Tag - carmakers

 
 

CARMAKERS

Automaker Nissan's headquarters in Yokohama
BUSINESS / Companies
May 17, 2025
Struggling Nissan considers closing two plants in Kanagawa
The possible closure of the plants in the prefecture — Nissan's birthplace — seems certain to provoke a backlash from local communities.
Chief tariff negotiator Ryosei Akazawa and his delegation in the Oval Office of the White House in April. Since then, Japan's trade negotiations with the U.S. have produced no tangible results.
BUSINESS / Economy / FOCUS
May 16, 2025
Akazawa's dilemma: no tariff deal or a half-baked deal
Japan has realized the U.S. has no intention of seriously talking about duties on automobiles now.
Ryosei Akazawa, Japan's tariff czar, after the first round of talks in Washington. Media reports indicate he may be headed back to the United States next week for the third round of negotiations.
BUSINESS / Economy
May 15, 2025
Third round of U.S.-Japan tariff talks may be held next week: report
Akazawa’s two previous visits to Washington yielded no tangible results.
Carlos Ghosn, then president and CEO of Nissan Motor and Renault, delivers a speech during an opening ceremony of a Nissan car factory in St. Petersburg in June 2009.
COMMENTARY / Japan
May 15, 2025
Nissan is dying and taking globalization with it
Nissan is a Japanese business in name only: Despite accounting for 45% of jobs and about 35% of manufacturing assets, just 16% of sales are at home.
Cars on display at Nissan's headquarters in Yokohama on Tuesday. The automaker posted a massive annual net loss and confirmed that it plans to cut thousands of jobs worldwide.
BUSINESS / Companies
May 14, 2025
Japanese automakers looking at a ¥1 trillion hit from Trump tariffs 
No matter what happens, they expect the new levies to cost them a lot.
Nissan CEO Ivan Espinosa in Tokyo as the company releases its results
BUSINESS / Companies
May 13, 2025
Nissan gets ‘wake-up call’ with $4.5 billion annual net loss
The company plans more than 10,000 job cuts globally in addition to the 9,000 cuts announced previously.
Operating profit is forecast to land at around ¥500 billion ($3.4 billion) in the current fiscal year through March 2026, falling far short of analyst estimates of ¥1.35 trillion, Honda said Tuesday.
BUSINESS / Companies
May 13, 2025
Honda signals profit drop and warns of $3 billion tariff hit
Honda will have to go it alone after a tie-up with Nissan fell through as the global auto market is roiled by U.S. tariffs and intense competition in China.
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 13, 2025
Nissan shares surge as carmaker set to cut 20,000 jobs in huge overhaul
The heavily indebted company, one of the top 10 automakers by unit sales, is expected to log a record annual loss of around $5 billion later in the day.
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.

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