Edition:
United Kingdom

Naomi Tajitsu

Nissan cuts profit forecast after 70% quarterly plunge

12 Nov 2019

YOKOHAMA Nissan Motor Co reported a 70% drop in quarterly profit on Tuesday and cut its full-year forecast to an 11-year low, hit by a strong yen and falling sales, and highlighting the turmoil at the Japanese automaker after the ouster of Carlos Ghosn. | Video

Toyota announces $1.8 billion share buyback after strong second-quarter

07 Nov 2019

TOKYO Toyota Motor Corp plans a $1.8 billion share buyback, Japan's biggest automaker said on Thursday, after beating quarterly forecasts on higher global vehicle sales and an improved performance in North America.

Suzuki braces for bumpy road ahead after second-quarter profit tumbles on India market woes

05 Nov 2019

TOKYO Suzuki Motor Corp said quarterly profit plunged by almost a third on slumping car demand in India, its biggest market, and Japanese automaker slashed its full-year vehicle sales outlook.

Nissan picks American as finance chief as new generation takes helm

01 Nov 2019

TOKYO Nissan Motor Co on Friday named American Stephen Ma as its next finance chief and said some veteran executives were stepping down, putting a new generation in charge of a company battling to recover from plunging profits and management scandal.

Mazda sees 30% FY profit drop on strong yen, weak sales in U.S., China

01 Nov 2019

TOKYO Mazda Motor Corp cut its annual profit forecast by nearly half on Friday as the Japanese automaker expects a strong yen and falling cars sales in the United States and China, its biggest markets, to drive earnings to a seven-year low.

Hitachi, Honda suppliers to merge parts business to cut EV, self-driving costs

30 Oct 2019

TOKYO Hitachi Ltd will merge its vehicle components unit with Honda's three suppliers in a bid to cut development costs and better respond to a rapid industry shift to electric vehicles (EV) and self-driving.

Toyota's not alone in the slow lane to self-driving cars

29 Oct 2019

(This Oct 25 story changes paragraphs 9 and 10 to correct name, title of speaker and remove reference to Nissan abandoning self-driving vehicle targets; clarifies that view on development timeline)

World News