TOKYO, July 31 (Reuters) – Japan’s second-tier automakers
Mazda Motor Corp and Fuji Heavy Industries Ltd
posted double-digit profit growth in April-June helped by strong
sales in the United States, their biggest market.
Mazda’s U.S. sales jumped 18 percent helped by the launch of
its remodelled Mazda3, while Fuji Heavy, the maker of Subaru
brand cars, increased its U.S. market share in the first half of
the year thanks to the popularity of its Forester compact SUV.
TOKYO, July 30 (Reuters) – Volkswagen is closing
in on Toyota Motor Corp as the global leader in vehicle
sales, with a rapid expansion drive in China – the world’s
biggest auto market – while Toyota curbs growth to focus on
shoring up quality.
Toyota, reigning at the top spot in the auto industry for
two years in a row, announced relatively robust global sales
growth of 3.8 percent for the first six months of the year to
5.097 million vehicles on Wednesday, a record first-half result.
TOKYO (Reuters) – Volkswagen (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) is poised to overtake Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) as the global leader in vehicle sales, with a rapid expansion drive in China – the world’s biggest auto market – while Toyota curbs growth to focus on shoring up quality.
Toyota, reigning at the top spot in the auto industry for two years in a row, will announce its global sales for the first six months of the year on Wednesday, which could fall short of Volkswagen’s half-year total.
TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) said teething troubles at a new plant in Mexico dented sales and profit in the U.S. market, its biggest, taking the shine off a better-than-expected rise in quarterly profit powered by brisk results in Japan.
U.S. sales by Japan’s third-largest automaker dipped 0.8 percent in the first half, while sales rose at rivals Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) and Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz). It posted a 6.0 percent drop in North American operating profit for the April-June quarter.
YOKOHAMA Japan (Reuters) – Nissan Motor Co Ltd (7201.T: Quote, Profile, Research, Stock Buzz) aims to boost sales and profitability in the United States, its biggest market, an executive said, after Japan’s No.2 automaker posted a 14 percent rise in quarterly U.S. sales, closing in on rival Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz).
For the April-June quarter, Nissan posted a 4.3 percent quarterly operating profit margin for North America, up from the 3.8 percent it booked the same period a year ago. It sold around 350,000 vehicles in the United States, helped by the popular Altima sedan and Rogue SUV and a new dealership programme.
TOKYO (Reuters) – Japan is readying subsidies to help Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections for the technology play out.
Prime Minister Shinzo Abe’s planned consumer rebates of at least $20,000 per vehicle would be the largest government support plan for hydrogen vehicles yet, raising the stakes for a commercially unproven technology with roots in the space race that Toyota and others see headed for the mainstream over the coming decades.
YOKOHAMA, Japan, July 17 (Reuters) – Nissan Motor Co is to sponsor City Football Group, whose soccer clubs include English champions Manchester City, as it aims to boost brand exposure in Europe, Asia and the United States through sports deals.
Nissan declined to give financial details for the five-year deal with City Football Group, which is owned by Abu Dhabi’s Sheikh Mansour.
TOKYO (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) Chief Executive Carlos Ghosn raised doubts over Japanese Prime Minister Shinzo Abe’s call to appoint women to 30 percent of top jobs by 2020, saying rushing to meet such a target could set the firm and its staff up for failure.
Abe issued his call as part of a strategy to encourage more women to work in the world’s third-biggest economy, replenishing Japan’s dwindling workforce in a rapidly ageing population. Yet with women now filling just 1 percent of corporate executive committee jobs, the target is ambitious.
TOKYO, July 4 (Reuters) – Honda Motor Co said on
Friday it was expanding to the state of California a U.S.
regional recall of vehicles over potentially explosive air bags
made by Takata Corp after a driver was injured in an
accident in the state.
California is one of the biggest markets for the Japanese
automaker in the United States. Honda decided to expand the
recall after it was told on June 25 about an accident involving
a 2005 model Accord that had taken place there in May, a
TOKYO (Reuters) – Japanese auto parts maker Takata Corp could face a $500 million charge and a net loss this year – its second in three years – as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.
Takata Chief Executive Shigehisa Takada apologized to shareholders at the company’s annual meeting on Thursday but said the company was still tallying the costs of the recall, according to those who attended the closed-door session.