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 […]
“Behind the recovery at the big carmakers is their pressure on suppliers to cut parts prices. It’s been hitting us like a body blow,” said a senior executive of a company that makes drivetrain-related parts for a major Toyota supplier. At this small company based in Aichi prefecture, home to Toyota and much of its […]
Shares of Japanese carmaker Nissan have fallen 10% to 861 yen in Tokyo after the firm cut its full-year profit forecast. On Friday, the firm said it expected to make a profit of 355bn yen ($3.6bn; £2.2bn) for the year to 31 March 2014, down from an earlier forecast of 420bn. Nissan said tough conditions […]
(Reuters) – Japanese manufacturers’ sentiment turned positive in the three months to June for the first time in nearly two years, a closely-watched central bank survey is likely to show on Monday in a sign recent market turbulence has yet to hurt the feel-good mood created by the government’s reflationary policies. The Bank of Japan’s […]
(Reuters) – Nissan Motor Co Ltd and its China joint venture sold about 58,200 cars in China in Febuary, down 46 percent from a year earlier, the Japanese automaker said on Monday. That compares with a rise of 22.2 percent rise in January from a year earlier, though figures were skewed because of the timing […]
Getting yourself into a new Tesla is going to get a little easier in 2013. The company opened 13 stores in 2012, but this year has designs to double that. On the show floor of the North American International Auto Show in Detroit, George Blankenship, VP of sales, confirmed a plan that will see 25 […]
Capacity would eventually be raised to 150,000 vehicles. “Adding 150,000 units of production capacity will not only enable us to raise our competitiveness in the domestic market but will ensure Thailand’s position as a key strategic global export hub for Nissan,” executive vice-president Hiroto Saikawa said in a statement.
Japan’s Isuzu Motors will build a new plant to reinforce the production capacity of Isuzu Motors Thailand Ltd to meet increasing demand for D-Max pickup trucks and their derivatives. The automaker badly needs to expand its capacity, as back orders of the D-Max mid-sized model remain so high that Isuzu cannot guarantee delivery for all […]
Japanese carmaker Nissan (7201.T) plans to offer a lower-priced version of its Leaf electric car, which has been selling well below the company’s predictions, the Financial Times reported on Monday. Nissan sold fewer than 12,000 Leafs in the first half of this fiscal year, up 11 percent on last year, but falling well short of […]
Honda Motors has reported a four-fold increase in earnings during the first quarter as it continued to recover from last year’s natural disasters. Net profit was 131.7bn yen ($1.7bn; £1.1bn) in the April to June period, up from 31.7bn yen a year earlier. To continue reading this article, please go to http://www.bbc.co.uk/news/business-19059214 .