Asia autos correspondent, Tokyo
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Jan 10, 2011

BYD sees mass U.S. entry in Q1 2012 with e6

DETROIT (Reuters) – BYD Co Ltd (1211.HK: Quote, Profile, Research, Stock Buzz), a Chinese car and battery maker backed by Warren Buffett (BRKa.N: Quote, Profile, Research, Stock Buzz), expects to enter the mass U.S. auto market in the first quarter of 2012, starting with its e6 electric car model, its chairman said on Monday.

“The United States offers a huge opportunity for new-energy vehicles, especially pure electric,” Chairman Wang Chuanfu told Reuters in an interview at the Detroit auto show.

Jan 10, 2011

Nissan taking drastic steps due to strong yen

DETROIT (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) will take drastic steps to shield itself against the profit-eroding effects of the strong yen, including shifting production of the next Rogue crossover to Tennessee from Japan, a top executive said.

Carlos Tavares, head of Nissan’s operations in the Americas and executive vice president at Japan’s second-biggest automaker, said the transfer, expected by 2013, would add more than 100,000 units a year of production in the Americas.

Jan 10, 2011

Nissan taking drastic steps due to strong yen

DETROIT, Jan 9 (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research) will
take drastic steps to shield itself against the profit-eroding
effects of the strong yen, including shifting production of the
next Rogue crossover to Tennessee from Japan, a top executive
said.

Carlos Tavares, head of Nissan’s operations in the Americas
and executive vice president at Japan’s second-biggest
automaker, said the transfer, expected by 2013, would add more
than 100,000 units a year of production in the Americas.

Dec 24, 2010

Toyota aims to lower break-even point for Japan operations

NAGOYA, Japan (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) is aiming to significantly lower the break-even point for its Japanese operations through a slew of improved manufacturing processes, a top executive said on Friday.

Toyota President Akio Toyoda has said he wants to maintain domestic production of at least 3 million vehicles a year in Japan to protect jobs and the tradition of manufacturing, or “monozukuri,” at home despite headwinds from a stronger yen.

Dec 24, 2010

Toyota aims to lower break-even point for Japan ops

NAGOYA, Japan, Dec 24 (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz)
is aiming to significantly lower the break-even point for its
Japanese operations through a slew of improved manufacturing
processes, a top executive said on Friday.

Toyota President Akio Toyoda has said he wants to maintain
domestic production of at least 3 million vehicles a year in
Japan to protect jobs and the tradition of manufacturing, or
“monozukuri”, at home despite headwinds from a stronger yen.

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.

    • 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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