Yoko's Feed
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.

Jun 24, 2014

Japan bets big on making fuel-cell cars a near-future reality

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
automotive pollution.

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.

Jun 23, 2014

Honda and others recall nearly 3 million vehicles over air bag flaw

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.

    • 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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