for big manufacturers’ sentiment rose to plus 13, above expectations of plus 10 in a Reuters poll and up from plus 12 in the previous quarter. “The big manufacturers index is actually […]

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 […]

US auto sales hit 9-year high in May

DETROIT (AP) — Brisk demand for SUVs and pickup trucks — and five sunny weekends — pushed U.S. auto sales to a nine-year high in May. Chrysler, Nissan and Toyota all reported double-digit sales gains over last May. Even General Motors, battling bad publicity from a mishandled recall, surprised with a 13 percent sales increase. […]

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 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 […]

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 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 […]