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 […]

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 […]

Novelis to More Than Triple Aluminum Recycling on Car Demand

While there are concerns about the economic slowdown in China, the world’s biggest user of aluminum, the Asian country is still “very attractive” in the long term, Prichett said. The country accounts for about 40 percent of global production and demand, according to an estimate from researcher Brook Hunt. “When we say slowdown in growth, […]