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 […]

Toyota and Nissan Butch Up Their Trucks

Toyota and Nissan haven’t made much of a dent in America’s booming pickup business of late, in part because they haven’t really tried. Nissan hasn’t overhauled its full-sized Titan pickup in 12 years. Toyota’s more popular midsized Tacoma has been largely unchanged for a decade. The listlessness is evident in their sales. Titan sales in […]

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 […]

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 […]

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. […]

Japan’s Isuzu Motors plans to sell 50,000 pickup vehicles in India

Japan’s Isuzu Motors aims to sell 50,000 pickup vehicles in India in the next few years to gain market leadership, a top company executive has said. The company, which has a fully owned subsidiary in Chennai, has earmarked Rs 3,000 crore for a 120,000 units per year manufacturing facility close by. Pickup vehicles, popular in […]

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 […]

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 […]