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Author: Nikki News Feed
Honda hikes full-year earnings forecast to $5.8bn on tight supply
TOKYO — Honda Motor on Wednesday raised its full-year earnings forecast to 670 billion yen ($5.8 billion) from the 555 billion yen it had forecast in November, as the negative impact of the global chip shortage was offset by cost cuts, reduced dealer incentives and a weaker yen. Go to Source
Toyota reports record net profit of $20bn for April-December
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Foxconn to produce EVs with Thai energy group from 2024
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Vingroup loses $1bn in manufacturing on poor sales of gasoline cars
HANOI — Top Vietnamese conglomerate Vingroup suffered a pretax loss of roughly 23.9 trillion dong ($1.05 billion) at its manufacturing segment last year due to sluggish sales of gasoline-powered cars at home and growing investments in the emerging electric vehicle business. Go to Source
China’s new-energy vehicles reach a turning point
China’s new-energy vehicle (NEV) industry set records in 2021. The country produced 3.54 million NEVs, including battery-electric cars and plug-in hybrids, and sold 3.52 million of them. Sales were up 181% from 2020 and exceeded the total of the previous three years. In 2021, NEVs made up 15.7% of the country’s car market. Go to… Continue reading China’s new-energy vehicles reach a turning point
Hyundai under fire in India over Pakistani dealer’s Kashmir post
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Nissan revises up full-year net profit forecast on higher margins
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Nissan to end most development of new gasoline engines
TOKYO — Nissan Motor will end development of new internal combustion engines in all its major markets except the U.S. and focus its resources on electric vehicles, becoming the first major Japanese automaker to make such a break, Nikkei has learned. Go to Source
ASEAN new car sales rise for first time in 3 years
BANGKOK — Total new car sales rose for the first time in three years in 2021 in the Association of Southeast Asian Nations’ six major economies, thanks to a sharp increase in unit sales in Indonesia and the easing of COVID-19 movement restrictions in the second half of the year. Go to Source