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 […]
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 […]
SHANGHAI (AP) — Japanese automakers promised special Chinese designs and green technology in addition to the usual flashy fanfare at this year’s Shanghai Auto Show, trying to woo back sales that crumpled during a territorial dispute over East China Sea islands late last year. China is the world’s biggest auto market by number of vehicles […]
NEW YORK, NY–(Marketwire – Feb 21, 2013) – The Trucking Industry has experienced a resurgence over the past few months. The American Trucking Associations’ advanced seasonally adjusted (SA -1.45%, news) For-Hire Truck Tonnage Index increased 2.9 percent to 125.2 in January, the highest on record. Five Star Equities examines the outlook for companies in the […]
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 […]
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 .
For the full year ending in March 2012, Nissan reported net income of 341.4bn yen, a 7% rise on the previous year. Nissan, Japan’s second-biggest carmaker, outperformed rivals Toyota and Honda, both of which reported falling profits. Japanese carmakers have had to deal with many challenges in the past 12 months, including disruption to production […]
Toyota is now engineering a top-to-bottom makeover at its luxury brand. The goal is to become much more than the maker of faultless cars with fairly bland styling. Di Felice and her colleagues around the world are now touting the future of Lexus as a brand selling “bold, emotional and expressive” vehicles with cutting-edge technology. […]