Asia autos correspondent, Tokyo
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May 28, 2015

Honda expands air bag recall after Takata complies with US order

TOKYO, May 28 (Reuters) – Honda Motor Co called
back about 340,000 cars in Japan to replace air bag inflators
made by Takata Corp after the Tokyo-based parts
supplier last week agreed to comply with U.S. orders to expand
some of its previous recalls.

Honda, Japan’s third-biggest automaker, disclosed the recall
in a filing in Tokyo on Thursday. It said it made similar
filings in the United States on Wednesday, but declined to
disclose the number of cars affected pending an official
announcement by U.S. safety regulators.

May 13, 2015

Nissan sees profit gains on vehicle sales growth, cost cuts

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz), Japan’s second-biggest automaker, said it expects operating profit to climb 15 percent this financial year, forecasting vehicle sales growth in most regions and promising large cost cuts.

That follows robust earnings in the year just ended thanks to big currency gains and the popularity of its Rogue crossover SUV and other models in the United States.

May 13, 2015

Toyota, Mazda plan long-term partnership to confront tech challenges

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) and Mazda Motor Corp (7261.T: Quote, Profile, Research, Stock Buzz) announced plans for a long-term partnership that would go deeper than existing project-based ties as the industry faces escalating costs and technical challenges including environmental and safety requirements.

Toyota, Japan’s largest automaker, and second-tier producer Mazda said they would set up a joint committee that would encourage broad collaboration across a broad range of fields.

May 13, 2015

Japan’s 3 top carmakers to expand Takata air bag recalls by millions

TOKYO, May 13 (Reuters) – Japan’s three biggest carmakers
said on Wednesday they would expand a huge global recall
triggered by potentially fatal air bags made by Takata Corp
, saying they were taking back millions of vehicles
worldwide for investigation.

Toyota Motor Corp and Nissan Motor Co said
they were recalling some 6.5 million vehicles globally, while
Honda Motor Co Ltd said it would follow suit, without
giving further details.

May 13, 2015

Nissan sees 15 pct operating profit rise on growth in vehicle sales

YOKOHAMA, Japan, May 13 (Reuters) – Nissan Motor Co
said it expects operating profit to climb a solid 15 percent
this financial year, forecasting growth in vehicle sales for
every region except Japan.

The estimate follows robust earnings growth in the year just
ended thanks to the popularity of its Rogue cross-over SUV and
other vehicles in the United States, as well as big
currency-related gains.

May 8, 2015

Toyota flags 3rd year of record profit on strong US sales, cost cuts

TOKYO, May 8 (Reuters) – Toyota Motor Corp said it
will crank net profit up to a third straight record this year as
cost cuts and rising U.S. sales offset weaker business
elsewhere, building on bumper earnings last year powered largely
by foreign-exchange gains.

Reporting net income jumped 50 percent in the quarter ended
March, the world’s top-selling automaker said on Friday it
expects net profit to rise 3.5 percent to 2.25 trillion yen
($18.75 billion) in the year that began in April.

May 8, 2015

Fuji Heavy forecasts jump in annual profits, plans more U.S. capacity

TOKYO, May 8 (Reuters) – Fuji Heavy Industries Ltd,
the maker of Subaru cars, forecast a big jump in annual profits
citing a stronger dollar and higher sales in the U.S. market,
its biggest, saying it would add capacity there earlier than
planned to meet red-hot demand.

An acute supply shortage has been the biggest challenge for
the Tokyo-based automaker as demand for cars such as the Legacy,
Outback and Forester has shown no sign of letting up in the
United States.

Apr 28, 2015

Honda forecasts flat profit this year as quality fixes weigh

TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) forecast on Tuesday a scant 0.4 percent rise in net profit for the year that began on April 1, saying higher quality-related costs and currency losses would offset gains from vehicle sales growth.

The forecasts look especially weak after Japan’s No.3 automaker reported earnings that fell far short of its guidance in the just-ended year, when quality problems delayed vehicle development, pushed up costs and hampered sales.

Apr 28, 2015

Honda forecasts flat profit this year after tough 2014/15

TOKYO, April 28 (Reuters) – Honda Motor Co forecast
a scant 0.4 percent rise in net profit for the year that began
on April 1, after falling short of its guidance in the year just
ended when quality problems delayed vehicle development and
hampered sales.

Last year’s profit shortfall was due about half to
quality-related costs and half to weaker sales in the United
States and Japan, Honda Executive Vice President Tetsuo Iwamura
told a briefing for reporters.

Apr 24, 2015

Mazda projects modest 3.5 pct rise in FY op profit amid forex headwinds

TOKYO, April 24 (Reuters) – Japan’s Mazda Motor Corp
on Friday forecast a modest 3.5 percent rise in
operating profit in the year ahead, as losses from the yen’s
strength against the euro, Australian dollar and Thai baht take
the shine off higher vehicle sales.

For the year though March 2016, Mazda said it expected an
operating profit of 210 billion yen ($1.76 billion), based on a
dollar rate of 120 yen and a euro rate of 130 yen. A Thomson
Reuters survey of 24 analysts before the statement estimated the
annual profit would be about 234 billion yen.

    • About Chang-Ran

      "I have been covering the Japanese auto industry since 2002, broadening coverage to the Asian region in 2003."
      Joined Reuters:
      2000
      Languages:
      English, Japanese, Spanish
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