Asia autos correspondent, Tokyo
Chang-Ran's Feed
Nov 12, 2010

Toyota boss given electric sports car by US partner

TOKYO, Nov 12 (Reuters) – The head of U.S. electric car maker
Tesla Motors (TSLA.O: Quote, Profile, Research, Stock Buzz) handed over the keys of a two-seater sports
car made by the startup to the president of Toyota Motor Corp
(7203.T: Quote, Profile, Research, Stock Buzz) on Friday as they appeared in front of media for the
first time since their shock tie-up in May.

Dressed in a dark suit with checkered button-down shirt and
no tie, Tesla Chief Executive Elon Musk said the burgundy-red
Roadster 2.5 model, the first in Japan, had been tuned “just like
my personal car”, and the gift to Toyota’s Akio Toyoda was to
honour their relationship.

Nov 10, 2010

Canada sees opportunity in rare earths

YOKOHAMA, Japan (Reuters) – Canada’s trade minister said China’s approach to supplying rare earth minerals to the world was troubling but presented an opportunity for resource-rich Canada to step up to the plate.

“Everybody is concerned about supply of rare earths,” Peter Van Loan told Reuters on Wednesday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) meeting.

Nov 10, 2010

Climate talks must focus on immediate action: Mexico

YOKOHAMA, Japan (Reuters) – Mexico’s foreign minister said on Wednesday the U.N. climate talks she will co-host this month should zero in on immediate goals such as the creation of a Green Fund, as hopes fade for a sweeping result.

Failure to achieve even a “bare minimum” set of decisions would undermine the credibility of the already troubled negotiations on a broader climate pact, Patricia Espinosa said in an interview on the sidelines of an Asia-Pacific Economic Cooperation (APEC) ministerial meeting.

Nov 5, 2010

Toyota lifts outlook but yen and weak sales a worry

TOKYO (Reuters) – Toyota Motor Corp raised its annual forecast for a second time as Japan’s subsidies to stimulate demand helped almost double quarterly earnings, but a firm yen and weaker sales are key risks.

The world’s top automaker had been rescued by Tokyo’s generous incentives favoring the hybrid segment it dominates, but part of that stimulus ran out in September and this is set to hammer sales in Japan for the foreseeable future.

Nov 4, 2010

Nissan lifts guidance as Q2 soars on strong sales

YOKOHAMA, Japan, Nov 4 (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz)
lifted its annual guidance and posted a doubling in quarterly
operating profit as the popularity of new cars such as the
March/Micra subcompact helped offset currency losses.

Nissan, owned 43 percent by France’s Renault SA (RENA.PA: Quote, Profile, Research, Stock Buzz), is
on its way to outselling Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) to become
Japan’s second-biggest automaker this year as its market share
inches up in China, North America and Europe.

Nov 2, 2010

Honda CEO sees potential in electric car market

MOTEGI, Japan (Reuters) – The head of Honda Motor Co said there could be plenty of demand for battery-powered electric cars, making the strongest endorsement yet of the technology that his predecessor had long shunned as impractical and unrealistic.

Japan’s second-biggest automaker announced in July plans to launch a plug-in hybrid and pure electric car in 2012, but had stopped short of laying out a roadmap of how they would contribute to its business.

Nov 1, 2010

Car makers see strong October sales in India

SEOUL/TOKYO (Reuters) – South Korean car makers posted record sales in October while their Japanese rivals saw double-digit declines in domestic sales for the month, underscoring how the former is gaining ground globally.

Indian carmakers maintained double-digit sales growth in October on robust demand in one of the world’s fastest-growing markets.

Nov 1, 2010

Korea, India car makers see strong Oct sales,

SEOUL/TOKYO, Nov 1 (Reuters) – South Korean car makers
posted record sales in October while their Japanese rivals saw
double-digit declines in domestic sales for the month,
underscoring how the former is gaining ground globally.

Japanese car makers face dwindling auto sales on their home
turf with the end of government subsidies, whereas South Korean
companies are expected to continue to outperform the global
market in a weak recovery, driven by new model launches.

Nov 1, 2010

Korea, India car makers see strong Oct sales, Japan hit

SEOUL/TOKYO, Nov 1 (Reuters) – South Korean car makers
posted record sales in October while their Japanese rivals saw
double-digit declines in domestic sales for the month,
underscoring how the former is gaining ground globally.

Japanese car makers face dwindling auto sales on their home
turf with the end of government subsidies, whereas South Korean
companies are expected to continue to outperform the global
market in a weak recovery, driven by new model launches.

Oct 29, 2010

Honda lifts forecasts as Q2 profits soar

TOKYO (Reuters) – Honda Motor Co’s (7267.T: Quote, Profile, Research, Stock Buzz) rosier forecasts and a surge in quarterly profit showed deep cost cuts could go a long way in absorbing currency losses, but Japanese rivals more dependent on exports may face a tougher second half.

Japan’s No.2 automaker has raised its global car production for the past 10 months, with record output in China and other parts of Asia thanks to brisk demand in those markets.

    • 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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