OKUMA, Japan, May 14 (Reuters) – U.S. Ambassador to Japan
Caroline Kennedy pledged U.S. support for the clean-up at
Japan’s tsunami-wrecked Fukushima Daiichi nuclear power plant on
Wednesday after her first visit to the site.
Kennedy, dressed in a white radiation protective suit with
her name taped on the back and a mask covering her face, went
inside a damaged reactor building where she saw how Tokyo
Electric Power Co (Tepco) is removing fuel rod
assemblies from a cooling pool.
YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) expects profit to grow at a slower rate than analysts forecast this year and an operating margin that would be the lowest of its compatriots, weighed down by the costs of aggressive expansion.
Japan’s second-largest automaker expects a 4.1 percent rise in net profit for the year to next March, boosted by sales of low-priced Datsun cars in emerging markets and growth in China, the world’s largest auto market.
TOKYO, May 9 (Reuters) – Subaru maker Fuji Heavy Industries
aims to sustain an operating profit margin of 10
percent or more over the next six years by staying small and
developing niche and profitable cars, its chief executive said.
Japan’s smallest car maker likely enjoyed the highest
operating profit margin among its seven domestic peers in the
year ended March, when it booked record profit for the second
year in a row. On Friday, Fuji Heavy projected another record
for the current year on strong demand in the United States.
TOKYO, May 8 (Reuters) – Toyota Motor Corp warned
earnings may fall this fiscal year as the export-boosting
tailwind that it and other Japanese carmakers have received from
the yen’s sharp depreciation over the past 18 months runs out of
For President Akio Toyoda, the “lull” in prospect offers a
different challenge to the major events that have marked his
five years in charge, like the massive recalls of 2010, Japan’s
2011 tsunami and the boycott of Japanese products by Chinese
consumers following a territorial dispute in late 2012.
TOKYO, May 8 (Reuters) – Toyota Motor Corp faces
stalling growth this fiscal year as the export-boosting tailwind
that it and other Japanese carmakers have received from the
yen’s sharp depreciation over the past 18 months gradually blows
For President Akio Toyoda, the quieter year in prospect
offers a different challenge to the major events that have
marked his five years in charge, like the massive recalls of
2010, Japan’s 2011 tsunami and the boycott of Japanese products
by Chinese consumers following a territorial dispute in late
TOKYO, April 25 (Reuters) – Honda Motor Co on
Friday forecast a 3.6 percent rise in net profit for the year to
next March, below analyst estimates and a sharp slowdown from
last year, as foreign exchange rates stabilise after a steep
decline in the yen boosted earnings.
The company also said that its high level of capital
spending will decline slightly this year as it continues an
ambitious expansion plan, and that the start of operations could
be delayed at a plant in Thailand, a key market that has been
hit by political uncertainty.
CHANGSHU, China, April 22 (Reuters) – Toyota Motor Corp
wants locally procured parts to make up at least half
the components in the gasoline-electric hybrid propulsion
systems for the Corolla and Levin cars it plans to start making
in China next year.
Shinichi Matsumoto, Vice President for Toyota Motor
Engineering & Manufacturing in China, said Toyota needs that
level of local content in order to bring down prices of hybrids
and to generate more sales in the world’s biggest auto market.
BEIJING, April 21 (Reuters) – Toyota Motor Corp is
considering significantly expanding its production capacity in
China as is seeks to catch up with global rivals in the world’s
largest auto market, a senior executive said on Monday.
Toyota, the world’s largest carmaker, is aiming to double
sales in China to 2 million vehicles, a figure its China chief
Hiroji Onishi said was the “minimum level” necessary to keep up
with market leaders Volkswagen AG and General Motors
Co. He did not set a timeframe for the increase.
BEIJING, April 20 (Reuters) – The head of Lexus, the premium
brand of Toyota Motor Corp, said on Sunday an emphasis
on quality had kept it from manufacturing in China.
Unlike German peers Audi, Volkswagen AG’s luxury
division and BMW, Lexus imports all of its vehicles
sold in China, from Japan.
BEIJING (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) plans to make and sell hybrid versions of its Corolla and Levin sedans in China next year, fitting them with locally-made components, in its first bid to entirely manufacture gas-electric hybrids outside Japan.
The backdrop to Toyota’s plans are efforts by foreign and domestic automakers to kick-start sales of hybrid cars in China, as the world’s largest auto market warms to the vehicles in its efforts to cut pollution and reliance on fossil fuels.