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Sep 17, 2013

Eiji Toyoda, who helped steer Toyota’s rise, dies at 100

TOKYO (Reuters) – Eiji Toyoda, who helped steer Toyota Motor Corp’s global rise and pioneered the automaker’s vaunted production system, died on Tuesday, the Japanese automaker said. He was 100.

Toyoda, cousin of the automaker’s founder, died of heart failure in Toyota City, the company said in a statement.

Sep 16, 2013

New Mazda CEO says no discounts in drive to boost sales

TOKYO (Reuters) – Mazda Motor Corp (7261.T: Quote, Profile, Research, Stock Buzz) will hit its aggressive annual sales target of 1.7 million vehicles in three years without relying on discounts, its new chief executive said, helped by its new fuel-efficient technology and the yen’s depreciation.

In the global auto market with an annual demand of around 80 million vehicles, Mazda is a second-tier player that sells around 1.2 million vehicles a year.

Sep 16, 2013

Mazda to start selling new cars in Myanmar, CEO says

TOKYO (Reuters) – Mazda Motor Corp (7261.T: Quote, Profile, Research, Stock Buzz) will start selling new vehicles soon in Myanmar, its chief executive said, as carmakers rush to get a foothold in the country that until recently was under international economic sanctions.

As a part of a plan to sell cars in all member countries of the Association of Southeast Asian Nations (ASEAN), Mazda plans to send a range of vehicles to Myanmar rather than only sell low-grade models, Chief Executive Masamichi Kogai said.

Aug 20, 2013

Wrecked Fukushima storage tank leaking highly radioactive water

TOKYO (Reuters) – Contaminated water with dangerously high levels of radiation is leaking from a storage tank at Japan’s crippled Fukushima nuclear plant, the most serious setback to the clean up of the worst nuclear accident since Chernobyl.

The storage tank breach of about 300 tonnes of water is separate from contaminated water leaks reported in recent weeks, plant operator Tokyo Electric Power Co said on Tuesday.

Aug 20, 2013

Wrecked Fukushima plant springs highly radioactive water leak

TOKYO (Reuters) – Contaminated water with dangerously high levels of radiation is leaking from a storage tank at Japan’s crippled Fukushima nuclear plant, the most serious setback to the clean up of the worst nuclear accident since Chernobyl.

The storage tank breach of about 300 tons of water is separate from contaminated water leaks reported in recent weeks, plant operator Tokyo Electric Power Co said on Tuesday.

Aug 2, 2013

Toyota cautious on outlook after near-record quarterly profit

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research) took a cautious stance on its profit outlook, worried over currency moves and a slowdown in Thailand and other emerging markets, even as healthy earnings on overseas sales lifted it to a near-record quarterly profit.

The world’s biggest carmaker trounced its rivals Volkswagen AG (VOWG_p.DE: Quote, Profile, Research) and General Motors Co (GM.N: Quote, Profile, Research) in earnings for the period as a weaker yen made exports more profitable and allowed Toyota to convert money made overseas at a more profitable rate.

Aug 2, 2013

Toyota raises profit outlook on weak yen, strong U.S. sales

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) raised its operating profit forecast for the financial year ending March 2014 on Friday as the weaker yen makes exports more profitable and on the back of strong sales in its biggest market, the United States.

The world’s best-selling carmaker now expects to book 1.94 trillion yen ($19.55 billion) in annual operating profit, up from its previous forecast of 1.8 trillion yen.

Aug 1, 2013

Toyota, nearing record profit, slows in Southeast Asia

TOKYO (Reuters) – Toyota Motor Corp’s (7203.T: Quote, Profile, Research, Stock Buzz) slower-than-expected growth in Southeast Asia, its third biggest regional market, is becoming a headache as the world’s best-selling carmaker closes on its six-year-old profit record.

In ASEAN – the biggest market for Toyota after North America and Japan, overwhelming Europe or China – the company has been hurt by government policy swings in Thailand and Indonesia and underperformed industry-wide growth.

Jul 31, 2013

Honda seeks to recover U.S. market share; Mazda, Subaru grow

TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) aims to recover market share in its biggest market the United States, where it slightly dropped in the first half of 2013, banking that its redesigned SUV will help boost sales.

The U.S. market is seeing the strongest pace of annual sales in more than five years, as the world’s biggest economy picks up speed and the Federal Reserve considers tapering its stimulus program.

Jul 31, 2013

Honda first-quarter profit lower than expected, cautious on emerging markets

TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) announced a lower than expected 5.1 percent rise in quarterly operating profit after sales in Japan dropped following the end of subsidies and as it lagged behind rivals in selling profitable SUVs and pickups in the U.S.

Japan’s third-biggest automaker saw strong April-June sales in Asia, including its fourth biggest market Thailand, but Executive Vice President Tetsuo Iwamura sounded a note of caution about unexpected swings in emerging markets.

    • 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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