NEW DELHI — A joint venture between an Indian and a Japanese company has uncovered a treasure trove in India in the form of auto parts salvaged from some of the roughly 10 million cars scrapped in the country as the government puts tighter emissions standards in place. Abhishek Group, an Indian maker of air… Continue reading Scrapped cars a gold mine for India-Japan recycling venture
Author: Nikki News Feed
Tesla’s fast cash: EV maker nips at heels of profit leader Toyota
TOKYO — Tesla is accelerating its timeline for turning cash into product and back to cash, giving the company a rare opportunity to commit more resources for investments into its future. The strategy already appears to be paying off. Tesla’s net profit increased more than sevenfold on the year in the January-March quarter to $3.3 billion, not far behind Toyota’s… Continue reading Tesla’s fast cash: EV maker nips at heels of profit leader Toyota
Honda, peers to ride 20 motorcycles off into the sunset this year
TOKYO — Honda Motor and three Japanese rivals plan to discontinue about 20 motorcycle models by the end of this year, Nikkei has learned, in response to tougher emissions standards to be implemented in Japan in the fall. The retired motorbikes represent 10% of the roughly 190 models available from Honda, Yamaha Motor, Suzuki Motor and Kawasaki… Continue reading Honda, peers to ride 20 motorcycles off into the sunset this year
Honda China venture begins building Guangdong EV factory
TOKYO (Reuters) — Honda Motor said on Tuesday its joint venture in China with Guangzhou Automobile Group has begun building an electric vehicle factory in Guangdong province with an initial investment of 3.49 billion yuan ($522 million). The Japanese automaker is aiming to start the factory’s operation in 2024, it said in a statement. The new factory… Continue reading Honda China venture begins building Guangdong EV factory
Southeast Asia on cusp of EV revolution as local production begins
BANGKOK/MANILA — The electric vehicle market is taking off in Southeast Asia as automakers plan to start production in at least three countries this year, a key step toward making the cars more affordable to the region’s consumers. Many of these companies are based in China and South Korea, while Japanese automakers — which now account… Continue reading Southeast Asia on cusp of EV revolution as local production begins
South Korea’s Hyundai teams with Michelin to develop EV tires
SEOUL — Hyundai Motor Group has partnered with Michelin to develop tires optimized for electric vehicles, the South Korean automaker said Monday, part of a push to extend the range of its cars. EVs tend to be heavier than gasoline-powered autos due to the weight of batteries. Hyundai and Michelin look to create new designs and materials for a… Continue reading South Korea’s Hyundai teams with Michelin to develop EV tires
Toyota suppliers signal ambition in agriculture and health care
TOKYO — Several major auto parts suppliers, in particular listed subsidiaries of Japan’s Toyota Motor group, have slipped new ambitions into proposals for their upcoming annual general meetings, with plans to diversify their businesses into sectors including agriculture and health care. Diversification strategies have always been a concern for the management of parts makers in… Continue reading Toyota suppliers signal ambition in agriculture and health care
Kishida visits Toyota plant, pledges dialogue forum with automakers
TOKYO — Japanese Prime Minister Fumio Kishida said he will set up a “new forum for dialogue” with the automotive industry during a visit to a Toyota Motor plant on Friday. Kishida visited Toyota’s Motomachi Plant in Aichi Prefecture. After observing the automobile inspection process, Kishida spoke with company President Akio Toyoda and Toyota employees.… Continue reading Kishida visits Toyota plant, pledges dialogue forum with automakers
Mazda and Mitsubishi Motors to lift prices in Japan
TOKYO — Mazda and Mitsubishi Motors vehicles will cost more in Japan come fall as the nation’s medium-size automakers begin passing on their rising raw materials costs and adjust to the weakening yen. Mazda will raise prices for two models, including the flagship Mazda3 compact, by about 3%. Mitsubishi Motor’s price hike will also be… Continue reading Mazda and Mitsubishi Motors to lift prices in Japan
Japan auto suppliers furlough workers due to supply snarls
TOKYO — Major suppliers to Toyota Motor and Nissan Motor plan to temporarily furlough their employees this month as the global semiconductor shortage and logistical logjams take a toll on auto production. The moves also show that the supply constraints that have been marring global production for around two years now are affecting Japan’s employment… Continue reading Japan auto suppliers furlough workers due to supply snarls