TOKYO, Jan 24 (Reuters) – Mitsubishi Motors Corp
said it would recall about 14,700 electric vehicles (EV)
globally due to a brake problem unique to the electric-motor
powered cars in one of the biggest callbacks involving the new
generation of eco-friendly cars.
Mitsubishi Motors said that in Japan it would recall nearly
3,400 i-MiEV electric vehicles, as well as more than 2,400
TOKYO (Reuters) – All Nippon Airways (9202.T: Quote, Profile, Research, Stock Buzz), which currently has the biggest fleet of Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) 787 Dreamliner jets, may have to scale back its next 2-year plan as it weighs the mounting cost of the new aircraft’s grounding.
Asia’s biggest airline by revenue and a key launch customer for Boeing’s newest plane, has put the technologically advanced 787 at the center of its growth strategy, keen to ally its brand to the lightweight, fuel-efficient jetliner.
DETROIT (Reuters) – Japanese automakers are spicing up their compact and subcompact lineups in the United States, with Toyota Motor Corp’s Furia concept car hinting at more aggressive styling for the 2014 Corolla and Honda Motor Co taking subcompact cars to the next level with its Fit-based SUV.
Toyota, Japan’s biggest automaker, gave a glimpse of what the new Corolla, likely to go on sale later this year, could look like when it unveiled the Furia concept sedan this week at the Detroit auto show.
DETROIT (Reuters) – Japanese automakers are optimistic about even better sales in the United States this year, helped by a weakening yen and product launch cycles, after posting robust sales last year as they left behind the effects of natural disasters in 2011.
Toyota Motor Corp, which on Monday became certain to regain the world’s top sales spot for the first time since 2010, sees for this year the strongest U.S. sales since 2008, an executive told Reuters on Monday.
DETROIT, Jan 14 (Reuters) – Nissan Motor Co. will
remain cautious about future Chinese investments including
Infiniti brand production until the country’s relations with
Japan improve, Chief Executive Carlos Ghosn said on Monday.
Ghosn was speaking at the Detroit auto show after the three
main Japanese automakers all said an anti-Japan consumer
backlash continued to depress their Chinese sales by between 16
and 30 percent.
TOYOTA, Japan, Jan 14 (Reuters) – When Tokuo Fukuichi was
brought back to Toyota Motor Corp to become head of
design, he was given a simple directive from President Akio
Toyoda: make Toyota cars simple and cool. He took a risk and
“I said, look, Mr. President, just cool is not good enough,”
Fukuichi told Reuters. “Toyota had already tried hard to fix
ugly parts and make them look better. What Toyota lacks the most
TOKYO (Reuters) – When Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) President Akio Toyoda visited northern Japan in July last year and announced a $24 million engine plant expansion, some analysts saw it as evidence of a flawed strategy that put patriotism above profitability.
At the time, Toyota was struggling to rebuild its supply base after the March 2011 earthquake and tsunami and the yen was climbing toward a post-war record high against the dollar.
TOKYO, Dec 19 (Reuters) – Hopes that Japan’s central bank
would obey incoming prime minister Shinzo Abe’s call to print
more money and weaken the yen sparked a sharp rally on Wednesday
among auto stocks, lifting Tokyo’s market to its biggest gain in
over a year.
Honda Motor led the gains, rising 6 percent, while
Nissan Motor climbed 5.5 percent and Toyota Motor
rose 3.5 percent. The three stocks helped push the
benchmark Nikkei Stock Average up 2.4 percent to above
10,000 for the first time in almost nine months.
TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) said it will recall 2.77 million vehicles worldwide, including some of its popular Prius hybrid cars, for steering and water pump problems in the carmaker’s second multimillion-vehicle recall in a little over a month.
The defects, which Toyota said had caused no accidents and could each be fixed in an hour or so, could cost hundreds of millions of dollars to repair, according Deutsche Securities autos analyst Kurt Sanger.
YOKOHAMA, Japan (Reuters) – Counting the cost of anti-Japanese protests in a territorial dispute with China, Nissan Motor Co (7201.T: Quote, Profile, Research) cut its full-year net profit forecast by a fifth to $3.99 billion, and said it had lost share in its biggest market.
Nissan joins Honda Motor (7267.T: Quote, Profile, Research) in revising down its forecasts for the year – Honda also lopped a fifth off its guidance – but bigger rival Toyota Motor (7203.T: Quote, Profile, Research) on Monday nudged up its forecast as it is less exposed to a China market where growth is slowing and Japanese goods have been boycotted.