TOKYO, Oct 25 (Reuters) – Asia’s top automakers including
Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) and Hyundai Motor Co (005380.KS: Quote, Profile, Research, Stock Buzz)
will likely post big jumps in quarterly earnings thanks to
better-than-expected global car demand and further cost cuts.
Japanese car makers are hurting from a stronger yen JPY=
but will likely manage big cost reductions and have enough of a
profit cushion from the first half to warrant an upward
revision to their conservative annual guidance, analysts said.
TOKYO/DETROIT (Reuters) – Toyota Motor Corp said on Thursday it would recall 1.66 million Avalons, Highlanders and other vehicles, bringing its total for worldwide recalls in the past year to about 14 million.
Most of the 1.66 million recalls announced on Thursday are in Japan and the United States, Toyota’s top market, in the latest blow to the reputation of a company once considered the gold standard of reliability.
TOKYO (Reuters) – Toyota Motor Corp said on Thursday it would repair 1.66 million Avalon and other vehicles, mostly in Japan and the United States, in the latest large-scale recall to plague the world’s biggest automaker.
The announcement came less than two months after a recall in Canada and the United States of 1.3 million Corolla and Matrix cars carrying defective engine control modules that could cause the vehicles to stall.
TOKYO, Oct 21 (Reuters) – Mazda Motor Corp (7261.T: Quote, Profile, Research, Stock Buzz) is aiming
to step up sales, cost cuts and other measures to offset an
additional negative impact of about 40 billion yen ($493 million)
from foreign exchange on its operating profit this business year,
its chief executive said.
CEO Takashi Yamanouchi said that with the dollar and euro
both far weaker than Mazda’s assumptions of 90 yen and 125 yen,
respectively, currencies could knock off 40 billion yen more from
operating profit this business year than the company had
TOKYO, Oct 20 (Reuters) – Mazda Motor Corp (7261.T: Quote, Profile, Research, Stock Buzz) said on
Wednesday its next Mazda2/Demio subcompact would get fuel economy
of 30 km/litre (70 mpg) without the help of an electric motor,
likely making it the most fuel-efficient gasoline car on the
The vehicle will be launched in Japan in the first half of
2011 as the first product to be equipped with Mazda’s
next-generation gasoline and diesel engine and transmission
technology, dubbed SKYACTIV.
TOKYO (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) and Mazda Motor Corp (7261.T: Quote, Profile, Research, Stock Buzz) look set to drift further apart as the U.S. car maker plans to wind down its stake in the Japanese company, leaving Mazda freer to make decisions, but possibly in need of a new partner down the line.
Ford is set to sell most almost all of its stake in Mazda, which currently stands at 11 percent, a source told Reuters on Saturday. Trading house Sumitomo Corp (8053.T: Quote, Profile, Research, Stock Buzz) and other Japanese business partners of Mazda were in talks to buy the shares, the source said.
TOKYO, Oct 18 (Reuters) – Shares of Mazda Motor Corp (7261.T: Quote, Profile, Research, Stock Buzz)
slipped on Monday after news at the weekend that top shareholder
Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) plans to sell almost all of its remaining
stake in the Japanese automaker it once controlled.
A source told Reuters on Saturday the U.S. automaker would
slash its ownership of Mazda to a few percent from 11 percent,
and that trading house Sumitomo Corp (8053.T: Quote, Profile, Research, Stock Buzz) and other Japanese
business partners of Mazda were in talks to buy the shares.
TOKYO (Reuters) – Yoshihiko Takahashi chuckles politely when asked if he’s weary of having the same conversation with passengers, day in and day out, as he shuttles them around Tokyo in his white-and-blue all-electric taxi.
How often do you have to recharge? How far can you go? Does this car really have no emissions?
TOKYO, Sept 28 (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) said it
would enter the growing Japanese minivehicle sector next year
through a supply deal with unit Daihatsu Motor Co (7262.T: Quote, Profile, Research, Stock Buzz) in a
move set to intensify competition in the tough domestic market.
Under the deal announced on Tuesday, Daihatsu would supply
three minivehicle models to its parent in stages starting in the
fall of 2011. Total sales are expected to be around 60,000 units
a year once all three models are on the market, they said.
TOKYO (Reuters) – Honda Motor Co will overhaul its sourcing strategy by ditching its one-spec-fits-all method on global car models to better compete with Hyundai Motor and others in emerging markets, an executive said on Tuesday.
Honda, Japan’s No.2 automaker, has until now used a common blueprint for components on cars built and sold globally for efficiency’s sake, and to offer consumers around the world the same specifications for those models.