Tag - carmakers

 
 

CARMAKERS

U.S. President Donald Trump’s tariffs on cars and car parts imported to the U.S. have been painful to most global brands, but crippling in Nissan’s case.
BUSINESS
May 12, 2025
Nissan job cuts double to 20,000 in huge overhaul, NHK says
Job cuts will be closer to 20,000, or around 15% of the entire workforce, according to national broadcaster NHK.
Prime Minister Shigeru Ishiba at the White House earlier this year. Ishiba said Monday that farmers won't be sacrificed for automakers in Japan's tariff negotiations with the U.S.
BUSINESS / Economy / FOCUS
May 12, 2025
Japan might be playing long game in U.S. tariff talks
Tokyo is resisting making any major concessions, possibly in the hope that mounting domestic pressure will force U.S. President Donald Trump to give it a better deal.
A gauge of confidence among store managers, taxi drivers and others who interact directly with Japanese consumers dropped 2.5 points to 42.6 in April.
BUSINESS / Economy
May 12, 2025
Japan’s merchants’ mood hits worst in three years on tariff woes
A gauge of confidence among store managers, taxi drivers and others who interact directly with Japanese consumers dropped 2.5 points to 42.6 in April.
Idemitsu Kosan President Noriaki Sakai speaks during an interview in Tokyo on April 23.
BUSINESS / Companies
May 11, 2025
Idemitsu to enhance all-solid-state battery business
All-solid-state batteries have shorter charging times and enable vehicles to travel longer per charge, compared with conventional batteries.
Prime Minister Shigeru Ishiba speaks during a Lower House committee meeting on Friday.
BUSINESS / Economy
May 11, 2025
Ishiba vows Japan will stand its ground, demanding U.S. lift auto tariffs
The U.S. is an important market for the Japanese automobile industry, accounting for about 20% of its total car exports in terms of volume and about 30% in terms of value.
Ryosei Akazawa, Japan’s top tariff negotiator, speaks to the press on Friday. Japan and the United States are still discussing what to negotiate.
BUSINESS / Economy
May 9, 2025
Japan stuck at starting line in tariff talks with U.S. as U.K. inks deals
The U.S. has warned that comparing Japan with the U.K. was apples and oranges, and that getting over the line with many countries will be a slow and arduous process.
A Nissan plug-in hybrid truck at the Shanghai Auto Show last month. Nissan is looking to invest in its China operations and use the nation’s intensely competitive market to accelerate its development of electric vehicles.
BUSINESS / Companies
May 9, 2025
Nissan drops plan for Fukuoka battery plant to focus on recovery
The carmaker has abandoned plans to build a battery plant in Fukuoka Prefecture to focus on rescuing itself from a deepening financial crisis.
Toyota CEO Koji Sato announces the firm's financial results during a news conference in Tokyo on Thursday.
BUSINESS / Companies
May 8, 2025
Toyota cites tariffs as it forecasts 35% drop in 2025-26 net profit
Carmakers have been among the hardest-hit by Trump's multipronged assault on free trade.
Jun Seki, chief strategy officer of Hon Hai Precision Industry's electric vehicle business, speaks during a news conference in Tokyo on April 9.
BUSINESS / Companies
May 7, 2025
Hon Hai to make Mitsubishi an EV for Australia and New Zealand
The partnership makes Mitsubishi the first major customer for the Taiwanese contract manufacturer's fledgling EV business.
Japan's Economic Revitalization Minister Ryosei Akazawa speaks to the press upon his arrival at Haneda Airport on April 18. He has said that all tariffs need to be reconsidered by the United States.
BUSINESS / Economy
May 7, 2025
U.S. and Japan remain far apart on tariffs
While both sides have said they will aim for a deal as soon as possible, they have also indicated that they aren't in a rush for a swift settlement.
While for Aston Martin, it’s all about delivering luxury, their regional president for Asia Gregory Adams' start in the auto industry in Japan was far more humble.
BUSINESS / Companies
May 6, 2025
The drive for luxury: Aston Martin Asia's president explains the desire for more
“No one needs an Aston Martin,” said the company's regional president for Asia — it is more about emotion and less about practicality.
U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint news conference at the White House in Washington in February.
BUSINESS / Economy
May 6, 2025
India offers zero-for-zero tariffs on auto parts and steel from U.S.
New Delhi has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in trade negotiations with Washington.
U.S. President Donald Trump's 100th day rally in Warren, Michigan, on April 29
BUSINESS
May 4, 2025
Auto workers welcome Trump tariffs, no matter the fate of Wall Street
According to some autoworkers, the tariffs are their best chance of restoring American manufacturing might.
Four Japanese automakers reported selling more new vehicles in the U.S. in April, driven by last-minute demand amid concerns car prices might rise due to additional tariffs.
BUSINESS / Companies
May 2, 2025
Four Japan automakers see higher U.S. sales on last-minute demand
Toyota, Honda Motor, Mazda Motor and Subaru all saw their sales rise in April.
U.S. Commerce Secretary Howard Lutnick (far left), U.S. Treasury Secretary Scott Bessent (left) and Ryosei Akazawa, Japan's chief tariff negotiator. The second round of tariff negotiations between Japan and the United States were held on Thursday in Washington.
BUSINESS / Economy
May 2, 2025
Second round of U.S.-Japan tariff talks ends inconclusively in Washington
Neither foreign exchange rates nor defense spending were discussed, said Ryosei Akazawa, Japan's chief tariff negotiator.
U.S President Donald Trump meets with economic revitalization minister Ryosei Akazawa at the White House during Akazawa's first trip to the U.S. to discuss tariffs.
BUSINESS / Economy
Apr 30, 2025
Akazawa heads to Washington as Japanese automakers 'losing $1 million an hour' 
Speaking to reporters at Haneda Airport in Tokyo, Japan’s chief trade negotiator remained polite but firm as he suggested that the pressure is on.
Toyota and Alphabet’s Waymo, along with Toyota’s automotive-technology division Woven, will seek to develop a new autonomous-driving platform, according to a joint statement Wednesday.
BUSINESS / Companies
Apr 30, 2025
Toyota to partner with Alphabet’s Waymo on autonomous technology
Toyota and other major Japanese firms have poured money into artificial intelligence and autonomous driving for years, but have struggled to keep pace.
Japan’s carmakers are being pushed to combine their resources in an environment roiled by tariffs, as well as to counter Chinese auto firms’ rapid expansion.
BUSINESS / Companies
Apr 30, 2025
Japan's carmakers face consolidation amid tariffs and China's rise, says hedge fund
Man Group’s Stephen Harget thinks the phenomenon could be Japan-specific as automakers in other regions have already been through such a cycle.
Industrial production dropped 1.1% in March compared with the previous month, according to the industry ministry.
BUSINESS / Companies
Apr 30, 2025
Japan's factory output falls in sign of frailty before tariffs
Industrial production dropped 1.1% in March compared with the previous month, the industry ministry reported Wednesday. Economists had forecast a 0.4% drop.
U.S. Secretary of Commerce Howard Lutnick listens to U.S. President Donald Trump speak during an event to sign executive orders in the Oval Office of the White House in Washington on April 23.
BUSINESS / Markets
Apr 30, 2025
Trump eases auto tariff burden as Lutnick touts foreign trade deal
A group representing Toyota, Volkswagen, Hyundai and nine other foreign automakers said Trump's order provided some relief but that "more must be done."

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