Asia autos correspondent, Tokyo
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Dec 21, 2010

Toyota to pay maximum $32 million fine in U.S. safety probe

WASHINGTON/TOKYO (Reuters) – Toyota Motor (7203.T: Quote, Profile, Research, Stock Buzz) has agreed to pay the maximum fine of $32.4 million related to two U.S. probes into its handling of a spate vehicle recalls which hurt sales and tarnished its once impeccable reputation for quality.

The settlements conclude a tumultuous year for the world’s largest automaker over the recalls of 11 million vehicles in the United States and disclosure of problems blamed by safety advocates for hundreds of crashes and the deaths of dozens of people.

Dec 21, 2010

Toyota to pay maximum $32 mln fine in US safety probe

WASHINGTON/TOKYO, Dec 21 (Reuters) – Toyota Motor
has agreed to pay the maximum fine of $32.4 million related to
two U.S. probes into its handling of a spate vehicle recalls
which hurt sales and tarnished its once impeccable reputation
for quality.

The settlements conclude a tumultuous year for the world’s
largest automaker over the recalls of 11 million vehicles in
the United States and disclosure of problems blamed by safety
advocates for hundreds of crashes and the deaths of dozens of
people.

Dec 16, 2010

Hero Group to buy Honda stake in joint venture

NEW DELHI/TOKYO (Reuters) – Hero Group will buy Honda Motor’s entire 26 percent stake in their Honda motorcycle venture Hero Honda Motors, paving the way for the Japanese firm to focus on its wholly-owned Indian unit.

Financial details of the deal, announced on Thursday after months of media reports, were not disclosed.

Dec 16, 2010

Hero to buy Honda stake in motorcycle JV

NEW DELHI/TOKYO (Reuters) – The Hero Group will buy Honda Motor’s entire 26 percent stake in their Honda motorcycle venture Hero Honda Motors, paving the way for the Japanese firm to focus on its wholly-owned Indian unit.

Financial details of the deal, announced on Thursday after months of media reports, were not disclosed.

Dec 16, 2010

Honda to sell stake in India’s Hero Honda: report

NEW DELHI/TOKYO (Reuters) – Honda Motor (7267.T: Quote, Profile, Research, Stock Buzz) has “formally decided” to sell its entire stake in India’s Hero Honda (HROH.BO: Quote, Profile, Research, Stock Buzz), Nikkei reported on Thursday, paving the way for the Japanese firm to focus on its wholly-owned Indian unit.

Honda’s 26 percent stake in Hero Honda, which was formed in 1984, has a market value of nearly $2 billion.

Dec 16, 2010

Honda to sell stake in India’s Hero Honda-Nikkei

NEW DELHI /TOKYO, Dec 16 (Reuters) – Honda Motor
has “formally decided” to sell its entire stake in
India’s Hero Honda , Nikkei reported on Thursday,
paving the way for the Japanese firm to focus on its
wholly-owned Indian unit.
Honda’s 26 percent stake in Hero Honda, which
was formed in 1984, has a market value of nearly $2 billion.

Selling out of the venture would give the Japanese company
the freedom to go it alone in the world’s second-largest
market for two-wheelers, where it is building its second
wholly-owned motorcycle plant.

Dec 16, 2010

Q+A-Why is Hero Honda preparing to break up?

TOKYO/MUMBAI (Reuters) – Japan’s Honda Motor and India’s Hero Group are in discussions to review the structure of their joint venture, Hero Honda Motors, India’s top seller of motorcycles.

Speculation has swirled since summer that Honda, the world’s biggest motorcycle maker, would reduce its 26 percent stake in the 26-year-old venture to focus its energy on wholly owned unit Honda Motorcycle & Scooter India, set up in 1999.

Dec 16, 2010

Q+A-Why is India’s Hero Honda preparing to break up?

TOKYO/MUMBAI, Dec 16 (Reuters) – Japan’s Honda Motor
and India’s Hero Group are in discussions to review
the structure of their joint venture, Hero Honda Motors
, India’s top seller of motorcycles.

Speculation has swirled since summer that Honda, the
world’s biggest motorcycle maker, would reduce its 26 percent
stake in the 26-year-old venture to focus its energy on wholly
owned unit Honda Motorcycle & Scooter India, set up in 1999.

Dec 14, 2010

Nissan, Mitsubishi Motors announce deeper ties

TOKYO (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) and Mitsubishi Motors Corp (7211.T: Quote, Profile, Research, Stock Buzz) said they would deepen their operational ties to make better use of their resources as a strong yen makes competing tougher for Japanese automakers.

Nissan and Mitsubishi, Japan’s No.3 and No.6 automakers in 2009, have been working together since 2003, mainly involving Mitsubishi Motors’ building 660cc minivehicles under Nissan’s badge in Japan.

Dec 14, 2010

‘Straight as an arrow’ Higuchi takes Otsuka global

TOKYO, Dec 14 (Reuters) – Back in university, Tatsuo
Higuchi never imagined Otsuka Holdings would become a
major global player. Now, the CEO of the Japanese
pharmaceutical and food group is overseeing the drug sector’s
largest-ever IPO.

A $2.4 billion initial public offering, global expansion,
looming patent expirations on key products. These would be
challenges for any corporate leader. Yet Higuchi’s career
across a broad swathe of company businesses has prepared him
well for the job, say those who know him.

    • 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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