Asia autos correspondent, Tokyo
Chang-Ran's Feed
Feb 25, 2011

Renault-Nissan CEO rules out merger between

YOKOHAMA, Japan (Reuters) – Carlos Ghosn on Friday ruled out a merger between Renault and Nissan, the two auto giants he heads, but said he would review the capital structure of the partnership after pressure from investors in the struggling French car maker.

The issue of Renault’s (RENA.PA: Quote, Profile, Research) capital tied up in Nissan Motor (7201.T: Quote, Profile, Research) has become a major talking point in the financial market, which was disappointed that Renault’s six-year business plan, announced this month, lacked a more immediate catalyst to free up cash for the company’s growth.

Feb 25, 2011

Renault-Nissan CEO rules out merger between companies

YOKOHAMA, Japan (Reuters) – Carlos Ghosn on Friday ruled out a merger between Renault and Nissan, the two auto giants he heads, but said he would review the capital structure of the partnership after pressure from investors in the struggling French car maker.

The issue of Renault’s (RENA.PA: Quote, Profile, Research) capital tied up in Nissan Motor (7201.T: Quote, Profile, Research) has become a major talking point in the financial market, which was disappointed that Renault’s six-year business plan, announced this month, lacked a more immediate catalyst to free up cash for the company’s growth.

Feb 16, 2011

Toyota, defying strong yen, opens new Japan plant

OHIRA VILLAGE, Japan, Feb 16 (Reuters) – Toyota Motor
(7203.T: Quote, Profile, Research, Stock Buzz) inaugurated its first new factory in Japan in nearly two
decades on Wednesday, betting that advanced, low-cost Japanese
production techniques can prevail even as a strong yen drives many
manufacturers abroad.

The 120,000 unit-a-year plant at its subsidiary Central Motor
will add to a growing production base for Toyota in northeastern
Japan, just as the world’s biggest automaker is losing money on
many export-bound cars with the yen JPY= trading not far above
80 to the dollar — a stone’s throw from a record high set more
than 15 years ago.

Feb 9, 2011

Nissan Q3 falls but forecasts lifted on higher sales

YOKOHAMA (Reuters) – Nissan Motor Co’s (7201.T: Quote, Profile, Research) quarterly profit fell 15 percent on a stronger yen and sliding Japanese demand, but the decline was the slimmest among local automakers and it lifted its outlook on growing overseas sales.

Nissan, which overtook Honda Motor as Japan’s second-biggest automaker last year, has been a standout particularly in China, where a lineup of small cars that qualified for tax incentives fuelled 36 percent sales growth last year.

Feb 9, 2011

Nissan Q3 down 15 percent, ups forecast to match consensus

YOKOHAMA (Reuters) – Nissan Motor Co’s (7201.T: Quote, Profile, Research, Stock Buzz) quarterly profit fell 15 percent on a stronger yen and sliding Japanese sales, but the decline was the slimmest among local automakers as a slew of new models helped Nissan beat the sector’s growth in key markets.

Nissan, which overtook Honda Motor as Japan’s second-biggest automaker last year, has been a standout particularly in China, where a lineup of small cars that qualified for tax incentives fueled 36 percent sales growth last year.

Feb 9, 2011

Nissan Q3 down 15 pct, ups f’cast to match consensus

YOKOHAMA, Feb 9 (Reuters) – Nissan Motor Co’s (7201.T: Quote, Profile, Research, Stock Buzz)
quarterly profit fell 15 percent on a stronger yen and sliding
Japanese sales, but the decline was the slimmest among local
automakers as a slew of new models helped Nissan beat the
sector’s growth in key markets.

Nissan, which overtook Honda Motor as Japan’s second-biggest
automaker last year, has been a standout particularly in China,
where a lineup of small cars that qualified for tax incentives
fuelled 36 percent sales growth last year.

Feb 8, 2011

Nissan Q3 drop seen limited as sales outpace rivals

TOKYO, Feb 9 (Reuters) – Nissan Motor Co is expected to report a
smaller decline in quarterly profit than its domestic rivals as a slew of new
model launches helped Japan’s No.2 automaker beat the industry’s sales growth in
key markets.

Nissan has been a standout particularly in China, where its line-up is heavy
in smaller cars such as the Tiida compact, which qualified for tax incentives.
Nissan was also among the only brands to grow in the tepid European market as
consumers liked the new Juke crossover and demand stayed strong for the older
Qashqai SUV.

Feb 8, 2011

Toyota lifts forecast sharply but yen remains drag

TOKYO (Reuters) – Toyota Motor Corp lifted its annual forecasts beyond market expectations as cost-cuts and sales exceeded its plans, but a heavy reliance on exports will keep it a laggard as long as the yen stays strong.

The world’s top automaker posted a smaller-than-expected fall in third-quarter profits and raised its sales forecast for the year ending March 31 by 70,000 vehicles to 7.48 million, thanks to better than expected sales in Asia, Japan and Russia.

Feb 8, 2011

Toyota Q3 profit halves, lifts full-year forecast

TOKYO (Reuters) – Toyota Motor Corp’s 48 percent drop in quarterly profit highlighted its exposure to a firm yen, but the world’s No.1 automaker raised its full-year outlook beyond market forecasts on stronger sales projections and cost cuts.

Japan’s No.2 Nissan Motor Co is also expected on Wednesday to report a drop in third-quarter profits due to the stronger yen and falling demand in Japan and smaller rival Honda Motor Co has already posted weaker results for the period. But the decline at Toyota is set to be the deepest given its heavier exposure to unprofitable exports from Japan.

Feb 8, 2011

Toyota Q3 operating profit falls 47.6 percent

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research) reported a 47.6 percent drop in quarterly profits, hit by slumping Japanese car sales and a firm yen, highlighting its damaging exposure to the loss-making export business.

Nissan and Honda are also seen suffering a drop in third-quarter profits due to the stronger yen and falling demand in Japan, but the decline at Toyota is set to be the deepest given its heavier exposure to unprofitable exports from Japan.

    • 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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