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.
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.
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.
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.
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