Mari's Feed
Jan 26, 2015

Japan’s Marubeni halves profit outlook on oil price slide, Gavilon

TOKYO, Jan 26 (Reuters) – Japanese trading house Marubeni
Corp halved its annual profit forecast on Monday after
plunging oil, copper and coal prices weighed on its resource
assets and it booked an impairment charge for its grains unit
Gavilon.

Like international oil majors and mining companies, Japan’s
trading companies have been caught flat-footed by the rout in
commodities, with oil down as much as 60 percent
and copper falling about 25 percent since the middle of
last year.

Jan 23, 2015

Japan captive’s mother pleads for his release as Islamic State deadline nears

TOKYO (Reuters) – The mother of a Japanese journalist held captive by Islamic State militants along with another Japanese citizen appealed for his safe release on Friday as a ransom deadline neared and the government acknowledged it was in an “extremely severe situation”.

Prime Minister Shinzo Abe has said saving the men’s lives is paramount but that Japan will not bow to terrorism.

Dec 24, 2014

Takata says president stepping down to streamline air bag recall response

TOKYO (Reuters) – Takata Corp, the auto supplier
embroiled in a global safety crisis, said Wednesday its
president, Stefan Stocker, would step down and its chairman
would assume the role to unify the company’s response to the
recall of millions of vehicles carrying defective air bags.

Stocker, a Swiss national, joined Takata from privately-held
supplier Robert Bosch as Takata’s first foreign president and
will remain with the company as a board member.

Dec 19, 2014

Nissan CEO says suspending some Russia car orders in ‘bloodbath’ for automakers

TOKYO (Reuters) – Japan’s Nissan Motor Co (7201.T: Quote, Profile, Research) and French partner Renault SA (RENA.PA: Quote, Profile, Research) have stopped taking orders for some cars in Russia and could raise prices on others if the rouble’s plunge continues, alliance Chief Executive Carlos Ghosn said on Friday.

“We have suspended taking orders,” Ghosn told reporters at Nissan’s headquarters in Yokohama, saying the freeze is limited to specific models while orders already placed are being honoured. “We didn’t do it (suspend orders) overall, just on some models we said, ‘Sorry, until we see where this situation is going we don’t take orders.”

Dec 19, 2014

Nissan-Renault has suspended orders on some models in Russia

TOKYO (Reuters) – Japan’s Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) and French partner Renault SA (RENA.PA: Quote, Profile, Research, Stock Buzz) have stopped taking orders for some cars in Russia and could raise prices on others if the ruble’s plunge continues, alliance Chief Executive Carlos Ghosn said on Friday.

“We have suspended taking orders,” Ghosn told reporters at Nissan’s headquarters in Yokohama. “We didn’t do it overall, just on some models. We said, ‘Sorry, until we see where this situation is going we don’t take orders.’”

Dec 11, 2014

Japan automakers add 550,000 cars to Takata air bag recalls

TOKYO (Reuters) – Three Japanese automakers will recall more than half a million cars globally to replace air bag inflators made by Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz), bringing the total tally of Takata-related recalls across all brands to around 20 million since 2008.

The recalls announced on Thursday by Honda Motor (7267.T: Quote, Profile, Research, Stock Buzz), Nissan Motor (7201.T: Quote, Profile, Research, Stock Buzz) and Mitsubishi Motors (7211.T: Quote, Profile, Research, Stock Buzz) correspond with a similar, precautionary recall by Toyota Motor (7203.T: Quote, Profile, Research, Stock Buzz) last week after a recent “unusual deployment” of a passenger-side air bag at a scrap yard in Japan.

Dec 4, 2014

Toyota expands Takata air bag recall in Japan, China; cause unknown

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) said on Thursday it would call back 190,000 more vehicles, mostly in Japan, to replace potentially defective air bags made by Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz), the latest in a long line of recalls for the embattled auto parts supplier.

The move follows an unusual deployment of a Takata-made air bag inflator in a 2003-model Toyota Will Cypha subcompact at a scrapyard in Japan last month, and the cause of the potential problem is still unknown, Japan’s transport ministry said.

Dec 2, 2014

Worried about broader fallout, Japan moves to contain air bag crisis

TOKYO, Dec 3 (Reuters) – Japan’s auto recall enforcement
division, whose 16 members work from a cramped office on the
eighth floor of the transport ministry building in Tokyo, only
found out about safety issues with Takata Corp air bags
in late-2008 – more than three years after the company says it
first learned of problems.

The ministry, which doubles as Japan’s safety regulator,
then took a largely passive approach to the crisis unfolding in
the United States – Takata’s biggest market where more than 10
million cars have since been recalled – rubber-stamping recall
filings by automakers after incidents reported abroad.

Nov 28, 2014

Japan may expand air bag recalls; worried about impact on industry

TOKYO, Nov 28 (Reuters) – Honda Motor and Mazda
Motor may have to recall another 200,000 cars in Japan
to replace Takata Corp air bags if Takata complies with
a U.S. order to recall cars across the United States rather than
just in humid regions.

Several automakers in the U.S. have issued regional recalls
of certain models to investigate what is causing some Takata air
bags to explode with excessive force. U.S. safety regulators
have ordered Takata to have those recalls expanded nationwide.

Nov 27, 2014

Toyota recalls more cars for dangerous Takata air bags

TOKYO, Nov 27 (Reuters) – Toyota Motor Corp said on
Thursday it would recall 57,000 vehicles globally to replace
potentially deadly air bags made by Takata Corp, as a
safety crisis around the Japanese auto parts maker looks far
from being contained.

Toyota’s action follows a recall by rival Honda Motor Co
for the same problem two weeks ago after revelations of
a fifth death, in Malaysia, linked to Takata’s air bag inflator.
More than 16 million vehicles have been recalled worldwide since
2008 over Takata’s air bag inflators, which can explode with too
much force and spray metal fragments into the car.