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 […]

Toyota is giving larger chunks of business to a smaller number of suppliers, and it is asking for cost cuts of 30 to 40 percent for some parts – in certain cases double that level.

“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 […]

Nissan shares fall as it lowers profit forecast

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 […]

Japan business mood seen turning positive: BOJ tankan

(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 […]

Nissan says Feb China auto sales down 46 percent y/y

(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 […]

Tesla to open 25 new stores in 2013, first Chinese location this spring

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 […]

Nissan Motor Co Ltd (7201.T) said on Friday it was investing 11 billion baht ($358 million) to build a second assembly plant in Thailand that will have an annual production capacity of 75,000 vehicles when it opens in August 2014.

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.