Yoko's Feed
Jul 23, 2013

Toyota opens its inner circle to outsiders for overseas push

NAGOYA, Japan (Reuters) – Mark Hogan, a former General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) executive, says he often chided Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) for its weakness in fast-growing Brazil and Argentina despite having reached the No. 1 spot in the global industry.

To address perceived weak spots including an insular management style, the Japanese corporate giant has in recent months brought an infusion of outsiders – including Hogan – to its inner circle and put a foreigner in full control of its operations in Latin America, as well as several other overseas markets.

Jul 19, 2013

Honda puts redesigned Fit subcompact at centre of global expansion

TOKYO, July 19 (Reuters) – Honda Motor Co is making
its remodelled Fit subcompact the pillar of an ambitious global
expansion, elevating it to a status now enjoyed by its flagship
Civic as it shifts focus to emerging markets and deploys a
low-cost parts sourcing scheme.

Chief Executive Takanobu Ito has set an aggressive target to
boost the No.3 Japanese automaker’s global car sales to 6
million vehicles or more annually by the year to March 2017 from
4 million last year. Half those sales will be in emerging
markets.

Jul 14, 2013

Small is big for Japanese automakers eyeing Indonesia and India

TOKYO, July 15 (Reuters) – Japanese automakers like Honda
Motor Co and the Toyota-Daihatsu group
have a problem: the smallest cars they make are very
big in Japan – and only Japan.

Consider Honda’s hi-tech N BOX, a four-passenger microcar
that combines some of the utility features of a much larger SUV
- the seats roll down to load a bicycle or two – and the
fuel-sipping economy of a tiny, 660-cc engine.

Jun 30, 2013

Toyota heir takes centre stage in drive to shed “boring” tag

NAGOYA, Japan, July 1 (Reuters) – Toyota Motor Corp
executives have sometimes seemed to share the personality of the
automaker’s best-selling cars – dependable and efficient, but
also a bit boring and bland.

That’s changing. In recent months, Toyota founding family
scion and President Akio Toyoda has emerged from the
bureaucratic shadows to present himself as the company’s
car-loving, fashion-forward salesman-in-chief.

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.

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      "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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