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Feb 8, 2013

Nissan outlook defies optimism among Japan carmakers

TOKYO, Feb 8 (Reuters) – Nissan Motor Co bucked the
optimistic trend among Japanese carmakers reporting quarterly
earnings, leaving its annual profit forecast unchanged as
sluggish sales weighed on its bottom line while others got a
boost from a weakening yen.

The cheaper yen is improving the competitiveness of cars
made by Nissan, Toyota Motor Corp, Honda Motor Co Ltd
and other Japanese brands when exported to key markets
such as the United States, and adding to pressure on their South
Korean rivals.

Feb 6, 2013

Mazda, Fuji Heavy lead Japan carmakers as yen weakens

TOKYO, Feb 6 (Reuters) – Among Japanese carmakers, Mazda
Motor Corp and Fuji Heavy Industries Ltd are
best placed to benefit from the weakening yen, raising their
earnings forecasts as exported goods bring in more cash.

Mazda makes 71 percent of its vehicles in Japan and exports
about 80 percent of them, while Fuji Heavy makes about
three-quarters of its cars at home, shipping about 67 percent of
those.

Feb 5, 2013

Toyota banking on weak yen, better U.S. sales for profit boost

TOKYO, Feb 5 (Reuters) – Toyota Motor Corp lifted
its annual profit guidance, banking on stronger sales in its key
U.S. market and a boost from a weaker yen, which put its
Japanese manufacturing in the black for the first time in five
years.

But the world’s best-selling automaker, which shipped a
record number of cars last year, said it would not build any new
factories over the next three years despite the pickup in its
fortunes, after it was burned in the financial crisis.

Feb 5, 2013

Toyota lifts annual profit forecast on soft yen, strong U.S. sales

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) lifted its annual profit guidance, banking on stronger sales in its key U.S. market and a boost from a weaker yen, which put its Japanese manufacturing in the black for the first time in five years.

But the world’s best-selling automaker, which shipped a record number of cars last year, said it would not build any new factories over the next three years despite the pickup in its fortunes, after it was burned in the financial crisis.

Feb 4, 2013

Insight: Electric cars head toward another dead end

TOKYO/DETROIT (Reuters) – Are electric cars running out of juice again?

Recent moves by Japan’s two largest automakers suggest that the electric car, after more than 100 years of development and several brief revivals, still is not ready for prime time – and may never be.

In the meantime, the attention of automotive executives in Asia, Europe and North America is beginning to swing toward an unusual but promising new alternate power source: hydrogen.

Feb 4, 2013

Electric cars head toward another dead end

TOKYO/DETROIT, Feb 4 (Reuters) – Are electric cars running
out of juice again?

Recent moves by Japan’s two largest automakers suggest that
the electric car, after more than 100 years of development and
several brief revivals, still is not ready for prime time – and
may never be.

Jan 31, 2013

Honda bets on yen, new U.S. models to cushion China sales slump

TOKYO (Reuters) – Honda Motor Co Ltd (7267.T: Quote, Profile, Research, Stock Buzz) is betting on a weaker yen and a rollout of new models in the United States to boost car sales after unexpectedly trimming its annual net profit forecast on poorer-than-expected demand in China and Europe.

Honda said the outlook for China remained murky after Japanese brands saw sales plunge in the world’s second biggest economy late last year when anti-Japan sentiment flared. The euro zone’s grinding debt crisis also crimped car purchases.

Jan 31, 2013

Honda trims full-year profit forecast, says China sales poorer

TOKYO (Reuters) – Honda Motor Co Ltd (7267.T: Quote, Profile, Research, Stock Buzz) has trimmed its annual net profit forecast by 1.3 percent to 370 billion yen ($4.1 billion) on poorer than expected car sales in China and Europe, even as it sees strong sales in the United States, its biggest market.

Japan’s third-biggest automaker said its net profit for Oct-Dec was 77.4 billion yen ($849.9 million), compared with the 47.7 billion yen booked last year when it suffered from disrupted supply chains after floods hit it and its suppliers’ factories in Thailand.

Jan 30, 2013

Toyota to recall 1 million vehicles for airbag, wiper glitches

TOKYO (Reuters) – Toyota Motor Corp will recall 1.1 million cars globally for two separate defects, including 752,000 Corolla and Corolla Matrix vehicles in the United States to fix airbags that could be deployed inadvertently, the automaker said on Wednesday.

It is the third Toyota recall since October to involve more than a million cars, and it comes as the company tries to recover from a damaged reputation following a series of recalls between 2009 and 2011 that were related to unintended acceleration problems.

Jan 24, 2013

Toyota, BMW to research lithium-air battery

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) and BMW AG (BMWG.DE: Quote, Profile, Research, Stock Buzz) will jointly research a lithium-air battery expected to be more powerful than the lithium-ion batteries used in many hybrid and electric vehicles, the two firms said.

The two companies will also work on a fuel cell vehicle system, which includes a hydrogen tank and motor, by 2020, they said on Thursday.

    • 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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