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 […]

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.┬áMexico lacks the layers of reliable domestic suppliers needed […]

Truck sales keep Japanese buoyant in U.S.

Honda market share in the US shrunk by 0.1% despite its vehicle sales jumping 6% from a year ago, as rivals have posted stronger growth helped by sales of light trucks. “Pickups and SUVs are growing in the US market, helping the Detroit-based carmakers… Our light-truck supply was relatively low, but we are introducing a […]

Japan business mood seen turning positive: BOJ tankan

(Reuters) – Japanese manufacturers’ sentiment turned positive in the three months to June for the first time in nearly two years, a closely-watched central bank survey is likely to show on Monday in a sign recent market turbulence has yet to hurt the feel-good mood created by the government’s reflationary policies. The Bank of Japan’s […]

Japan growth data revision adds to recovery hopes

Japan has revised up its growth numbers for the first three months of the year, adding to hopes of a recovery in the world’s third-largest economy. The economy grew 1% between January and March, compared to the previous three months, indicating an annualised growth of 4.1%, the cabinet office said. That is up from the […]

Japan’s economy shows recovery signs in boost for Abe

Japan’s economy, the third largest in the world, expanded at its quickest pace in a year, showing signs of an economic recovery. Gross domestic product grew 0.9% in the three months to March compared to the previous quarter, indicating an annualised rate of 3.5%. Japan grew at a rate of 1% at the end of […]