MILAN/TOKYO, Sept 19 (Reuters) – Mitsubishi Motors
will produce a new pickup for Fiat from 2016 in a deal
to boost the Italian carmaker’s commercial vehicle sales and
raise output at the Japanese company’s plant in Thailand.
According to a non-binding memorandum of understanding
unveiled on Friday, the companies will team up to develop and
manufacture the pickup which would be supplied by Mitsubishi and
based on its best-selling model, the L200.
JAKARTA/TOKYO, Sept 16 (Reuters) – Mitsubishi Motors Corp
is leading a $600 million investment in Indonesia to
build a factory and develop a new car, as the Japanese auto
maker seeks to expand in a growing and increasingly competitive
The pace of auto sales growth in Indonesia has been easing
this year as the economy has slowed, but Chief Executive Osamu
Masuko said boosting volume in one of the world’s most populous
countries was crucial for its long-term growth.
TOKYO, Sept 16 (Reuters) – On an empty lot in Japan’s
fourth-largest city, a Shinto priest performs rites in front of
a makeshift altar loaded with offerings of fruit and vegetables
to pray for the safety and success of Japan’s newest hydrogen
The small ceremony in central Nagoya earlier this month,
attended by executives from operator Toyota Tsusho and
construction firm Obayashi Corp, was another step in
the world’s most ambitious plans to use hydrogen to run cars
and, eventually, produce electricity.
TOKYO (Reuters) – Electric carmaker Tesla Motors Inc (TSLA.O: Quote, Profile, Research, Stock Buzz) and Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), the world’s best-selling automaker, could sign a new deal over the next two to three years, Tesla CEO Elon Musk said, as the two firms ready to end an existing program.
California-based Tesla has been supplying batteries and motors for Toyota’s RAV4 electric SUVs that went on sale in 2012, but that partnership is set to end this year after Toyota sold just 2,000 of the vehicles.
TOKYO, Aug 28 (Reuters) – Honda Motor Co is
recalling about 63,200 vehicles due to a defect in driver-side
air bags made by Takata Corp, the latest in a series of
air bag recalls across the industry that have affected nearly 16
million vehicles to date.
Honda is recalling certain CR-V, Civic, Brio and Amaze,
model years 2012-2015, mostly in China and other Asian
countries, the automaker said on Thursday.
BEIJING/TOKYO, Aug 20 (Reuters) – China has fined Japanese
auto parts makers a record 1.235 billion yuan ($201 million) for
manipulating prices as the government steps up its enforcement
of an anti-trust law that has targeted major corporations and
revived protectionism concerns.
The fines, the largest so far meted out by the pricing
regulator, the National Development Reform Commission (NDRC),
follow a global crack down including in the United States and
Europe on price collusion in the auto parts sector, which has
also mostly affected Japanese companies.
TOKYO (Reuters) – Toyota Motor Corp’s (7203.T: Quote, Profile, Research, Stock Buzz) reliance on the U.S. market to drive record profits is deepening this year, its latest outlook showed, with strong sales of refurbished SUVs and Camry sedans expected to offset weakness in Thailand and other emerging markets.
The world’s best-selling automaker, which analysts say could be overtaken this year by German rival Volkswagen AG (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) in global auto sales, also said it would stick to utilising existing plants to maximum capacity before investing in new factories.
TOKYO, Aug 4 (Reuters) – Toyota Motor Corp is
hitching its future to green cars, investing billions of dollars
in gasoline-electric hybrids and fuel-cell vehicles, but for now
its record profit performance is being powered largely by a
gas-guzzling U.S. market.
In the United States, relatively cheap gasoline prices
helped to spur brisk 9 percent growth in industry-wide light
truck sales in the first half of the year, making that one of
the fastest-growing major global market segments – accounting
for about one-tenth of global vehicle sales.
TOKYO, July 31 (Reuters) – Japanese automakers Mazda Motor
Corp and Fuji Heavy Industries Ltd, which
makes Subaru cars, said they are on track for record full-year
profits after strong sales in the United States powered
double-digit profit growth in April-June.
The United States is the biggest market for both of the
carmakers which rank among the second-tier of Japan’s auto
firms, and is seeing industry-wide sales at eight-year highs.
TOKYO, July 31 (Reuters) – Japan’s second-tier automakers
Mazda Motor Corp and Fuji Heavy Industries Ltd
posted double-digit profit growth in April-June helped by strong
sales in the United States, their biggest market.
Mazda’s U.S. sales jumped 18 percent helped by the launch of
its remodelled Mazda3, while Fuji Heavy, the maker of Subaru
brand cars, increased its U.S. market share in the first half of
the year thanks to the popularity of its Forester compact SUV.