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.
TOKYO, July 31 (Reuters) – Honda Motor Co 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.
SEOUL/YOKOHAMA, Japan (Reuters) – Hyundai Motor Co (005380.KS: Quote, Profile, Research, Stock Buzz) expects its strong sales growth in China to moderate in the second half of the year, hit by an economic slowdown, tight output capacity and its failure to produce new models.
Hyundai Motor, which combined with its affiliate Kia Motors Corp (000270.KS: Quote, Profile, Research, Stock Buzz) is the world’s fifth-biggest automaker, on Thursday posted a forecast-beating profit. Analysts now expect a slowing Chinese economy to take a toll on its stellar growth.
YOKOHAMA, Japan, July 25 (Reuters) – Nissan Motor Co
beat expectations with a 14 percent rise in quarterly
net profit on Thursday, bolstered by a jump in U.S. sales, and
expressed confidence it was on track for a recovery in its key
Japan’s second-biggest automaker by sales volume said net
profit had increased to 82.02 billion yen ($819 million) in its
April-June first quarter, topping the average estimate of 63.8
billion yen in a Thomson Reuters I/B/E/S poll of five analysts.
NAGOYA, Japan (Reuters) – Mark Hogan, a former General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) executive, says he often chided Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) for its weakness in fast-growing Brazil and Argentina despite having reached the No. 1 spot in the global industry.
To address perceived weak spots including an insular management style, the Japanese corporate giant has in recent months brought an infusion of outsiders – including Hogan – to its inner circle and put a foreigner in full control of its operations in Latin America, as well as several other overseas markets.
TOKYO, July 19 (Reuters) – Honda Motor Co is making
its remodelled Fit subcompact the pillar of an ambitious global
expansion, elevating it to a status now enjoyed by its flagship
Civic as it shifts focus to emerging markets and deploys a
low-cost parts sourcing scheme.
Chief Executive Takanobu Ito has set an aggressive target to
boost the No.3 Japanese automaker’s global car sales to 6
million vehicles or more annually by the year to March 2017 from
4 million last year. Half those sales will be in emerging
TOKYO, July 15 (Reuters) – Japanese automakers like Honda
Motor Co and the Toyota-Daihatsu group
have a problem: the smallest cars they make are very
big in Japan – and only Japan.
Consider Honda’s hi-tech N BOX, a four-passenger microcar
that combines some of the utility features of a much larger SUV
- the seats roll down to load a bicycle or two – and the
fuel-sipping economy of a tiny, 660-cc engine.
NAGOYA, Japan, July 1 (Reuters) – Toyota Motor Corp
executives have sometimes seemed to share the personality of the
automaker’s best-selling cars – dependable and efficient, but
also a bit boring and bland.
That’s changing. In recent months, Toyota founding family
scion and President Akio Toyoda has emerged from the
bureaucratic shadows to present himself as the company’s
car-loving, fashion-forward salesman-in-chief.
TOKYO, May 31 (Reuters) – Toyota Motor Corp has a
“good chance” of selling a record number of luxury Lexus
vehicles this year, an executive said, as a weaker yen adds to
the brand’s allure globally and in its biggest market the United
The yen has lost about 20 percent of its value against the
U.S. dollar since mid-November, providing a boon to Lexus, which
manufactures more than 80 percent of its vehicles in Japan, and
then exports nearly 90 percent of these cars.
TOKYO (Reuters) – Mitsubishi Motors Corp (7211.T: Quote, Profile, Research), the Japanese maker of Triton pickups, the Outlander Sport SUV and i-MiEV electric car, wants shareholders to approve a capital reorganisation to clear more than $9 billion (5.9 billion pounds) of accumulated losses, and pave the way for the resumption of dividends after a 15-year gap.
The measures are a big step for Osamu Masuko, who joined the troubled automaker a decade ago as it reeled from a scandal with its then-president and others implicated for systemically covering up safety defects.