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 Motor views the Chinese market as “still healthy”

TOKYO — Nissan Motor views the Chinese market as “still healthy” and expects to achieve its sales target of 1.3 million vehicles there in fiscal 2015, CEO Carlos Ghosn told reporters Wednesday. The Japanese automaker’s sales in the world’s largest market edged 0.5% higher to 1.2 million units in the year through March, according to […]

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 […]

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 […]

Auto-Loan Rates at Record Lows Helps Drive Sales in U.S.

With car prices rising, more people are financing their purchases. This year through August, 59 percent of car buyers took out a loan, compared with 53 percent in 2007, according to J.D. Power. Leasing, which also becomes more affordable as the cost of money drops, grew to 21 percent of sales, up from 13 percent […]