TOKYO, June 30 (Reuters) – Suzuki Motor Corp’s
85-year-old CEO Osamu Suzuki named his eldest son as the new
president of Japan’s fourth-biggest automaker, easing investor
concerns over the firm’s succession plan and boosting the
company’s shares by more than 5 percent.
Executive Vice President Toshihiro Suzuki took over the role
from his father as president and chief operating officer
effective Tuesday. Osamu Suzuki remained as CEO and chairman.
TOKYO (Reuters) – The head of Japan’s Takata Corp said an internal probe into its potentially deadly air bag inflators was not progressing well, but vowed to stay at the helm until trust in the safety of its products was restored.
Facing the media for the first time since the company’s recall crisis erupted over a year ago, Chief Executive Shigehisa Takada apologised for the defective inflators, which have been linked to eight deaths and more than 100 injuries.
TOKYO (Reuters) – The head of Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) said an internal probe into why the Japanese supplier’s air bag inflators were failing was not progressing well, as millions of cars continue to be called back to replace the potentially deadly component.
Chief Executive Shigehisa Takada, grandson of the company’s founder, made the comment at Takata’s annual shareholders’ meeting on Thursday in response to a question as to when analyses of the problem would be concluded.
TOKYO (Reuters) – Toyota Motor Corp moved into damage control mode on Friday after its new communications chief, an American and its first senior woman executive, was arrested on suspicion of illegally bringing pain killers into Japan just two months after her high-profile appointment.
Japanese media reports on Friday quoted police investigators as saying 57 highly addictive Oxycodone pills from the United States were scattered in a small parcel addressed to Hamp in Japan and labeled “necklaces”. The parcel contained toy pendants and necklaces as well as the pills, they said.
TOKYO (Reuters) – Toyota Motor Corp’s head of public relations, an American and its first female executive, was arrested on Thursday on a suspected violation of Japan’s drug laws for sending a painkiller through the mail, Tokyo police said.
Toyota Managing Officer and Chief Communications Officer Julie Hamp, who was appointed to her post at Japan’s biggest automaker in April, told police she did not think she had imported an illegal substance, a spokesman for Tokyo’s Metropolitan Police Department said.
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.
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.
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.
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.
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