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 […]

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 […]

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. […]

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 […]