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Nov 1, 2013

Nissan, facing growing pains, shakes up management

YOKOHAMA, Japan, Nov 1 (Reuters) – Nissan Motor Co
Chief Operating Officer Toshiyuki Shiga will step aside from the
No.2 post in a management reshuffle after the company slashed
its profit outlook on Friday amid a slowdown in emerging markets
and quality issues.

Chief Executive Carlos Ghosn has set aggressive expansion
targets for Japan’s second biggest carmaker to boost both global
market share and its operating margin to 8 percent by end-March
2017, but recalls and a sales slowdown in markets such as China
and Russia have a cast shadow over the plan.

Nov 1, 2013

Nissan, facing growing pains, reshuffles management

TOKYO (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) said Chief Operating Officer Toshiyuki Shiga would step aside from the No.2 post to a job handling external affairs in a management makeover as the company grapples with quality issues amid an ambitious drive to boost market share.

Japan’s second biggest automaker by sales volume said in a statement that Shiga, 60, would become vice chairman. Chief Executive Officer Carlos Ghosn will stay on.

Oct 31, 2013

Fuji Heavy forecasts bumper profits as Subaru demand takes off

TOKYO, Oct 31 (Reuters) – Fuji Heavy Industries
bumped up its forecast for record profits this year by another
40 percent on Thursday and announced its sixth increase in
production capacity in barely a year as it struggles to meet
demand for its Subaru cars.

Fuji Heavy, along with fellow second-tier Japanese automaker
Mazda Motor Corp, is enjoying a rebound in the market
but bumping up against capacity constraints that limit their
ability to take full advantage.

Oct 30, 2013

Honda profit climbs as Fit subcompact pays off

TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) is on track for its best annual profit in five years and a rosier longer-term future, boosted by the popularity of the new Fit subcompact which left the company struggling to keep up with demand.

Japan’s third-largest automaker kept its operating profit target for the year to next March unchanged at 780 billion yen ($7.95 billion), up 43 percent from the year before, boosted by a weaker yen and strong sales in the United States, its biggest market.

Oct 30, 2013

Japan’s big manufacturers signal tentative willingness on wage hikes

TOKYO, Oct 30 (Reuters) – Japan’s big manufacturers, under
pressure from Prime Minister Shinzo Abe to boost wages and
create a “virtuous cycle” of growth to defeat deflation, are
showing signs they are willing to raise workers’ pay.

Abe’s reflationary policies to stimulate spending and
investment have boosted the fortunes of many corporations in
Japan, which is now the fastest growing of the G7 rich nations.

Oct 30, 2013

Japan’s big manufacturers signal tentative willingness on wage hikes

TOKYO, Oct 30 (Reuters) – Japan’s big manufacturers, under
pressure from Prime Minister Shinzo Abe to boost wages and
create a “virtuous cycle” of growth to defeat deflation, are
showing signs they are willing to raise workers’ pay.

Abe’s reflationary policies to stimulate spending and
investment have boosted the fortunes of many corporations in
Japan, which is now the fastest growing of the G7 rich nations.

Oct 30, 2013

Honda profit up as U.S., Japan car sales offset Thai drop

TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) said strong car sales in the United States and Japan offset a slowdown in Thailand in the three months to September, helping the Japanese carmaker post a 46 percent growth in quarterly net profit.

Honda reported stronger-than-expected demand for its remodeled Fit subcompact that went on sale in Japan in September, a key model in its ambitious plans to boost global sales.

Oct 28, 2013

Toyota keeps top spot in auto sales rankings, outselling GM, VW

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) kept its lead over rivals General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) and Volkswagen AG (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) this year, January-September global sales figures showed, as the Japanese carmaker closes in on a record annual profit.

Toyota’s groupwide sales totaled around 7.412 million vehicles, up 0.1 percent from the same period a year ago, the company said on Monday, as strong sales in the United States offset slowdowns in Thailand and China.

Oct 26, 2013

Mitsubishi Motors plans $2 bln share offer as early as Jan -sources

TOKYO, Oct 26 (Reuters) – Mitsubishi Motors Corp
plans to raise around $2 billion in a public share offering as
early as January to pay back top shareholders for a 2004 bailout
that enabled its decade-long turnaround, sources familiar with
the matter said on Saturday.

The capital raising will also allow the second-tier Japanese
automaker to pay dividends for the first time in nearly a decade
and a half. And it will maintain close equity ties to the
Mitsubishi group to meet the challenges of tightening
environmental standards and other technological advances while
it lacks a strategic automotive partner.

Oct 10, 2013

Toyota says slashes fuel cell costs by nearly $1 million for new hydrogen car

TOKYO (Reuters) – Toyota Motor Corp said it has slashed the cost of the fuel cell system in its next hydrogen-powered car by almost $1 million, putting it on course to launch a mid-sized sedan in 2015 with a price ticket below $100,000.

The world’s best-selling auto manufacturer and maker of the Prius gas-electric hybrid car says the fuel cell system will cost about 5 million yen ($51,000) compared with prototype costs of over $1 million.

    • 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."
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