TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) said teething troubles at a new plant in Mexico dented sales and profit in the U.S. market, its biggest, taking the shine off a better-than-expected rise in quarterly profit powered by brisk results in Japan.
U.S. sales by Japan’s third-largest automaker dipped 0.8 percent in the first half, while sales rose at rivals Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) and Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz). It posted a 6.0 percent drop in North American operating profit for the April-June quarter.
YOKOHAMA Japan (Reuters) – Nissan Motor Co Ltd (7201.T: Quote, Profile, Research, Stock Buzz) aims to boost sales and profitability in the United States, its biggest market, an executive said, after Japan’s No.2 automaker posted a 14 percent rise in quarterly U.S. sales, closing in on rival Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz).
For the April-June quarter, Nissan posted a 4.3 percent quarterly operating profit margin for North America, up from the 3.8 percent it booked the same period a year ago. It sold around 350,000 vehicles in the United States, helped by the popular Altima sedan and Rogue SUV and a new dealership programme.
TOKYO (Reuters) – Japan is readying subsidies to help Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections for the technology play out.
Prime Minister Shinzo Abe’s planned consumer rebates of at least $20,000 per vehicle would be the largest government support plan for hydrogen vehicles yet, raising the stakes for a commercially unproven technology with roots in the space race that Toyota and others see headed for the mainstream over the coming decades.
YOKOHAMA, Japan, July 17 (Reuters) – Nissan Motor Co is to sponsor City Football Group, whose soccer clubs include English champions Manchester City, as it aims to boost brand exposure in Europe, Asia and the United States through sports deals.
Nissan declined to give financial details for the five-year deal with City Football Group, which is owned by Abu Dhabi’s Sheikh Mansour.
TOKYO (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) Chief Executive Carlos Ghosn raised doubts over Japanese Prime Minister Shinzo Abe’s call to appoint women to 30 percent of top jobs by 2020, saying rushing to meet such a target could set the firm and its staff up for failure.
Abe issued his call as part of a strategy to encourage more women to work in the world’s third-biggest economy, replenishing Japan’s dwindling workforce in a rapidly ageing population. Yet with women now filling just 1 percent of corporate executive committee jobs, the target is ambitious.
TOKYO, July 4 (Reuters) – Honda Motor Co said on
Friday it was expanding to the state of California a U.S.
regional recall of vehicles over potentially explosive air bags
made by Takata Corp after a driver was injured in an
accident in the state.
California is one of the biggest markets for the Japanese
automaker in the United States. Honda decided to expand the
recall after it was told on June 25 about an accident involving
a 2005 model Accord that had taken place there in May, a
TOKYO (Reuters) – Japanese auto parts maker Takata Corp could face a $500 million charge and a net loss this year – its second in three years – as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.
Takata Chief Executive Shigehisa Takada apologized to shareholders at the company’s annual meeting on Thursday but said the company was still tallying the costs of the recall, according to those who attended the closed-door session.
TOKYO (Reuters) – Japanese auto parts maker Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) could face a $500 million charge and a net loss this year – its second in three years – as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.
Automakers have recalled 10.5 million vehicles over five years to fix Takata air bags deemed at risk of exploding and shooting shrapnel at drivers and passengers, in what has become one of the five biggest recalls in automotive history.
TOKYO, June 25 (Reuters) – Japan’s government and top
carmakers, including Toyota Motor Corp, are joining
forces to bet big that they can speed up the arrival of the fuel
cell era: a still costly and complex technology that uses
hydrogen as fuel and could virtually end the problem of
Prime Minister Shinzo Abe’s growth strategy, announced on
Tuesday, included a call for subsidies and tax breaks for buyers
of fuel cell vehicles, relaxed curbs on hydrogen fuel stations
and other steps under a road map to promote hydrogen energy.
TOKYO/DETROIT (Reuters) – Honda Motor Co and other Japanese automakers on Monday recalled almost 3 million cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to about 10.5 million vehicles over the past five years.
The series of recalls cover both passenger-side and driver-side air bags, which the world’s second-biggest automotive safety parts maker manufactured in 2000-02. The total ranks it among the five biggest recalls in the industry’s history.