Asia autos correspondent, Tokyo
Chang-Ran's Feed
Jul 6, 2011

Mitsubishi Motors unveils cheaper i-MiEV electric car

TOKYO, July 6 (Reuters) – Mitsubishi Motors Corp
launched two new versions of the i-MiEV electric car on
Wednesday, slashing the price on one and extending the range on
the other to appeal to more consumers in the nascent
zero-emission field.

Mitsubishi Motors became the first major automaker to
mass-produce pure electric cars with the egg-shaped i-MiEV and
leads the segment so far with 10,000 vehicles sold globally
since mid-2009. It has exported another 4,000 electric cars for
sale under PSA Peugeot Citroen’s brands.

Jul 6, 2011

Fuji Heavy aims to boost global sales 40 pct in 5 years

TOKYO, July 6 (Reuters) – Fuji Heavy Industries Ltd
, the maker of Subaru cars, said on Wednesday it aims to
boost global sales by 40 percent to 900,000 vehicles in the next
five years, fuelled by four new models including its first
hybrid car.

Announcing a new five-year business plan, Fuji Heavy also
said it would target an operating profit of 120 billion yen
($1.5 billion) and a profit margin of 6 percent in the year
ending in March 2016, based on an average dollar rate of 90 yen
and euro of 120 yen. Last business year, its operating profit
was 84.14 billion yen.

Jul 4, 2011

New engine gives Ferrari reason to stay in F1

TOKYO (Reuters) – The decision by Formula One to switch to a V6 turbo engine from 2014 has given Ferrari added reason to stay in the sport, the company’s chairman Luca di Montezemolo said on Monday.

The Italian had been critical of earlier plans to switch to a ‘greener’ 1.6 litre four-cylinder engine, but those plans were officially dropped last week in favour of a new V6 1.6 litre turbo engine to replace the current V8 engine.

Jul 4, 2011

Motor racing-New engine gives Ferrari reason to stay in F1

TOKYO, July 4 (Reuters) – The decision by Formula One to
switch to a V6 turbo engine from 2014 has given Ferrari added
reason to stay in the sport, the company’s chairman Luca di
Montezemolo said on Monday.

The Italian had been critical of earlier plans to switch to
a ‘greener’ 1.6 litre four-cylinder engine, but those plans were
officially dropped last week in favour of a new V6 1.6 litre
turbo engine to replace the current V8 engine.

Jul 2, 2011

Japan trudges into power-save mode as summer looms

YOKOSUKA, Japan, July 2 (Reuters) – In the muggy, unlit shed
next to a Nissan car factory near Tokyo, four men in polo shirts
are spending their Saturday staring at computer screens,
monitoring how much power the firm’s plants and offices across
eastern Japan are using.
    So far, on the first day of the working week under a new
summertime schedule, there appears to be no danger of their
setting off a warning alarm, triggered when near the limit on
electricity use set by Japan’s struggling utilities.
    The factory itself, which makes the Leaf electric car and
Juke crossover among others, is humming with heat and activity.

For Japanese auto and auto parts makers, July 2 marked the
start of a Saturday-to-Wednesday working week — an industry
move to cut power use at peak times.

Jul 1, 2011

Maruti Suzuki sales decline 8.8 pct in June

TOKYO/SEOUL (Reuters) – New vehicle sales in Japan slumped by more than a fifth in June as the production disruption from the March earthquake lingered, but the data showed a big improvement from the previous months as more parts became available.

In neighbouring South Korea, Hyundai Motor and Kia Motors extended their strong run with double-digit growth, driven by brisk sales of new models.

Jul 1, 2011

Japan car sales slump, Koreans gain globally

TOKYO/SEOUL, July 1 (Reuters) – New vehicle sales in Japan
slumped by more than a fifth in June as the production
disruption from the March earthquake lingered, but the data
showed a big improvement from the previous months as more parts
became available.

In neighbouring South Korea, Hyundai Motor and
Kia Motors extended their strong run with
double-digit growth, driven by brisk sales of new models.

Jun 29, 2011

Renault eyes 35 pct stake in Russia’s AvtoVaz, Nissan 15 pct

TOKYO, June 29 (Reuters) – Renault SA may raise
its stake in top Russian car maker AvtoVAZ to 35
percent, while Nissan Motor Co will likely own 15
percent, Renault-Nissan CEO Carlos Ghosn said in an analyst
presentation.

Ghosn gave the breakdown during a presentation to financial
analysts of Nissan’s new, six-year business plan on Monday,
according to several participants reached by Reuters on
Wednesday.

Jun 29, 2011

Renault eyes 35 pct stake in Russia’s AvtoVaz, Nissan 15 pct

TOKYO, June 29 (Reuters) – Renault SA may raise
its stake in top Russian car maker AvtoVAZ to 35
percent, while Nissan Motor Co will likely own 15
percent, Renault-Nissan CEO Carlos Ghosn said in an analyst
presentation.

Ghosn gave the breakdown during a presentation to financial
analysts of Nissan’s new, six-year business plan on Monday,
according to several participants reached by Reuters on
Wednesday.

Jun 28, 2011

Nissan hopes to hit 8 pct op margin within 3 yrs-CEO

YOKOHAMA, Japan, June 28 (Reuters) – Nissan Motor Co’s
chief executive said on Tuesday he hopes the company
can reach its operating profit margin target of 8 percent during
the first three years of a newly announced business plan.

Carlos Ghosn unveiled a six-year growth plan, called “Nissan
Power 88″, on Monday targeting an 8 percent global market share
and operating profit margin by the business year ending in March
2017.

    • 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:
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