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.
TOKYO, July 30 (Reuters) – Volkswagen is closing
in on Toyota Motor Corp as the global leader in vehicle
sales, with a rapid expansion drive in China – the world’s
biggest auto market – while Toyota curbs growth to focus on
shoring up quality.
Toyota, reigning at the top spot in the auto industry for
two years in a row, announced relatively robust global sales
growth of 3.8 percent for the first six months of the year to
5.097 million vehicles on Wednesday, a record first-half result.
TOKYO (Reuters) – Volkswagen (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) is poised to overtake Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) as the global leader in vehicle sales, with a rapid expansion drive in China – the world’s biggest auto market – while Toyota curbs growth to focus on shoring up quality.
Toyota, reigning at the top spot in the auto industry for two years in a row, will announce its global sales for the first six months of the year on Wednesday, which could fall short of Volkswagen’s half-year total.
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.