Author: Nikki News Feed

Toyota forklift maker to face regulatory action over emissions cheating

TOKYO — Japan’s transport ministry is poised to take regulatory action as soon as this month against Toyota Motor affiliate Toyota Industries over cheating on engine emissions standards, people familiar with the matter said Monday. The regulator is expected to order the company, which makes engines, batteries and other industrial equipment, to take steps to prevent a… Continue reading Toyota forklift maker to face regulatory action over emissions cheating

Mitsubishi Corp. to set up car dealer network in India

TOKYO/CHENNAI, India — Japanese trading house Mitsubishi Corp. will enter the car sales business in India this summer, taking a stake of more than 30% in an Indian company that operates car dealerships in the South Asian nation. India ranks third in the world in new car sales after China and the U.S., but Japanese… Continue reading Mitsubishi Corp. to set up car dealer network in India

Myanmar’s military regime promotes EVs with a heavy hand

BANGKOK/YANGON — The number of electric vehicles in Myanmar has increased more than sixfold in a year as the military regime exempts EVs from tariffs and imposes an import ban against gasoline-powered autos. New EV showrooms have sprung up in the economic capital of Yangon. Some sell Chinese brands such as leader BYD, though others are… Continue reading Myanmar’s military regime promotes EVs with a heavy hand

Mazda seeks startups, software engineers at new Tokyo hub

TOKYO — Mazda Motor, headquartered in western Japan’s Hiroshima prefecture, has established a new office presence in Tokyo to help it hobnob with the metropolis’ startups and software engineers — key resources for riding the waves of electrification and digitization sweeping the auto industry. The automaker’s new base, which opened Friday, looks down on the… Continue reading Mazda seeks startups, software engineers at new Tokyo hub

GM, Ford chiefs open to EV partnerships to compete with China

(Reuters) — The chief executives of U.S. automakers Ford Motor and General Motors said on Thursday they would consider partnerships to cut electric vehicle technology costs as Chinese rivals move into the U.S. and European markets. “If there’s ways that we can partner with others, especially on technologies that are not consumer-facing, and be more… Continue reading GM, Ford chiefs open to EV partnerships to compete with China

Sony and Honda EV venture to launch SUV and compact before 2030

TOKYO — A joint venture between Sony Group and Honda Motor will introduce three electric vehicle models by the late 2020s as the corporate heavyweights gear up to compete in an increasingly competitive and global EV market, Nikkei has learned. Sony Honda Mobility will debut a sedan in 2025, an SUV in 2027 and an… Continue reading Sony and Honda EV venture to launch SUV and compact before 2030

Toyota brass to lead scandal-hit Daihatsu in management reshuffle

NAGOYA — Toyota Motor will take the reins on restructuring scandal-hit Daihatsu Motor, placing several of its executives on the subsidiary’s board and helping with Daihatsu’s overseas business. “We need to take steps to rebuild the system for the future, even if that means slowing down a little,” Toyota President Koji Sato said at a… Continue reading Toyota brass to lead scandal-hit Daihatsu in management reshuffle

Tesla rival BYD weighs EV plant in Mexico

MEXICO CITY — Top Chinese electric vehicle maker BYD is considering setting up a plant in Mexico, the head of the company’s local subsidiary has told Nikkei, as the automaker seeks to establish an export hub to the U.S. Overseas production is indispensable for an international brand, said Zhou Zou, country manager of BYD Mexico. Mexico… Continue reading Tesla rival BYD weighs EV plant in Mexico

Toyota says president of scandal-hit Daihatsu unit to step down

TOKYO (Reuters) — Toyota Motor said on Tuesday both the president and chairman of small-car unit Daihatsu Motor will step down following revelations of misconduct related to rigged collision safety-tests. Toyota’s chief executive officer for the Latin America and Caribbean region Masahiro Inoue will replace Soichiro Okudaira as Daihatsu’s president effective March 1, the world’s… Continue reading Toyota says president of scandal-hit Daihatsu unit to step down