Toyota Motor on Friday criticized U.S. President Donald Trump’s decision to announce some auto sector imports a national security threat, stating it sends a message to the automaker that “our investments are not welcomed.” The automaker, which is in the middle of constructing a $1.6 billion joint venture assembly plant and stated in March it […]
Asian
Nissan Motor retains Saikawa as CEO
Nissan Motor stated Friday that Hiroto Saikawa would remain as chief executive, backing the protege of former chairman Carlos Ghosn even as top shareholder Renault had previously pushed for a modification in the Japanese automaker’s leadership. Saikawa’s re-appointment is likely to be observed as a rebuff to Renault SA, which has pushed for leadership modifications […]
Nissan projects the weakest profit in a decade
Nissan Motor attempting to rebuild its deteriorated reputation over failed corporate governance after the criminal investigation of two former executives, slash its operating profit outlook by a sharp 28 percent for fiscal 2019 to its lowest in a decade. At a news conference Tuesday at Nissan’s headquarters in Yokohama, CEO Hiroto Saikawa stated operating profit […]
Nissan revenues slide fuels Renault deal pressure
Renault is slowly pushing for a change of Nissan leadership as a beginning to merger talks, sources at both companies stated, after the Japanese automaker warned of additional slide in earnings following the Carlos Ghosn scandal. Jean-Dominique Senard, who took the place of Ghosn as Renault chairman in January, sees Nissan boss Hiroto Saikawa as […]
Toyota, Fiat Chrysler U.S. sales dropped in April
Toyota Motor on Wednesday reported a 4.4 percent drop in U.S. sales in April, due to slack demand for its sedans, consisting of Corolla and Prius. The Japanese automaker stated it sold 162,506 vehicles in April, compared with 170,706 units a year ago. Major automakers reported a weak U.S. new vehicle sales in the first […]
5 Most Common Repairs for Nissan Altimas
Nissan Altimas are generally great cars. Since their first release in 1992, Altimas have been consistent in providing sporty handling and stylish looks while remaining affordable. While Altimas tend to be reliable, they sometimes have problems, just like any other car. Here are some common repairs for Nissan Altimas. 1. Power Steering Noises The newest […]
Toyota to produce Lexus NX for North America at Ontario plant
Toyota Motor will build its Lexus NX luxury crossover vehicle at a Canadian plant starting in 2022, the company stated on Monday, a decision that Prime Minister Justin Trudeau stated showed the value of the nation’s international trade agreements. The plant will spend hundreds of millions of dollars to produce the Lexus NX and its […]
Renault to propose joint holding company with Nissan
Renault is going to propose a plan to form a joint holding company that would provide the French automaker and Japanese partner Nissan equal footing, a person with knowledge of the issue informed Reuters. Under the proposal, both companies would nominate an equal number of directors to the new company, that would be led by […]
Toyota halts plan to install U.S connected vehicle tech by 2021
Toyota Motor stated Friday it was abandoning plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to prevent collisions. Automakers have conflicted if they should proceed with the DSRC system or use a 4G- or 5G-based system in the United States. Toyota’s declaration is […]
Ghosn leaves Tokyo jail, agrees to limit contact with his wife
Former Nissan boss Carlos Ghosn walked out of a Japanese jail for a second time late on Thursday, on $4.5 million bail after accepting to limit contact with his wife as he awaits trial on financial misconduct charges. After a Tokyo court declined an appeal by prosecutors against his release, Ghosn left the Tokyo detention […]
Japanese court rejects prosecutors’ appeal against Ghosn’s bail
Former Nissan Motor boss Carlos Ghosn was set to leave a Japanese jail after the Tokyo District Court on Thursday declined a prosecutors’ appeal against its decision to permit his release on bail, Kyodo News and public broadcaster NHK reported. The court previously approved Ghosn’s release on bail of 500 million yen ($4.5 million). Ghosn […]
Carlos Ghosn granted $4.5 million bail
Former Nissan Motor boss Carlos Ghosn has been granted bail for the second time since his arrest last year on financial misconduct charges, after posting $4.5 million bail on Thursday and accepted curbing on contacting his wife. A Tokyo court lays out a new condition for bail that Ghosn cannot meet or otherwise communicate with […]
Senior executive Schillaci to depart amid reshuffle, says Nissan
Nissan Motor on Tuesday stated the executive responsible for its Nissan, Datsun and Infiniti brands was departing, as it announced a management reshuffle to enhance governance after the ouster of former boss Carlos Ghosn. Nissan stated Daniele Schillaci, an executive vice- president who had been accountable for the three brands and for all tasks in […]
Nissan Motor cuts profit outlook to a near-decade low
Nissan Motor cut its full-year profit forecast to its lowest in almost a decade because of weakness in the United States, just as it adjusts to life without Carlos Ghosn and charts its future with the partner Renault SA. The automaker expects operating profit for the year ended March to drop 45 percent against a […]
Hyundai bets on U.S., South Korea sales as profit beats consensus
Hyundai Motor revealed a promising outlook for sales in South Korea and in the United States, and also reported its first increase in profit in five quarters, in an early indication of recovery even as it battles a decline in China. This comes as Hyundai’s heir apparent Euisun Chung reshuffles top management to restore stalled […]
