TOKYO — Ford Motor was once the model of a vertically integrated company, handling everything from growing timber to assembly finished vehicles in Michigan. Fast forward 100 years and the current auto industry is completely different — dependent on supply chains that sprawl across the planet and myriad industries. But as supply chains become more complex, so has their… Continue reading Blockchain to help automakers tame tangled chip supplies
Author: Nikki News Feed
Tokyo one-ups rest of Japan with 2030 electric vehicle goal
TOKYO — Tokyo has set a goal for all new cars sold in the city to be hybrids or electric vehicles by 2030, Gov. Yuriko Koike said in a meeting of the Tokyo Metropolitan Assembly on Tuesday, declaring that the onus is on the world’s major cities to limit greenhouse gas emissions. Japan’s capital has… Continue reading Tokyo one-ups rest of Japan with 2030 electric vehicle goal
Chinese electric vehicle maker develops new kind of delivery car
BEIJING — In China, where demand for home delivery services is growing rapidly and the working-age population is declining, the workloads of delivery drivers will only increase. Delivery drivers usually use three-wheeled electric vehicles, which are cheap and zippy and have relatively high capacity. But these vehicles have obvious flaws. They are larger than electric… Continue reading Chinese electric vehicle maker develops new kind of delivery car
Nissan Note spells beginning of end of internal-combustion engine
TOKYO — Nissan Motor has shifted gears in the electrification of its vehicles with the unveiling of its all-new Note compact, exclusively available as a hybrid. “We will concentrate [management resources] on electrification to lead a zero-emission society,” Nissan Executive Vice President Asako Hoshino said on Tuesday during an online news conference. “The Note symbolizes… Continue reading Nissan Note spells beginning of end of internal-combustion engine
GM to recall 5.9m vehicles for Takata air bag issue
WASHINGTON (Reuters) — General Motors Co will recall 5.9 million vehicles with potentially dangerous Takata air bag inflators after a U.S. safety agency said Monday it had rejected the Detroit automaker’s petition to avoid the callback. The recall is expected to cost the Detroit automaker $1.2 billion. The National Highway Traffic Safety Administration (NHTSA) said… Continue reading GM to recall 5.9m vehicles for Takata air bag issue
BMW’s Chinese partner enters bankruptcy restructuring
HONG KONG/GUANGZHOU — BMW’s partner in China, Huachen Automotive Group Holdings, entered bankruptcy restructuring on Friday. The Shenyang Municipal Intermediate People’s Court in northeast China’s Liaoning Province, where the company is based, accepted the restructuring application filed by a creditor, according to court records. Huachen, owned by the Liaoning provincial government, is the parent of… Continue reading BMW’s Chinese partner enters bankruptcy restructuring
Yamaha seeks edge with ‘connected bikes’ in Indonesia
HAMAMATSU, Japan — Yamaha Motor, the world’s third-largest motorcycle maker, is stepping up marketing to attract new customers mainly in Asia such as Indonesia and India, its biggest markets, based on connectivity via a smartphone app. The new business strategy is aimed at developing Yamaha into a company that not only manufactures motorcycles but also… Continue reading Yamaha seeks edge with ‘connected bikes’ in Indonesia
Bridgestone to sell off noncore US unit as red ink looms
TOKYO — Bridgestone plans to auction off Firestone’s construction material subsidiary as part of a wider cost-cutting effort to recover from its first anticipated annual loss in 69 years, CEO Shuichi Ishibashi told Nikkei in an exclusive interview Friday. The Japanese tiremaker is accepting bids on U.S.-based Firestone Building Products. A deal could be valued… Continue reading Bridgestone to sell off noncore US unit as red ink looms
Nissan trims annual loss forecast to $5.8bn as sales improve
TOKYO — Nissan Motor on Thursday forecast a net loss of 615 billion yen ($5.8 billion) for the fiscal year through March, a slight upward revision from previous guidance, helped by an improvement in sales and the implementation of cost-cutting measures, but analysts said it still faces a long road to profitability. The outlook for the… Continue reading Nissan trims annual loss forecast to $5.8bn as sales improve
Indonesia aims to grab EV supply chain with CATL and Hyundai
JAKARTA — Indonesia is inching toward building an industry to supply nickel for batteries and electric vehicles. The government last month acquired a major stake in a nickel miner, following basic agreements with top South Korean and Chinese battery makers for domestic joint ventures totaling $12 billion. It is also looking to eventually become a regional hub for manufacturing electric… Continue reading Indonesia aims to grab EV supply chain with CATL and Hyundai