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 […]

Thai Auto Sales Plunged in April

BANGKOK—Auto sales and production in Thailand tumbled again last month amid the nation’s political turmoil. April production totaled 126,730 vehicles, down 25.6% from a year earlier, said the Federation of Thai Industries’ Automotive Industry Club—and a slight easing from March’s 29% contraction. Sales were off 33% over the year-earlier level to 73,242 vehicles. For the […]

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 […]

Nissan forecasts global deliveries will climb 8.9% to 5.65 million vehicles this fiscal year, representing a global market share of 6.7%

Nissan Motor Co. (7201), Japan’s second-biggest carmaker, forecast profit that missed analysts’ estimates, as intensifying competition drives up incentive spending in the U.S. Net income will climb 4 percent to 405 billion yen ($4 billion) in the year ending March 31, the highest since the 2008 fiscal year, the Yokohama, Japan-based company said in a […]

Nissan profits beat estimates as weaker yen helps sales

Nissan has reported better-than-expected profits, helped by the weakening yen and by a recovery in sales in China. Japan’s second-biggest carmaker said profit rose 57% to 84.3bn yen ($825m; £503m) for the last months of 2013, beating analysts’ estimates. It also sold a record 5.1 million vehicles globally last year. The positive results come three […]

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 […]

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 […]