Yoko's Feed
Jul 30, 2014

VW closes in on Toyota as global auto leader

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.

Jul 29, 2014

VW set to overtake Toyota as global auto leader

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.

Jul 29, 2014

Honda profit beats estimates but U.S. sales dented

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.

Jul 28, 2014

Nissan aims to boost U.S. sales and profit as it closes on Honda

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.

Jul 23, 2014

Japan readies fuel cell subsidies in bet on Toyota’s next big thing

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.

Jul 17, 2014

Nissan to sponsor City Football Group in five-year deal

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.

Jul 17, 2014

Nissan’s Ghosn wary of Japan PM Abe target of 30 percent women in top jobs

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.

Jul 4, 2014

Honda says to expand US regional air bag recall to include California

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
spokeswoman said.

Jun 26, 2014

Japan’s Takata still tallying costs of air bag recall

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.

Jun 25, 2014

Massive air bag recall could drive Takata into the red

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.

    • About Yoko

      "Based in Tokyo since 2007, I have been covering politics in the world's third-biggest economy, as well as Japan's nuclear disaster, energy issues and diplomacy."
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