Asia autos correspondent, Tokyo
Chang-Ran's Feed
Nov 20, 2014

As U.S. hearings loom, Takata faces long slog in air bag crisis

WASHINGTON/TOKYO, Nov 20 (Reuters) – Takata Corp
faces a long battle to gauge the fallout from a fast-moving air
bag crisis as recalls mount up, adding to the costs for the
loss-making Japanese auto parts maker.

Two U.S. Senators have called a news conference on Thursday
with the sister of someone who died in an Arizona accident in
2003 – potentially a sixth fatality linked to Takata air bags.
Arizona, which has a dry climate, has not been
covered by a regional recall focusing on hot and humid areas.

Nov 18, 2014

Toyota aims to replicate Prius success with fuel cell Mirai

NEWPORT BEACH California/TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) will introduce its first mass-market fuel cell car next month, hoping to replicate the success of its Prius hybrid with a vehicle that runs on hydrogen instead of gasoline.

The four-seater sedan, named Mirai, the Japanese word for “future”, will first go on sale in four cities in Japan on Dec. 15. Sales in the United States and Europe will follow in the fourth quarter of 2015, the world’s biggest automaker said, unveiling the car simultaneously in California and Tokyo.

Nov 13, 2014

Honda discloses 5th Takata air bag-linked fatality, widens recall

TOKYO, Nov 13 (Reuters) – Honda Motor Co said on
Thursday that a driver in Malaysia had died after a July
accident involving an air bag supplied by Takata Corp,
and widened its recall for the defective air bags by another
170,000 vehicles.

In the fatal accident, involving a 2003 Honda City model,
the air bag inflator ruptured and sent shrapnel into the
vehicle, some of which struck the driver, Honda said, adding it
was not clear whether the woman driver was killed by the air bag
explosion or another cause, citing a local police report.

Nov 6, 2014

Japan’s Ezaki Glico aims to conquer world with Pocky stick snacks

OSAKA, Nov 7 (Reuters) – For the first time in its 92-year
history, Japanese snacks maker Ezaki Glico is getting
serious about growing overseas, aiming to fatten its Pocky
biscuit into a $1 billion brand to rival global giants such as
Hershey’s and Oreo.

The company’s Glico brand and its 48-year-old stick-shaped,
chocolate-coated Pocky pretzels are household names in Japan but
elsewhere the marque has stalled, capping the firm’s overseas
business at just a tenth of its $3 billion revenue.

Oct 31, 2014

Japan’s Mazda Motor, Fuji Heavy post big Q2 profit jump on weak yen

TOKYO, Oct 31 (Reuters) – Japanese automakers Mazda Motor
Corp and Fuji Heavy Industries Ltd posted rosy
second-quarter profit growth on Friday as a weak yen made their
exports more lucrative.

The second-tier automakers benefit the most among their
domestic peers from a cheaper yen because they ship overseas
about 80 percent of their Japan-made vehicles. Earnings made
abroad are worth more when repatriated under a weak yen.

Oct 29, 2014

SoftBank’s humanoid robot lands job as Nescafe salesman

TOKYO, Oct 29 (Reuters) – Nestle SA will enlist a
thousand humanoid robots to help sell its coffee makers at
electronics stores across Japan, becoming the first corporate
customer for the chatty, bug-eyed androids unveiled in June by
tech conglomerate SoftBank Corp.

Nestle has maintained healthy growth in Japan while many of
its big markets are slowing, crediting a tradition of trying out
off-beat marketing tactics in what is a small but profitable
territory for the world’s biggest food group.

Oct 28, 2014

Honda cuts sales forecast as recalls delay new model roll-outs

TOKYO (Reuters) – Honda Motor Co Ltd (7267.T: Quote, Profile, Research, Stock Buzz) has trimmed its full-year sales forecast citing “tough” competition in Japan and China as well as the impact of recalls on new-model development, but said a weak yen would help it maintain its operating profit goal.

The Japanese automaker also said on Tuesday that operating profit fell 4.1 percent to 164.4 billion yen ($1.52 billion) in the second quarter, missing the 184.1 billion yen average estimate of 14 analysts polled by Thomson Reuters I/B/E/S.

Oct 24, 2014

Honda execs take pay cut after 5th Fit hybrid recall

TOKYO (Reuters) – Honda Motor Co said on Thursday its president and 12 other executives would take an unprecedented, quality-related pay cut after the Japanese automaker announced the fifth recall in a year of its new Fit hybrid model.

The recall, which covers 425,825 Fit hybrid vehicles and other models in Japan, comes as Honda is facing lawsuits due to accidents involving airbags supplied by Takata Corp. The airbags have been linked to four deaths – all on Hondas – and have triggered a multi-million vehicle recall by many automakers worldwide.

Oct 24, 2014

(OFFICIAL) UPDATE 2-Honda execs take pay cut after 5th Fit hybrid recall

TOKYO, Oct 23 (Reuters) – Honda Motor Co said on
Thursday its president and 12 other executives would take an
unprecedented, quality-related pay cut after the Japanese
automaker announced the fifth recall in a year of its new Fit
hybrid model.

The recall, which covers 425,825 Fit hybrid vehicles and
other models in Japan, comes as Honda is facing lawsuits due to
accidents involving airbags supplied by Takata Corp.
The airbags have been linked to four deaths – all on Hondas -
and have triggered a multi-million vehicle recall by many
automakers worldwide.

Oct 23, 2014

Honda execs to take pay cut after fifth Fit hybrid recall

TOKYO, Oct 23 (Reuters) – Honda Motor Co said on
Thursday its president and 12 other executives would take an
unprecedented pay cut after the Japanese automaker announced the
fifth recall in a year of its new Fit model.

The recall, which covers 425,825 vehicles in Japan, comes as
Honda is facing lawsuits due to accidents involving airbags
supplied by Takata Corp. The airbags have been linked
to four deaths – all on Hondas – and have triggered a
multi-million vehicle recall by several automakers worldwide.

    • 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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