Brussels, 5 May 2020 – COVID-19 is having a major impact on the economy, with retail and manufacturing activity crippled without precedence and concerns mounting on consumer sentiment. The European automotive sector, which has been hit particularly badly, proposes a plan comprised of 25 key actions to ensure a strong restart of the sector and… Continue reading Press Releases – COVID-19: Automotive sector calls for vehicle renewal incentives to kickstart economic recovery
Tag: Toyota
Honda, PSA to gradually restart car plants in coming weeks
Tara Patel and Siddharth Philip, Bloomberg Published 11:38 a.m. ET May 4, 2020 | Updated 11:42 a.m. ET May 4, 2020 PSA Group and Honda Motor Co. will gradually restart manufacturing sites in the coming weeks as European countries begin to lift lockdown restrictions and reopen vehicle showrooms. The first wave of resumptions at PSA’s… Continue reading Honda, PSA to gradually restart car plants in coming weeks
@Toyota: Toyota keeps the capital’s key workers moving through car sharing service, hiyacar
All Toyota GB vehicles listed on London-based car sharing service, hiyacar, made available to key workers with rental fee waived 571 days’ worth of Toyota car loans taken up by key workers to date Cars being positioned at hospitals for ease of access Doctors, nurses and police officers are top users of service Toyota GB… Continue reading @Toyota: Toyota keeps the capital’s key workers moving through car sharing service, hiyacar
Nissan to retrench further in new plan to focus on US, Japan, China
May 4 (Reuters) – Nissan Motor Co Ltd will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters.
The “operational performance plan” is due to be announced on May 28 and goes beyond fixing problems from ousted leader Carlos Ghosn's aggressive expansion drive, the people said.
Pursuit of market share, particularly in the United States, led to steep discounting and a cheapened brand. Under the new, three-year plan – reported here for the first time – Nissan aims to restore dealer ties and refresh lineups to regain pricing power and profitability, the people told Reuters.
“This is not just a cost-cutting plan. We're rationalising operations, reprioritising and refocusing our business to plant seeds for the future,” one of the people said.
The plan also aims to cut competition and expand cooperation with alliance par..
Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China
(Reuters) – Nissan Motor Co Ltd (7201.T) will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters. FILE PHOTO: People walk past a dealer shop of Nissan… Continue reading Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China
@Toyota: Video and Transcript of Financial Results Press Conference
Video and Transcript of Financial Results Press Conference Go to Source
Geely adds Haoyue SUV to remain No.1 Chinese brand – just-auto.com
Fuel filler on the passenger side is unusual for an Asian brand vehicle Geely is primed to add to recent sales gains in the Chinese market by adding the Haoyue, an SUV around the same size as the Hyundai Santa Fe, to its line-up. Exports are planned. There are both five and seven-seat layouts for… Continue reading Geely adds Haoyue SUV to remain No.1 Chinese brand – just-auto.com
@Toyota: Financial results for Fiscal year ended March 31,2020
2020-04-30 Toyota Tsusho announced financial results for Fiscal year ending March 31, 2020. Below are the main items of Consolidated Results based on IFRS. (Unit: Billion yen) FY2018 FY2019 Change Gross profit 638.4 639.8 +1.4 Operating profit 215.1 210.3 (4.8) Profit before income taxes 229.1 224.8 (4.3) Profit attributable to owners of the parent 132.6… Continue reading @Toyota: Financial results for Fiscal year ended March 31,2020
Toyota and Honda to ramp up China plants to make up lost output
TOKYO — Japanese auto companies will accelerate production in China from May as the country recovers from the coronavirus pandemic earlier than other parts of the world. The carmakers are moving to pump up output to position themselves as they see the massive market re-emerging as the global sales leader. Toyota Motor and Honda Motor… Continue reading Toyota and Honda to ramp up China plants to make up lost output
Key Ford, Toyota Supplier BorgWarner to Reopen Tornado-Damaged South Carolina Plant
Key Ford, Toyota Supplier BorgWarner to Reopen Tornado-Damaged South Carolina Plant More Auto-industry supplier BorgWarner (NYSE: BWA) said that it expects to resume limited production at a tornado-damaged South Carolina factory in early May. The factory makes critical parts for four-wheel-drive versions of pickup trucks and SUVs made by automakers including Ford (NYSE: F), Fiat… Continue reading Key Ford, Toyota Supplier BorgWarner to Reopen Tornado-Damaged South Carolina Plant