Tag - carmakers

 
 

CARMAKERS

A fund controlled by Effissimo Capital Management has taken a stake in Nissan Motor.
BUSINESS / Companies
Nov 13, 2024
Nissan enters new era of turmoil as Effissimo takes stake
The big question is whether CEO Makoto Uchida can deliver a turnaround or be forced to make more drastic changes by an influential outsider.
Nissan’s filing said Suntera (Cayman) is the buyer of the 2.5% stake and listed Suntera as a trustee of ECM Master Fund.
BUSINESS / Companies
Nov 12, 2024
Nissan surges after firm linked to hedge fund takes 2.5% stake
The jump is a remarkable turnaround for Nissan’s stock, which plunged last week after the carmaker slashed jobs and said it would cut manufacturing capacity by a fifth.
Japan will urge automakers to make all new passenger cars biofuel-compatible by the early 2030s, with an action plan from the industry ministry expected next summer.
BUSINESS / Economy
Nov 12, 2024
Japan to aim for all new cars to be biofuel-compatible in 2030s
The ministry will adopt an action plan around next summer and also plans to support the necessary renovation of gas stations.
Japanese exporters could be hit by higher U.S. tariffs.
BUSINESS / Economy
Nov 11, 2024
Trump tariffs could have a significant impact on Japanese exports
The U.S. president-elect has promised 10% to 20% duties on all goods coming into the United States.
Sports motorbikes in various colors are sold at a Yamaha dealer in Chennai, India.
BUSINESS / Companies
Nov 11, 2024
Yamaha Motor targeting Generation Z in India
There is strong demand for motorcycles in the country of more than 1.4 billion people, and local automakers with cheap products command a sizable market share.
Toyota North America COO Jack Hollis said sales of all-electric vehicle should grow organically, without rules penalizing gas-powered car sales.
BUSINESS / Companies
Nov 11, 2024
Toyota executive lashes out at U.S. regulations promoting EV sales
The carmaker’s North America COO, Jack Hollis, described them as “de facto mandates” out of sync with consumer demand.
A Toyota Motor car dealership in Mexico City in 2017
BUSINESS / Companies
Nov 10, 2024
Toyota to invest $1.45 billion in Mexico
The automaker will spend the money on production of next-generation models, including a hybrid version of the Tacoma pickup truck.
Nissan sees its operating income plunging to just ¥150 billion in the fiscal year ending in March, down 70% from its previous forecast.
BUSINESS / Companies
Nov 7, 2024
Nissan cuts outlook and announces restructuring with 9,000 job cuts
The firm sees its operating income plunging to ¥150 billion in the fiscal year ending in March, down 70% from its previous forecast.
Toyota posted its first quarterly profit drop in two years, as slowing sales and production volume stalled the world's top-selling automaker's recent record run.
BUSINESS / Companies
Nov 6, 2024
Toyota keeps profit outlook despite weakness in Japan and China
The carmaker showed signs of recovery from domestic scandals in Japan and major recalls in the United States.
The e Vitara is Suzuki's global strategic EV model, which will also be supplied to leading Japanese automaker Toyota Motor.
BUSINESS / Companies
Nov 5, 2024
Suzuki unveils first mass-market electric vehicle
The model, the e Vitara SUV, will be launched in Japan, Europe and India starting around the summer of 2025.
Toyota is expected to report a 14% year-on-year operating profit decline in July-September, to ¥1.2 trillion ($7.9 billion), according to an average estimate by analysts.
BUSINESS / Companies
Nov 5, 2024
Toyota to post first profit drop in 2 years as demand cools after big run
Toyota is expected to report a 14% year-on-year operating profit decline in July-September, to ¥1.2 trillion ($7.9 billion), according to an average estimate by analysts.
New cars parked at Yantai port, in eastern China's Shandong province, on Oct. 21
BUSINESS / Economy
Oct 31, 2024
China tells carmakers to halt investment in some EU states, sources say
New EU tariffs on Chinese-built electric vehicles have prompted retaliation from Beijing.
Maruti Suzuki, which is majority-owned by Suzuki Motor, will begin production of a new EV from spring 2025 at its plant in the western Indian state of Gujarat.
BUSINESS / Companies
Oct 30, 2024
Toyota to get Suzuki’s first-ever EV as partnership expands
Maruti Suzuki, which is majority-owned by Suzuki, will begin production of the EV from spring 2025 in Gujarat, India.
The Xiaomi SU7 Ultra on stage during its launch in Beijing on Tuesday. The Chinese tech company made its foray into the EV industry earlier this year.
BUSINESS / Companies
Oct 30, 2024
Xiaomi launches faster version of flagship EV in a challenge to Tesla
Xiaomi entered China’s crowded EV market in March with the launch of its hit SU7.
Toyota's worldwide production fell for an eighth straight month in September, as both sales and output declined in its two biggest markets, the United States and China.
BUSINESS / Companies
Oct 30, 2024
Toyota sales fall in Japan and China, as hybrid demand grows in U.S.
Toyota’s sales in Japan shrank nearly 17% this year between January and September.
New cars, among them new China-built electric vehicles of the company BYD, are seen parked in the port of Zeebrugge, Belgium.
BUSINESS / Markets
Oct 30, 2024
EU slaps tariffs on Chinese EVs, risking Beijing backlash
The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3%.
Toyota Motor and Nippon Telegraph and Telephone will spend ¥500 billion together on a project to develop the traffic accident prevention technology, and aim to commercialize it in 2028.
BUSINESS / Companies
Oct 29, 2024
Toyota and NTT to jointly develop driver assistance technology that uses AI
The ¥500 billion project will use artificial inteligence and optical communication infrastructure, aiming to commercialize by 2028.
General Motors CEO Mary Barrabefore an investor meeting in Spring Hill, Tennessee, on Oct. 8. Barra said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable.
BUSINESS / Companies
Oct 24, 2024
Electric vehicles may be struggling. GM’s leader is still a believer.
General Motors CEO Mary Barra says the company is still committed to doing away with combustion engine cars in the United States by 2035.
Honda CR-V sports utility vehicles bound for shipment at a port in Yokohama in May 2022. Honda is recalling more than 720,800 vehicles in the U.S. over concerns that a high-pressure fuel pump may crack and leak fuel, the National Highway Traffic Safety Administration has said.
BUSINESS
Oct 23, 2024
Honda recalling 780,000 vehicles in North America on fuel pump concern
The recall includes certain Accord, CR-V Hybrid and Honda Civic vehicles from model years 2023-25, the National Highway Traffic Safety Administration has said.
The Zeekr Mix at the Beijing Auto Show
BUSINESS / Tech
Oct 21, 2024
Mixing hotpot with horsepower. Have Chinese car gimmicks gone too far?
A recent Zeekr campaign underscores the lengths Chinese EV makers will go to to stand out in an ultracompetitive market.

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