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 […]