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May 31, 2013

Toyota says “good chance” of record Lexus sales this year

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
States.

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.

May 24, 2013

Mitsubishi Motors manoeuvres to end 15-year dividend drought

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.

May 24, 2013

M’bishi Motors manoeuvres to end 15-yr dividend drought

TOKYO, May 24 (Reuters) – Mitsubishi Motors Corp,
the Japanese maker of Triton pickups, the Outlander Sport SUV
and iMiEV electric car, wants shareholders to approve a capital
reorganisation to clear more than $9 billion 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.

May 23, 2013

Mitsubishi Motors weighs capital shift, dividends-sources

TOKYO, May 23 (Reuters) – Mitsubishi Motors Corp is
taking steps toward resuming dividend payments after nearly a
decade-long turnaround bankrolled by other Mitsubishi group
companies, according to people with direct knowledge of the
plans.

Specifically, Mitsubishi Motors is considering asking
shareholders to approve plans for a 10-for-1 reverse stock
split, the people said. At the same time, the company may ask
shareholders to approve a capital reorganisation – a change in
accounting that would make it possible to resume paying
dividends.

May 22, 2013

Mitsubishi weighs steps toward resumption of dividend -sources

May 22 (Reuters) – Mitsubishi Motors Corp is taking
steps toward resuming dividend payments after nearly a
decade-long turnaround bankrolled by other Mitsubishi group
companies, according to people with direct knowledge of the
plans.

Specifically, Mitsubishi Motors is considering asking
shareholders to approve plans for a 10-for-1 reverse stock
split, the sources said.

May 16, 2013

Honda to return to F1 in 2015 as McLaren engine supplier

TOKYO, May 16 (Reuters) – Honda is returning to Formula One racing in 2015, after a seven-year hiatus, as McLaren’s engine partner, the Japanese carmaker said on Thursday.

The link-up between Honda and McLaren, the second most successful team in the sport after Ferrari in terms of race wins and drivers’ titles, will revive one of the greatest Formula One partnerships which was marked by multiple championships with the late Ayrton Senna and Alain Prost between 1988 and 1992.

May 15, 2013

Honda to return to F1 in 2015 with McLaren: sources

TOKYO (Reuters) – Honda will return to Formula One in 2015 as McLaren engine partners, replacing Mercedes, sources close to the company said on Wednesday.

Honda’s Chief Executive Takanobu Ito is set to make an official announcement as early as Thursday, one of the sources added.

May 15, 2013

Motor racing-Honda to return to F1 in 2015 with McLaren -sources

TOKYO, May 15 (Reuters) – Honda will return to Formula One in 2015 as McLaren engine partners, replacing Mercedes, sources close to the company said on Wednesday.

Honda’s Chief Executive Takanobu Ito is set to make an official announcement as early as Thursday, one of the sources added.

May 14, 2013

As yen drops, Nissan sets new profit target for struggling Infiniti brand

KAMINOKAWA, Japan, May 14 (Reuters) – Nissan Motor Co
CEO Carlos Ghosn set a new profit target for its
premium brand Infiniti, which in recent years has hardly
contributed to the Japanese automaker’s operating profit as it
struggled to export profitably with a persistently strong yen.

Infiniti, produced mostly in Japan and exported overseas,
accounted for less than 1 percent of Nissan’s operating profit
in the last two years, Ghosn told reporters on Tuesday. Nissan
booked an operating profit of 523.5 billion yen ($5.15 billion)
for the year ended March.

May 8, 2013

Subaru maker to invest $400 mln to expand U.S. plant

TOKYO, May 8 (Reuters) – Fuji Heavy Industries Ltd,
the maker of Subaru cars, plans to invest $400 million to expand
production capacity at its sole U.S. plant in Indiana by around
100,000 vehicles, the Japanese automaker said on Wednesday.

The company, which exports nearly 70 percent of its
Japan-made production, wants to make more vehicles in its
biggest market, the United States, to limit the impact of
currency moves.

    • 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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