Yoko's Feed
Nov 20, 2013

Nissan unfazed by EV delays, dismisses rivals’ fuel cell targets

TOKYO (Reuters) – Carlos Ghosn, the CEO of Renault SA (RENA.PA: Quote, Profile, Research, Stock Buzz) and Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz), said he was unfazed by delays in his electric vehicle sales targets, predicting rivals would face even greater obstacles in their plans to launch fuel cell car sales over the next few years.

Ghosn on Wednesday reiterated that Renault and Nissan would push back by two to three years an initial target to sell a combined 1.5 million electric vehicles by end-March 2017.

Nov 19, 2013

As big automakers go electric, Mazda squeezes more from gasoline engines

HIROSHIMA, Japan (Reuters) – Japan’s Mazda Motor Corp (7261.T: Quote, Profile, Research, Stock Buzz) has only a tenth of Toyota Motor Corp’s (7203.T: Quote, Profile, Research, Stock Buzz) research and development budget, but is betting it can make the century-old internal combustion engine as fuel efficient as hybrids like its rival’s pioneering Prius.

The gamble on developing gasoline engines, while others move increasingly towards electric cars, could also show whether a small automaker can survive independently in a high-stakes market for mass-produced passenger cars dominated by the likes of Toyota, General Motors (GM.N: Quote, Profile, Research, Stock Buzz) and Volkswagen AG (VOWG.DE: Quote, Profile, Research, Stock Buzz).

Nov 14, 2013

Mitsubishi Motors cuts Japan electric car price by up to $9,100

TOKYO, Nov 14 (Reuters) – Mitsubishi Motors Corp
has slashed the price of its i-MiEV electric minicar in Japan by
up to $9,100, aiming to boost sluggish sales as makers of
electric vehicles face slower-than-expected acceptance of the
technology.

Japan’s sixth-biggest carmaker, which started selling the
i-MiEV in 2009, said on Thursday it was dropping the price of
its top of the range i-MiEV by around 25 percent, or 900,000 yen
($9,100), to 2.9 million yen.

Nov 11, 2013

Japan’s Nissan says to bring luxury Infiniti badge home

YOKOHAMA, Japan, Nov 11 (Reuters) – Nissan Motor Co Ltd
will start selling Infiniti-badged cars in Japan for
the first time as it tries to position the brand as a global
competitor to prestige European cars, the company said on
Monday.

Japan’s second-biggest carmaker said it will sell its
redesigned Skyline sedan with the Infiniti badge on the front,
steering wheel and wheels from late February 2014. The model is
sold overseas as the Infiniti Q50.

Nov 11, 2013

Japan’s Nissan brings luxury Infiniti badge home

YOKOHAMA, Japan, Nov 11 (Reuters) – Nissan Motor Co Ltd
will start selling Infiniti badged cars in Japan for
the first time, the company said, as it tries to position the
second-tier luxury brand as a global competitor to prestige
European cars.

Japan’s second-biggest carmaker said on Monday it would sell
its redesigned Skyline sedan with the Infiniti badge on the
front, steering wheel and wheels from late February 2014. The
Nissan Skyline sedan is sold overseas as Infiniti Q50.

Nov 6, 2013

Toyota closes in on record profit as rivals face expansion pain

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research) is closing in on a record profit set before the Lehman crisis after topping up its annual net profit forecast by nearly $2 billion (1.24 billion pounds) and outperforming Japanese rivals as its expansion plans bear fruit.

The world’s best-selling carmaker is racking up strong sales in a healthy U.S. market while keeping costs in check and taking a breather from building new facilities, in contrast to Nissan Motor Co (7201.T: Quote, Profile, Research) and Honda Motor Co (7267.T: Quote, Profile, Research) which are grappling with heavy expansion costs.

Nov 6, 2013

Toyota closes in on record profit with healthy U.S. sales

TOKYO, Nov 6 (Reuters) – Toyota Motor Corp raised
its annual profit forecast on Wednesday, closing in on records
set before the Lehman crisis as the weaker yen and growing sales
in a healthy U.S. market sharply boost earnings.

The world’s best-selling carmaker now expects 1.67 trillion
yen ($16.95 billion) in net profit for the year ending in March
2014, compared with a previous forecast of 1.48 trillion yen.

Nov 6, 2013

Mitsubishi Motors sets ambitious goals as revival campaign enters final lap

TOKYO, Nov 6 (Reuters) – Mitsubishi Motors Corp
laid out plans to boost production and profit by about one-third
over three years with a focus on emerging markets as it turns
the page on a decade-long revival campaign.

The second-tier Japanese automaker also said it would offer
new shares to raise up to $2.1 billion to repay other Mitsubishi
companies that funded a 2004 bailout after a recall cover-up
scandal and the unravelling of its alliance with
DaimlerChrysler.

Nov 5, 2013

Renault-Nissan expands Mitsubishi cooperation

TOKYO/PARIS (Reuters) – Renault (RENA.PA: Quote, Profile, Research, Stock Buzz) and alliance partner Nissan (7201.T: Quote, Profile, Research, Stock Buzz) will deepen cooperation with Mitsubishi Motors Corp. (7211.T: Quote, Profile, Research, Stock Buzz) to develop small cars and sedans, the companies said on Tuesday.

The move underscores Renault-Nissan chief Carlos Ghosn’s push for savings across the alliance as well as sub-scale Mitsubishi’s need for new partnerships to share costs.

Nov 5, 2013

Renault-Nissan plan to develop, build cars with Mitsubishi Motors

TOKYO, Nov 5 (Reuters) – The Renault-Nissan alliance
and Mitsubishi Motors Corp are
planning to cooperate in building Mitsubishi-badged cars at a
Renault plant and jointly develop small cars including electric
vehicles, the carmakers said.

The announcement on Tuesday came a day before Mitsubishi
Motors, one of the only second-tier Japanese carmakers without a
major alliance with another global automaker, is set to announce
its mid-term plan that is expected to show how it will repay its
decade-old bailout.

    • About Yoko

      "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."
    • Follow Yoko